I Built A Business With ChatGPT AI And Made $$$! (48h Challenge)

10X INCOME
19 Feb 202308:12

TLDRIn this video, the creator challenges himself to build an online business using AI, specifically chat GPT, to develop a digital product—a printable planner—and tests its success through paid advertising. The creator upgrades the planner by pairing it with an AI-generated ebook on habits, 'Four Weeks to a Better You,' and designs a simple yet effective online store using Shopify. After running targeted ads on Facebook and Instagram, the initial results show promise with a few sales, despite not yet being profitable. The creator is optimistic about the potential for growth and improvement over time.

Takeaways

  • 🚀 The challenge was to build an online business using AI and test its success through paid ads.
  • 📈 The creator used AI to generate a digital product, a printable planner, and later expanded it with an eBook on habits.
  • 📚 The eBook's outline and content were generated by the AI, showcasing its capabilities in content creation.
  • 💡 The AI also assisted in naming the eBook and creating a tagline, 'Four Weeks to a Better You', and 'Unlock Your Potential'.
  • 🎨 The eBook cover and online store design were created using Canva, emphasizing simplicity and effectiveness.
  • 🛒 A landing page was built on Shopify to sell the digital products, focusing on converting visitors into customers.
  • 📊 Facebook and Instagram ads were used to drive traffic to the online store, with a budget set for each ad set.
  • 📈 Initial results were promising, with products added to carts, reaching checkout, and resulting in sales despite no profit yet.
  • 🔍 The creator plans to use the data collected from the ads to improve the store and ad creatives for better results.
  • 📝 The series will continue, with the creator suggesting that future steps will be more challenging for competitors to replicate.
  • 📌 The creator encourages viewers to comment, like, and subscribe to follow the progress of the AI-powered business.

Q & A

  • What was the main challenge the speaker set for themselves?

    -The speaker challenged themselves to build an entire online business using chat GPT and test the power of AI by running paid ads to see if a product created with AI assistance could succeed.

  • How did the speaker use chat GPT to create digital products?

    -The speaker used chat GPT to generate an outline structure for an eBook about habits, and then copied and pasted the content from the chatbot to create the full eBook.

  • What additional value did the speaker add to the printable planner?

    -The speaker decided to add an eBook about habits to the printable planner to make it more interesting and valuable to potential customers.

  • How did the speaker come up with the name and tagline for the eBook?

    -The speaker asked the chatbot for suggestions and chose 'Four Weeks to a Better You' as the title and 'Unlock Your Potential' as the tagline from the options provided.

  • What design elements did the speaker use for the eBook cover?

    -The eBook cover design included the tagline at the top, followed by the book title, and an illustration representing the content.

  • How long did it take the speaker to create the eBook using chat GPT?

    -It took the speaker only 15 minutes to copy and paste all sections from chat GPT into Canva and have the eBook ready.

  • What was the speaker's strategy for building the online store?

    -The speaker used a landing page on Shopify, which included a simple page with necessary elements to help turn visitors into customers, such as a headline, product image, testimonials, and a problem-solution section.

  • Which platforms did the speaker use to run ads for the product?

    -The speaker ran ads on Facebook and Instagram to test the product.

  • What was the outcome of the first two days of running ads?

    -In the first two days, the ads resulted in 200 clicks, 8 items added to cart, 8 reaching checkout, and two purchases. However, there was no profit made during this initial testing period.

  • What is the speaker's perspective on the success of the challenge?

    -The speaker does not consider the challenge a failure, as they believe the ads will collect more information over time, improving the results, and with potential changes to the website and ad creatives, the store could become profitable.

  • What is the speaker's next step after the initial testing?

    -The speaker plans to continue the series, making it harder for YouTube competitors to copy, and is open to feedback from viewers on whether to proceed with the series.

Outlines

00:00

🚀 Building an Online Business with AI

The creator challenges themselves to build an online business using AI, specifically chat GPT, to test the potential of AI in product creation and marketing. They share their positive results and thank their audience for their support. The video outlines a plan to upgrade a digital product, create a high-converting online store, and launch paid ads to attract customers. The creator uses AI to generate an ebook outline, content, and even a name and tagline for the product. They also design the book cover and product image using Canva and Photoshop, and then build a landing page on Shopify to sell the ebook and printable planner combo.

