Everyone is talking about ChatGPT and how to make money from it.
But there are 3 Proven Ways; I didn’t find anyone one has mentioned (till the time I am writing this post).
I am not here to tell you to create a blog with AI content or generate and sell sales copies. No, I am here to talk about 3 Ways I tested that can help you build a stable passive income stream online with the Help of ChatGPT.
And what is awesome is that you need $0 Investment! You can start for free.
Let’s Dive in 🚀
#1 Create and Sell an API with a Recurring membership.
What is an API?
API Stands for Application Programming Interface (No need to know this 😅)
Let’s Make things as simple as possible.
API allows programmers to interact with a specific platform from their custom application (code).
For example, suppose a programmer wants to develop social media management software like Buffer or Hootsuite.
In that case, he will need to access Facebook, Twitter, Pinterest, and other platforms directly from his code to publish, schedule, read analytics, and do other stuff.
But this is not possible by default because if you want to post on social platforms, you must use their interface. So what to do??
Here, the API solves this issue and acts as a gateway between the programmer and the target platform.
So, Facebook, for example, allows programmers to access Facebook through Facebook API., and so for Twitter, Pinterest, Google, and All other platforms.
I think that’s enough; I hope you got the Idea behind APIs 😊
Now you know what an API is, let me show you how to create and sell one with ChatGPT!
🤖 Create the Quotes Generator API
Open ChatGPT and ask it to create the API:
Copy the code, create a new .NET Core API project with Visual Studio, create a new controller, paste the code, and Voila!
Do you want the source code? Click here ⬅️
🤖 Where to Host and Publish the API for free?
Let’s ask ChatGPT!
🤖 Where to Sell?
In my case, I publish my APIs on RapidAPI, one of the top API Marketplaces out there.
Do you want the code the API in a different language?
You can play with ChatGPT to get what you want, but the problem is with the Idea! Where to find the best API ideas that developers will buy.
💡 Some Inspirations
1/ API Market Places
You can check the top API marketplaces to get some ideas; here are some of the leading API marketplaces that you can explore:
- RapidAPI: RapidAPI is a platform that allows developers to discover and connect to thousands of APIs. It offers various APIs in various categories, including finance, health, and media.
- Postman API Network: The Postman API Network is a collection of APIs from leading companies, available for testing and integration. It includes APIs from companies such as PayPal, Microsoft, and Google.
- ProgrammableWeb: ProgrammableWeb is a directory of APIs that provides information on APIs and the companies that provide them. It allows developers to search for APIs by category and provides tools for testing and integrating APIs.
2/ Ask ChatGPT!
🤖 We have ChatGPT; let’s ask!
3/ API Arbitrage
This is as simple as reselling an API for a Hire price. For example, you can find APIs on RapidAPI with unlimited plans, create an API around it, and sell it for another price on a different platform.
Or combine multiple APIs to provide better outputs and different API endpoints.
“Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. It seemed obvious to them after a while.” — Steve Jobs
4/ Utilize an API to create Another
For example, you can use Google SERP API to create a Keyword Tracking API, top-ranking keywords API, and so on.
Use Your Imagination!
“Everything you can imagine is real.” — Pablo Picasso
#2 Create Something More Interesting!
Instead of a silent API! We can create something more interesting.
Build a tools website that can be monetized in more than 10 ways!
Examples of tools websites:
🤖 Let’s Create a simple Word Counter with ChatGPT!
Do you want the full source code? Click here ⬅️
I played with ChatGPT and developed multiple tools in less than an hour. In 1 week, you can create something that can stand out!
How to compete against tools sites!
When I published H-supertools years ago, I grew it to 5K Views per day in less than 5 months.
Let me share with you some ideas:
1/ Do “Top Keyword” Competitor research!
Study other tool websites in your niche and analyze what keywords they are ranking for; you can do this using Keyword tools like Semrush or ubbersuggest.
For example, one of my competitors is Smallseotools. I put in ubbersuggest keywords by traffic tool, and I get something like this:
You can see, I can find low-difficulty keywords that I can rank fast with if I build a tools website based on it.
There you will find many tool sites, but paid ones. You can skim and check if you can create similar tools or a free lite version of this tool.
Monetize the Website
Like any website, you can monetize a tools website in several ways; here are some:
- Ad Spaces can be through Ad Networks or by selling Ad spaces directly
- Affiliate marketing: If you want to see a real case study I did three months ago, you can check this complete video on how I built a tools website and automated it with affiliate links.
- You are promoting your products and services.
3/ Talk about your tools on Medium, Reddit, and Twitter
4/ Use the top traffic strategies that helped me grow to 100K visitors/month.
#3 Sell Mini JS Files
For Example, Look at these Floating Sharing buttons on my website:
This is a script I bought from codecanyon for $7
It is a simple JS file. And you can sell the same!
🤖 I tried it; I just made something similar with ChatGPT and added it to my word counter tool!
Do you want the full source code? Click here ⬅️
🟥 Warning! Don’t Do this (Important) ⚠️
although ChatGPT and AI are super powerful and help us build income streams online and a lot of other tasks. But!
If you rely on it, you will kill your brain and creativity. So use it as an assistant. And follow the Polygon formula to adapt and stay safe in the AI era.
Learn more about how ChatGPT can affect you and how to utilize the Polygon Formula in this video:
https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FXjNM1bitwAQ&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DXjNM1bitwAQ&image=http%3A%2F%2Fi.ytimg.com%2Fvi%2FXjNM1bitwAQ%2Fhqdefault.jpg&key=a19fcc184b9711e1b4764040d3dc5c07&type=text%2Fhtml&schema=youtubeMy YouTube Channel
“Don’t watch the clock; do what it does. Keep going.” — Sam Levenson
If you have any questions, I am here to help, waiting for you in the comments section 🙂
Disclosure: Some external links in this post are affiliate links.
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