TLDR:
- Have a product that’s worth paying for in the first place. 90% of the wrapper businesses are selling prompts that take no more than half an hour to make. Spend more time on it. Think about why most sequels of successful franchises flop: they just see it as a get-rich-quick scheme to milk what’s left of the cash cow. The principle applies here as well.
How this niche is saturation personified
Recently, many people have given a shot at creating a ChatGPT prompt/wrapper business, marketing it as a Software as a Service (SAAS), with 90% of them wondering why no one is buying them.
Here’s the number one reason: have a product that’s worth paying for in the first place.
If you’re spending no more than half an hour to create your product, it’s not worth paying for.
To create something that’s worth paying, for starters, spend more time on the craft.
It’s like why most sequels of successful franchises flop: they’re done haphazardly in an attempt to milk the cash cow some more.
The principle applies here as well.
If your business model is oriented around custom instruction, then a one-size-fits-all approach will not work as seen with most wrapper businesses.
Niche it down to the max, and create prompts that are tailor-made to various scenarios that the customer could customize to their liking and the predicament they find themselves in.
Check out our free downloadable PDF to use as a guide, and to learn about how you can unleash ChatGPT’s potential for your personal brand.