How To Get Rich With GPTs in 2024: Ultimate Guide For Beginners

Learn With Writesonic
16 Mar 202413:40

TLDRThe video offers a guide for beginners on leveraging custom GPTs to generate income in 2024. It explains the concept of GPTs, their potential for solving specific problems, and the new GPT store as a marketplace. The guide covers the revenue program, various ways to monetize, and the skills needed, including market research, data training, prompt engineering, custom actions, and marketing. It also provides a step-by-step tutorial on creating a GPT bot with Botonic, emphasizing its ease of use and features like analytics and free account availability.

Takeaways

  • 😀 OpenAI introduced the option to create custom GPTs in November 2023, leading to over 3 million GPTs created for various use cases.
  • 💡 The GPT store was launched as a marketplace for custom GPTs, offering opportunities for creators to showcase and monetize their creations.
  • 🚀 GPTs, or Generative Pre-trained Transformers, are custom versions of the original GPT designed for specific tasks or individual requirements.
  • 📈 Creators can make money through the GPT store by selling their models to brands, developing apps, offering consulting services, or through freelance gigs.
  • 💰 OpenAI is planning a GPT Builder Revenue program that will pay creators based on user engagement with their GPTs, though specifics are yet to be disclosed.
  • 🔍 Market and use case research is crucial for understanding audience needs and identifying gaps in existing solutions that a custom GPT can fill.
  • 📚 Effective GPT training depends on the quality of the training data set, requiring data sourcing, preparation, and cleaning before training.
  • 🗣️ Prompt engineering involves training the GPT to understand human language nuances, making it more natural and relatable in its responses.
  • 🛠️ Custom actions teach the GPT to perform tasks beyond chatting, such as coding or problem-solving, by providing specific examples and data during training.
  • 📢 Marketing is vital for making a GPT stand out in the GPT store, with strategies ranging from social media to influencer marketing and PR.
  • 🛠️ Botonic is a tool for creating custom GPT bots that can be embedded on websites or shared via links, offering analytics and customization options.

Q & A

  • What is the significance of the GPT store introduced by OpenAI?

    -The GPT store is a marketplace for custom GPTs, providing a platform for creators to showcase their creations and monetize them. It allows for the listing of GPTs that are trained on specific use cases, solving real-world problems, and making them accessible to a broader audience.

  • How can individuals create and sell custom GPTs without extensive learning?

    -Individuals can create custom GPTs by inputting their data into the GPTs to train them for specific tasks. The process can be learned in a matter of minutes, and creators can sell these GPTs to brands, firms, and other creators, or integrate them into apps for additional revenue streams.

  • What are some of the potential ways creators can make money from the GPT store?

    -Creators can make money by selling GPT models to larger brands or other businesses, developing and selling apps that incorporate these models, offering consulting services to help others create their own GPTs, and taking on freelance gigs such as content creation or chatbot building.

  • What is the GPT Builder Revenue program, and how does it work?

    -The GPT Builder Revenue program is an initiative by OpenAI to pay creators based on user engagement with their GPTs. Although the exact criteria and payment structure are not fully disclosed, it is expected to be similar to platforms like Spotify, where creators are compensated based on engagement rates.

  • What are some of the skills required to create and market a successful GPT?

    -Key skills include market and use case research to understand audience needs, data sourcing and preparation to ensure high-quality training data, prompt engineering to make the GPT understand human language, custom actions to teach the GPT additional skills, and marketing to promote the GPT and attract users.

  • How does the custom GPT differ from the standard GPT in terms of functionality?

    -Custom GPTs are trained on specific data sets to perform particular tasks or cater to individual requirements. This specialized training allows them to provide more tailored responses and solutions compared to a standard GPT.

  • What is the role of natural language processing (NLP) in the context of GPTs?

    -NLP is crucial for training GPTs to understand the nuances of human conversation, interpret context, and generate responses that feel authentic and natural. This enhances user-friendliness and effectiveness of the GPT.

  • What is Botonic, and how does it differ from other GPT tools like Chat GPT?

