- Jackson Greathouse Fall asked ChatGPT to turn $100 into “as much money as possible.”
- In less than a week, Greathouse Fall launched a website about its eco-friendly products. It closed a month later.
- Here's how he started his business using ChatGPT and other AI tools.
Since OpenAI's ChatGPT went live last November, employees including developers and real estate agents have been using AI tools to help them do their jobs.
One user tried to turn Prompt into riches, but didn't have as much success as he had hoped. In March, brand designer and writer Jackson Greathouse Fall said: posted on twitter To share the prompts he gave to the chatbot.
“You have $100. Your goal is to turn it into as much money as possible in the shortest possible time without doing anything illegal,” Greathouse Fall wrote. He added that he would be his “human counterpart” and do whatever was necessary. The chatbot instructed him to do so.
After many more queries, the bot directed Greathouse Fall to start a business called Green Gadget Guru, which provides products and tips to help people live more sustainably.
Thanks to ChatGPT and other AI tools such as the image generator DALL-E, Greathouse Fall said he was able to raise $1,378.84 for his company in just one day, but Insider cannot confirm that amount. was. According to one source, the company was valued at $25,000 as of mid-March. Great House Fall Tweet. The following Monday, he said his business made $130 in revenue, but Insider could not confirm that amount or how he generated that revenue.
He also used AI to build a professional website for his business. At the time, his website included mock products such as eco-friendly gadgets and sustainable kitchenware.
He said he would be open to manufacturing products for a commission or selling existing products based on the chatbot's instructions.
“We are actively seeking partnerships to sell some of these products,” he told Insider in an email in March.
As of March 15, he said he was satisfied with the results.
“TLDR I’m going to be rich soon.” he tweeted.
Since Greathouse Fall's first tweet in mid-March; Posts have piled up Over 100,000 likes and over 20 million impressions. He talks about his venture on a podcast. Started a community on Discord.
Even though he drew attention to his business, his efforts did not go as planned. On April 12th, almost a month after his first post, Greathouse Fall tweeted that he was discontinuing Green Gadget Guru. To focus on building his Discord community. The site does not appear to have any actual products for sale, and as of March it was mostly filled with dummy text, but it is now inactive.
Still, the Great House Fall experiment is just one example of how people are turning to generative AI to make money.
Here's how Greathouse Fall used AI to launch its business in one day.
ChatGPT provided a four-step plan to get Green Gadget Guru off the ground and asked Greathouse Fall to keep him updated on his progress. He was able to perform all four of his steps in one day.
Step 1: “Purchase a domain and hosting”
First, ChatGPT suggested that you should purchase a domain name for your website for about $10 and a site hosting plan for about $5 per month. Total cost will be $15.
Step 2: “Set up a niche affiliate website”
ChatGPT suggested that I spend the remaining $85 of my budget on website and content design. He said the company should focus on “highly profitable niche markets with less competition,” listing options such as specialty kitchenware and unique pet products. He chose environmentally friendly products.
The chatbot asked him to create an affiliate website (a site that promotes products in exchange for a sales commission) and told him to look into affiliate programs with high commission rates.
From there, ChatGPT suggested the domain name EcoFriendlyFinds.com. However, Greathouse Fall learned that it would cost $848 to acquire a domain name, so he suggested GreenGadgetsGuru.com as a more affordable domain name. He said he bought it for $8.16 and spent $29 on site hosting, leaving his remaining budget at $62.84.
Step 3: “Utilize social media”
Once you have created your website, ChatGPT recommends that you should share articles and product reviews on social media platforms such as Facebook and Instagram and online community platforms such as Reddit to attract potential customers and increase website traffic. I suggested it.
He also asked the chatbot to help him create a logo for his website by asking for prompts that he could input into the AI image generator DALL-E 2. He took the generated logo and created his own using Illustrator.
Once that was done, he said he had ChatGPT write the site's first article, which cited genuine sustainable products like Yihong's reusable metal straws. The template for that article, “10 eco-friendly kitchen gadgets,'' was uploaded to his now-defunct website.
Then, following the chatbot's recommendations, they spent $40 of their remaining budget on Facebook and Instagram ads to target users interested in sustainability and eco-friendly products.
Step 4: “Optimize for search engines”
Step 4 was to use SEO techniques to drive traffic to the site and “optimize it for search engines.” In addition to writing SEO-friendly blog posts, he decided to launch the site to generate some publicity, even though there was still a lot of work to do.
result?
By the end of the first day, he said he had secured 500 dollars In investment. Great House Fall has not disclosed its investors, but he tweeted He said his “DMs are flooded” and that he “doesn't intend to take on any more investors unless the terms are very favorable.”
Five days later, on Monday, he tweeted to his followers that he would be updating his “HustleGPT Journey” every day for 30 days.
“I think we're going to see a huge boom in AI-assisted and even AI-driven (!!!) businesses in the coming months,” he told Insider.
Are you using ChatGPT to save time or make money? Share your story with our reporters at jzinkula@businessinsider.com and amok@businessinsider.com.
