Transcript

5 App Ideas for ChatGPT’s New App Store ft. Greg Isenberg

0:00 It is possible that You know, this becomes a big thing. And if it becomes a big thing, I I think that this is probably one of the bigger wealth creation moments in AI. I feel like I can rule the world, I know I could be what I want to I put my lawn in it like my day's own road, less travel, never look at the floor. So we're doing a special pod because Greg was on the pod where he showed me all these cool tools that he was using. Then at the beginning of the pod he was like

0:27 By the way, did you see that ChatGPT now has a new app store? And I said, No, I didn't. Let's just record and I want you to show me what's going on with the new Chat GPT store. And because this is my first million, if you can tell me a bunch of interesting business ideas that you see within the realm of the Chat GPT store. Because A lot of people don't know this, but I guess they could they could they could surmise this, but when when the app store first came out A bunch of the biggest businesses came about because they were early. They were first. That is that is true. So Let me give you a breakdown of what happened, why it's important, and I can share a bunch of ideas that I think

1:01 People should steal. Let me first Talk what what was announced. So Uh the other day Sam Altman talked it was Dev Day, so OpenAI's, you know, big developer conference.

1:14 Uh he launched the ChatGPT app store and Uh he gives this example of using Figma in chat GPT, which is a the design tool, and he says turn this sketch, like something that he drew out, into a workable diagram. And it was able to do it. Wow. Yeah, it's absolutely crazy. So the ability to use apps

1:35 Within ChatGPT basically turning ChatGPT Into Like a mini internet. Right. You don't need to leave chat GBT if you can just connect. Two apps.

1:47 Wow. The other Uh example he he uh one of his teams gave was like uh course era, the course platform. Uh, Coursera, can you teach me something about machine learning?

1:59 It connects. To uh Coursera, you have to connect with it. So you actually have to like log into it. So you can see here. Uh if you're watching this on video.

2:10 Um It shows like how chat TBT uses data. Apps may introduce risk, data is shared with the apps. And then it creates this canvas. Where you can actually Like instead of you know, it used to be Chat GPT was only text, now Chat GPT has this canvas that you can actually consume content in a more visual way. There's two ways to basically find

2:30 Uh some of these applications. One is you add it. And the other one is and the way the one I'm way more excited about is you just use chat GPT normally. And you say like Imagine I didn't at Coursera here and I said I wanna learn about machine learning.

2:45 And it just brings up Coursera. As a potential app. And that's the opportunity, right?'Cause if Someone listening to this can actually build an app so that it shows up when you ask it a question. One of the things that

2:58 Uh Sam Altman mentioned the other day Well, he announced that Uh ChatGPT has 800 million weekly active users. So you can get in front of 800 million people. Every single week. And sell them something.

3:12 Wow, okay, this is awesome. I just typed in On Chat GPT, I said how do I turn a drawing into a Into a Figma and then I added the Figma and it told me how to do it. Okay, that's awesome. Yeah, or here, I'll just throw I'll do one live for f for fun. Design. A new logo for

3:32 My podcast. The start up. Ideas podcast. Oh I forgot to Like

3:41 I forgot to mention who I want. So I want I think Canva yeah, Canvas was was one of them. So Can't Canada the forty seven billion dollar uh you know, design tool is one of the launch partners. It connects to the app. And then you just log in and it'll literally design a logo.

3:58 within chat G V T using Canvas software. I mean there it is. There it is. You know. I would give it a Six point five on ten. Um, but you know, it's something that I can iterate with and it's not something that you're gonna one prompt. Yet, but it is something that, you know, look, it says review and select one to continue editing. And then the font is so weird on some of them, it looks like it's a misspell.

4:23 But it's not I've never experienced that before. Look at the one on the far on on the third from the right. Yeah. That sometimes happens with Uh AI design is Like the The

4:34 the font's a bit w wonky. So you do you you you have to Again, like not one prompt it. It's gonna take multiple prompts, but like this isn't bad. And then also took like two seconds. Like I can make this better. That's awesome.

4:48 All right, guys, here's the thing about side hustles. Everyone wants one, but most people overthink about it and they never actually launch anything. But Because of AI, you can go from an idea to your first sale in only seven days. My old company, The Hustle, they just dropped an AI side hustle crash course. So basically what the hustle did was they looked at things that me and Sean and HubSpot CMO Kip Founder, they look at stuff that we said and they broke it all down into simple bite size steps.

5:19 Which means you're gonna get a guide that gives you everything you need to launch a side hustle without any of the guestwork. So you can get it right now. You can scan the QR code or click the link in the description. Now back to the show. So That was the announcement. Zillow was another one which I thought was cool. Let me just zoom into it.

