Waste or Not

Can ChatGPT actually earn you money on the side?

● Proceed with care
CONFIDENCE 0.78 · 4 INDEPENDENT ADVISERS · UNANIMOUS

Can you actually make money?

You can earn money by writing ebooks with ChatGPT, but the claim of $3,000 a month from just one hour a day is overly optimistic. Realistic earnings for beginners are more likely in the range of $100–$500 a month after a few months of dedicated effort and effective marketing.

Is it worth it for you?

This approach might be worth pursuing for those with strong writing and marketing skills, but it is generally not suitable for beginners expecting quick returns. The time and effort needed to create quality content and market it effectively far exceed the minimal commitment suggested.

Red flags

A better use of your money

A safer approach would be to offer freelance writing services using ChatGPT, which can provide quicker income and less risk. Alternatively, consider creating one high-quality ebook on a familiar topic and focus on genuine marketing efforts to an existing audience.

The verdict

Using ChatGPT to write ebooks can indeed generate income, but the promise of earning $3,000 a month while only working one hour a day is misleading. Realistically, beginners might earn between $100 and $500 per month after investing two to three months into quality writing, editing, and effective marketing. This method may appeal to those with existing writing skills and a marketing background, but for most, it is not worth the time and effort unless they are prepared to learn and invest significantly. The pitch significantly downplays the hard work involved in creating and selling ebooks, including necessary marketing and quality control tasks. As an alternative, consider freelancing or producing one well-crafted ebook on a familiar subject, using ChatGPT as a tool to enhance productivity rather than relying on it entirely.

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