Leveraging AI for side hustles

Posted On March 18, 2023

With the release of ChatGPT 4 and other technologies like Midjourney 5 (AI image generation), there are a bunch of people out there suggesting you can build a passive income company leveraging this tech.

This morning I signed up for a paid account with Midjourney and developed the steampunk banner for CSEng.com in 2 minutes. Pretty cool.

Just this morning as well, someone on Twitter suggested using ChatGPT to be an entrepreneurial guru, gave it a budget and told it to provide a business plan:

I gave GPT-4 a budget of $100 and told it to make as much money as possible.

I'm acting as its human liaison, buying anything it says to.

Do you think it'll be able to make smart investments and build an online business?

Follow along 👀 pic.twitter.com/zu4nvgibiK

— Jackson Greathouse Fall (@jacksonfall) March 15, 2023

Here is the prompt they provided:

I started a similar thread and it thinks I should write an ebook on VR or 3D Printing. I need to explain that I think those markets are pretty saturated and not particularly “evergreen”. I also started a discussion using it to build a territory plan for my efforts at Tricentis.

And I started watching a bunch of videos from a guy names Alex Sheffy discussing his ideas for passive business ideas on Etsy, like this:

Some of Alex’s favorite tools include:

• ChatGPT
• Etsy.com
• Figma – graphics/prototyping
• Photopea – free photoshop
• Midjourney – AI powered image generator