Training ChatGPT as Personas

Creating Executive Roles / Personas in ChatGPT

For fun, we thought we would create a CEO, a Director of Marketing, and a Director of Sales in chatGPT to see what they could do to help us out or give us ideas on how to operate. Below are our starting prompts.

ok i am going to train you to be the CEO so you will now be the CEO / Owner of a digital marketing agency called tempeagency. I do not need any responses until i ask for them after the training

Here is our second prompt

notice we are being very specific in our prompts. The better and more specific we are the better and more refined the output will be.

Our goal is to reach $40,000 a month in profit by the end of June 2023. Our profit margin is 11%. I am hiring a Director of Marketing and Director of Sales and we have one sales person and 3 web developers that can handle all the technical jobs from web design to PPC. We currently bill 5000 to 15000 per month to our 5 clients depending on billable hours

Ok let’s create our Director of Marketing

Again we want to create a specific type of Director of Marketing so we thought we would create Gary V. as our Director of Marketing

ok i want you to assume the role of Director of marketing in the style of Gary V. I will train you and don't need any output from you yet

Now that we have that started we go back to our CEO and get a list of responsibilities to give from the CEO to give to the Director of Marketing. Here is the prompt and the information from the CEO.

ok here are your goals and responsibilities :
Responsibilities:
Develop and execute comprehensive marketing strategies to increase brand visibility, generate leads, and drive revenue growth.
Conduct market research to identify target audiences, their needs, and the most effective channels to reach them.
Oversee the creation and implementation of digital marketing campaigns, including SEO, PPC advertising, content marketing, social media marketing, and email campaigns.
Manage the company's online presence, including the website, social media accounts, and other relevant digital platforms.
Collaborate with the sales team to align marketing efforts with sales goals and develop lead generation strategies.
Track and analyze marketing performance metrics, such as website traffic, lead conversion rates, and ROI, and make data-driven decisions to optimize campaigns.
Stay up to date with industry trends and best practices in digital marketing, and provide guidance and training to the marketing team.
Goals:
Increase brand awareness and visibility in the digital marketing industry.
Generate a steady flow of qualified leads to support sales efforts.
Improve conversion rates and customer acquisition by optimizing marketing campaigns.
Enhance customer engagement and retention through effective marketing strategies.
Expand the company's online presence and reach through targeted digital marketing initiatives.
Establish TempeAgency as a thought leader in the digital marketing field through content marketing and thought leadership initiatives.
Contribute to the overall revenue growth and profitability of the company.

Ok let’s create our Director of Sales

Again we want to create a specific type of Director of Sales so we thought we would create Zig Ziglar. as our Director of Sales

ok i want you to assume the role of Director of Sales in the style of Zig Ziglar. I will train you and don't need any output from you yet

Now that we have that started we go back to our CEO and get a list of responsibilities to give from the CEO to give to the Director of Sales. Here is the prompt and the information from the CEO.

OK here are your goals and responsibilities from the CEO: Responsibilities:
Develop and execute a comprehensive sales strategy to drive revenue growth and achieve sales targets.
Lead and manage the sales team, providing guidance, support, and training to ensure their success.
Identify target markets, customer segments, and industries for business development efforts.
Build and maintain strong relationships with existing and potential clients to understand their needs and provide effective solutions.
Oversee the sales pipeline, monitor sales metrics, and track performance against targets.
Collaborate with the marketing team to align sales and marketing efforts and develop lead generation strategies.
Analyze market trends and competitor activities to identify opportunities for business expansion.
Develop and deliver compelling sales presentations, proposals, and pitches to prospective clients.
Goals:
Meet or exceed monthly and quarterly sales targets to contribute to the company's revenue goals.
Expand the client base by acquiring new clients through effective prospecting and lead conversion.
Maximize upselling and cross-selling opportunities to existing clients by identifying their evolving needs.
Foster strong relationships with key clients to encourage loyalty and long-term partnerships.
Continuously enhance the sales team's performance through training, coaching, and motivation.
Stay up to date with industry trends and changes, and adapt sales strategies accordingly.
Collaborate with the marketing team to optimize lead generation and conversion rates.
Contribute to the overall profitability and growth of the company.

OK now we can get some stuff done

Here is where we can really have some fun. We have 3 different roles created with personalities based on what ChatGPT knows about the business and historical styles of our team. Now let’s create some work and direction for our team. We will start with the CEO and get information to copy and paste to the Director of Sales and Director of Marketing. Then we will have the Director of Marketing and Director of Sales create a plan for the CEO. We will give the CEO the plans and have him write a schedule for the next 3 weeks for everyone. We will also be very specific when giving prompts to all three so we can keep things on track.

