In a new YouTube video, finfluencer Codie Sanchez asked AI to make her a $1,000 company in one week, and it did. Sanchez started by taking her version of ChatGPT, Operator — which she redubbed “ChadGPT” — to help her create a startup company focused on trade.
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Interested in making this your new hustle? Here is how you use AI to quickly start a side gig, according to Sanchez.
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Source Cheap Materials
Sanchez and ChadGPT set up their business to scan the web for free or low cost items for sale on sites like Facebook Marketplace and Craigslist.
Sanchez said as it scrolled across Facebook Marketplace, ChadGPT was “pulling listings … rapid fire” as it searched Facebook Marketplace.
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Organize Inventory
Within minutes, the AI program was able to find re-sellable inventory for little or no money at all, with 37 items that matched Sanchez’s criteria, all of which was catalogued in a spreadsheet.
ChadGPT was able to generate an inventory spreadsheet of everything it had found across these market sites without Sanchez touching her keyboard.
Messaging Contacts
“Finding stuff is cool,” Sanchez said, “but can AI actually message the sellers?”
The answer was “yes,” with ChadGPT reaching out to the people who posted their items online all by itself, though Sanchez did have to give it that direction.
However, within two minutes, the bot hit a snag when Facebook detected unusual activity, and the account was banned from sending messages.
Transactions and Delivery
Sanchez noted that up until now, her artificial intelligence business partner was able to do a lot on its own, but when it was locked out of Facebook Marketplace, it required a bit of human intervention for the next step, which was setting up a courier to bring the items from the seller to Sanchez.
“AI can’t fake being human totally,” Sanchez said after ChadGPT failed to set up an Uber account to deliver the products from the buyer. “I’m going to ask Chad to find a local courier service that moves large items.”
Programming this action into ChadGPT, Sanchez was able to direct the AI to have a delivery service pick up the item she wanted to buy and bring it to her office. “We still got humans involved but all scheduled through the AI.”
Source Pricing
Once Sanchez acquired products from across the web, she put ChadGPT to work figuring out what the resale price should be for each item, based on similar pricing on Bing, Facebook Marketplace and other online sites sellers in Sanchez’s area use.
Create Product Listings
Sanchez directed ChadGPT to make the best listing in order to sell her inventory as fast as possible. “And just like that, our ad is live,” she said.
Within a half hour, a buyer reached out, interested in purchasing an item the bot listed.
Sanchez had to handle negotiating with the buyer herself, since ChadGPT had been banned from Facebook Marketplace, but she successfully completed the sale.
Pros of AI for Business
Having an artificial intelligence system set up is like having an employee that does not require payroll. It can also help a small business turn into a bigger business over time.
“AI is not an end-all-be-all solution for small businesses,” said Abhishek Bhasin, head of product at Uplinq, though he noted that if these small business use it as “a measured crawl, walk, run approach, it can help them gain insights at scale and speed that only larger corporations can typically afford, similar to how e-commerce revolutionized small businesses to compete with larger competitors online.”
Cons of AI for Business
While Sanchez proved that AI can do a lot to start and grow a side hustle, it cannot do everything, nor should it be left unsupervised, especially if your side gig is in industry such as resale, and in-person transactions are part of the job.
“Harness your human skills and hard skills while doing the reselling,” said Pinky Chong, a luxury resale consultant and authenticator at The Resale Academy. “Reselling isn’t just about flipping products. It’s a crash course in business fundamentals that can be leveraged in countless industries.”
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This article originally appeared on GOBankingRates.com: Here’s How To Use AI To Quickly Start a Side Gig, According to Codie Sanchez
