Here are some innovative ChatGPT business ideas to propel your business upwards!
ChatGPT, with its old and new revolutionary features, can fit into your business model the way you want! In fact, a lot of people have already started using ChatGPT to automate their business and generate revenue without investing a single dollar.
In this post, I have 13+ ChatGPT business ideas and tips for you to brainstorm and build a business on!
See how ChatGPT can be used to create content, translate languages, advise on finances, provide coding and customer services, and more.
I have covered ways you can use ChatGPT in your new and old business and start or run it at the minimal cost of $20/month (with ChatGPT Plus) or with just the free version.
So, with that, let’s get into the details of it.
Future of ChatGPT and its leverage for business!
In 2024, if you don’t harness the power of AI in your business operations, you are probably on the verge of being left behind. The world is moving ahead with AI, and it’s moving fast!
Imagine the launch of a television, the Internet, mobile phones, or an iPhone, which had an impact on the daily lives of humans. Artificial Intelligence is the next big thing that’s going to change the world and also how businesses run.
If an AI can do a better job than 5 employees, you ought to rethink things as a business owner. ChatGPT is one such AI that can substitute and automate common tasks that take more time than humans.
Large corporations have already integrated AI into their workflows, and it’s your time now!
Don’t believe me? Let numbers speak for themselves. Explore ChatGPT statistics to learn how this revolutionary tool is breaking barriers and making things easier!
Here’s your first business idea – Use ChatGPT! Use it to work according to your schedule and make more money for a much smaller investment.
13+ Unique ChatGPT Business Ideas + Tips To Start
Now, getting to the main crux of it, below are the ways that you can get started with a ChatGPT and AI-powered business.
These business ideas cover both – new and experienced entrepreneurs looking to integrate AI into their respective new or old businesses. Use ChatGPT to generate content, translate, get financial advice, write code, and more!
You can start these businesses or use ChatGPT in the ways below by using advanced prompting, custom GPTs, and plugins!
- Content creation
- Personal assistant
- Language translator
- Buying or Procurement
- Financial advisor
- Coding services
- Social media manager
- Education assistant
- Legal advisor
- Customer support
- Travel assistant
- Recruiting assistant
- Courses and eBooks
- API integrated business
Head to this link that will take you to all the available GPTs for a ChatGPT user.
Take inspiration from these and experiment with them in your own way. Let’s get started!
1. Content Creation
When thinking about business ideas that one can start with the help of ChatGPT, the first and foremost idea that pops up in my mind is content creation.
ChatGPT is one of the best tools for generating short-form and long-form content. The most capable OpenAI language model – GPT 4, can help write persuasive, informative, and enticing content in a flash.
Further, with the addition of internet access in the ChatGPT, the chatbot will be able to generate the latest and most updated content. Here are the types of content that you can generate using ChatGPT for your business:
- Blog posts
- Social media captions
- Product descriptions
- Video scripts
- Advertising copies
- SEO optimizes content
- Write product descriptions (for e-commerce entrepreneurs)
Other than these primary content types, ChatGPT can be used to summarize, review, edit, and improve any sort of written content!
This ability to generate and curate written content can allow you to produce content in volume with precision with very little time taken.
2. Personal Assistant
ChatGPT can be used to develop a personal assistant that businesses can use to manage their schedules and meetings, help them respond to emails, and remind them of the events beforehand.
You can create your own personal assistant by creating a personal assistant GPT. Refer to the steps mentioned, and create your own GPT that will simplify your daily administrative tasks.
ChatGPT, as a personal assistant, can:
- Reply to emails quickly and effectively.
- Help you plan and make itineraries for your business trips and travel.
- Summarize your business meetings or help prepare for a presentation.
- Analyze large numerical data from files or images.
- Help make complex economic, organizational, and moral decisions.
3. Language Translator
ChatGPT is mainly used in the English language. However, it supports over 26 languages and can translate any language into another. The Chatbot also has the ability to teach the supported language to the users.
For a professional translator offering selective language translation, ChatGPT can provide translating abilities to a larger number of languages.
Meanwhile, GPT 4 alone cannot translate documents and images. There are GPTs available on the GPT store that include pre-made GPTs, which can transcribe an attached image or document and translate it into the language of your choice.
While ChatGPT can now converse with a user using voice, it does not have the ability to live translate a voice input.
4. Buying Or Procurement Assistant
For any entrepreneur dealing with physical goods and services, buying inventory and stocks is highly important. Finding places to shop from can be difficult, especially if you are a new and aspiring business owner.
ChatGPT can be used to find areas that best sell the raw material you require, the ways to acquire it, and also the contact details for the supplier.
ChatGPT can also help you select the most ideal ways to select and verify a commodity and the “things to look out for.”
This ChatGPT business idea can be used by entrepreneurs and even suppliers and distributors serving customers.