OK we have a new product coming out we will be using PPC in Google to drive traffic to a landing page to generate leads for sales. The product is a introductory offer to managed PPC for potential clients in the dental field who own dental office around tempe az, chandler az, and mesa az our target is managers, and owners. We are offering managed PPC for new dental customers in their area and are offering the service at $1500 per month. Our labor for the product runs about 60% and hsitorically customers on this type of product stay with us for about 18 months. Please give me a list of to dos and a description of the product so I can communicate it to the director of sales and the director of marketing. Also include a request for a plan in each

Here was the output

Product Description: We are introducing a new product at TempeAgency called Managed PPC for Dental Offices. This product is specifically designed for dental office owners and managers in the Tempe, Chandler, and Mesa areas. The primary goal is to generate leads and increase visibility for dental practices through targeted Pay-Per-Click (PPC) advertising campaigns on Google.

With Managed PPC for Dental Offices, we will handle all aspects of the PPC campaigns, including keyword research, ad creation, bid management, and ongoing optimization. Our experienced team will ensure that the dental offices’ ads are displayed prominently to potential customers in their local areas, driving relevant traffic to their websites.

Key Points:

1. Target Audience: Dental office owners and managers in the Tempe, Chandler, and Mesa areas.
2. Service Offered: Managed PPC advertising campaigns on Google.
3. Pricing: The introductory offer for this service is set at $1500 per month.
4. Service Duration: Historically, customers tend to stay with us for approximately 18 months.
5. Value Proposition: By utilizing our Managed PPC service, dental offices can increase their online visibility, attract more potential customers, and ultimately grow their business.

To-Do List for Director of Sales:

1. Develop a target list of dental offices in the Tempe, Chandler, and Mesa areas.
2. Create a compelling sales pitch highlighting the benefits and value of Managed PPC for Dental Offices.
3. Establish a pricing strategy, considering any potential discounts or incentives for new customers.
4. Identify key decision-makers within the dental offices and create a plan to reach out to them.
5. Set specific sales targets and objectives for the sales team to achieve.

Request for a Sales Plan: Director of Sales, please provide a detailed sales plan outlining the following:

1. Lead Generation Strategy: How will you generate leads for the Managed PPC for Dental Offices service? Specify channels such as cold calling, email campaigns, referrals, or networking events.
2. Sales Process: Outline the steps involved in the sales process, including initial contact, discovery calls, product presentations, negotiations, and closing.
3. Sales Target: Define the monthly and quarterly sales targets for the Managed PPC for Dental Offices service.
4. Sales Collateral: Describe the marketing materials or sales collateral needed to support the sales efforts, such as brochures, presentations, or case studies.
5. Sales Training: Provide a plan for training and onboarding new sales team members, ensuring they have a comprehensive understanding of the product and its benefits.

To-Do List for Director of Marketing:

1. Conduct market research to gain insights into the dental industry in Tempe, Chandler, and Mesa.
2. Develop a targeted PPC campaign strategy, including keyword research and ad copy creation, focused on reaching dental office owners and managers.
3. Design and optimize a high-converting landing page specifically tailored for the Managed PPC for Dental Offices service.
4. Implement tracking and analytics to measure the performance and ROI of the PPC campaigns.
5. Develop a lead nurturing strategy to engage and convert leads into customers.

Request for a Marketing Plan: Director of Marketing, please provide a comprehensive marketing plan that includes the following details:

1. PPC Campaign Strategy: Outline the approach for creating and managing PPC campaigns, including budget allocation, targeting options, and ad testing strategies.
2. Landing Page Optimization: Describe the plan to create an effective landing page that highlights the benefits of the Managed PPC for Dental Offices service and encourages lead generation.
3. Lead Generation Tactics: Specify the marketing channels and tactics you will utilize to generate leads for the service, such as content marketing, email campaigns, social media advertising, or referral programs.
4. Measurement and Analytics: Detail the tracking methods and key performance indicators (KPIs) you will use to evaluate the success of the marketing campaigns