    -Botonic is a tool for creating custom GPT bots that is more comprehensive and user-friendly than Chat GPT. It allows for free sign-up without a premium subscription, embedding bots on websites or messaging platforms, and access to analytics for bot interactions.

  • Can you provide an example of how a custom GPT bot could be used on a fitness website?

    -A custom GPT bot on a fitness website could ask customers a series of questions to guide them towards the right service or class based on their needs. For instance, it could help differentiate between beginner, intermediate, and online class options.

  • How long does it typically take to create a custom trained GPT bot using Botonic?

    -With Botonic, a custom trained GPT bot can be created in less than 5 minutes, provided the use case is clear and the necessary data is readily available for training.

  • What are some methods to share or embed a custom GPT bot created with Botonic?

    -A custom GPT bot can be shared through a public link provided by Botonic, embedded on a website using a simple HTML code snippet, or integrated with business platforms like WhatsApp or Messenger through the integration options available in Botonic.

Outlines

00:00

🚀 Introduction to Custom GPTs and Monetization Opportunities

The video script introduces the concept of custom GPTs (Generative Pre-trained Transformers), which are specialized versions of the original GPT designed to perform specific tasks or meet individual requirements. OpenAI's introduction of the GPT store has created a marketplace for these custom models, opening up numerous possibilities for creators to showcase their creations and potentially earn significant income. The script outlines the ease of learning how to create these models and the potential for monetization through the GPT store, which includes a revenue program based on user engagement. It also mentions alternative ways creators can earn money, such as selling models to brands, developing apps, offering consulting services, and freelancing. The video promises to teach viewers everything they need to know to start creating and profiting from custom GPTs.

05:01

📚 Essential Skills for Creating and Monetizing Custom GPTs

This paragraph emphasizes the importance of understanding the market and identifying specific use cases for custom GPTs to solve real problems. It discusses the necessity of data sourcing, preparation, and training to ensure the effectiveness of the GPT, highlighting the importance of having a clean and relevant dataset. The script also covers prompt engineering, which involves training the GPT to understand human language and respond naturally. Custom actions, which allow the GPT to perform tasks beyond chatting, are explained, along with the need for marketing skills to promote the GPT and stand out in the marketplace. The paragraph concludes by introducing Bot Sonic as a user-friendly alternative to Chat GPT for creating custom GPT bots.

10:02

🛠 Creating a Custom GPT Bot with Bot Sonic: A Step-by-Step Guide

The final paragraph provides a step-by-step guide on creating a custom GPT bot using Bot Sonic. It begins by explaining the importance of defining a clear use case for the bot, such as guiding customers to the right service on a fitness website. The script then walks through the process of training the bot with custom data, customizing its appearance, and testing its responses. It also covers how to share the bot with others through a public link, embed it on a website, or integrate it with business platforms like WhatsApp or Messenger. The paragraph concludes by recommending an upgrade to a paid plan for additional features and ease of use, and encourages viewers to try Bot Sonic for free and share their ideas for custom bots in the comments.

Mindmap

Keywords

💡GPTs

GPTs, or Generative Pre-trained Transformers, are a type of AI technology that can generate human-like text based on given prompts. In the context of the video, GPTs are custom versions of the original model, designed to perform specific tasks or meet individual requirements by being pre-trained with user-provided data. The script mentions that over 3 million GPTs have been created for various use cases, indicating the broad applicability and customization potential of this technology.

💡GPT Store

The GPT Store is introduced as a marketplace for custom GPTs, allowing creators to showcase and monetize their AI creations. It serves as a platform where developers and creators can list their GPTs, making them accessible to a wider audience. The video emphasizes the GPT Store's role in opening up new possibilities for monetization and recognition of AI models, akin to an 'app store for AI'.

💡Custom GPTs

Custom GPTs refer to GPT models that have been trained on specific datasets to cater to particular use cases or solve specific problems. The script provides an example of a travel website using a custom GPT to curate personalized item duties based on user inputs, demonstrating how these models can be tailored to understand and respond to user queries in a contextually relevant manner.

