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- How a 20-Year-Old Made $1M with ChatGPT for AI-Generated Books
How a 20-Year-Old Made $1M with ChatGPT for AI-Generated Books
Meet Joe, a 20-year-old computer science student who made over $1 million by creating and selling AI-generated books using ChatGPT. Discover his journey from a uni student to a successful entrepreneur, and learn how he markets his books to a niche audience on Pinterest.
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Video Summary & Chapters
1. Introduction 🌟
Meet the kid who made $1 million with ChatGPT and unconventional book marketing.
2. Starting the Journey 💼
Joe Poplis shares his story of transitioning from a student to a successful book entrepreneur.
3. Inception of the Business 💡
Discover how Joe conceived the idea of AI-generated books and targeted marketing to middle-aged moms.
4. Initial Successes and Progress 📈
Learn about Joe's early interactions with businesses and the rapid growth of his book brand.
5. Self-funded Success 💰
Joe reflects on his journey of building a lucrative business from scratch with minimal investment.
6. Balancing Act: School and Business 🎓
Explore how Joe managed to juggle college, part-time work, and his book brand simultaneously.
7. Entering the AI Book Industry 📚
Discover the steps to dive into AI generative books and carve a niche in the market.
8. The Art of Creation 🎨
Joe's journey from creating his first book to mastering the process of AI-driven book production.
9. Writing Success 📚
Initial success with writing and publishing ebooks.
10. Profit and Valuation 💰
Details on profit made and current business valuation.
11. Proofreading Process 📝
Insight into the meticulous proofreading approach.
12. Marketing Strategies 📈
Explanation of using Pinterest ads for revenue.
13. Landing Page Importance 📄
Significance and role of landing pages in sales.
14. Dealing with Competition 🏗️
Approach towards competition and market saturation.
15. Business Sellability 💼
Exploring the potential sale value and market interest.
16. Building a Repeatable Business Model 📚
Creating and selling book brands with an investor.
17. A Day in the Life of a Young Entrepreneur 📅
Managing ads, overseeing operations, teaching, and making music.
18. Exploring Music as a Passion 🎵
Transitioning into music production and sharing music on Spotify.
19. Investing Wisely and Staying Focused 💰
Prioritizing business growth over material possessions and investments.
20. Advice for Aspiring Entrepreneurs 🌟
Emphasizing learning and skill-building for success in business ventures.
Video Transcript
This kid made over $1 million in one year with a business idea that nobody's talking about.
AI generated books. He invited us into his apartment in Toronto to show us where he found this idea,
how he started on a budget, and how he built it in a few hours a day while attending college full-time.
Before the money, Joe Poplis was just a uni student stocking shelves for 11 bucks an hour.
Now, he's making a living selling thousands of ebooks using an unconventional method with chat GPT.
Initially this wasn't the way I did it, but this is the best way to do it now.
But the craziest part about his business is actually not how he creates the books.
It's how he advertises them.
The majority of my money has been made off of that.
The AI revolution is here and Joe is living proof.
I'm Pat Walls and this is Starter Story.
You built an amazing business. Tell me about who you are and what you built.
I'm Joe. I'm a 20 year old computer science student.
I've built a book brand that is now valued at $930,000.
I generate all books with AI and then I market them on Pinterest to middle-aged moms.
How did you come up with this business idea?
2020 was the year when I graduated high school.
I started working on a use case for GPT-3.
I got a really good idea of how AI could be integrated into different business models.
In 2022, I was like, why don't I just utilize my preexisting skill set?
AI, GPT-3s, now out, a few businesses know about it.
Maybe I could help provide some value
to like some small mid-sized businesses
who want to learn more about AI.
Around that time that I got that idea,
people actually started reaching out to me
asking about my experience at OpenAI.
I had a kind of like tab on my LinkedIn
that showed that I had worked on use cases
for OpenAI for the GPT-3 beta.
They started asking me certain things.
It got to the point where I started charging
For the advice that I was giving in July of 2022, I met with the publishing company where
I got the idea.
They showed me their stats and how much money they were making off of selling books.
That was a complete eye opener for me.
I didn't realize how many people bought books.
Per month, their revenue was about $2 million, which is absolutely insane to me.
I thought, why can't I just start up something similar?
because what they were doing was so insanely simple that they were not doing anything AI book related and when I met with them
I told them nothing about my idea that I had kind of formulated
Well, we're on the call in the month of August I generated 10 20 books
I generated a few more in September by the end of September
I was at 40 books I generated 40 books with AI then on October 3rd
I hit my first profitable day and I was like 20 dollars October 4th
That was like $40 and then from there,
it almost grew exponentially.
On December 28th, on that forget this day,
that's when I hit my first 1K day profit.
And that was crazy.
