I’m joined by Justin Welsh, a 7-figure Solopreneur & Creator, where we dive deep into how we would build an AI-powered book empire and the opportunities and challenges that AI brings.
1) AI-powered book empire 📚
Greg's step-by-step process:
• Use Claude/GPT-4 to brainstorm book concepts
• Analyze Amazon bestsellers with Jungle Scout
• Generate detailed outlines with AI
• Use Grammarly & Hemingway app for editing
• Leverage Bookstat for real-time sales data
2) The rise of AI brings opportunities AND challenges
• AI will devalue most content, making it harder to stand out
• Top 1% of creators may earn 100x more due to increased demand for quality
• Early adopters can capitalize on AI-powered content creation
• Long-term success still relies on unique perspectives and staying power
3) Creator-led businesses: The new frontier
• Example: Midday Squares
• Buying products as a "tip" for valuable content
• Stand out in a world of commoditized products by becoming a person people want to support
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Episode Timestamps:
0:00 Intro
01:49 Startup Idea 1: AI-powered book empire
05:46 Step 1: Brainstorm book concepts / generate detailed outlines with AI
08:19 The rise of AI brings opportunities AND challenges
18:22 Step 2: Leverage AI to create and edit content
22:03 Step 3: Track the sales of competitors
23:46 Step 4: AI-powered book formatting
27:09 Step 5: Create the audiobook version of book using AI narration
30:27 Step 6: Self Publish Book
32:02 Startup Idea 2: All-in-one Solution for SaaS Verticals
39:18 Framework: The power of Creator-led businesses