I've spent the last year perfecting prompts for Midjourney and GPT-4 for the real estate industry. I'm thinking of packaging these into a "Prompt Library" to sell on Gumroad. Does anyone have experience with this? How do you protect your intellectual property, and is the market for "Prompt Packs" already too saturated for a beginner to make a decent profit in 2024?
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The "general" prompt market is saturated, but the "niche" market is starving for quality. I started selling a "Legal Prompt Kit" for paralegals back in 2023. I don't just sell the prompts; I sell a video tutorial on how to use them with their specific documents. That’s the value add. To protect your IP, focus on building a brand and a community around your prompts. People can copy a text string, but they can't copy your expertise and support. I’m making about $900 a month in passive sales now.
Rebecca, that’s impressive! How are you finding your customers? Are you using social media to "tease" the results of the prompts, or are you relying on SEO for your Gumroad shop?
You should consider a "Subscription Model" where you update the library monthly as the models change. It provides much more long-term value than a one-time purchase.
Cheryl is right. Models update so fast that a 2023 prompt might be obsolete by 2024. Jordan, offering "lifetime updates" or a sub is a huge selling point!
Nathan, I use LinkedIn almost exclusively. I post a "before and after" of a legal summary created with my prompts. When people see the time saved, they click the link. SEO is good for long-term traffic, but for "new" tech like prompts, showing the immediate utility on social media is much faster for conversions.