How To Get Rich With GPTs in 2024: Ultimate Guide For Beginners
TLDRThe video offers a comprehensive guide on leveraging custom GPTs to generate income. It explains the concept of generative pre-trained Transformers and their potential for solving specific problems. With the launch of the GPT store, creators can monetize their models through user engagement, selling to brands, or offering apps and services. The tutorial covers essential skills like market research, data training, prompt engineering, and custom actions, emphasizing the importance of marketing for visibility. Viewers learn how to create a GPT bot using Bot Sonic, a user-friendly tool that allows for easy integration and customization.
Takeaways
- 😀 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, 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 needs, trained with user data.
- 🏪 The GPT store has become a hub for developers and creators, with leaderboards ranking the popularity and usefulness of GPT models.
- 💰 Creators can potentially earn money through the GPT store via a revenue program based on user engagement, though specific criteria are yet to be disclosed.
- 💼 Additional revenue streams include selling GPT models to brands, developing and selling apps using GPT models, and offering consulting services.
- 🛠️ Essential skills for GPT creators include market and use case research, data sourcing, preparation, training, prompt engineering, custom actions, and marketing.
- 🔍 Market research is crucial to understand audience needs and identify gaps in existing solutions that a GPT can address.
- 📈 Effective marketing is key to making a GPT stand out in the crowded GPT store and attract users for increased usage and revenue.
- 🛑 The script introduces Botonic as a user-friendly alternative to Chat GPT for creating custom GPT bots, offering free setup and various integration options.
- 📝 The process of creating a custom GPT bot with Botonic is outlined, from signing up for a free account to embedding the bot on websites or other platforms.
Q & A
What is the significance of the GPT store launched by OpenAI?
-The GPT store is a marketplace for custom GPTs, providing a platform for creators to showcase their creations and monetize them, opening up endless possibilities for both creators and brands.
How can individuals create and sell custom GPT models?
-Individuals can create custom GPT models trained on specific use cases, solve real problems, and sell these models to brands, firms, and other creators for a profit.
What is the GPT Builder Revenue program?
-The GPT Builder Revenue program is an initiative by OpenAI that intends to pay creators based on user engagement with their GPTs, although the exact criteria and payment details have not been disclosed.
How can creators make money from the GPT store aside from the Revenue program?
-Creators can make money by selling GPT models to larger entities, developing and selling apps that use GPT models, offering consulting services, and taking freelance gigs related to content creation and chatbot building.
What are some of the skills required to create and market a successful GPT?
-Essential skills include market and use case research, data sourcing, preparation and training, prompt engineering, custom actions, and marketing.
Why is the tool Botonic preferred over Chat GPT for creating custom GPT bots?
-Botonic is preferred due to its ease of use, no need for a premium subscription to start, ability to embed the bot on various platforms, and access to analytics for bot interactions.
How can a custom GPT bot be integrated into a website?
-A custom GPT bot can be integrated into a website by copying and pasting a provided embed code into the website's HTML code.
What is the process of training a custom GPT bot with Botonic?
-The training process involves uploading custom data, such as a link or a dataset in CSV/Excel format, and then using the 'train on your own data' option in Botonic to train the bot.
How can users test the functionality of a custom GPT bot created with Botonic?
-Users can test the bot by using the preview option in Botonic, where they can input questions and receive responses from the bot based on the trained data.
What are some ways to share a custom GPT bot created with Botonic?
-A custom GPT bot can be shared by using a public link provided by Botonic, embedding it on a website, or integrating it with business platforms like WhatsApp or Messenger.
Outlines
🚀 Introduction to Custom GPTs and Monetization Opportunities
The video script introduces the concept of custom GPTs, which are specialized versions of the original GPT designed for specific tasks or individual needs. Since OpenAI launched the option to create these in November 2023, over 3 million GPTs have been made, leading to the creation of the GPT store as a marketplace for these AI tools. The script highlights the potential for creators to earn significant income by developing GPTs that solve real-world problems. It emphasizes the ease of learning how to create these models and the various ways to monetize them, including through the upcoming GPT Builder Revenue program, selling models to brands, app development, and consulting services. The video promises to guide viewers through the process of creating their own custom GPTs.
📈 Skills Required for Creating and Monetizing GPTs
This paragraph delves into the skills necessary for creating and monetizing custom GPTs. It starts with the importance of market and use case research to understand audience needs and identify gaps in existing solutions. Data sourcing, preparation, and training are highlighted as crucial for the effectiveness of a GPT, with the training data set determining the AI's value. Prompt engineering and natural language processing (NLP) are discussed as key to making the GPT understand and respond in a humanlike manner. Custom actions, which involve teaching the GPT additional skills beyond chatting, are explained, along with the importance of marketing to ensure visibility and reach among the target audience. The paragraph concludes by emphasizing the need for a diverse skill set, including market research, data handling, NLP, custom actions, and marketing, to successfully create and monetize GPTs.
🛠️ Creating a Custom GPT Bot with BotSonic
The final paragraph provides a step-by-step guide on creating a custom GPT bot using BotSonic, an alternative to Chat GPT that offers free sign-up, easy integration, and analytics. The process begins with signing up for a BotSonic account and choosing to create a new GPT bot. The use case for the bot is clarified, and an example of a fitness website is given to illustrate how a bot can guide customers to the right service. The training process involves uploading data and customizing the bot's responses. Once trained, the bot can be tested, personalized, and shared via a public link or embedded on a website or messaging platform. The paragraph also mentions the option to upgrade to a paid plan for additional features and concludes by inviting viewers to test BotSonic and share their ideas for custom bots.
Mindmap
Keywords
💡GPTs
💡Custom GPTs
💡GPT Store
💡User Engagement
💡GPD Builder Revenue Program
💡Market and Use Case Research
💡Data Sourcing, Preparation, and Training
💡Prompt Engineering
💡Custom Actions
💡Marketing
💡Bot Sonic
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, offering opportunities for creators to monetize their creations.
Generative Pre-trained Transformers (GPTs) are custom versions of the original GPT, designed for specific tasks or individual requirements.
GPTs can be pre-trained by inputting data to respond in a particular way, such as curating personalized travel itineraries.
The GPT store has become a hub for developers and creators, allowing them to list their GPTs and gain recognition.
Creators can make money through the GPT store by selling their models to brands, developing apps, offering consulting services, or freelance gigs.
OpenAI is working on a GPT Builder Revenue program that will pay creators based on user engagement with their GPTs.
Initially, only US creators are expected to share in the OpenAI revenue, which stands at $1.6 billion a year.
Market and use case research is essential for understanding the audience's needs and identifying gaps in existing solutions.
Data sourcing, preparation, and training are crucial for the effectiveness of a GPT, as the quality of the training data set determines its value.
Prompt engineering involves training the model to understand human language and respond in a natural and relatable way.
Custom actions teach the GPT to perform tasks beyond chatting, such as coding, problem-solving, or designing videos.
Marketing is vital for promoting GPT creations and ensuring they stand out among the 3 million GPTs on the store.
Bonic is a more comprehensive and user-friendly tool than Chat GPT for creating custom GPT bots.
Bonic allows for free account creation without credit card information and offers embedding and sharing functionality.
Analytics are available for Bonic bots, providing insights into user interactions, unlike Chat GPT.
A step-by-step guide on creating a custom GPT bot with Bonic is provided, from signing up to integrating it on websites or platforms.
Customization options are available in Bonic to match the bot's look and feel with a brand's personality.
Bonic offers a free trial and a paid plan starting at $20 a month for enhanced features and integrations.