5. Financial Advisor
ChatGPT provides one of the best financial advice in terms of wealth management that I have seen. It gets into the minute details of setting financial goals, tax planning, insurance coverage, etc.
Finance professionals or business advisors can use ChatGPT to get well-rounded information about a possible investment opportunity, guarding you against things that may have been overlooked.
Another financial ChatGPT business idea is for analyzing the stock market and tracking the progress of stock. As a professional stock broker or advisor, you can minimize the time taken to understand a stock’s potential.
There are custom GPTs available in the store already for this purpose. This eliminates the need for expensive financial advisors. However, the application GPT must be trained with significant data to make it accurate.
Sage advice: Please note that ChatGPT is known to make mistakes, and it is always advised to fact-check everything ChatGPT says, especially for financial and stock market-related information
6. Coding Services
Coding is a recent skill that ChatGPT has learned and is actually quite good at it. A website developer knows the pain of writing and fixing complex codes. There are AI website builders available, but to take the matter into your own hands, you can make use of ChatGPT.
For a businessperson who is into website building and willing to scale up the whole website setup, ChatGPT can be the best business partner for coding.
However, you must know programming to provide accurate prompts to the bot as it doesn’t generate the code within one go, and you will have to provide it with constant changes and additions. Hence, only after several prompts and trials, it will generate the required code.
ChatGPT can analyze, generate, visualize, and correct codes very well.
Prompting is the key to generating the most accurate code with ChatGPT.
7. Social Media Manager
ChatGPT is an excellent tool for managing your social media. It can help in creating a content calendar for a week, month, and even a year.
For a social media manager, this is the most painful task. To identify the days for potential high engagement and plan the content to be uploaded accordingly.
Even without special occasions, festivals, and events, ChatGPT plans an equally balanced calendar targeted to a specific audience and the type of account.
Additionally, users can generate engaging content with the help of ChatGPT for their social media platforms and brainstorm and find related content for it. This eventually saves time for social media marketers.
8. Educational Assistant
Based on over 175 billion parameters, ChatGPT has knowledge of pretty much everything. It can provide information or explain the concepts for any term or topic. ChatGPT also has the ability to solve logical questions and mathematical questions.
There are no limits to the assistance that ChatGPT can provide. For an educator and a tutor, explaining complex topics can be challenging. ChatGPT can simplify and break down the key points and put concepts across with examples.
As an education assistant, you can get better at teaching complex topics, understand the common concerns of students, and identify newer methods to develop your educational business using ChatGPT.
9. Legal Advisor
For legal professionals and firms, ChatGPT can be a huge help when it comes to providing basic legal information, research, analysis, and drafting. It can help you avoid scrolling hours of legal content and provide an intended result in a snap.
As it is a sensitive field, ChatGPT cannot be relied upon to pass judgments, as it lacks accuracy and nuance.
Yet, with its vast set of data that it has been built upon, the access to the internet, plugins, and custom GPTs, ChatGPT can help you get out of a fix quickly and can be a valuable asset for your legal firm.
10. Customer Support
E-commerce business owners can benefit the most by automating the responses to common customer queries. You can create a chatbot and integrate it into your website, and the parameters for it can be well-defined using ChatGPT.
A bad review can hamper the whole image of a brand or a product, and It is critical to address an unhappy or angry customer appropriately and quickly.
If your new business is missing a live chatbot, you can use ChatGPT to address frequent queries about your product and manage issues on social media and e-commerce platforms.
There are agencies working especially for customer resolutions and are using artificial intelligence for the same. To save your pocket, you can use ChatGPT as your “customer resolution expert” and retain more happy customers.
11. Travel Assistant
The travel industry has grown tremendously over the past years, and to keep up with the latest trends, businesses must provide personalized and better experiences to their users.
A popular plugin that I have used for personal needs is the “Kayak” plugin, which is part of the official ChatGPT plugins. It helps you book flights, stays, and rentals to curate an enriched travel experience.
If you’re a travel agency owner or agent, ChatGPT and its plugins can plan client trips smoothly and help your business make more profits.
12. Recruiting Assistant
ChatGPT as a business idea in HR is a great way to scale candidates. With GPT4’s ability to insert a document attachment in the prompt, a candidate’s CV can be scanned to make better recruiting decisions.
While filtering and selecting a candidate, ChatGPT can take multiple CVs at a time and help you sort them out to save manual work.
ChatGPT can further assist you in knowing the potential of the candidate for the open job position. While this may not be a direct business idea as such, this is definitely a time and effort-saver for anyone hiring.
13. Courses And eBooks
ChatGPT can be used to create ebooks and online courses to provide detailed information to seekers and enthusiasts.
ChatGPT can help you create the courses by providing a detailed breakdown of the course, the topics you need to cover, and the specifics of every topic.