5:40 Uh So you can see the full Zillow experience and then you can use natural language to use the AI. Pretty cool. Dude, I'm just kind of in awe right now a little bit. Um I uh I think Sean said something kind of funny, but it wasn't funny. It was very real. He was like every time I talk about this, I have to realize or ask myself, am I a

6:02 All powerful. now because I can do all this stuff or be completely irrelevant. And whenever I like look at this stuff, that's exactly how I feel. But that's wild. Okay. It depends on what he does with his information. You know what I mean? Like the people who Made the shift from web to mobile.

6:19 Crushed it. But there was a period of time when Facebook, I'm sure you remember had a bad And they almost didn't make the the leap to mobile. Now they're like a trillion dollar company. So I think that there's

6:31 I'm not saying it's a hundred percent possible, but it is possible that You know, this becomes a big thing. And if it becomes a big thing. You're gonna wanna have an app here. Okay.

6:41 So what apps or ideas do you think are in interesting to you right now? I'll tell you. Uh but I also I I do want to give the caveat that Chat GPT a couple of years ago launched something called custom GPTs. Do you remember those? Yeah, it was a flop. I tried making one. It didn't work. Yeah. And you know why I think it's a flaw up and why this is different? No one wants to download apps.

7:01 No one wants to go to a GPT store, set stuff up. Download apps. What makes This So much better is it's contextual.

7:10 You just type in Something on Chat GBT. And Yeah, su s you know, you you might have to mention it. But if you don't have to mention it and you just said, Hey, I wanted a logo design and then it pulls up Canva or pulls up another app.

7:26 The discovery uh opportunity is huge and it's just easier for the customer'cause they don't have to like Set up anything. Yeah, yeah, yeah, yeah. No, I I think it's it's gonna be great. I actually um invested in one or two companies where they wasn't going amazing and they pivoted into a chat GPT plugin and they're killing it.

7:47 And uh so like we've talked about WordPress plugins um and a bunch of different plugin businesses and and I'm on board with those and so I'm eager to see what ideas you have uh that are related to Chat GPT for both apps and plugins. Yeah. So I've got fifteen ideas. That

8:03 I scraped from Ideabrowser.com my app. I want you to pick Like we can talk about one that I you know, these are my the ones that are highlighted are my favorite ones, but I'm happy to pick and go through any of them. Go to um So zoom in a little bit more, but it looks like the AI tax guy.

8:20 Yeah, I talked to her. So imagine if you were able to prompt file my quarterly taxes. It shows a custom UI that shows deductions, auto filled forms. One click filing. It connects to your Stripe Lat and Google Drive.

8:35 And Someone is gonna build my tax guy in a prompt on Chat GPT and it it's it's A huge opportunity. You know what's interesting? There's a guy on Twitter who has a uh A I app that he made uploading your bank statement.

8:50 Bank statement converter dot com. Bank statement converter dot com. How much revenue does bank stake s uh statement converter dot com make? Does it like fifty or eighty grand a month? I think it's forty to fifty thousand dollars a month. Okay. So it's a very, very niche thing. But it's a thing where if you need it, you really need it. And because uh of for a bunch of different reasons, I have many K one, which frankly I barely know what a K one is. But I know that when my wife is getting ready to do our taxes, she's like, I do the K one for this, K one for that and we have like sixty or eighty of them. We have a lot of'em.

9:23 And just finding them. In my Gmail. takes forever because what happens when you invest in real estate or you know different projects, you get K1s and they don't all they come from each vendor and they come at a variety of times and they're in all different formats. The K one forms the same, but like it's sent as an attachment in an email. What would be intriguing is you could just Um, do this to find all my K ones in my Gmail fast. That's so good.

9:49 Like K1 agent. That's a great idea. Someone should go build it. This dude from Banksname and Converter dot com is it's literally a dude. One person Look at this website. It looks like the Berkshire Hathaway website, but for converting PDF. It's awesome. It just you cli a big big button, convert

10:07 To PDF. And I think what you're gonna see potentially happen With to with the with this news is Apps like this are going to live within chat GPT. So

10:18 If you ever saw stories about people like Banks name and converter and you're like, Oh, I wish I started that. That's so simple. If you're listening to this, you're early. Now's the time you should be building that within Chat GPT's S T K. Today's episode is brought to you by HubSpot. Being a know it all used to be considered a bad thing, but in business, knowing it all, it's everything. Because right now, businesses are only using about 20% of their data unless you have HubSpot. That's where they take data that's buried in emails and call logs and meeting notes. They become insights that help you grow your business because when you know more, you grow more. You see, being a know it all isn't so bad after all. Visit hubspot.com to learn more today.

