Proven methods I have tested to create a passive income stream.
ChatGPT is being discussed and talked about these days and some of you are thinking about how to make money with ChatGPT.
Here are 3 Proven Ways; May you have the information that I am going to show you, but each article you find on digitcrafter.com is based on personal experience and case study.
I am not going to guide you to create or generate a blog with AI content and sell its copies to earn money online. No, I am going to show you 3 legit Ways I tested myself that can help you build a stable passive income stream online with the Help of ChatGPT.
And the interesting thing is you need $0 Investment! You can start absolutely for free.
So let’s begin.
1) Create and Sell an API with a Recurring membership.
What is an API?
API Stands for Application Programming Interface (No need to tell you this 😅)
Let me elaborate with examples.
API enables programmers to interact with a specific platform from their custom application (source code).
For example, suppose a programmer wants to develop social media management software like Social Pilot or Hootsuite.
In this case, he will need developer access to Facebook, Twitter, Pinterest, or any other platforms directly from his code to publish, schedule, read analytics, and do other stuff.
But this is not possible by default because if you want to post on social media platforms, you must use their interface. So what to do??
Here, the API solves this question and acts as a medium between the programmer and the target platform.
So, Facebook, for example, allows programmers to access Facebook through Facebook API., and so for Twitter, Pinterest, Google, and All other platforms.
I think that is enough; I hope you got the Idea behind APIs 😊
Now you know what an API is, let me show you how to create and sell one with ChatGPT!
🤖 Create the Quotes Generator API With ChatGPT
Open ChatGPT, and ask it to create the API:
Copy this code, create a new .NET Core API project with the help of Visual Studio, create a new controller, paste the code, and Voila!
Do you want the source code for this project? Click here ⬅️
🤖 Where to Host and Publish the API for free?
Let’s ask ChatGPT!
🤖 Where to Sell this API?
In my case, I publish my APIs on RapidAPI, one of the top API Marketplaces out there.
Do you want to code the API in a different language?
You can play with ChatGPT to get what you want, but the problem is with the Idea! Where to find the best API ideas that developers will buy.
💡 Some Inspirations
1/ API Marketplaces
You can check the top API marketplaces to get some ideas; here are some of the leading API marketplaces that you can explore:
- RapidAPI: RapidAPI is a platform that allows developers to discover and connect to thousands of APIs. It offers various APIs in various categories, including finance, health, and media.
- Postman API Network: The Postman API Network is a collection of APIs from leading companies, available for testing and integration. It includes APIs from companies such as PayPal, Microsoft, and Google.
- ProgrammableWeb: ProgrammableWeb is a directory of APIs that provides information on APIs and the companies that provide them. It allows developers to search for APIs by category and provides tools for testing and integrating APIs.
2/ Ask ChatGPT!
🤖 We have ChatGPT; let’s ask!
3/ API Arbitrage
This is as simple as reselling an API for a Hire price. For example, you can find APIs on RapidAPI with unlimited plans, create an API around it, and sell it for another price on a different platform.
Or combine multiple APIs to provide better outputs and different API endpoints.
4/ Utilize an API to create Another
For example, you can use Google SERP API to create a Keyword Tracking API, top-ranking keywords API, and so on.
Use Your Imagination!
#2 Create Something More Interesting With ChatGPT!
Instead of a silent API! We can create something more interesting.
Build a tools website that can be monetized in more than 10 ways!
Examples of tools websites:
🤖 Let’s Create a simple Word Counter with ChatGPT!
Do you want the full source code? Click here ⬅️
I played with ChatGPT and with the help of it, developed multiple tools in less than an hour. In 1 week, you can create something incredible that can stand out!
How to compete against tools sites!
Let me share with you some ideas:
1/ Do “Top Keyword” Competitor research!
Study other tool websites in your niche and analyze what keywords they are ranking for; you can do this using Keyword tools like Semrush or ubbersuggest.
For example, one of my competitors is Smallseotools. I put in ubbersuggest keywords by traffic tool, and I get something like this:
You can see, I can find low-difficulty keywords that I can rank fast with if I build a tools website based on it.
2/ Search Appsumo, ProductHunt, and Codecanyon for Ideas.
There you will find many tool sites, but paid ones. You can skim and check if you can create similar tools or a free lite version of this tool.
Monetize the Website
Like any website, you can monetize a tools website in several ways; here are some:
- Ad Spaces can be through Ad Networks or by selling Ad spaces directly
- Affiliate marketing: Partner with other brands to promote their products and services.
- You are promoting your products and services.
3/ Talk about your tools on Medium, Reddit, and Twitter
4/ Use the top traffic strategies that helped me grow to 100K visitors/month.
#3 Sell Mini JS Files Using ChatGPT
For Example, Look at these Floating Sharing buttons on my website:
This is a script I bought from codecanyon for $7
It is a simple JS file. And you can sell the same!
🤖 I tried it; I just made something similar with ChatGPT and added it to my word counter tool!
Do you want the full source code? Click here ⬅️
🟥 Warning! Don’t Do this (Important) ⚠️
although ChatGPT and AI are super powerful and help us build income streams online and a lot of other tasks. But!
If you rely on it, you will diminish your brain and creativity. So use it as an AI assistant. And follow the Polygon formula to adapt and stay safe in the AI era.