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Exploring 3 Strategies for Generating Passive Income with ChatGPT

Exploring 3 Strategies for Generating Passive Income with ChatGPT
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Exploring 3 Strategies for Generating Passive Income with ChatGPT

Exploring 3 Strategies for Generating Passive Income with ChatGPT

Introduction:

In our modern, fast-paced society, the desire to earn additional income with minimal effort is widespread. Passive income offers a fantastic opportunity to fulfill this aspiration by allowing individuals to generate revenue without actively engaging in work.

Thanks to recent advancements in artificial intelligence and chatbot technology, it is now feasible to generate passive income utilizing these innovative tools. This article delves into four distinct methods of generating passive income through the utilization of ChatGPT, an OpenAI-developed language model. Join us as we explore the ways in which you can harness the potential of ChatGPT to unlock passive income streams.

 

1.Indicator Create HTML Web Tool

A multitude of uncomplicated HTML web tools can be crafted,
capable of captivating a substantial audience. Consider, for instance, a BMI
calculator as an illustrative example. By harnessing the traffic directed
towards this website, you can generate income through the implementation of
Google ads. To gauge the website’s audience and assess its web traffic, we can
employ the SimilarWeb tool for measurement and analysis. Remarkably, this
particular website attracts over 40 million monthly visitors.

By harnessing this substantial influx of traffic, you have the
potential to generate a significant revenue stream through the utilization of
Google ads. To leverage ChatGPT’s assistance in constructing a comparable tool,
let’s provide it with the following prompt as input:

Can you create an HTML BMI
calculator that allows the user to enter his height, weight, gender, and age
and gets his BMI

Here is the output code from ChatGPT:

<!DOCTYPE html>
    <html>
    <head>
     <title>BMI Calculator</title>
     <style>
      body {
       font-family: Arial, sans-serif;
       background-color: #f2f2f2;
      }
      form {
       background-color: #fff;
       padding: 20px;
       border-radius: 5px;
       box-shadow: 0px 0px 10px 0px rgba(0,0,0,0.2);
       width: 400px;
       margin: auto;
      }
      input[type="submit"], input[type="reset"] {
       background-color: #4CAF50;
       color: #fff;
       padding: 10px 15px;
       border: none;
       border-radius: 3px;
       cursor: pointer;
       margin-top: 10px;
      }
      input[type="submit"]:hover, input[type="reset"]:hover {
       background-color: #3e8e41;
      }
      label {
       display: block;
       margin-bottom: 5px;
       font-weight: bold;
      }
      input[type="number"], select {
       padding: 10px;
       border-radius: 3px;
       border: 1px solid #ccc;
       width: 100%;
       box-sizing: border-box;
       margin-bottom: 10px;
       font-size: 16px;
      }
     </style>
    </head>
    <body>
     <form>
      <label for="height">Height (cm)</label>
      <input type="number" id="height" name="height" placeholder="Enter your height" required>
      <label for="weight">Weight (kg)</label>
      <input type="number" id="weight" name="weight" placeholder="Enter your weight" required>
      <label for="gender">Gender</label>
      <select id="gender" name="gender" required>
       <option value="">Select your gender</option>
       <option value="male">Male</option>
       <option value="female">Female</option>
      </select>
      <label for="age">Age</label>
      <input type="number" id="age" name="age" placeholder="Enter your age" required>
      <input type="submit" value="Calculate BMI">
      <input type="reset" value="Clear">
      <p>Your BMI is: <span id="bmi"></span></p>
      <p id="message"></p>
     </form>
     <script>
      function calculateBMI() {
       var height = document.getElementById("height").value;
       var weight = document.getElementById("weight").value;
       var gender = document.getElementById("gender").value;
       var age = document.getElementById("age").value;
       // convert height to meters
       var heightInMeters = height / 100;
       // calculate BMI
       var bmi = weight / (heightInMeters * heightInMeters);
       // display BMI
       document.getElementById("bmi").textContent = bmi.toFixed(2);
       // display message based on BMI
       var message = "";
       if (bmi < 18.5) {
        message = "You are underweight.";
       } else if (bmi >= 18.5 && bmi <= 24.9) {
        message = "You are healthy.";
       } else if (bmi >= 25 && bmi <= 29

 

Afterward, employ website builder tools to execute the code and construct the website. By generating innovative concepts with limited competition, you can maximize the influx of traffic. For instance, you have the option of developing a website that calculates projected YouTube earnings using average monthly viewing hours and views. As previously stated, the key lies in your creativity and knack for discovering fresh ideas that resonate with a wide audience.

 

2. Trading Bot Indicator

Indicators, a key component of trading bots, serve the
purpose of analyzing market data and producing signals for automated trading
systems. These indicators can be categorized as technical, fundamental, or a
blend of both. Technical indicators rely on mathematical calculations utilizing
market data, including price and volume, to generate trading signals. On the
other hand, fundamental indicators analyze macroeconomic and company-specific
data to generate signals.

Typically, subscribing to specific indicators for trading
bots can cost several hundred dollars per year or every six months. With this
information in mind, let’s proceed to the input prompt for our conversation
with ChatGPT.