10:53 All right, what's another one? You tell me. You p w which ones fan do you fancy? The AI healthcare concierge. So Here's the problem.

11:03 Find me the best dermatologist near me that takes Blue Cross. Your app connects to Zoc Doc insurance networks and then shows an interactive local map and booking options. And then you just make money with affiliate. Like this is just a Or the gets acquired by Zoc Doc.

11:19 Or some of these big companies. But if you can own this. High demand. Query. It's worth a lot of money.

11:28 How would you make this? Well, I'm lucky, right? Like I I have a design firm that builds apps like this, so I would just hire my own firm to build These apps. Like we we just announced we're building apps like this. So

11:41 I would just use my firm, but if I didn't have a firm and I'm just a one man person I'm using, you know, clawed code and I'm building I'm our cursor and I'm I'm building this out. How long would that take? I would say

11:54 Realistically. Two to three weeks to get something that's working really well. And then you need a Probably well then you'd have to make sure that you get approved by Open AI. Which

12:05 You know, might take some more time. But maybe four four weeks in total. Thirty days. That's crazy. The other thing I would do, like You know, I'm talking my own book, but this is I built this for myself. Is

12:18 I would You know, there's a a button on idea browser that's build this idea. I don't think I've ever shown This publicly anywhere. Um but you can actually just go and build For like

12:30 The ad creative, the brand package, the landing page, the content calendar, the email funnels, the email sequence, the lead magnet. With all the optimized prompts. And that's what I would do. Have you ever seen that meme of uh like a big meathead sitting at the computer and he's like Build me a business that makes a hundred million in revenue in three days, don't make any mistakes, start now.

12:51 Mm-hmm. Yeah. Yeah, it still needs you still need a human now, you know? Like I think uh the mistake a lot of people make is they'll use something like Something like this or or just the

13:02 Prompt themselves and they'll be like, Why aren't customers coming? Well it's You this is like an opta all your optimized prompts in one place. Specific. To each L M or AI tool.

13:15 But You still need to like review it, make sure it works, and optimize it from there. So that's what I would do. I would probably do first version on On you know, idea browser. Probably is, you know. Claude.

13:28 V Zero. Get some emails uh A pl and try to just try to s launch something in thirty days. My last company, The Hustle, the year we sold, I was thirty one years old and we were gonna do about eighteen million dollars in revenue. I frankly didn't have a lot of peers. I didn't know a lot of people who were ambitious like me.

13:47 And this meant that I was making decisions that could cost me maybe five, ten, even more millions of dollars worth of money. I was making them all by myself. This all changed, however, when I got a group of peers. And that's, by the way, how this podcast sort of started. Sean was in my group. And we met every month. It sort of became a personal board of directors. And it frankly changed my life. And that's why I started my company Hampton. Joinham dot com. The entire idea is that we make core groups just like this, just like the one that I had of other entrepreneurs who have been there, done that, and we give you guys a time and a place

14:24 to sit down and have these very honest, confidential conversations where you can share business ideas, you could talk about hiring, you could talk about all these decisions that you typically have to make all by yourself. the biggest risk in my opinion is not failing. You're you're gonna be fine. Your business is probably gonna work. It's that in ten years you look back and you think, damn, I blew it. I blew this opportunity because I was making decisions by myself. I was making decisions out of fear and I did not grow. I did not maximize the opportunity. I'm telling you, it can save you ten years of headache and of heartache, and you can make better decisions so much faster. And the best part is that with Hampton, these core groups that we make, we make'em in real life, in your city.

15:04 We're in Atlanta, Austin, Boston, Chicago, Dallas, Denver, London, LA, Miami, New York, SF, Toronto, and Vancouver. And so if you're running an internet company that does at least three million dollars a year in revenue, or you've raised at least three million dollars in funding, or you've sold the company for at least 10 million dollars, go to joinham.com. This is my company, Sam from MFM. I review every single person who applies. So again Join Hampton.

15:30 Dot com All right, what else do you got? This is fun. Keep going. So Memes are getting more and more popular, especially in an AI age.

15:41 I think that Whoever owns the make a meme about s you know, XYZ topic. Is you know Probably makes a few million dollars a year. Uh can you do this now in ChatGPT or Perplexity?

15:54 Perplexity's comment. You could do it on chat GPT, it's just not optimized. Um, and that's the opportunity. Is like that's why Deb day happened, right? Chat GBT realizes that they need

16:07 Apps like this. I think they've realized two things. They need apps like this to exist. So that people stay on the platform more. Um And they realize that they can do everything.

