Imagine creating millions of dollars in value with just a few carefully crafted sentences. That’s the potential of prompt engineering, one of the most valuable skills you can learn in 2023. In this guide, we’ll unpack this lucrative skill, walk you through the basics, and show you how to leverage it to make money and build businesses. The best part? No coding experience required!

What is Prompt Engineering?

In simple terms, prompting is the process of instructing an AI to perform a task. We give the AI (like GPT-3) a set of instructions, and it carries out the task based on those instructions. Prompts can range from a simple phrase to complex paragraphs.

The quality of your prompt directly determines the quality of the output you get from the AI. This concept is often referred to as “garbage in, garbage out.” Your ability to write great prompts directly affects how much value you can extract from these powerful language models.

The Playground: Where the Magic Happens

For our prompting exercises, we’ll be using the OpenAI playground. It’s crucial to understand that this is different from ChatGPT. The playground gives us access to OpenAI’s suite of products in their natural state – the form we can access through their APIs.

This is important because anything you can achieve in the playground can be scaled, productized, and sold. If you’re looking to create value and build scalable businesses on top of these models, you need to learn how to engineer prompts for the base models.

Prompt Engineering Techniques

1. Role Prompting

Role prompting involves setting the AI into a specific role. For example:

You are a brilliant mathematician who can solve any problem in the world.
What is 20 x 70?

This simple role prompt can dramatically improve the AI’s performance on specific tasks.

2. Shot Prompting

Shot prompting can be broken down into three categories:

  • Zero-shot prompting: Giving the AI a question or phrase without any expected structure.
  • One-shot prompting: Providing one example of how you want the AI to respond.
  • Few-shot prompting: Giving multiple examples of how you want the AI to respond.

Here’s an example of few-shot prompting for a YouTube video idea generator:

YouTube video ideas for selling products on TikTok:
1. "5 TikTok Hacks to Boost Your Product Sales"
2. "How I Made $10,000 Selling on TikTok in Just One Month"
3. "The Ultimate Guide to TikTok Shop: Boost Your E-commerce Game"

YouTube video ideas for why you should try digital banks:
1. "5 Reasons Why Digital Banks Are the Future of Banking"
2. "How I Saved $500 a Year by Switching to a Digital Bank"
3. "The Pros and Cons of Digital Banking: An Honest Review"

YouTube video ideas for how to make money with ChatGPT:

3. Chain of Thought Prompting

This technique encourages the AI to explain its reasoning as it goes through the steps, typically resulting in more accurate results. You can use the phrase “Let’s think step by step” to initiate this process.

Opportunities for Prompt Engineers in 2023

  1. Sell Your Services: Companies worldwide are hiring prompt engineers. Learn the skill and start looking for gigs.
  2. Create a Teaching Business: Help companies understand and use these AI models to increase their productivity.
  3. Build Businesses Around Well-Written Prompts: Create valuable tools or services based on carefully crafted prompts.

For example, you could create an Ed Sheeran song generator with a prompt like this:

Topic: Loving a girl who lives far away, missing her more every day

[Include example lyrics from Ed Sheeran's songs]

Write a song in the style of Ed Sheeran based on the given topic:

Conclusion

Prompt engineering is a powerful skill that can unlock immense value in the world of AI. Whether you’re looking to sell your services, teach others, or build your own AI-powered businesses, mastering prompt engineering can open up a world of opportunities.

Start practicing these techniques today, and you’ll be well on your way to becoming a skilled prompt engineer. The future of AI is here, and it’s waiting for you to shape it!


If you’re interested in automating your prompt engineering workflows, check out Make.com. It’s a powerful automation platform that can help streamline your AI-powered processes, and it offers a free plan to get you started. If you need help setting it up, you can find assistance at Alacran Labs.

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