Are you a budding Entreprenuer wondering how you can take advantage of the AI movement? Now is your time to strike. There is currently an unprecedented opportunity for entrepreneurs not seen since the invention of the internet.
OpenAI’s GPT AI models and their ChatGPT application has very recently accomplished two breakthroughs. They created AI that actually works at a practical and useful level. Meaning it’s good enough to be used in many areas that can add value to people’s lives. Secondly, they made it affordable and accessible for the main stream, meaning software developers, entrepreneurs, and those that want to incorporate AI into their value adding tools can do so easily.
By thinking on it for just a few hours, we could easily cook up hundreds of online business ideas for incorporating GPT AI. Below are a few disparate online business ideas I think could add significant value to their customers while generating a healthy profit. As a software developer and Entreprenuer, I don’t think any of them would require significant skills, resources, or capital.
A coworker was recently talking to me about searching for furniture. He found some pieces he really liked, and suspected several companies would have them. Wanting to be frugal and get the best deal, he started searching the internet. After several minutes, he came to the conclusion that it wasn’t going to be quick or easy locating the furniture on several different sites.
You create a website that allows the user to upload an image of the product they’re looking for. They click the Find button and the website uses GPT-4 to search the internet for the product. It returns all websites that have the product listed for sale along with the full product description including the price.
You can then save your past searches and anytime there is a price update on the product, the website notifies you of the updated price.
This business adds value by saving you time and getting you the best price on product purchases. A strong value proposition.
Every time I launch a new business, one of the first things I do is head over to 99designs.com (unless I create the logo myself) to get a logo created. Logo designs at websites like these are not cheap, especially if you’e just wanting to launch a bootstrapped MVP to test the market fit.
With the release of Open AI’s DALL-E2 AI model for creating images, we were given a sneak peak of what’s coming. Today, the new image generating model isn’t great at creating logos. But as the Open AI team improves the technology, I expect it will be. Once stabilized, a great business opportunity would be a website allowing users to create their own logos for a small fee.
For example, I signup and choose a single logo package for $9.99. I then fill in my business bio, including what my business does, the primary, secondary, and tertiary colors, a few words, and any image I want included (like a top hat, man skiiing, etc.). The website then generates me several logos to choose from. Maybe different packages offer different levels of generating. For example, for $9.99 I can generate 100 logo mockups, for $19.99 I can generate 250 mockups, etc.
This idea is similar to the last, but with a broader market and stronger value creator because it has draws more repeat business. Customers like myself who regularly have to purchase images from websites like Ghetty Images, iStockPhoto, etc.
This one would also use DALL-E2. Create a website providing image generation for a subscription fee. People like me who regularly need images can pay a monthly fee to login whenever needed, enter a textual description of the needed image, and generate and download it. You could also provide filters to make it easier when creating images. For example, 2D, beveled, clipart, photograph, etc. Websites like these will start popping up quickly, but right now the market is wide open as the large players try to understand how providing AI-generated images will impact their business.
The premise is simple – allow business folks to login and pay a monthly fee to generate and rewrite text that is industry-specific, complex, and hard to get right. Think financial documents, legal documents, engineering specifications, quotes for residential windows and doors, etc.
ChatGPT was recently released and is SO good at generating and rewriting text that you might be wondering how anyone else can compete. I don’t disagree, but there are huge opportunities in generating and rewriting text in industrial niches and selling business to business.
Let’s use the real estate industry as our example. It’s full of legal documents – items that ChatGPT can generate and rewrite. However, the user using ChatGPT would need to be really good and knowledgable when interacting with ChatGPT to ensure they get state-specific, legally accurate documents. It would be much better to use a website that specializes in generating and rewriting legal documents within the real estate industry. The user no longer has to worry if they’re getting accurate legal documents because the AI models used in the website would do so.
We’re getting ready to launch an AI-generated newsletter for this blog. Each week, I plan to use ChatGPT to source my content and generate the newsletter. I’ve already done this and it will work, but not without headaches.
For a monthly subscription fee, you have a website that allows people to create newsletters. They enter in their criteria, setup the newsletter generation schedule, and let it ride. You even make your site integrate with MailChimp, ActiveCampaign, ConstantContact, and all the other mailing platforms so from newsletter creation to sending out the emails, your customer has to do nothing.
Today, I go to ChatGPT and enter several commands to find high quality articles with their links. I then have to click each link to make sure the website still exists. I then have to take these results and put them in a template. On and on and on. With a newsletter creation website, I could set it and forget literally forever as the website is always sourcing high quality content and building my newsletters for me.
