How the ChatGPT Business Model Helped Me Earn $1,744,018 in Just 12 Months
The ChatGPT business model has allowed me to make millions of dollars using AI over the last few years, and today I want to share my journey with you. My goal is to provide you with the insights and tools you need to start your own success story. The best part? I have nothing to sell you! Instead, I’m excited to give you access to a wealth of free resources, including checklists, courses, and pre-written content that you can use on platforms like Instagram, TikTok, and YouTube—all integral to the ChatGPT business model I’ve developed.
I genuinely believe that by sharing what I’ve learned, you can achieve your own financial goals without having to go through the same struggles I faced. In the past, I did sell courses and pitch products, but after making millions, I realized that my real passion lies in giving back. If you’re interested in accessing the resources I mention throughout this post, simply share this blog with someone you think would benefit from it, and let me know in the comments. I’ll respond with a link to everything you need for free.
We strongly recommend that you check out our guide on how to take advantage of AI in today’s passive income economy.
Table of Contents
My Journey Begins
Let me take you back to where it all began. About eight years ago, I found myself sitting in a garage, recording my first YouTube videos. You can even find those early videos on my channel, where I had no money, no formal education, and just a dream. I dropped out of both high school and college, yet I was determined to find a way to make a living online. At that time, I started teaching people how to optimize their websites for search engines, focusing on how they could appear on Google.
This was the beginning of my entrepreneurial journey. I dedicated myself to helping others improve their online presence, and in my first year of business, I earned around $50,000 to $60,000. Although I had been tinkering with online money-making strategies for years, it was in that garage that I decided to take a leap of faith and go all in on teaching others about SEO. I quickly learned the ins and outs of ranking websites, and that knowledge became my foundation for future success.
As I gained confidence, I transitioned from client work to creating educational content. I moved out of my mom’s house at 23, and my focus shifted to creating YouTube videos. The money started to flow in, and I was making a decent income from both client services and teaching online. However, as success came, so did burnout. The relentless pressure of juggling multiple clients and projects left me feeling overwhelmed.
I realized that managing a plethora of clients felt like having 20 bosses, and this was not the lifestyle I wanted. While I was earning good money—about $31,000 a month on Stripe and another $20,000 on PayPal—I knew I needed to change my approach. It was time to pivot from client work to something more sustainable and fulfilling.
The Shift to Teaching and Selling Courses
To reduce the strain of constant client work, I turned to selling courses. I thought, if I was successful, others might want to replicate my success by learning from me. I began focusing on creating content and developing educational materials. At first, I had mixed results. Some courses did incredibly well, earning me $38,000, while others barely made a dent in my earnings.
Eventually, I found a few profitable courses, and I started to build a reputation as someone who could teach others how to succeed online. I combined my knowledge of SEO with new skills I was learning in the digital marketing space. This blend allowed me to create comprehensive courses that resonated with my audience. However, I soon realized I didn’t want to be known solely as the “course guy.”
I decided to branch out and explore other avenues for income. I ventured into software development, launching a software company that further diversified my income streams. This mix of software, courses, and affiliate marketing became my primary focus. I was eager to maximize my earnings, but I quickly learned that higher income did not always translate to greater net profits.
Understanding Revenue vs. Profit
Even though I was making millions, I was also losing a substantial amount of money. The high expenses of running multiple projects, paying employees, and developing software took a toll. Over the years, I grossed about $5 to $6 million, but I only managed to save around $1 million. This stark contrast led me to reevaluate my business model. I wanted to keep more of what I earned while reducing my workload.
Through conversations with mentors and fellow entrepreneurs, I gained insights into the best business models for generating income. I discovered that sustainable income often takes time to build. Many successful entrepreneurs took years to create a lean, recurring income stream that allowed them to enjoy financial freedom without the constant hustle.
I realized that while services might offer quick money, they come with significant challenges. When you take on clients, you often find yourself in a cycle of constantly searching for new clients while managing ongoing work. The more clients you take on, the harder it becomes to maintain a work-life balance, which is something I desperately wanted.
Evaluating the Best Business Models
So, what are the best business models I encountered during my journey? Services, while offering immediate income, often lead to burnout. The more clients I had, the more I felt like I was working for them rather than myself. Sure, the initial payments can be substantial, but the ongoing demands can quickly become overwhelming. As I learned, it’s crucial to find a balance between making money and maintaining my sanity.
On the other hand, courses have their perks. They provide an opportunity for almost pure profit, as you create a course once and sell it to countless customers. However, many students may only purchase one course and not return for more. Thus, while courses can offer higher profit margins, they often lack the recurring revenue that some other models provide.
This realization led me to consider software development and affiliate marketing more seriously. By creating software, I could provide value on an ongoing basis while generating recurring income through subscriptions. Affiliate marketing also allowed me to earn passive income by promoting products I believed in without the hassle of managing customer support.