💡GPD Builder Revenue Program

The GPD Builder Revenue Program is a concept mentioned in the script as a potential monetization strategy for creators of custom GPTs. OpenAI is said to be working on this program, which would pay creators based on user engagement with their GPTs. Although the exact criteria and payment structure are not disclosed, the script likens it to a Spotify-like model where creators are compensated based on engagement rates.

💡Market and Use Case Research

Market and use case research is identified as a crucial skill for creators looking to develop successful GPTs. It involves understanding the target audience, identifying gaps in existing solutions, and determining how a GPT can address those needs. The script emphasizes the importance of this research in carving out a niche for a GPT and making it appealing to the intended audience.

💡Data Sourcing, Preparation, and Training

This concept encompasses the process of finding, cleaning, and preparing data for training a GPT. The effectiveness of a GPT is directly related to the quality of its training data. The script illustrates this by comparing it to having the right ingredients for cooking a meal, highlighting the significance of data quality in determining the value and performance of a GPT.

💡Prompt Engineering

Prompt engineering is the skill of formulating instructions or questions for a GPT in a way that elicits the desired response. It involves understanding natural language processing (NLP) and training the model to interpret and generate human-like language. The script mentions that how prompts are framed can significantly impact the quality of the GPT's responses, making it a vital skill for creating effective AI interactions.

💡Custom Actions

Custom actions refer to teaching a GPT to perform tasks beyond simple chat interactions, such as coding, problem-solving, or designing videos. The script explains that this is achieved during the training process by providing the GPT with examples and data related to specific problems, enabling it to learn and solve those problems effectively.

💡Marketing

Marketing is highlighted as a critical skill for promoting GPT creations and ensuring they reach the intended audience. With millions of GPTs available, effective marketing is essential for standing out in the GPT Store. The script suggests various marketing strategies, including social media, forums, influencer marketing, and PR, to increase visibility and revenue.

💡Bot Sonic

Bot Sonic is presented as a preferred tool for creating GPT bots, offering a more comprehensive and user-friendly alternative to Chat GPT. The script praises Bot Sonic for its free starter option, the ability to embed bots on websites and messaging platforms, and access to analytics. It also provides a step-by-step guide on creating a custom GPT bot using Bot Sonic, demonstrating its ease of use and functionality.

Highlights

OpenAI introduced the option to create custom GPTs in November 2023, leading to over 3 million GPTs being created for various use cases.

The GPT store was launched as a marketplace for custom GPTs, providing opportunities for creators to showcase and monetize their creations.

Generative Pre-trained Transformers (GPTs) are custom versions of GPT designed for specific tasks or individual requirements.

GPTs can be pre-trained by inputting data to respond in particular ways, such as curating personalized travel itineraries.

The GPT store has become a haven for developers and creators, allowing them to list their GPTs and gain recognition.

Creators can make money through the GPT Builder Revenue program, which is based on user engagement with their GPTs.

US creators are expected to initially share in OpenAI's revenue, which stands at $1.6 billion a year.

Creators can also make money by selling GPT models to brands, firms, and other creators, or by developing and selling apps using GPT models.

Offering consulting services to brands and firms looking to create their own GPT models is another revenue stream for creators.

Freelance gigs such as content creation and chatbot building are additional ways creators can leverage their GPT skills.

The GPT space is ripe for growth, offering opportunities for creators with various expertise to generate income creatively.

Market and use case research is essential for understanding audience needs and solving existing problems with GPTs.

Data sourcing, preparation, and training are crucial for the effectiveness of a GPT, determining its value in the market.

Prompt engineering involves training the GPT to understand human language and respond naturally, enhancing user experience.

Custom actions teach the GPT to perform tasks beyond chatting, such as coding, problem-solving, or video designing.

Marketing is vital for promoting GPT creations and ensuring they stand out among the millions available on the GPT store.

Bonic is a preferred tool for creating GPT bots due to its ease of use, free start, and additional functionalities like analytics.

Creating a custom GPT bot with Bonic involves signing up, defining use cases, training the bot with data, and customizing its appearance.

Bots created with Bonic can be shared via a public link, embedded on websites, or integrated with platforms like WhatsApp or Messenger.

Upgrading to a paid plan with Bonic offers more integration options and ease of use for creators looking to expand their GPT offerings.