Let’s get a plan from Director of Sales

here is the prompt

ok this is a communication from the CEO about a new product and what the CEO wants from you - Product Description: We are introducing a new product at TempeAgency called Managed PPC for Dental Offices. This product is specifically designed for dental office owners and managers in the Tempe, Chandler, and Mesa areas. The primary goal is to generate leads and increase visibility for dental practices through targeted Pay-Per-Click (PPC) advertising campaigns on Google.
With Managed PPC for Dental Offices, we will handle all aspects of the PPC campaigns, including keyword research, ad creation, bid management, and ongoing optimization. Our experienced team will ensure that the dental offices’ ads are displayed prominently to potential customers in their local areas, driving relevant traffic to their websites.
Key Points:
Target Audience: Dental office owners and managers in the Tempe, Chandler, and Mesa areas.
Service Offered: Managed PPC advertising campaigns on Google.
Pricing: The introductory offer for this service is set at $1500 per month.
Service Duration: Historically, customers tend to stay with us for approximately 18 months.
Value Proposition: By utilizing our Managed PPC service, dental offices can increase their online visibility, attract more potential customers, and ultimately grow their business.
To-Do List for Director of Sales:
Develop a target list of dental offices in the Tempe, Chandler, and Mesa areas.
Create a compelling sales pitch highlighting the benefits and value of Managed PPC for Dental Offices.
Establish a pricing strategy, considering any potential discounts or incentives for new customers.
Identify key decision-makers within the dental offices and create a plan to reach out to them.
Set specific sales targets and objectives for the sales team to achieve.
Request for a Sales Plan: Director of Sales, please provide a detailed sales plan outlining the following:
Lead Generation Strategy: How will you generate leads for the Managed PPC for Dental Offices service? Specify channels such as cold calling, email campaigns, referrals, or networking events.
Sales Process: Outline the steps involved in the sales process, including initial contact, discovery calls, product presentations, negotiations, and closing.
Sales Target: Define the monthly and quarterly sales targets for the Managed PPC for Dental Offices service.
Sales Collateral: Describe the marketing materials or sales collateral needed to support the sales efforts, such as brochures, presentations, or case studies.
Sales Training: Provide a plan for training and onboarding new sales team members, ensuring they have a comprehensive understanding of the product and its benefits.

Here is the response

Dear CEO,

Thank you for introducing the new product, Managed PPC for Dental Offices. I am excited about the opportunity to drive its success and contribute to the growth of TempeAgency. Based on your instructions, I have developed a detailed sales plan that addresses each of the requested points.

Lead Generation Strategy:

1. Targeted Database: Utilize our existing database and market research to compile a comprehensive list of dental offices in the Tempe, Chandler, and Mesa areas.
2. Referrals: Leverage our existing client base and professional networks to seek referrals from satisfied customers and industry connections.
3. Cold Calling: Develop a team of skilled sales representatives to engage in targeted cold calling campaigns, reaching out to dental offices to introduce Managed PPC for Dental Offices and schedule discovery calls.
4. Email Campaigns: Create a series of well-crafted email campaigns to engage potential customers, highlight the benefits of our service, and encourage them to schedule a consultation.
5. Networking Events: Attend local dental conferences, trade shows, and networking events to establish connections with dental office owners and managers, presenting our service and generating leads.

Sales Process:

1. Initial Contact: Sales representatives will make the initial contact through cold calling or email campaigns to introduce the Managed PPC for Dental Offices service and schedule discovery calls.
2. Discovery Calls: Conduct in-depth discovery calls with potential customers to understand their specific needs, challenges, and goals. Present the benefits and value of our service and address any concerns or questions they may have.
3. Product Presentations: Schedule product presentations with interested prospects, showcasing the features and benefits of Managed PPC for Dental Offices. Tailor the presentations to highlight how our service can address their unique requirements and help them achieve their goals.
4. Negotiations: Work closely with potential customers to negotiate pricing and contract terms, ensuring a mutually beneficial agreement.
5. Closing: Facilitate the signing of contracts and closing of deals, providing all necessary support and documentation to make the process seamless.

Sales Target:

• Monthly Sales Target: Achieve a minimum of 10 new dental office sign-ups for Managed PPC for Dental Offices.
• Quarterly Sales Target: Achieve a minimum of 30 new dental office sign-ups for Managed PPC for Dental Offices.

Sales Collateral:

1. Sales Presentations: Develop compelling presentations highlighting the benefits, features, and success stories of Managed PPC for Dental Offices.
2. Brochures: Create informative brochures that outline the service details, pricing, and key value propositions.
3. Case Studies: Compile case studies that demonstrate the positive impact our service has had on other dental offices, showcasing increased leads, improved visibility, and business growth.

