Open AIs Chat GPT has received a lot of attention, and for good reason. Its extraordinary capacity to produce any demands in text that resemble human speech. And for many, it’s their first introduction to what AI is capable of. And the ramifications of this technology for us over the next ten years are both fascinating and terrifying. I’m going to focus on the now and how we can take use of the chances that are currently available, rather than on what it will be like in ten years.
I’ll therefore discuss seven diverse business concepts that anyone can implement with OpenAI. It’s not just the text output itself that I find impressive with OpenAI and Chat GPT. Actually, it’s their new, incredibly powerful API. If you’re unfamiliar with the term, an API stands for Application Programming Interface. It enables programmers to basically design programs that may access and utilize the data or information offered by the chat GPT. To make it simpler, anybody may incorporate Dolly or Chat GPT into their own programs or applications and then simply design their own front-end user experience. So, Lensa is actually a good example of this.
Lensa is an app that has been extremely popular recently because its developers identified a very unique application for one of these AI APIs. So it’s possible that you guys saw it on Instagram. Several people publish these animated renditions of their faces on social media, and they do so using the Lensa app. Nevertheless, what makes Lensa noteworthy is that it was merely utilizing the Stable Diffusion AI engine, which is still practically available for free to everyone. The cost of these anime portraits of people from Lensa was $10.
People must download the Lensa app from the App Store and upload ten images of themselves in order for it to function. After spending $10, customers would receive 100 animated images of themselves in various poses. Thus, why are people paying $10 when they can perform same task for nothing on Stable Diffusion? Convenience is the answer. In business, value creation is how you create money.
And individuals pay you cash in return for that worth. Value is frequently produced by merely simplifying information. As the scope of these AI engines is quite broad, many people could lack the imagination or knowledge to recognize that they can create an avatar of their own face. So Lensa invented a brand-new item called the Magic Avatar. This engine can basically do anything.
They settled on the Magic Avatar as their chosen use case. Additionally, they added convenience by making it accessible through the App Store on your phone, which is probably where the majority of your images are currently stored. They can charge $10 despite the fact that the photographs were entirely free to create for these two reasons. Thus, here is where the true opportunity lies for us because most people are only experimenting with technology to make their daily life better. The most intelligent businesspeople figure out how to integrate Open AI’s API into their own front-end software platforms.
Thus, in this course, I’m going to give you seven different business ideas that you can start using either Open AIs API or, even if you don’t have the necessary software development skills or understanding of how to use an API, a few business ideas that anyone can use just by using Chat GPT directly. The good news is that Open AI just launched this brand-new API, which means there are many opportunities for what we refer to as value arbitrage because the market is untapped.
Currently, ChatGPT is wide. There is a myriad of different use cases, and our objective is to identify a very specific use case to build the front end of our own websites using the API and then market that service to people who could benefit from it, people whose lives could be improved by speaking with GPT, but who aren’t yet aware of it. This channel is all about spotting first-mover advantages and taking advantage of them before the competition.
Here are the seven AI business ideas:
Idea 1: Sales copy
Idea 2: Perplexity
Idea 3: Landing Pages
Idea 4: SEO Agency
Idea 5: AI Thumbnail Creator
Idea 6: Lead Generation
Idea 7: Newsletter
