5 Ways To Use ChatGPT To Earn Passive Income
Written by
Marc Guberti
Edited by
Rebekah Evans
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ChatGPT can perform various tasks and make valuable information more accessible. While everyone has access to the same tool, you have to ask the right prompts to generate revenue from this AI tool.
While it’s possible to find plenty of career paths and learn how to advance in each one through ChatGPT, the tool can also assist with passive income. These are some of the ways you can use to increase your income streams.
Write an E-book
ChatGPT makes it easier to create digital products, such as e-books. You can have ChatGPT create an outline and write your book from scratch. Then, you can list it on Amazon and start collecting passive income.
While it sounds simple, you still have to review the content to make sure it aligns with your voice. You will have to edit it and fact-check it as well since ChatGPT can sometimes produce “hallucinations.”
Create a Product Review
Some people make passive income by writing blog posts that cover products and include affiliate links. When someone buys the product through your affiliate link, you receive a commission.
Instead of writing these blog posts from scratch, you can ask ChatGPT to write a review for a product that you want to cover. ChatGPT will then provide a brief summary that you can edit.
You can go deeper into this review by asking ChatGPT to list the pros, cons, and key features of any product that you want to review in an article.
Create an Autoresponder
An autoresponder is an email sequence that automatically sends emails to new subscribers. It’s common for people to use these sequences to welcome people to their newsletter or training course.
You can use autoresponders to promote one of your products or services and generate passive income. Although ChatGPT won’t bring visitors to your opt-in, you can create the landing page and have ChatGPT create all of the emails that get sent on the backend.
Find the Best Dividend Stocks
You don’t have to do much work to make passive income. While the other prompts involve some work on your part before the passive income arrives, this prompt allows you to make instant passive income.
All you have to do is use the “best dividend stocks” prompt in ChatGPT and the AI tool will show you some of the top dividend stocks. You can even use the “best dividend growth stocks” prompt if you want to find stocks that have a chance of delivering higher returns.
Then, it’s a matter of deciding which dividend stocks make the most sense for you. After you invest in some of these stocks, you will receive regular dividend payments. Most stocks pay dividends once per quarter.
Top Passive Income Ideas
If you’re looking for more inspiration, you can ask ChatGPT to list some top passive income ideas. You will then receive a list of passive income ideas plus an explanation for each one.
You can then provide ChatGPT with additional prompts based on which passive income ideas you wish to pursue. Although some of the suggestions ChatGPT brings up may be familiar, it’s good to see passive income ideas multiple times. The extra reinforcement can give you the extra motivation to pursue new opportunities.
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