Sales Training:

1. Product Training: Conduct comprehensive training sessions to educate the sales team about Managed PPC for Dental Offices, covering all aspects of the service, its features, benefits, and value proposition.
2. Role-Playing: Engage in role-playing exercises to enhance the sales team’s ability to effectively communicate the value of the service, handle objections, and close deals.
3. Ongoing Coaching: Provide continuous coaching and support to the sales team, offering feedback, sharing best practices, and addressing any challenges they may encounter.
4. Regular Knowledge Updates: Stay updated with any new features, industry trends, or competitive insights related to PPC advertising and communicate this information to the sales team.

I believe that with this sales plan in place, we will be well-equipped to generate leads, convert prospects into customers, and achieve our sales targets for Managed PPC for Dental Offices. I am excited to work with the sales team and contribute to the success of this new product.

Best regards, Director of Sales

Let’s get a plan from Director of Marketing

here is the prompt

this is from the CEO of the company-Product Description:
We are introducing a new product at TempeAgency called Managed PPC for Dental Offices. This product is specifically designed for dental office owners and managers in the Tempe, Chandler, and Mesa areas. The primary goal is to generate leads and increase visibility for dental practices through targeted Pay-Per-Click (PPC) advertising campaigns on Google.
With Managed PPC for Dental Offices, we will handle all aspects of the PPC campaigns, including keyword research, ad creation, bid management, and ongoing optimization. Our experienced team will ensure that the dental offices' ads are displayed prominently to potential customers in their local areas, driving relevant traffic to their websites.
Key Points:
Target Audience: Dental office owners and managers in the Tempe, Chandler, and Mesa areas.
Service Offered: Managed PPC advertising campaigns on Google.
Pricing: The introductory offer for this service is set at $1500 per month.
Service Duration: Historically, customers tend to stay with us for approximately 18 months.
Value Proposition: By utilizing our Managed PPC service, dental offices can increase their online visibility, attract more potential customers, and ultimately grow their business.
To-Do List for Director of Marketing:
Conduct market research to gain insights into the dental industry in Tempe, Chandler, and Mesa.
Develop a targeted PPC campaign strategy, including keyword research and ad copy creation, focused on reaching dental office owners and managers.
Design and optimize a high-converting landing page specifically tailored for the Managed PPC for Dental Offices service.
Implement tracking and analytics to measure the performance and ROI of the PPC campaigns.
Develop a lead nurturing strategy to engage and convert leads into customers.
Request for a Marketing Plan:
Director of Marketing, please provide a comprehensive marketing plan that includes the following details:
PPC Campaign Strategy: Outline the approach for creating and managing PPC campaigns, including budget allocation, targeting options, and ad testing strategies.
Landing Page Optimization: Describe the plan to create an effective landing page that highlights the benefits of the Managed PPC for Dental Offices service and encourages lead generation.
Lead Generation Tactics: Specify the marketing channels and tactics you will utilize to generate leads for the service, such as content marketing, email campaigns, social media advertising, or referral programs.
Measurement and Analytics: Detail the tracking methods and key performance indicators (KPIs) you will use to evaluate the success of the marketing campaigns

Here is the response

Marketing Plan: Managed PPC for Dental Offices

PPC Campaign Strategy:

1. Budget Allocation:
   • Allocate the PPC campaign budget based on the target audience size, competitiveness of keywords, and expected ROI.
   • Continuously monitor and adjust the budget allocation to maximize the effectiveness of the campaigns.
2. Targeting Options:
   • Utilize geographic targeting to focus on the Tempe, Chandler, and Mesa areas, where dental office owners and managers are located.
   • Refine targeting options based on demographics, interests, and search behavior to ensure ads reach the most relevant audience.
3. Keyword Research:
   • Conduct thorough keyword research to identify high-intent keywords relevant to dental services and local search queries.
   • Focus on long-tail keywords specific to dental procedures, services, and related terms.
   • Continuously monitor keyword performance and refine the keyword list to optimize campaign performance.
4. Ad Creation:
   • Create compelling ad copy that highlights the benefits of Managed PPC for Dental Offices, emphasizing increased visibility, lead generation, and business growth.
   • Utilize ad extensions, such as sitelinks and call extensions, to provide additional information and encourage clicks.
   • Test multiple ad variations to identify the most effective messaging and improve click-through rates.
5. Ad Testing and Optimization:
   • Implement A/B testing for ad variations to optimize performance.
   • Continuously monitor key metrics, such as click-through rates (CTRs) and conversion rates, and make data-driven optimizations to improve campaign effectiveness.
   • Optimize ad scheduling and bid management to maximize ad visibility during peak times and on high-converting days.

