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#ai #sidehustle #scam
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A good grift requires people to believe four things. People need to believe it’s credible, people need to believe it will give them wealth or a better life, people need to believe it will be easy and people need to believe the grifter has the secret to making it all work. AI is going to be a better opportunity for scammers than cryptocurrency, and it’s already starting…
I don’t need to tell you about chat GPT if you have been anywhere the internet in the last six months you already know all about what it and other programs like it can do… Designing images, writing code and creating content are the most time-consuming tasks in the most hyped-up industries, tech and online marketing. If you pay attention to this space, you will hear about people making enormous fortunes on a daily basis.
The challenge is coding, writing and creating digital media takes a lot of effort and requires talent and experience. Someone who needs quick money NOW doesn’t have time to learn about web development or take a photoshop course and AI is the answer to that. New programs can take basic prompts and create viable content which can then be monetized, except it just doesn’t work and idiots on the internet need to stop telling you it does. New AI programs are not going to make you rich and there are four reasons why that happen to line up perfectly with the ingredients that make a great grift.
The first reason is that the fields they apparently work in only reward top performers and AI doesn’t produce content as good as the best humans. The most frequently recommended AI hustle is creating fully automated YouTube channels. The business plan is to get chat GPT to write you a video, Midjourney to create a slideshow of visuals and some freemium online software to turn it into a video to post on YouTube and make that sweet ad revenue. To qualify for monetization on YouTube a channel needs a minimum of four thousand hours of watch time and one thousand subscribers.
That doesn’t sound like much but less than 1% of channels every qualify for the partner program and this barrier was so challenging for new channels to overcome that YouTube lowered the requirement to three thousand hours of watch time and five hundred subscribers. Even of the channels that gain enough of a following to be monetized most are only making a few dollars a day. It took me and most other creators I speak with [Richard, and Patrick Boyle] more than a year of making content before we were monetized. Making videos is time consuming so letting AI do all the work for you plays well into one of the key ingredients of a good grift, people need to believe it will be easy. The trouble is that AI is just not very good yet and the reason you don’t see many channels run by robots is not because people aren’t trying, it’s because the YouTube algorithm simply isn’t making them as visible because there are better videos made by real creators still putting in effort.
You may not like the weird energy of Mr Beast or the Paul brothers but they something much more engaging than an internet word generator, so they get millions of views and the millions of people trying to create automated channels get nothing. Drop shipping is another common grift that has the same apparent advantage which is really its biggest weakness. If you are one of the lucky few that has not had the drop shipping dream pitched to them yet, the business plan is to find overseas companies selling cheap products overseas using websites like Alibaba.
People selling drop shipping courses also rarely admit that your customer could also just go on Alibaba themselves and buy the product at the lower price. Creating content using AI runs into all the same problems, it’s pitched as an easy way to build a business or generate side income but it’s never going to compete with the people putting in real effort to bring a better product to market.
Well, the lack of competitiveness that a zero barrier to entry business has is just the first problem with thinking AI will magically make you three hundred dollars a day.
So it’s time to learn How Money Works to find out how an amazing technology is being turned into the world greatest grift.
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Upgrade the way you learn with Brilliant! To get started for FREE go to http://www.brilliant.org/howmoneyworks
Should’ve really used someone other than me beast because of the whole illegal lottery stuff
AI generated content is such trash. It’s all clickbait BS.
Careful who you listen to.
People are doing what he says is not possible.
Skepticism is healthy.
Negativity is addictive.
This guy is throwing out the baby with the bath water.
This video is misleading as well. You can easily make money with ai, if you use it right.
Youtube and advertisers need to stop paying for clicks. Problem solved.
chatgpt passing the bar is like when my professor said you can do an open book exam. I didnt study those exams and still got 80% lol
I know someone that sells packages of ChatGPT prompts. She is doing good business.
Is this a non AI hustle promoting Brilliant? The link in the description is clearly an affiliate one.
Its interesting how this is actually a faceless YouTube channel
And their blame China for creating things that people actually want our money is being wasted on things we never really wanted or ask for while China keys producing things he actually need and actually want and they are placing terrace on all of those items why is this even allowed come on man why is this government so terrible
I thought I would make easy money with AI but this video popped up
Does this apply after the launch of OpenAI o1
Bcoz more models will come and will help to create things
AI only works if you know what to ask, how to ask and understand what you are asking. Because 1.- if you are not asking the correct questions – you will not get the correct answer. 2.- If you dont ask the correct way – you will not get the way your answer 3.- if you don't understand what you are getting you don't know if its correct or not.
AI is a tool; like a hammer – you can use a hammer for everything and might get results but they will not be the best results or the result you want; unless you use the hammer as a hammer.
The guy that sell the snake oil get rich
Like anything else, it depends how you do it.
I’ll say one what ChatGPT excels is currently is simplifying workflows for people who are already skilled at something.
as someone who is learning to code, and has looked to chatgpt and other various AI to get clarification on concepts, or more explanation the sheer amount of inaccuracies i see is crazy. I even tried to have chatgpt write a basic program for space invader clone, the amount of errors it had in its code that i had to go back and fix anyway was staggering. it obvious its not made to create but supply already created information. and even then sometimes the information is just inaccurate. in another 15 years or so maybe AI will be able to genuinely create things from absolute scratch, just not anytime soon. It is truly fascinating stuff and what it can do is amazing but they are not some magic be all end all.
AI doesn't know your financial situation only if you tell it. Tell the AI everything you'd tell your financial advisor and… the answer will be better than what 80% financial advisors would create. And cost less.
Report for scams/fraud: Get Rich quick scemes
If someone has a guaranteed, easy, and super profitable money making scheme, they're never gonna sell you a course about it.
I'll be blunt, but this channel does feel AI generated. The voice is always the same, the images are always the same, the sounds are always the same. 😂
I don't think anyone dumb enough to fall for those scams is watching your channel.
1:50 Thats still a lot of Work tho This video is pointless and was it made in 2015??? Im pretty sure way more than 1% of channels get monetization very easily
I believe channels like this are made by people who never accomplished their dreams so you wanna stomp on other ppls you actually made some good suggestions for passive income as long as ppl have a good groundwork and also maintenance it properly but instead of encouraging ppl yu sat up here and got negative for no reason Everything you mentioned is replacing jobs for people who dont have opportunities Like Dropshipping and youtube is a legitimate money maker but your here callling it a Grift smh Just because you dont have any idea about how to make money doesnt mean its wrong
I think i saw some scam that said people can use AI to churn out shittily made AI books and then sell them on amazon or something. AI is gonna be the death of culture and creativity