GPTs discussion - Can you really make money? (2024)

FAQs

Can you make money off of GPTs? ›

Income potential: For those with AI development skills, the GPT Store offers the opportunity to earn money by creating and selling your AI models and tools on the platform, opening up new revenue streams.

ChatGPT is the easiest way to make money online by starting a side hustle and boosting productivity in 2024. But 99% of people don't know how to do it. It's better to use ChatGPT alongside other productivity tools to maximize efficiency.

The recent launch of OpenAI's GPT Store sparked excitement about the potential to make money by creating your own custom GPT models. However, while payouts are enticing in theory, the reality of actually generating profits this way is unlikely for most independent developers.

Assuming a 10% revenue share, the theoretical upper limit for all creators if they reach every Plus user is $6 million annually. A Plausible Scenario of a Successful GPT: 1% of Plus users engage with one of your GPTs. These users are equally engaged with 5 GPTs from different creators.

GPT technology has opened a new realm of possibilities. Now, anyone can develop their own GPT, customize it to meet specific needs, and even sell it in a GPT store. This remarkable opportunity allows you to turn your ideas into reality and potentially profit from them.

Yes, you can sell them, but so can anyone else. You can put them into stock image sites (if the stock image site terms of service allow), but so can anyone else, and no one is obligated to pay them or you for their use.

The new subscription plan, ChatGPT Plus, will be available for $20/month, and subscribers will receive a number of benefits: General access to ChatGPT, even during peak times. Faster response times. Priority access to new features and improvements.

As a first step, US builders will be paid based on user engagement with their GPTs. We'll provide details on the criteria for payments as we get closer. To be listed in the GPT Store the custom GPT must be functional in some way for non-paying users—either through limited features or for a limited time.

Potential Revenue Streams

Additionally, you might consider creating stock video content, which can be licensed to multiple clients. With GPT-4, the speed and quality of video production could allow for a high volume of content generation, opening up more opportunities for recurring revenue.

Is ChatGPT making a profit? ›

A free version of ChatGPT is available on OpenAI's website, and the company also sells a more advanced version on a subscription basis. ChatGPT generates billions in annualized revenues but continues to be loss-making.

ChatGPT is owned by OpenAI, which has a complicated organizational structure. The start-up was founded as a nonprofit, but it discovered the model was unsustainable for funding its research. In 2019, it created OpenAI LP, a "capped-profit" company it described as a hybrid between a for-profit and nonprofit company.

The three top investors are technology investment firm Thrive Capital, venture capital firm Andreessen Horowitz and revolutionary technology investment firm Founders Fund.

Yes, you can sell them, but so can anyone else. You can put them into stock image sites (if the stock image site terms of service allow), but so can anyone else, and no one is obligated to pay them or you for their use.

Chat GPT is no longer just an interesting AI project. It's now a profitable chatbot with many ways to earn money.