ChatGPT Prompt Share: Brainstorming Monetization Strategies Beyond Ads and Sponsorships

December 10, 2023
Author: Jonathan Mast

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ChatGPT Prompt

I’m looking to diversify the monetization strategy for [My business] beyond relying solely on ads and sponsorships. [Provide a brief overview of the business model and audience]. While these will remain part of our model, I need ideas for generating additional revenue streams from our existing assets and audience reach.

Please suggest 8-10 creative monetization tactics we could potentially implement, keeping the following criteria in mind:

Relevant to the [type of business] space and our target audience
Aligns with our brand voice and positioning
Easy to integrate without detracting from user experience
Has the potential to drive significant incremental revenue
Preferably recurring vs one-time revenue
Cost-effective to implement and maintain

For each idea, outline how it would work, projected revenue potential, costs involved, examples of comparable businesses executing it successfully, and any pros/cons or risks to consider. The goal is to diversify our monetization strategy with high-upside, scalable options suitable for a [type of business like ours].

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Jonathan Mast

Transform your expertise into undeniable authority using AI and proven digital strategies. Jonathan Mast shows entrepreneurs and professionals how to leverage artificial intelligence to dominate their niche, attract premium clients, and become recognized thought leaders. Featured at The Commitment Summit, Scale With Stability Summit, and Grow with AI Summit, Jonathan delivers actionable strategies that help audiences triple their productivity, create compelling content at scale, and build powerful personal brands. His unique approach combines cutting-edge AI tools with over 25 years of digital marketing expertise to help clients work smarter, not harder. Through White Beard Strategies, Jonathan has guided 400+ professionals to claim their expert status and transform their digital presence. His mission is empowering others to provide so much value that they naturally become the go-to authority in their field. When not helping clients revolutionize their businesses, this Michigan-based entrepreneur can be found capturing life through his camera lens or exploring open roads on his motorcycle.