Can you create a prescript
indicator that triggers a buying signal when the volume increases by 5% in the
25-minute time frame

Can you create a prescript indicator that triggers a buying signal when the volume increases by 5% in the 25-minute time frame

 

Here is the ChatGPT output:

//@version=5
indicator("Volume Increase Alert", shorttitle="VIA")

// Inputs
var float volumeThresholdPercent = input(5, title="Volume Threshold (%)", minval=0, maxval=100)

// Calculate volume change percentage
var float volumePercentChange = change(volume) / volume * 100

// Check if volume percent change is greater than threshold on 25 minute time frame
var bool volumeIncrease25m = timeframe.isseconds and timeframe.multiplier == 25 and volumePercentChange >= volumeThresholdPercent

// Generate buy signal if volume increase on 25 minute time frame
if volumeIncrease25m
    strategy.entry("Buy", strategy.long)
    alert("Volume increase on 25 minute time frame!")

A multitude of uncomplicated HTML web tools can be crafted,
capable of captivating a substantial audience. Consider, for instance, a BMI
calculator as an illustrative example. By harnessing the traffic directed
towards this website, you can generate income through the implementation of
Google ads. To gauge the website’s audience and assess its web traffic, we can
employ the SimilarWeb tool for measurement and analysis. Remarkably, this
particular website attracts over 40 million monthly visitors.

3 Write & Publish Children's Book

Our emphasis will be on children’s books due to their concise
nature, making them easy to write, publish, and sell on platforms like Amazon.
An additional suggestion is to center the stories around educational themes,
offering both an engaging narrative and valuable lessons that would appeal to
parents.

Now, let’s utilize ChatGPT to create a story about a young
boy named James who encounters bullying from his teacher and explores his
journey to overcome it. Here is the input prompt for our conversation with
ChatGPT:

Write me a children’s story about a
boy called James who was being bullied by his teacher and how he overcame it

Once upon a time, there lived a young boy named James who had a
deep passion for attending school. He cherished the opportunities to broaden
his knowledge, make new friends, and embark on exciting adventures. However,
there was one significant obstacle that made James’s school days challenging:
his teacher.

Mrs. Grimes, James’s teacher, possessed a formidable presence and
had a reputation for being strict with her students. She would frequently
subject James to public criticism, name-calling, and even physical
mistreatment. Despite James’s best efforts to brush off her actions, the
situation gradually became more difficult for him to endure.

 

One fateful day, overwhelmed by Mrs. Grimes’s behavior, James made
a firm decision that he would no longer tolerate the bullying. He refused to
live in fear or feel diminished. With determination in his heart, he confided
in his parents, seeking their guidance and support.

 

Attentively, James’s parents listened to his concerns, assuring
him that Mrs. Grimes’s actions were unacceptable. They encouraged him to find
his voice, stand up for himself, and refuse to be mistreated. This realization
brought James a profound sense of relief, knowing he had his parents’
unwavering support.

 

The following day, armed with newfound confidence, James
approached school. When faced with Mrs. Grimes’s attempts to demean him in
front of his peers, James boldly confronted her, declaring that he would no
longer tolerate the bullying. Mrs. Grimes was taken aback by James’s courageous
response, uncertain of how to react.

 

From that moment forward, James refused to let Mrs. Grimes’s
actions affect him. He remained steadfast in his commitment to academic
excellence, fostering new friendships with like-minded individuals who offered
him their support. Over time, Mrs. Grimes herself came to recognize the error
of her ways and offered James a sincere apology.

 

Ultimately, James triumphed over his fears and confronted his
tormentor head-on. Through this experience, he learned the importance of
asserting oneself and discovered that with the support of loved ones, any
challenge could be overcome. James continued to thrive academically and in all
aspects of his life, armed with the knowledge that he possessed the strength to
conquer any obstacle that crossed his path.

 

 

Now, we can utilize AI to assist us in visualizing the story
through illustrations. Let’s begin by requesting ChatGPT to provide a
description of James using the following prompt:

Can you give me a detailed
description of what James looks like so I can get an AI image-generation tool
to draw him?

 

Here is the output from ChatGPT:

Meet James, a ten-year-old boy with short, slightly tousled dark
brown hair. His bright blue eyes shine with joy and excitement. His fair
complexion showcases a sprinkle of freckles across his nose and cheeks. If you
look closely, you’ll notice a small scar just above his right eyebrow, a
reminder of a bicycle mishap from the previous summer.

 James stands at an average height for his age, possessing a

slender physique. He prefers casual attire, often seen sporting comfortable
T-shirts and jeans. Blue happens to be his favorite color. His well-loved red
sneakers bear the marks of countless adventures, scuffed and worn from his
outdoor escapades.

 Overall, James exudes a friendly and approachable demeanor, with a

glimmer of mischief dancing in his eyes.

 

Now, we can proceed to utilize image generation tools to bring the
story to life. For instance, in this particular example, we will employ the
stable diffusion model from Hugging Face Space. Here is the output we obtained
by providing the prompt to the stable diffusion model:

Additionally, you can leverage ChatGPT to receive descriptions for various subjects and characters within the story. Combine these descriptions with your imagination to create additional scenes using AI-powered image generation tools.

Moving forward, you can utilize book studios like Book Bolt Studio to construct your book and ensure it is formatted appropriately. Finally, you can opt for self-publishing your book on Amazon KDP, which serves as a platform for independent authors.

Consider exploring the creation of multiple children’s books in different languages and begin selling them on Amazon. Remember, the more ideas and creativity you possess, the greater your potential for generating income.

 
  • 58 Comments
  • June 3, 2023

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