05:01

📈 Testing the AI-Created Product

The creator runs a sales campaign on Facebook and Instagram to test the AI-created product. They target self-development enthusiasts in top five countries and set a budget for the ads. The first day exceeds expectations with added to cart, reach checkout, and a sale. The creator is excited about the initial success, indicating that the AI-assisted product could be viable. After two days, the campaign results in clicks, added to cart, reach checkout, and two purchases, despite not making a profit yet. The creator considers the challenge a success and plans to continue the series, inviting viewers to share their thoughts in the comments.

Mindmap

Keywords

💡Chat GPT

Chat GPT refers to an AI language model that assists in generating human-like text. In the video, it is used to create digital products and content for an online business. The AI's capabilities are showcased by generating an ebook outline, content, and even suggesting a product name and tagline, demonstrating its utility in content creation and business development.

💡Online Business

An online business is a commercial enterprise conducted over the internet. The video's main theme revolves around building such a business using AI assistance. The creator challenges themselves to develop a business model around a digital product, which includes a printable planner and an ebook, and tests its success through paid advertising.

💡Digital Products

Digital products are intangible goods that can be delivered electronically, such as ebooks, software, or printable planners. In the context of the video, the creator uses AI to generate a digital planner and ebook, which are then sold online. These products are chosen for their low overhead and ease of distribution, making them ideal for an online business model.

💡Paid Ads

Paid ads are a form of online advertising where businesses pay to have their ads displayed to a targeted audience. The video discusses the use of paid ads on platforms like Facebook and Instagram to attract potential customers to the online store. The effectiveness of these ads is tested to determine the potential success of the AI-assisted product.

💡Ebook

An ebook is a digital version of a book that can be read on electronic devices. In the video, the creator decides to create an ebook about habits to complement the printable planner, aiming to add value to the product offering. The ebook is generated with the help of AI, from the outline to the final content, showcasing the AI's capability in content creation.

💡Landing Page

A landing page is a standalone web page, created specifically for the purpose of marketing or advertising a particular product or service. In the video, the creator designs a landing page on Shopify to sell the digital products. The landing page includes elements like headlines, product images, testimonials, and a call to action, which are crucial for converting visitors into customers.

💡Social Proof

Social proof is a psychological phenomenon where people conform to the actions of others under the assumption that those actions are reflective of the correct behavior. In marketing, this concept is used to build trust and credibility. The video mentions including testimonials on the landing page to add social proof and make potential customers feel more connected to the product.

💡Conversion

Conversion in marketing refers to the process of turning a potential customer into an actual buyer. The video focuses on creating a high-converting online store by optimizing the landing page with persuasive elements. The creator tracks conversions through added to cart and checkout metrics to measure the success of the online business.

💡Tagline

A tagline is a memorable phrase used in marketing to communicate a unique selling proposition or the essence of a brand. In the video, the AI generates several tagline options for the ebook, and the creator selects 'Unlock Your Potential' to make the book more appealing and to entice readers to engage with the content.

💡Content Creation

Content creation involves the development of various forms of content to engage and inform an audience. The video demonstrates content creation through the AI's assistance in generating an ebook's outline, content, and even the design elements for the book cover. This process is central to the online business strategy, as quality content is key to attracting and retaining customers.

💡AI Assistance

AI assistance refers to the use of artificial intelligence tools to aid in tasks, such as writing, designing, or strategizing. In the video, AI is used extensively to streamline the process of building an online business, from product creation to marketing. The AI's role in this process highlights the potential of AI in modern business practices.

Highlights

The challenge is to build an online business using AI and test its success through paid ads.

Positive feedback from the first part of the series encourages the continuation of the project.

Using AI to create digital products, specifically a printable planner as an example.

The plan to upgrade the product, create a high-converting online store, and launch paid ads.

Creating an eBook about habits to add value to the printable planner.

Chatbot generates an outline structure for the eBook in seconds.

The eBook is named 'Four Weeks to a Better You' after receiving ten options from the chatbot.

The tagline 'Unlock Your Potential' is chosen for the eBook cover.

Designing the eBook cover using Canva with a simple yet effective design strategy.

The eBook content is created by copying and pasting sections from the chatbot.

Building an online store through a landing page on Shopify.

The landing page includes essential elements to convert visitors into customers.

Running Facebook and Instagram ads to test the product with a budget of 63 Euros per day.

Achieving five adds to cart, five reach checkout, and one sale on the first day of the ad campaign.

After two days, 200 clicks on the ad, eight adds to cart, eight reach checkout, and two purchases.

The challenge is not considered a failure despite not making a profit in the first two days.

The expectation is that results will improve over time with adjustments to the website and ad creatives.

The series will continue with more advanced strategies that will be harder for competitors to copy.

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