Todayâs read time: 2 minutes and 35 seconds
Whatâs up party people! Weâre back with another side hustle idea!
Before we get started, letâs connect on Twitter!
1. Business idea of the Week: Build and Sell an AI Tool
2023 might as well be named âthe year of AIâ.
Itâs tough to talk about new businesses without mentioning the use of AI.
But with all of this hype, we have an opportunity to capitalize on it.
Every day, new AI tools are popping up and making a killing.
Typically youâd need to be a technical person or hire an engineering team to build you a tool or app.
But this week I came across a tool that can solve that problem for you.
The idea: Build and sell an AI tool with imagica.ai.
This tool will literally build you an AI tool with just a simple description.
Tell it what industry youâre in and what type of tool you want, and boom. You got yourself an app in minutes.
Now, there is a waitlist to get access to the tool, so if you want to use it, make sure you request early access.
So now that youâve got yourself a fully functional AI tool, itâs time to get users.
To do this, you can use social media platforms like TikTok and Instagram reels to start pumping out content about what your tool does.
Post 2-3 videos of your tool every day and include the link to your tool in your bio.
Once youâve got a few paying customers, you can start experimenting with paid Facebook ads to get more customers.
And once youâve got a few hundred dollars of recurring revenue, you can sell the tool. on a platform like Acquire.com or Flippa.com for thousands of dollars.
Hereâs the video I got this idea from, and a strategy breakdown on this idea đ
And thatâs a wrap!
2. Links I Like.
How to add 5,000 Twitter followers in 90 days. - Justin Welsh
ChatGPT for your data. Feed this tool your data, and answer data questions with conversational AI.*
If You Don't Have Six Pack Abs, This Sales Manager Will Fire You - The Follow Up
* sponsored content
3. A Communication Hack from Patrick Bet David
Patrick Bet David is a legend.
He sold his insurance company for hundreds of millions, and heâs crushing it on YouTube with his Valuetainment channel.
So Iâve been listening to a lot of his content recently and noticed something he uses in almost all of his conversations.
When someone says something they believe, Patrick will repeat it back to them, word for word. When he does this, it forces the other person to re-think what they just said, explain what they really meant, or double down on their original statement.
Example:
Person 1: âI just think that this politician isnât smart enough to actually do the job and wonât be able to handle the pressure.â
Patrick: âSo what youâre saying is that you they are not smart enough to do the job and they arenât going to be able to handle the pressure if they get the job?â
Person 1: âWell, maybe itâs not that theyâre not smart enough, itâs just something about them that doesnât seem right.â
Patrick: âThen letâs talk about what it really is that you donât like about themâŠâ.
See how you can get people to re-think what they just said, and get to the bottom of what theyâre actually thinking? Try this out yourself!
And thatâs a wrap!