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- š§āš How this student is making millions with AI
š§āš How this student is making millions with AI
here's how you can too (step-by-step guide)
GM. This is Work "After" Work, the newsletter where business insights hit harder than the Cha-Cha Slide at a school dance.
Cāmon yāall.. slide to the left!
Hereās how weāre starting the week:
š¤ AI written books
š Meme of the day
HEY AI, WRITE ME THIS BOOK
All right, who's ready for a banger?
Everybody say āIā
First, I'll hit you with the punchline: this college student started a $1 million business selling AI written books.
Did your jaw just drop? Cause mine did too.
Now, the craziest thing about all this is the product heās selling isnāt unique. Virtually anyone can figure out how to write a book with AI (Iāll show you how). Itās how he markets his e-books.
I guess that famous saying, āMarketing is everything.ā is actually true.
Whoās he marketing to?
Middle aged moms - something I know this audience might be just a little better at š
Hereās the cliff notes version of how this all came to be:
One day, Joe Popelas (our college student) went to meet with a publishing company where they showed him they were making $2 million a month doing āstupid simpleā stuff.
Popelas came out of the call with two thoughts:
#1 He didnāt realize how many books people actually bought online
#2 He was going to do the same thing but without the overhead - with AI
And thatās exactly what he did. Popelas started in August of 22ā and by September he had āwrittenā 40 books.
A few days after Christmas was the big one. It was his first $1,000 a day in profit. Pretty crazy for just 4 months!
So, literally the one million dollar question is āHow can I do this too?ā
Well youāve come to the right place because Iām about to spill the beans like your neighborhood Karen does to the cops.
Step #1 - Turn ChatGPT into J.K. Rowling
ChatGPT is useful but only if you know how to use it. Get familiar by reading their user guides and learn how to use this tech to your advantage!
When Popelas wrote his first book it was terrible. Itās not as easy as prompting ChatGPT to āwrite me this bookā... but itās close! Let me explain.
You donāt need to write the outline or most of the content in the book. You just need the right prompts.
To get the outline of your book use Google Trends and Pinterest Trends to find strong niches (like Keto Diets or Self-Care) and input this prompt:
āWrite me a book outline on Self-Care with 8 chapters. Chapters are counted with integers. Topics are bullet points under Chapter topics. Each Chapter has 3 topics.ā
This is what it will spit out:
Then you need ChatGPT to write each chapter of your book. That prompt will look something like:
āThe following is a 1,000 word book chapter named Understanding Self-Care. It will go through the following topics: defining self-care and its importance, the historical context of self-care, self-care as a holistic concept.ā
Youāll get back something along the lines of:
Youāll do this for each chapter in your outline.
*Make sure to tell ChatGPT any qualifiers in the prompt such as:
What style you want it in. Have a specific author you want the AI to write like? Tell it!
How long you want the book to be
What tone you want the book to be in (funny, serious, genuine, all of the above)
How you want the reader to feel after every chapter
This part is really up to you and your creativity.
ChatGPT will soon generate images as well with DALLE-3 but for now you can use MidJourney! Popelas doesnāt use any pictures in his e-books but I think they are useful depending on your topic.
Step #2 Create and run ads
This is virtually Popelasā only expense. The only other costs he pays for are ChatGPT 4 and a proofreader he hired online.
Popelas only uses Pinterest ads to market his books. Think about all the untapped potential out there - Facebook, TikTok, Google, Snapchat, Instagram, YouTube, etc.
For setting up Pinterest ads watch Tutorials on YouTube - hereās a good one!
These ads bring me to the next step.
Step #3 Create a banger landing page
Those ads you created are going to direct buyers to your landing page. This is where youāll sell people on why they should buy your e-book. Youāll highlight everything to entice the potential buyer to buy your e-book or bundle.
Your landing page will be the source for almost all your income. If youāre getting a high bounce rate (70-80%) it means you have a landing page issue.
Popelas says āItās almost impossible to sell if you donāt have a landing pageā... so itās gotta look professional.
One of my friends is actually insane at web design (heās a software engineer for a Fortune 100 company) and does accept some adhoc projects on the side sometimes. It obviously wonāt be free but lmk if youāre interested and I can ask.
And if youāre not a techy person and want to DIY - follow these steps:
Buy your domain off a site like GoDaddy (if you can find a .com for cheap thatās the best! If not, just use a .co)
Setup a professional email - this costs $6/mo with Google
Choose which website platform you want to use. Popelas uses Typedream and links to his Whop store page (so users are directed to his Typedream landing page from his ad and when they click āBuyā it redirects them to Whop)
Alright, now youāve got the steps! Here are some quick fire follow-ups from ya boy:
What about competition?
Thereās a huge market for this. Popelas is only marketing on Pinterest, the 15th largest user platform with only 465 million users. Facebook has 2.9 billion.. I know where Iād try this.
Popelas has made ~$400k in profit.
He posted his business on a marketplace and got an offer for $930k, which blew his mind! Now heās working with an investor who is buying 40% of this book brand and is building another!
His profit margin is around 70-80%. The only expenses are ads, his proofreader, and software tools.
To create a full book it costs around $3-$5
Popelas doesnāt see the market anywhere close to saturated yet. He thinks that will happen in a few years and if you act now your brand will already have so much recognition it wonāt matter. This is why you have to act now if you want to do this!
More Helpful Links
Hope you enjoyed this one cause I sure did! Let me know your thoughts in the comments section of the newsletter!
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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