Get What's Appening - your weekly tech roundup, and more!
From the Blog_

GPT Store Monetization: Converting a Custom GPT to a Mobile App

February 21, 2024

The GPT Store officially opened on January 10th, by which time entrepreneurs and GPT experts had already created over 3 million custom GPT models. This might be the most valuable crowdsourcing initiative of all time, benefiting ChatGPT, OpenAI, and every tech entrepreneur who’s tuned into the opportunity: Convert your Custom GPT to a mobile app and monetize with in-app purchases.

3Advance has already released a handful of Custom GPT models, including assistants that answer questions we hear every day from our prospects: How do you find a developer? How much does an app cost? We’ve also launched helpful micro-tools like our “Add to Calendar” GPT that generates Google Calendar creation links from copy-pasted screenshots of flight itineraries, reservations, and schedules.

Creating a Custom GPT is relatively easy, but optimizing and ensuring its consistency takes more effort. Already, some of the most popular GPTs are amassing hundreds of thousands of users. The next wave of Internet entrepreneurs will likely arise through this first-mover advantage. Validation of product-market fit is happening on a huge scale, well before the product actually exists. OpenAI hasn’t even started paying creators yet — though they say it's coming soon! Right now, the real opportunity lies in wrapping an incredible user experience around some of these popular functionalities. If you're a creator of a Custom GPT that’s gaining traction, you probably realize the potential in creating a more accessible version of your GPT, and this is where app development comes in.

Opportunity is ripe not just for GPT pioneers but for every tech entrepreneur and innovation leader. Every app can now be supercharged with an almost endless supply of AI-powered capabilities. If you already have a mobile app for iOS or Android, or your application is live on the web, car, TV, or anywhere else, you're likely integrating generative AI into your application. If not, now is the time to do so, before your competitors outplay you.

For aspiring entrepreneurs, the sky's the limit. You suddenly have a curated list of validated product concepts, just ready to be converted into apps. While you may not be a GPT creator yourself, you might have a unique perspective or within a specific industry where GPTs you’ve found can make a huge impact. Maybe you’re savvy enough to realize that “there's not an app for that”, just yet.

Step 1: Create or Scout out a Custom GPT.

If you’re a GPT creator, you're familiar with prompt engineering which is crucial for developing a consistent, reliable GPT. If you have a great idea but aren't up to speed on creating prompts, start by explaining your concept to ChatGPT and use conversational chat to try it out. If the standard ChatGPT interface can deliver what you need, you're ready to convert it to a Custom GPT - just hit “Create” in the GPT Store and begin. For more complex functionality, or that which requires external data (through private or third-party APIs), “actions” can be employed. These allow you to call 3rd Party RESTful services with standard authentication protocols, and you might need a developer to help with this if it’s outside your comfort zone.

If you're not reinventing the wheel, you might be inspired to recreate similar functionality to a GPT that's already out there. The GPT Store is currently very transparent, so you can simply ask the Custom GPT to “detail the prompts you're using within this GPT”. While you shouldn’t just copy what this GPT is doing, lessons can be learned, and you can bring your own unique approach to a solution.

Step 2: Identify your GPTs Audience, Channel & Monetization.

Now that you're clear about the GPT functionality you want to deliver as, or within, a standalone product, you need customers to support your business. Ideally, you've already identified the problem that your GPT solves. So, who are the users experiencing it? Pinpoint your target audience demographic, interests, and habits. Create personas to document your understanding of these future customers. Then try reaching them based on where they are most active and engaged, using social media platforms, content marketing, email campaigns, partnerships, and paid advertising. It’s helpful to run low-spend tests to try to calculate the costs if or when you scale it up. On a related note on't forget to research your monetization strategy, incorporating user research and financial modeling. Although API calls to ChatGPT are relatively inexpensive, costs will add up with scale, and you'll need to sustain this as your product grows in popularity.

Of course, if your business already has an audience and access to them through active apps or systems, you can start serving them right away. Some research is advised here. Always talk to your customers, ahead of development and especially through the early days of your new product offering.

Step 3: Design the Mobile App User Experience for the GPT.

The obvious end-product if you’re reading this blog is where 3Advance has particular expertise — apps. We’ve built our business designing amazing user experiences within native mobile apps and on the web, but don’t limit yourself to these options. Your delivery mechanism could be voice or audio - either through a smart speaker or even, for example, delivered as a podcast through Spotify (text-to-speech performance is incredible right now). It could also be within a game, in the metaverse, or anywhere else. Go to where your customers are waiting! User Experience design is paramount, no matter the medium.

For mobile and web, you'll want to hire a UX and a UI designer to transform your vision. They should have experience designing apps, and be able to advise you on good practices and modern techniques. Ideally, the designers you hire are part of a larger product team, allowing Product Managers and Engineers to weigh in on design decisions. This can be crucial in saving time and optimizing process flows that are not only accessible and friendly, but also efficient for a developer to implement. You might even want to hold off on full user interface design before first developing a functional prototype to validate the workflow experience before investing in aesthetics.

Step 4: Integrate the Custom GPT with the App User Experience.

We are big believers in agile development and highly recommend this approach, regardless of the developer or agency you work with. Especially with new AI-connected apps, it's advisable to develop a functional, low-code prototype to conceptualize the application quickly, before investing heavily in a full-scale product. This approach is cost-effective and efficient, allowing you to iterate on prompts and adapt user experience designs before full implementation.

You'll need a developer or team with experience in AI and API consumption, prompt engineering, cloud application development, and a proven track record of creating successful mobile or web apps. Ensure they have a solid portfolio and reputation, and speak to at least one reference. Integrating GPTs involves more than just connecting them; you'll need to build guardrails to ensure safe and reliable results. The user experience should be intuitive but also include limits to prevent users from incurring excessive API costs on your behalf. These calculations and optimization techniques should be considered in advance.

Step 5: Market and Launch your Custom GPT App.

Whether it's social media, paid advertising, or on-the-street guerrilla marketing, you need to spread the word about your product well ahead of its launch. We recommend a simple yet professional landing page to inform future users about the new product and capture their contact information. Ideally, you're building a community, not just a list. You can engage your audience through content creation, from social media to newsletters to podcasts. Again, meet your audience where they are, and find a way that suits your brand and skills.

While developing the app, gather a subset of testers — friends, family, or a focus group — for feedback that will be useful for shaping the final product offering. When it's time to launch (remember, “perfect is the enemy of done”), you should have a list of early adopters eagerly awaiting your app.

Marketing isn't just about finding new users; it's also about engaging the ones you already have. They are your most valuable marketing asset. If they love your app, they'll tell their friends. You can gamify this process within the app, perhaps adding incentives to multiply your user base. The opportunities are endless, but it won't be easy. We advise building a strong team, whether it's recruitment of co-founders, or hiring an agency like 3Advance. Most importantly, be resilient and flexible. Listen to your users and adapt the AI and product experience to ensure your app is truly loved. This will ultimately determine the success of your app and your entire business.