Just as ChatGPT can take part in crafting a well-structured course, it can also write books. Maybe not in one go, but it can definitely write and generate chapters and sections.
14. API-integrated ChatGPT Business
To take a bigger leap, you can also create an API-based ChatGPT business. This has to be one of the businesses that companies are already adopting.
While this method involves a lot of technical knowledge and infrastructure, you can actually build your own product and business based on the Open AI GPT models.
Some live examples are the likes of Jasper AI. One of the key points I covered in my Jasper AI review was that Jasper AI uses GPT 4 as one of the AI models for its functionality.
Apart from Jasper, other AI writing tools, language learning apps like Duolingo and Microsoft with its “Copilot,” using GPT 4 for its own AI chatbot, Instacart is using ChatGPT integrated into its app, etc.
Thus, you can get the Open AI API if you have the financial position, the required vision, and the workforce.
Tips To Start Your ChatGPT Business
You need to consider a few things to get going with the business idea of your dreams.
Here are some tips to start your business with ChatGPT.
- Use ChatGPT Plus and GPTs.
- Do your own research.
- Look at the pros and cons of the business model.
- Choose the business that aligns with your interests.
- Do not use ChatGPT for illegal activities. (Though it doesn’t respond to restricted questions.)
- Multiply your business by reinvesting the money you have earned.
- Scale up your business by using Open AI API.
What Is A GPT?
Simply put, a GPT is an AI model based on GPT 4 that is trained on specific topics and use cases to generate responses accordingly. These are basically custom versions of ChatGPT that ChatGPT Plus users can create and use. A ChatGPT Plus user can also use the GPTs created and released by other users on a “GPT Store.”
These GPTs will save you the time spent on additional prompting. OpenAI has built and released its custom GPTs, including:
- Planty – plant assistant.
- The Negotiator – to help in negotiating.
- Laundry Buddy – laundry assistant.
- Math mentor – parents’ guide to help kids with math.
There are a total of 17 GPTs released by OpenAI. Apart from these, custom GPTs released by users of ChatGPT cover a range of topics such as – lifestyle, education, programming, research & analysis, productivity, writing, and AI image generation.
Before the introduction of these GPTs, you had to develop a conversation with the AI, give it a specific prompt to roleplay and generate the required outputs.
Demandsage Bonus: Get yourself familiar with the ChatGPT Chatbot, and all the new updates to it.
How To Create A Custom GPT In 3 Steps
Let me quickly show you how you can create your own custom GPT for your ChatGPT business.
Step 1: From your main ChatGPT Plus dashboard. Click the “Explore GPTs” button from the left window.
Step 2: You will be redirected to a page where you can see all the available GPTs from which to choose. On the top right corner, you will see a “+Create” button. Click that button to start creating your custom GPT with the GPT builder.
Step 3: There are two steps to creating a GPT; the first is creating the GPT, which you can do easily by interacting with the message builder.
The next step is to configure the GPT with instructions, conversation starters, and capabilities and add actions that the GPT can do outside ChatGPT. Adding actions is user-based and optional.
And that’s all! You can thus prompt the GPT builder to add the description, instructions, conversation starters, etc. Make sure you develop this with the intention of using it for the type of business you intend to start with ChatGPT.
How Do I Create A ChatGPT Business?
With the upcoming new features, you can kickstart your business journey with ChatGPT by your side.
This is how ChatGPT is infamous for its ability to minimize the time taken to search, write, summarize, edit, or compare texts, images, and document files. With the recent updates to the paid ChatGPT Plus, you can now use pre-built GPT models to start a business.
While you can start a ChatGPT business without a paid subscription for GPT access, using GPTs is the ideal way to buy the ChatGPT Plus or Teams subscription to your business on solid grounds.
ChatGPT Plus Pricing
| ChatGPT Subscription | Features | Price |
|---|---|---|
| ChatGPT | Access to GPT 3.5, Knowledge base up to January 2022, AI chat assistance | Free |
| ChatGPT Plus | Create and use custom GPTs, interact via images, files, and voice, generate AI images, get internet access and plugins | $20/month |
| ChatGPT Team | Everything in ChatGPT Plus with higher message caps, advanced data analysis, admin console for workspace management | $25/month |
Conclusion: ChatGPT Business Ideas
ChatGPT can be the co-partner, co-founder, or co-worker that you are looking for. ChatGPT just might be the most affordable employee that you can get for your business!
From the above, if I had to start a business with ChatGPT, I would invest in creating an effective content development solution that can help me deliver better content every time.
For you, you are completely free to choose the way you want to blend ChatGPT into your business. While I am just the idea-giving person here, I would suggest picking one idea and researching the business idea thoroughly.
I will be on the lookout to find potentially good ChatGPT business ideas. Do share your thoughts in the comments, and let me know which other ideas I can include!