16:18 Um so what's what's AI grandma? This is a fun one. Uh You know, I I think that a lot of people are uh feeling overwhelmed right now and They might not want Andrew Huberman advice or even Greg Eisenberg advice.

16:33 Or some power advice. Sometimes we just need an AI grandma to give us old school, warm, blunt and human advice. So I think that there's an opportunity to build like a life advisor and you build a brand around like an eighty five year old woman. Who like bakes apple pies. Have you built any of these yet?

16:52 Well uh I'm b we're building like actively right now. For yourself or clients. Uh for both. And That's gonna take two to three weeks to get the M VP. Uh yeah. MVP. It depends like what we're building. Like

17:07 You know, AI grandma. Could take. You know. A few days. But like if you're building like

17:14 Uh your K one one, you know one, that's like a a little more that's more complicated. So it depends which one. But it can take anywhere from days to Yeah, for an MVP thirty days. Let's talk about this credit score uh credit score one. Man, up up until so When up until recently I had a c very low credit score because I didn't use

17:34 Too much credit. But I didn't realize that I had a um Apparent one time I like fell on a on a when I had a job years and years ago and I had to take an ambulance ride and I didn't realize they didn't pay it. And so my credit got dinged. And so I had a credit score, I never checked it, of like five eighty.

17:52 Uh and I was like, What the hell? And when I wanted to get a mortgage for a house, I couldn't get a mortgage. And I was searching for how do I like How do I make my credit better? Like is there a firm I can hire to just do the work for me? And it was impossible and it's incredibly scammy. the credit repair industry was incredibly scammy. And so I'm eager to see how you can improve my credit. Yeah, so I had the same problem, which is why I added this uh here. So I actually don't have a great credit score.

18:19 Um, I don't have a bad credit score. It's as fair. But I started and sold You know, companies like I should have a good credit score, you know? So I'm not sure why.

18:29 But like Banks don't have Banks and companies like Experian. They're They're not let's just say they're not at the forefront of technology. Yeah. Um so I think that there's an opportunity to I think there's tons of people

18:43 who are asking how do I fix my credit score, you can actually go and check that Keyword volume. It's s w worth so much money. And you know, if you can have something that it detects that, you know, it detects the intent, it surfaces your app. I think you need to have a really good domain like repairmycred score.com.

19:02 Um That's probably taken, but something like that. One of the reasons why bank statement converter.com w worked is because the domain was really good. So you you know, there is gonna be a bit of more of a startup cost here. You might have to spend 10, 15, 20,000 on a domain. But I think that this is one of the more no brainer uh examples where you know it connects to a you know Equifax or Experian. There's this interactive UI with dispute templates, score simulation sli sliders, next step actions, and then you just either do referral fees or you charge for it. Does um do the dot AIs uh do just as good as the dot com?

19:38 From uh SEO perspective from a Uh perspective. SEO. Um, dot com is like your is Manhattan, you know?

19:47 Uh Dot AI is like your it's your it's Williamsburg. You know, it's so cool. Yeah. But Manhattan's Manhattan.

19:55 Well. It's uh but the dot AI is available, my friend. Oh is it? Yeah. Repair my creditscore. I. Why don't we

20:03 buy the the domain and get you know give it to someone who like likes and comments on this YouTube video. I can do that. Or you know, or something like that. And and you know, just inspire people to actually go and'cause I want people to build apps, you know? Um That's a good idea. I'll buy I can I'll buy and give it to someone. Yeah. That's fifth for year one. And I have to use uh perplexity's uh comment.

20:27 To uh find the discount code. And do you o you don't own any equity? You're just giving it to them for free, right? I But no, I they they can have it. It's just a g uh a fifty dollar gift. Uh uh From MFM to them.

20:40 If if if they get to a million dollars a year, what do they Where they need to do what do they have to do for you? Like uh A hundred dollar door dash gift card would suffice. A two X return. Yeah. Yeah. A Doy Dash gi gift card. If I get the if if I can get like

20:58 Like so much Chick fil A. And I don't even want Chick fil A, I just want the unbreaded chicken nuggets. If I can give us get like about four pounds of that, that would be that would have been worth the time. Cool. Um Thanks for thanks for having me on. And uh

21:16 Hope you're inspired. Thank you, Greg. That's it. That's the pop. I feel like I can rule the world. I know I could be what I want to. I put my all in it like my day song On the road less travel never looking back This episode is brought to you by HubSpot Media. They have a cool new podcast that's for AI called The Next Wave. It's by Matt Wolf and Nathan Lands. And they're basically talking about all the new tools that are coming out, how the landscape is changing, what's going on with AI tech. So if you want to be up to date on AI tech, it's a cool podcast you could check out. Listen to the next wave wherever you get your podcast.