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How to use ChatGPT to earn money?

ChatGPT, the free chatbot released in November 2022 by artificial intelligence (AI) research company OpenAI, has taken the internet by storm. In its first months of existence, ChatGPT inspired users to imagine a host of use cases for the model, including using ChatGPT to negotiate parking tickets, make workout plans, and even create bedtime stories for children. Some artificial intelligence experts believe that ChatGPT could revolutionize both the way that humans interact with chatbots and AI more broadly.

What Is ChatGPT?

ChatGPT is a large language model chatbot developed by OpenAI based on GPT-3.5. It has a remarkable ability to interact in conversational dialogue form and provide responses that can appear surprisingly human.

Large language models perform the task of predicting the next word in a series of words.

Reinforcement Learning with Human Feedback (RLHF) is an additional layer of training that uses human feedback to help ChatGPT learn the ability to follow directions and generate responses that are satisfactory to humans.

How does ChatGPT work?

ChatGPT works by attempting to understand your prompt and then spitting out strings of words that it predicts will best answer your question, based on the data it was trained on.

Let’s actually talk about that training. It’s a process where the nascent AI is given some ground rules, and then it’s either put in situations or given loads of data to work through in order to develop its own algorithms.

GPT-3 was trained on roughly 500 billion “tokens,” which allow its language models to more easily assign meaning and predict plausible follow-on text. Many words map to single tokens, though longer or more complex words often break down into multiple tokens. On average, tokens are roughly four characters long. OpenAI has stayed quiet about the inner workings of GPT-4, but we can safely assume it was trained on much the same dataset since it’s even more powerful.

Benefits of ChatGPT

As mentioned, there are numerous potential uses for ChatGPT. They range from more direct, chatbot-type functions to much more obscure applications, and it is likely that users will explore a host of other possible ways to utilize this technology in the future, including in search engines.

While chatbots have existed for many years, ChatGPT is viewed as a significant improvement in the intelligibility, fluidity, and thoroughness of prior models. One demonstration of the sophistication of ChatGPT provided by OpenAI includes a prompt that was designed to trick the bot: asking about when Christopher Columbus (supposedly) came to the United States in 2015. ChatGPT’s response easily avoided the trap, clarifying that while Columbus did not come to the U.S. in 2015, it can posit some of the ways he may have reacted to his visit if he had.

How to use ChatGPT to earn money?

Immediately after its launch, ChatGPT created a buzz all across the globe. OpenAI’s chatbot is massively used by people to seek answers to their questions and pass examinations. Many are even using it to learn cooking recipes and conduct interviews. The multi-tasking AI chatbot is also seen as a threat to the jobs of humans. Apart from its use to attain professional and academic success and satiate curiosity, here are some of the ways to earn money by using ChatGPT.

Write paid content

With the rising demand for well-crafted content for products, brands, and websites, people can use ChatGPT to create their content. They can simply ask the chatbot to give a response on the said content and then tweak the content to come up with the desired article.

Provide content editing service

In addition, to provide writing services, you can use the software to provide editing services. Articles, blog posts, and other written content can be easily edited by using ChatGPT.

Conduct research

Apart from writing on several issues, ChatGPT can be used to conduct research on various issues and topics. There is a need to understand the topic and ask appropriate questions to ChatGPT to get desired answers.

Affiliate marketing

People can also use ChatGPT to earn by using affiliate marketing. Affiliate marketing is one of the methods to sell products, services, and brands by promoting them on your content or platform and getting a commission from that platform. It is quite a time-taking process, and before using ChatGPT you need to choose your medium to build your audience, like article, audio, video, etc.

After deciding, you can use ChatGPT to get responses for your articles. For videos and audio, you can get some best ideas to work on by asking the AI chatbot to generate a thumbnail idea or title idea for your YouTube video or podcast.

Find keywords for SEO

You can also provide Search engine optimization (SEO) services to other content-producing firms by asking for relevant keywords from ChatGPT. By giving the right directions, ChatGPT can be used to generate strong keywords, titles, and meta descriptions to increase the visibility of the content on the internet. You have to simply ask for suggestions on the title, intro, keywords, etc, for your desired topic from ChatGPT.

Become an online tutor

There are many tutorial websites that ask for the part-time job of answering questions asked by students related to their academic courses. With sound knowledge of any of the basic subjects, you can use ChatGPT to create answers to the questions asked by the students and then build your own answer and upload them on those tutorial websites.