Welcome to Ghost Business - where mediocre business ideas go to launch or die

This week's agenda:

• AI Is The Boss Of Me

• What Dall-E Thinks We Meant

• Viability Score

The Boss is AI

Have you heard of our lord and savior ChatGPT? If you haven't, please reply here with how the real estate market is under the rock your living, because I can't avoid Chat if I tried. 

Should we use it to provide medical care for the masses? Nah. Ask it to find the meaning to life? Boring. What about how to create long lasting meaningful relationships? SNOOZE.

HOW ABOUT MAKE ME A MILLION BUCKS?? OH YEAH BABY!

Inspired from this tweet from Jackson Greathouse Fall, a name so good it must be made up, I decided to jump on board the infinite wisdom AI money making train to see what it could come up with. The simple breakdown is this:

• Give ChatGPT a $100 budget

• Ask it what it would do with this budget to make $1M in the shortest amount of time

• Tell it the kinds of things I'm interested in

• Ask it for step by step instructions

• Grab an umbrella for all of the money about to rain on me

The boss gave orders and I got to work.

What it came up with was fairly simple:

1. Create fitness/workout apparel line

2. Set up a print on demand account with Printful (or similar co)

3. Create a simple logo and shirt designs

   1. What shirt designs exactly? It recommended shirts with inspirational or funny quotes.

   2. Specifically bold writing, dark letters on bright shirts or bright letters on dark shirts.

4. Set up a shopify store and socials for the brand

5. Use the budget to order samples and send to fitness influencers

6. Use the remaining budget for targeted ads

🤯 

What would this look like?

I put together everything it mentioned aside from actually purchasing sites and samples (which could've been set up for less than $25). Here's what it looks like:

Welcome to Very Sweaty - a funny fitness apparel line that will add more weights and dates.

It even recommended targeting up and coming sports (like Pickleball)

The best part about all of this is ChatGPT came up with all of the quotes and design itself!

Scalability:

• It doesn't get much easier than this! ChatGPT is providing you step by step instructions on how to do everything. Keywords to use, audience to target, color variations (is it going to raise my kids too??)

• After setting up the basics, site, printful integration, and social media, all you have to do is get more reach and this can become a very lucrative passive income stream.

Viability: 

1 [building spaceships hard] to 5 [easy peasy]

This business is a 5 ghosts, I would add more ghosts if I could. This would be so easy to do and I'm tempted to at least get something started with this one and let it run itself for a year. 

There is no hard part about this. It can be started on the weekend and you could have your first sale in the initial 72 hours!

Good luck!

It's a great day to be great! love, Mike