You’re a young child wanting to learn how to code. Maybe you’re an older adult wanting to pivot your career into application development. Maybe you’re a senior developer wanting to remain on the cutting edge of a language. You want be able to study, write code, have that code graded, fix the bugs, have it re-graded and iterate until you get it right.
I’ve been through this myself, many many times. When learning how to code, you spend hundreds of hours stuck on bugs. Simple bugs, but ones that especially as a beginner are tough to catch. To solve this problem and speed up the learning process, you create a website that allows the user to paste in their code along with a description of how it isn’t working. The site, using GPT-4, then points out the mistake, explains why it is a mistake, and offers either a hint to fix it or fixes it for you based on your preference.
This site would also have refactoring options, meaning it could refactor your code to better coding standards. It could also apply linting to ensure you’re following best practices for the languages you’re working in. For example, WordPress has its own coding standards for CSS, JS, and PHP. Any time you drop code on the website, it could refactor or lint the code while explaining the improvements it made.
Software developers hate documenting code. At least my and every other developer I’ve worked with does. And for good reason – we have a lot of code to write. Why not have AI document the code for us?
You create a website or inexpensive VS Code plugin that automatically documents code. The developer writes their code as normal. They select ahead of time their linting preferences. Then, when their code is complete they click the Document button and your app will automatically insert all missing documentation into the file(s). You could charge by month, by usage, or even by the amount of documentation generated.
This tool would drastically improve the efficiency of software developers for a few reasons. First, they would never have to spend time commenting their code again. Second, the comments would be guaranteed to follow linting and be uniform across the code base. Another amazing benefit: pretend you start a new software development job. You explore the codebase in your first week and low and behold it’s a total mess. Poorly written code with no comments abound. No problem now. Using your site or plugin, the developer can simply click the Document button and GPT-4 will insert the comments, making it easier for you to see what the code is doing.
You’re applying for jobs. Dozens of jobs per week. But it’s time consuming customizing your cover letter and resume for each position. For each company, you have to research them and their job description. Then work some of what you learned into your cover letter and resume to improve your chances of getting an interview. This takes many hours per week and is mentally exhausting. There is definitely a better way in 2023.
A website that charges a small fee per resume and per cover letter. Pretending you’re applying to 30 jobs for the week, here is how it works.
Within minutes your site has dramatically saved the job seeker time and likely increased their interviews by north of 100%. I review a lot resumes, and many many people don’t customize them and clearly fail to get interviews because of it. This website’s value proposition is off the charts because it saves huge amounts of time, probably writes the cover letter and resume better than the job seeker ever could, and dramatically increases their chance of landed the jobs they’re after.
You have hashimotos, an auto-immune disorder. Doctors don’t recognize your symptoms, once you’re diagnosed they fail to help, and now you’re on so many drugs that you’re on a teeter-totter trying to balance your disease with the pharmaceutical side effects.
You create a website that allows people to enter their health information. It could be medical charts and documents from their health care providers along with a daily journal of how they feel both physically and mentally. Your site will use AI to analyze all that data and make safe recommendations for improving their mental and physical health.
It could be tips for managing their diet better, new drugs to ask their pharmacist about, specific exercise or meditation practices, or it could recommend support groups that exist for their particular health issues. With all the potentially negative things AI can bring like fake news, it can equally bring positive things like democratizing health care and helping people improve their mental and physical health.
You search for something in Google. The results aren’t great. You get 5 ads at the top, then you have to sift through several unrelated results to get one that answers your question. Or, the results may all be on target or not, but you don’t know until you click through to each website and find out.
You create a website with a single search box, just like ChatGPT or Google. You click search and using AI you return several results, just like traditional search engines do today. But you don’t have to store any data across myriad data farms and your results are way more accurate. Additionally, you don’t have to click through to all the websites to know if the answer is sufficient or not. ChatGPT has essentially already done this, but I think a combo of multiple results like a traditional search engine combined with immediate answers like ChatGPT is the perfect combination.
Open AI’s family of GPT AI models has opened up a revolution not seen since the widespread use of the internet in the early 90s. Like the internet made it possible for software developers to easily launch websites and online businesses for minimal cost, these AI models have made it inexpensive and easy for software developers and entrepreneurs to create the next level of highly impactful websites and businesses that can add real value to people’s lives.