How To Get Rich With GPTs in 2024: Ultimate Guide For Beginners

The video offers a guide for beginners on leveraging custom GPTs to generate income in 2024. It explains how to create and sell GPT models, develop apps, and offer consulting services. The tutorial covers essential skills like market research, data preparation, prompt engineering, and custom actions. It also introduces Bot Sonic, a tool for building and embedding GPT bots on websites and other platforms, highlighting its ease of use and analytics features.

Takeaways

• 😀 OpenAI introduced the ability to create custom GPTs in November 2023, leading to over 3 million GPTs being created for various use cases.
• 🌟 The launch of the GPT store has provided 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 to perform specific tasks or meet individual requirements.
• 📈 Creators can monetize their GPTs through the GPT store by selling models to brands, developing apps, offering consulting services, or engaging in freelance work.
• 💰 OpenAI is developing a GPT Builder Revenue program that will pay creators based on user engagement, although the exact criteria and payment details are not yet disclosed.
• 🔍 Market and use case research is essential for understanding audience needs and identifying gaps in existing solutions that a custom GPT can fill.
• 📊 Effective GPT training depends on high-quality data sourcing, preparation, and training to ensure the GPT can respond accurately to user queries.
• 🗣️ Prompt engineering involves training the GPT to understand human language nuances, making it more natural and relatable in its responses.
• 🛠️ Custom actions teach the GPT to perform tasks beyond chatting, such as coding, problem-solving, or content creation, by training it on specific problem data.
• 📢 Marketing is crucial for promoting GPTs and ensuring they reach the target audience, with various strategies available from social media to PR.
• 🛠️ Botonic is a user-friendly tool for creating GPT bots, offering features like free sign-up, easy embedding on websites, and analytics.

Q & A

What is the significance of the GPT store introduced by OpenAI?

The GPT store is a marketplace for custom GPTs, allowing creators to showcase their creations and monetize them by solving specific use cases and problems, opening up endless possibilities for both creators and brands.

How can someone create a custom GPT without extensive learning?

One can create a custom GPT in a matter of minutes by using tools like Bot Sonic, which simplifies the process and allows for quick setup and training on specific data sets.

What are some of the potential ways to make money from the GPT store?

Creators can make money by selling GPT models to brands, developing and selling apps that use GPT models, offering consulting services, and taking on freelance gigs such as content creation or chatbot building.

What is the GPT Builder Revenue program?

The GPT Builder Revenue program is an initiative by OpenAI that aims to pay creators based on user engagement with their GPTs, although the exact criteria and payment details are yet to be disclosed.

How does the GPT store benefit from the leaderboards?

Leaderboards rank the popularity and usefulness of GPT models, helping users find the most effective and relevant models, and providing creators with a way to gain recognition and fame.

What are some of the skills required to create and market a successful GPT?

Key skills include market and use case research, data sourcing and preparation, training the GPT, prompt engineering, custom actions, and effective marketing to reach a specific target audience.

Why is Bot Sonic preferred over other GPT tools like Chat GPT?

Bot Sonic is preferred due to its ease of use, no requirement for a premium subscription to start, ability to embed the bot on various platforms, shareability through a simple link, and access to analytics for user 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, allowing users to interact with the bot directly on the site.

What is the process of creating a custom GPT bot with Bot Sonic?

The process involves signing up for a free account, using the Bot Builder to train the bot with custom instructions and data, testing the bot's responses, and customizing its appearance to match the brand's personality.

How can a custom GPT bot be shared with others?

A custom GPT bot can be shared by using a public link provided in the share option, or by embedding the bot on a website or integrating it with business platforms like WhatsApp or Messenger.

Outlines

00:00

🚀 Introduction to Custom GPTs and Monetization Opportunities

This paragraph introduces the concept of custom GPTs, which are specialized versions of the original GPT designed to perform specific tasks or meet individual requirements. OpenAI launched the GPT store as a marketplace for these custom models, providing opportunities for creators to monetize their creations. The video aims to teach viewers how to create their own custom GPTs and earn revenue from them, even without extensive prior knowledge. The paragraph also explains how GPTs work, their potential use cases, and the new possibilities opened by the GPT store, including the upcoming GPT Builder Revenue program and other monetization strategies such as selling models to brands, app development, and offering consulting services.

05:01

📚 Essential Skills for GPT Creation and Monetization

The second paragraph delves into the skills required to create and monetize GPTs effectively. It emphasizes 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 quality of the training data set determining the model's value. Prompt engineering and natural language processing (NLP) are discussed as key to making GPTs understand and respond to human language naturally. Custom actions, which involve teaching GPTs additional skills beyond chatting, are introduced, along with the significance of marketing in promoting GPTs to a wider audience. The paragraph concludes with a brief mention of using a tool called Botonic for GPT creation, which is more comprehensive and user-friendly than Chat GPT.