Creating a Sustainable Income Stream
The most effective business models I discovered were those that combined multiple revenue streams while being lean and manageable. I focused on creating a sustainable system that allowed me to keep more of what I earned while also reducing my workload. It became evident that my earlier approach, while profitable, was not sustainable in the long term.
Last month, I made around $55,000 across various platforms, including Stripe, PayPal, and affiliate income. You might think that’s a drop from my earlier months of earning $200,000, but here’s the kicker: this income was far easier to maintain. My expenses were lower, and I didn’t have the same level of stress or workload that I once did.
When evaluating income, it’s essential to consider not just the numbers but also the effort required to generate that income. How much of your revenue are you keeping after expenses? Is it a recurring income that allows for financial stability? By prioritizing lean, recurring income streams, I found a more enjoyable way to generate wealth.
Finding Freedom Through Business
As I transitioned to this more sustainable model, I discovered the importance of aligning my income sources with my personal goals. I wanted to build a lifestyle that allowed me to enjoy my work without the constant pressure of chasing clients or launching new products every month. I learned that the best business models not only provide financial stability but also allow for personal freedom.
This realization changed my approach to work. Instead of trying to maximize every dollar, I focused on maximizing my time and energy. By investing in systems and processes that allowed for automation and efficiency, I was able to streamline my operations. This not only reduced stress but also freed up my time to focus on creative endeavors.
I encourage anyone starting on their journey to consider the long-term implications of their business choices. Think about how your income streams align with your lifestyle goals. Are you building a business that serves you, or are you creating a job that drains your energy? I wanted to create a business that provided both financial and personal freedom.
The Importance of Automation and Systems
One of the keys to my success has been the implementation of automation and effective systems. As I built my software company, I focused on creating tools that streamlined my processes. This included everything from automating email sequences to using project management software that kept my tasks organized.
By leveraging technology, I was able to work smarter, not harder. The goal was to create a business that operated efficiently, even in my absence. This approach allowed me to step back and enjoy the fruits of my labor without being tied to my computer for endless hours.
If you’re considering starting a business or already have one, I highly recommend investing time in creating systems that work for you. Automation can significantly reduce your workload, allowing you to focus on growth and creativity rather than getting bogged down in daily tasks.
Building a Community and Networking
Another critical aspect of my journey has been the importance of community and networking. Throughout my career, I connected with like-minded individuals who shared similar goals and challenges. This network has been invaluable in providing support, sharing ideas, and collaborating on projects.
Surrounding myself with other entrepreneurs has opened doors to new opportunities and insights that I might not have discovered on my own. Whether it’s attending conferences, joining online forums, or participating in mastermind groups, I highly encourage you to invest time in building your network. The relationships you develop can provide not only guidance but also potential partnerships that can accelerate your success.
Networking has also helped me stay updated on industry trends and best practices. By engaging with others in my field, I’ve learned about emerging technologies and strategies that I could incorporate into my business. This constant learning has been a crucial factor in my ability to adapt and thrive in a rapidly changing environment.
Giving Back and Teaching Others
As I reflected on my journey, I realized
the immense value of giving back to the community. After achieving a level of success, I felt compelled to share my knowledge and experiences with others. I started creating free resources and courses for individuals who were just beginning their entrepreneurial journey.
Not only has this allowed me to help others, but it has also reinforced my own knowledge and skills. Teaching others is one of the best ways to solidify what you’ve learned. When you explain concepts to someone else, you gain a deeper understanding yourself. Plus, it feels incredibly rewarding to witness others succeed, knowing that you played a role in their journey.
If you’re at a point in your life where you’ve gained valuable knowledge, I encourage you to consider sharing it with others. Whether it’s through blog posts, YouTube videos, or social media, your insights can make a difference in someone else’s life.
The Power of Consistency and Perseverance
Throughout my journey, I’ve learned that success is not a straight path. There are ups and downs, moments of triumph, and times of doubt. The key is to remain consistent and persevere through challenges. I faced countless obstacles along the way, but my determination kept me moving forward.
Whenever I felt discouraged, I reminded myself of why I started in the first place. I wanted to create a life of freedom and impact, and that vision fueled my motivation. It’s essential to have a clear purpose that drives you, especially during tough times.
Stay committed to your goals, and don’t be afraid to adapt along the way. The business landscape is constantly changing, and being flexible will allow you to seize new opportunities as they arise.
Conclusion
Today, I look back on my journey with immense gratitude. The lessons I’ve learned, the relationships I’ve built, and the impact I’ve made all contribute to my sense of fulfillment. I hope by sharing my story, you feel inspired to embark on your own path to success.
Remember, it’s not just about the money; it’s about creating a life you love. Focus on building sustainable income streams, automating your processes, and giving back to your community. The journey may be challenging, but with persistence and the right mindset, you can achieve your own financial dreams.
If you’re ready to take action and start your journey, don’t forget to share this blog with someone who could benefit from it. Let me know in the comments, and I’ll send you the resources you need to begin.
Here’s to your success!
We strongly recommend that you check out our guide on how to take advantage of AI in today’s passive income economy.