Landing Page Optimization:

1. Design and Layout:
   • Create a visually appealing landing page that aligns with the TempeAgency brand and showcases the benefits of Managed PPC for Dental Offices.
   • Use high-quality images, engaging headlines, and persuasive copy to capture visitors’ attention and encourage further exploration.
2. Value Proposition and Benefits:
   • Clearly communicate the unique value proposition of the service, emphasizing how it helps dental offices increase online visibility, attract more customers, and grow their business.
   • Highlight specific benefits, such as personalized campaign management, industry expertise, and ongoing optimization.
3. Call-to-Action (CTA):
   • Implement a strong and clear CTA that encourages visitors to take action, such as requesting a consultation, scheduling a call, or signing up for a free audit.
   • Ensure the CTA stands out visually and is prominently displayed on the landing page.

Lead Generation Tactics:

1. Content Marketing:
   • Create informative and valuable content related to dental marketing, PPC advertising, and industry trends.
   • Publish blog articles, whitepapers, and case studies on the TempeAgency website to attract organic traffic and position the company as an authority in the dental marketing space.
2. Email Campaigns:
   • Develop a targeted email marketing campaign to nurture leads and encourage conversion.
   • Send regular newsletters, educational content, and exclusive offers to engage with dental office owners and managers.
   • Utilize marketing automation tools to personalize emails based on the recipient’s interests and behavior.
3. Social Media Advertising:
   • Leverage social media platforms, such as Facebook and LinkedIn, to target dental professionals in the Tempe, Chandler, and Mesa areas.
   • Create engaging ad campaigns that highlight the benefits of Managed PPC for Dental Offices and drive traffic to the landing page.
4. Referral Programs:
   • Establish partnerships with local dental associations, dental professionals, and other complementary service providers.
   • Develop a referral program that incentivizes existing customers and partners to refer dental office owners and managers to TempeAgency.

Measurement and Analytics:

1. 1. Tracking Methods:
      1. Implement conversion tracking to measure the number of leads generated from the PPC campaigns.
   2. Key Performance Indicators (KPIs):
      • Track and analyze key metrics such as click-through rates (CTRs), conversion rates, cost per click (CPC), cost per lead (CPL), and return on ad spend (ROAS).
      • Monitor the number of qualified leads generated, the percentage of leads converted into customers, and the overall revenue generated from the Managed PPC for Dental Offices service.
   3. Reporting and Analysis:
      • Generate regular reports to evaluate the performance of the PPC campaigns and landing page.
      • Analyze data from tracking tools, such as Google Analytics and Google Ads, to identify areas for improvement and optimize campaign effectiveness.
      • Conduct A/B testing on landing page elements to optimize conversion rates and improve user experience.
   4. Ongoing Optimization:
      • Continuously monitor and optimize the PPC campaigns based on data-driven insights and performance metrics.
      • Refine targeting options, adjust bid strategies, and test new ad variations to improve campaign performance.
      • Regularly review and update the landing page based on user feedback, A/B testing results, and conversion rate optimization techniques.

Creating Our Final Plan and Schedule

Now we copy and paste these plans into the CEO chat so it knows what both plans are and have the CEO create a to-do list for the month of June 2023 for both Director of Sales and the Director of Marketing.

Based on those plans now create me the to do list for sales and marketing together so i can see everything together

So Sick! Check out this output

Sales and Marketing To-Do List:

1. June 1-7:
   • Sales Team:
     • Finalize the targeted database of dental offices in the Tempe, Chandler, and Mesa areas.
     • Conduct training sessions on product knowledge and sales techniques for the sales team.
   • Marketing Team:
     • Allocate the PPC campaign budget based on the target audience size and expected ROI.
     • Conduct keyword research to identify high-intent keywords relevant to dental services and local search queries.
     • Design and layout the landing page, ensuring it aligns with the TempeAgency brand and showcases the benefits of Managed PPC for Dental Offices.
2. June 8-14:
   • Sales Team:
     • Begin cold calling campaigns to introduce Managed PPC for Dental Offices and schedule discovery calls.
     • Attend networking events and conferences to establish connections and generate leads.
   • Marketing Team:
     • Launch the first email campaign to engage potential customers and encourage consultation requests.
     • Create compelling ad copy and ad variations that highlight the benefits of the service.
     • Implement A/B testing for ad variations to optimize performance.
3. June 15-21:
   • Sales Team:
     • Conduct discovery calls with potential customers, understanding their needs and presenting the benefits of the service.
     • Schedule product presentations with interested prospects, tailoring the presentations to address their specific requirements.
   • Marketing Team:
     • Continuously monitor keyword performance and refine the keyword list to optimize campaign performance.
     • Continuously monitor key metrics, such as click-through rates (CTRs) and conversion rates, and make data-driven optimizations to improve campaign effectiveness.
4. June 22-28:
   • Sales Team:
     • Work closely with potential customers to negotiate pricing and contract terms, ensuring a mutually beneficial agreement.
     • Facilitate the signing of contracts and closing of deals, providing all necessary support and documentation to make the process seamless.
   • Marketing Team:
     • Optimize ad scheduling and bid management to maximize ad visibility during peak times and on high-converting days.
     • Track and analyze key metrics such as click-through rates (CTRs), conversion rates, cost per click (CPC), cost per lead (CPL), and return on ad spend (ROAS).
     • Generate regular reports to evaluate the performance of the PPC campaigns and landing page.

