A guy tried to use ChatGPT to turn $100 into a company making “as much money as possible.” Here are the first 4 steps the AI ​​chatbot gave him.

• Jackson Greathouse Fall asked ChatGPT to turn $100 into “as much money as possible.”

• In less than a week, Greathouse Fall launched a website dedicated to organic products. It closed a month later.

• Here’s how he used ChatGPT and other AI tools to start his business.

Since OpenAI’s ChatGPT implementation last November, workers – including developers and real estate agents – have been using the AI ​​tool to help with their work.

One user tried to turn tips into riches, although it was not as successful as he expected: in March, Jackson Greathouse Fall, brand designer and writer, it hit Twitter to share the prompt he gave the chatbot.

“You have $100 and your goal is to turn it into the largest amount possible in the shortest amount of time without doing anything illegal,” wrote Greathouse Fall, adding that he would be the “human equivalent” and “do everything” the chatbot instructed him to did that.

After many follow-up queries, the bot instructed Greathouse Fall to launch a company called Green Gadget Guru that would offer products and tips to help people live more sustainably.

Thanks to ChatGPT – along with other AI tools like the DALL-E image generator – Greathouse Fall said he was able to raise $1,378.84 for his company in just one day, though Insider couldn’t verify that amount. As of mid-March, the company was valued at $25,000 tweet by Greathouse Fall. Later Monday, he said his company had generated $130 in revenue, although Insider was unable to verify that amount or how it was generated.

He also used artificial intelligence to create a professional-looking website for his company, which at the time featured sample products such as eco-friendly gadgets and sustainable kitchenware.

He said he’s open to making products or selling existing products for a commission if the chatbot tells him to.

“We are actively exploring partnership opportunities to sell some of these items,” he told Insider in a March email.

As of March 15, he said he was pleased with the results.

“TLDR I’m Gonna Be Rich” – he wrote on Twitter.

From Greathouse Fall’s first tweet in mid-March the post has grown over 100,000 likes and over 20 million views. He talked about his venture on podcasts and even did it started a community on Discord.

Despite the attention he devoted to his company, his efforts did not go as planned. On April 12, almost a month after his first post, Greathouse Fall has tweeted that it is withdrawing from Green Gadget Guru focus on building the Discord community. The site — which apparently had no products for sale and was full of mostly fake texts in March — is currently inactive.

Still, the Greathouse Fall experiment is just one example of how people are turning to generative AI to make money.

Here’s how Greathouse Fall used AI to launch their company in one day:

ChatGPT outlined a four-step plan to launch Green Gadget Guru and asked Greathouse Fall to keep it updated on developments; he was able to complete all four steps in one day.

Step one: “Buy a domain and hosting”

First, ChatGPT suggested that he should purchase a website domain name for about $10, as well as a website hosting plan for about $5 per month, for a total cost of $15.

Step Two: “Set Up a Niche Affiliate Site”

ChatGPT suggested that he should spend the remaining $85 of his budget on website and content design. It said it should focus on a “profitable, low-competition niche,” listing options such as specialty kitchen gadgets and unique pet supplies. He focused on ecological products.

The chatbot wanted him to create an affiliate site — a site that promotes products in exchange for a commission on sales — so it told him to check out affiliate programs that offer high commission rates.

From there, ChatGPT suggested the domain name EcoFriendlyFinds.com. But when Greathouse Fall learned that this domain would cost $848 to purchase, they suggested another, more affordable domain: GreenGadgetsGuru.com. He bought it for $8.16 and then spent $29 on hosting the site, giving him a remaining budget of $62.84.

Step Three: “Use Social Media”

After creating the website, ChatGPT suggested that it should share articles and product reviews on social media platforms such as Facebook and Instagram and online community platforms such as Reddit to engage potential customers and increase website traffic.

He also asked the chatbot to help him create a website logo, asking it for suggestions that he could input into DALL-E 2’s AI image generator. He took the generated logo and created his own using Illustrator.

Once all this was ready, he commissioned ChatGPT to write the first article on the site, which he believed cited truly sustainable products like Yihong reusable metal straws. The template for this article – “Ten Eco-Friendly Kitchen Gadgets” – was uploaded to a now defunct website.

He then followed the chatbot’s recommendation to spend $40 of his remaining budget on Facebook and Instagram ads to reach users interested in sustainability and eco-friendly products.

Step Four: “Search Engine Optimization”

Step four was “search engine optimization” using SEO techniques to increase website traffic. In addition to publishing SEO-friendly blog posts, he decided to launch the website to gain exposure – even though he still had a lot of work to do on it.

Result?

At the end of the first day he said he was secured 500 dollars in investments. Although Greathouse Fall did not disclose its investors, – he wrote on Twitter that his “DM is swamped” and that he is “not accepting any more investors unless the terms are very favorable.”

Five days later, on Monday, he tweeted that he planned to update his followers on his “HustleGPT journey” every day for 30 days.

“I think that in the next few months we will see a huge boom in enterprises powered or even driven by artificial intelligence (!!!),” he told Insider.

Are you using ChatGPT to save time or make money? Share your story with these reporters at [email protected] and [email protected].

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