Six Effective Methods for Utilizing Prompt Engineering


INTRODUCTION 

Hi friends! Today, I will share with you six effective methods I tested to develop a revenue stream with prompt engineering. I will cover both simple and advanced methods so anyone can take advantage of this opportunity. But before we start, in just one minute, in case you are a beginner, what is prompt engineering?

PROMPT ENGINEERING 

Prompt engineering is simply the art of interacting with language models. It's how you talk with language models like ChatGPT. It’s about asking the right questions to get the best answers. For example, on ChatGPT. Let’s say you want to generate domain names. Anyone can say, "Generate 5 domain names about email marketing.

This is what we call a prompt: the text input you feed the language model. In our case, it’s ChatGPT, and you will get an answer. Very nice. So this is a prompt, and this is the answer one feeds. Prompt engineering is how to craft the best prompt, not like this one. Let me show you another example.

Delete this chat, and I will paste now my unique customized prompt to generate domain names. I will say also, "Email marketing is a niche." And now, let’s take a look at this prompt and the answer. You can see we are getting domain names with relevance, why it’s effective, and so on. We are getting better responses, better answers by utilizing these power prompts. 

So, prompt engineering is how to create powerful prompts to get the best answers out of language models like ChatGPT or GoogleBot, among others. And not only that, the other aspect of prompt engineering is how to build and create automation scripts.

If you are following, for example, I built the ChatGPT earthquake script that can search the web, scrape the content, and then summarize it, giving you like a content research report in a couple of seconds. So, in automation scripting, we combine power prompts with scripting to automate a certain workflow.

So, this in short is prompt engineering. In a little bit, I will share with you one of the best valuable resources to learn prompt engineering starting from now. Just bear with me a little bit. Let's now go back to our main topic and see our six effective methods to leverage prompt engineering.

Method One: Offering Prompt Templates

I think this is the easiest or simplest approach, which is offering prompt templates. Here, we have two options. Number one is to offer individual prompts on prompt marketplaces. For example, you can go to promptbase.com, create an account, and begin offering. Click on "sell" here and submit your prompts. You can see in my account I have bought all these prompts from PromptBase. 

Another website is Snack Prompt. You can go there, sign up, create, and offer your prompts. The other approach in this strategy is to offer an exclusive prompt library. For example, I offer this exclusive prompt library on my website. You can package multiple prompts like this one here and offer them together. To help you, I created two comprehensive guides: one on how to craft and create powerful prompts and the other on how to offer these prompts. You just need these guides to get started with this strategy.

But wait a little bit. Let’s see the other five strategies. Maybe you will change your mind and go for something more advanced.

Method TwoOffering Automated Scripts

As I mentioned before, prompt engineering has two aspects. The other aspect is about creating automation scripts. We can combine a power prompt with a script to automate a certain workflow. For example, let me show you this. I created this sample script. Here, we have this power prompt that is combined with this script to rewrite articles. Let’s go here and run this. By the way, it’s not that complicated to build these scripts. It’s really simple if you understand how to build these scripts. I will tell you how in a little bit. Just bear with me, please. You can see here a simple interface: you paste the article here and click on "start," and it will rewrite the article. 

So, you can build these scripts and offer them. Instead of offering a prompt, you build and offer automated scripts. You can go to websites like Gumroad to offer various digital products like scripts, prompts, anything you want. You can build scripts that convert articles into social media posts, do automated content research, and more. Check out my videos on my channel, the GPT Max Edition, the ChatGPT earthquake script. I have a lot of ideas on my blog posts where you can understand how to build these scripts.

Method ThreeBuilding Customized AI Solutions or Tools for Clients

This is somehow more advanced, which involves building customized AI solutions or tools for your clients. For example, last week, I showed you how to build an AI tool on WordPress. You can provide this service to your clients. I mentioned in that video that I would be publishing the YouTube title generator tool, an AI tool that generates the best YouTube titles. It’s now published and live on my website. You can see it here. You can build these tools for your clients. 

What’s nice is that if you go here, you can get my detailed guide on how I built this tool step by step: the prompts I use, the code, everything. You can access the full details and utilize it to provide a freelancing service or gig. What’s nice about these services is that it's still new, with low competition. Now is the ideal time to begin. If you wait for a couple of months, the competition will be higher, and you will need to market more.

Method Four: Building and Offering AI APIs

Instead of offering a prompt, a prompt template, or a script, you build an AI API and offer it on marketplaces. For example, you can build an AI content generator and offer it on RapidAPI. If you check my account on RapidAPI, I’m offering all these APIs for a monthly recurring membership. It’s really a great idea. What’s nice is I have a step-by-step guide on how to get started, how to build APIs, how to offer them, how to market them, everything you need. I will also leave a link in the description below.

Before we move on to numbers five and six, let me share with you the top three courses and resources to learn prompt engineering starting from now.

1.EDX: Prompt Engineering and Advanced ChatGPT (valuable course)
2.Coursera: Prompt Engineering for ChatGPT
3.My Free Playlist: On my channel, a full playlist with no ads. Check the comments to see how powerful and beneficial this series is. I worked hard to make the best prompt engineering videos here on my channel.
4.ChatGPT Prompt Engineering for Developers: On TheLearning.ai
5.Learnprompting.org
6. PromptingGuide.ai

I will leave all these links in the description, so don’t worry about them right now. You can see we have a lot of high-quality courses that you can start right now to master this skill and build a business out of it.

Method Five: Starting a SaaS Business

Software as a Service (SaaS) is simply building online tools that you can monetize with a monthly recurring membership. Or, you can keep it free as a side project to grow your business and build your email lists. For example, I built Free AI Kit. It’s a set of free AI tools and a website where you can build AI tools completely free with no code. This website acts as a side project for me where I can promote my other products like my prompt engineering training, my digital books. I can build an email list. I can provide value with this website in exchange for growing my business. 

Another website I have is Promoter Kit, a set of marketing tools. You can see here I’m promoting my API, my digital books, and some partner links. You can build AI online tools and offer them for a monthly recurring membership, monetize with ad spaces, or use them to grow your business. If you want to learn more about this, check this video where I showed how I improved an AI tool significantly in value over three months.

Method Six: Education and Consultation

After you learn from these courses and have some experience, you can offer advisory services, create a digital book, or a course and make it available for purchase. For example, I offer my Prompt Engineering Expertise Course: Go from Zero to Scripting Workflows. I create digital books and educational resources around prompt engineering, this new hot skill. Or, you can offer personalized advisory services for businesses to automate their workflows. 

This is very important and is now new. As I mentioned, the competition is still low, so take action and get started today. Learn the skill. We have a lot of valuable resources. Start with my free series. I’m sure you will thank me later. It’s free without ads. Learn the skill and establish your revenue stream.
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