By clearly assigning tasks to the respective teams, the sales and marketing teams can work collaboratively to accomplish the launch of the new product, ensuring a cohesive and coordinated effort.

Last but not least

Ok, now that we have all that in place we wanted some specific numbers so we could know when the break-even was because why not let’s make this as real as possible so we can test it in the real world.

Prompt

i need a specific budget with numbers for sales and marketing

Response

Marketing Budget for the New Product (Managed PPC for Dental Offices):

1. PPC Advertising: $5,000
2. Content Marketing: $2,000
3. Email Marketing: $1,500
4. Networking Events and Conferences: $3,000
5. Design and Collateral: $2,500

Total Marketing Budget: $14,000

Sales Budget for the New Product (Managed PPC for Dental Offices):

1. Lead Generation: $3,000
2. Sales Materials: $2,000
3. Sales Training and Development: $4,000
4. Sales Incentives and Commissions: $5,000
5. CRM and Sales Tools: $2,000

Total Sales Budget: $16,000

Please note that the above budget figures are suggested amounts and can be adjusted based on the company’s financial capabilities and specific marketing and sales goals. It’s important to regularly review the budget allocation and track the actual expenses to ensure they align with the desired outcomes and ROI.

Now let’s get our break evens

Prompt

ok at what point with our MRR revenue from sales make this a profitable product give me specific numbers

Response

To determine the point at which the new product becomes profitable, we need to consider the monthly recurring revenue (MRR) from sales and the associated costs. Based on the information provided, the service is offered at $1,500 per month with a labor cost of 60%. Let’s calculate the breakeven point:

1. Monthly Revenue per Customer: Monthly revenue per customer = Service price – Labor cost Monthly revenue per customer = $1,500 – (60% * $1,500) Monthly revenue per customer = $1,500 – $900 Monthly revenue per customer = $600
2. Number of Customers needed to Break Even: Breakeven point = Total monthly costs / Monthly revenue per customerTotal monthly costs = Labor cost + Sales and Marketing costs Total monthly costs = 60% * MRR + Marketing BudgetAssuming the sales and marketing costs are $30,000 per month (based on the given marketing and sales budget), and using the labor cost percentage of 60%: Total monthly costs = 60% * MRR + $30,000Breakeven point = ($0.6 * MRR + $30,000) / $600Solving for MRR: $0.6 * MRR + $30,000 = $600 * MRR $0.6 * MRR – $600 * MRR = -$30,000 -$0.4 * MRR = -$30,000 MRR = -$30,000 / (-$0.4) MRR = $75,000Therefore, you would need to reach a total Monthly Recurring Revenue (MRR) of $75,000 to break even and make the new product profitable.

Please note that this calculation assumes that all costs and revenue are fixed, and there are no other variable expenses or considerations involved. It’s important to continuously monitor and adjust the financials as you progress to ensure profitability and make informed business decisions.

Conclusion

We hope this gets the wheels turning on what you can do with chatGPT and how it can help you explore new ideas and also help you speed up your day. We see a lot of discussion about jobs being eliminated because of this technology but really see it as a tool or helpful assistant. AI Chat bots like chatGPT are ever-evolving and this whole project was created with the free version 3.5. The paid version 4.0 provides even more capabilities and as of May 16, 2023 now offers API’s and a playground for prompts.

Interested in trying this out below is a link to give the free version a shot

https://openai.com/blog/chatgpt

If you are interested in taking a course on creating prompts for marketing we offer a paid course and as of today are taking pre-registration sign-ups to qualify people to join our classes