10:02

🛠️ Creating a Custom GPT Bot with Botonic

The final paragraph provides a step-by-step guide on creating a custom GPT bot using Botonic, starting with signing up for a free account and selecting the 'create a GPT bot' option. It explains the process of defining the bot's use case, training it with custom data, and personalizing its appearance to match a brand's identity. The paragraph demonstrates how to train the bot with a link to a fitness website, test its responses, and customize its settings. It also covers how to share the bot via a public link, embed it on a website, or integrate it with business platforms like WhatsApp or Messenger. The paragraph concludes by recommending an upgrade to a paid plan for additional features and ease of use.

Keywords

GPTs

GPTs, which stands for 'Generative Pre-trained Transformers,' are custom versions of the original GPT designed to perform specific tasks or meet the needs of individual users. In the context of the video, GPTs are used to create AI models that can respond to user queries in a tailored manner. For example, a travel website might use a custom GPT to suggest personalized weekend getaways based on user input.

GPT Store

The GPT Store is a marketplace introduced by OpenAI where custom GPTs can be listed and discovered by users. It serves as a platform for creators to showcase their AI creations and potentially monetize them. The store has made it easier for developers and creators to share their GPTs with a broader audience, similar to an 'app store' for AI models.

Custom GPTs

Custom GPTs refer to GPT models that have been trained on specific datasets to cater to particular use cases. These models are not generic but are tailored to solve real-world problems or provide specialized services. The video emphasizes the ease of creating such models without extensive learning, suggesting that even beginners can get involved.

User Engagement

User engagement in the video refers to how users interact with the custom GPTs on the GPT Store. It is a metric that OpenAI is considering for compensating creators through the GPT Builder Revenue program. Higher engagement rates could potentially lead to higher earnings for creators, similar to how artists are paid on platforms like Spotify.

Data Sourcing

Data sourcing is the process of finding and preparing the data that will be used to train a custom GPT. The quality of the GPT depends heavily on the relevance and cleanliness of the data. In the video, it is compared to having the right ingredients for cooking a meal, emphasizing its importance in determining the GPT's effectiveness.

Prompt Engineering

Prompt engineering involves training the GPT to understand and respond to human language effectively. It is about framing questions or instructions in a way that the AI can interpret and generate appropriate responses. The video mentions that the way prompts are structured can significantly affect the quality of the AI's output.

Custom Actions

Custom actions are additional skills or capabilities that a GPT is trained to perform beyond just processing text. These could include problem-solving, coding, or content creation. The video script illustrates this with the example of training a GPT to write creatively, which requires specific training on relevant data.

Marketing

Marketing is crucial for promoting custom GPTs and ensuring they reach the intended audience. The video discusses various marketing strategies, including social media, forums, influencer marketing, and PR, to increase the visibility and adoption of GPTs on the GPT Store.

Botonic

Botonic is an alternative tool to GPT mentioned in the video for creating custom GPT bots. It is highlighted for its ease of use, the ability to embed bots on websites or messaging platforms, and the availability of analytics. The video provides a step-by-step guide on using Botonic to create a custom GPT bot.

Integration

Integration in the video refers to the process of embedding the custom GPT bot into various platforms such as websites, WhatsApp, or other marketing channels. It is a key feature of Botonic that allows creators to make their bots accessible to users across different mediums.

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 new 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 to user queries, such as curating personalized travel itineraries.

The GPT store has become a haven for developers and creators, allowing them to list their GPTs and gain recognition.

Creators can potentially make money from the GPT store through a revenue program based on user engagement with their GPTs.

Initially, only US creators are expected to share in the revenue from the GPT store, which stands at $1.6 billion a year.

Creators can also make money by selling GPT models to brands, firms, and other creators, or by developing and selling apps using GPT models.

Offering consulting services to brands and firms looking to create their own GPT models is another way for creators to generate income.

Freelance gigs, such as content creation and chatbot building, can be offered by creators who have found a product-market fit with their custom-trained models.

The growth of the GPT space offers opportunities for creators with various expertise to make money in creative ways.

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 the GPT's value.

Prompt engineering involves training the GPT to understand instructions in 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 making a GPT stand out in the GPT store, with strategies ranging from social media to influencer marketing and PR.

Botsonic is a tool that allows for the easy creation of custom GPT bots, offering features like free sign-up, embeddability on websites, and analytics.

Creating a custom GPT bot with Botsonic involves defining the use case, training the bot on specific data, and customizing its appearance and functionality.

Once a custom GPT bot is created, it can be shared through a public link, embedded on a website, or integrated with business platforms like WhatsApp or Messenger.