A Better Lemonade Stand #269

Insights, trends & tools to build a better online business.

👋🏼

Welcome to this week’s dispatch.

The last two newsletters sparked a lot of replies and interest in Curation-As-A-Service and Digital Templates. If you missed those, make sure to check them out.

If you're new, great to have you. I'm Richard, founder, researcher, and writer at A Better Lemonade Stand.

Every week, I write an email filled with the most intriguing insights, trends, tools, and opportunities that can empower you to create profitable digital products and businesses.

This week's dispatch includes:

  • 💡 Insights: GPT4 = Now More Powerful Than the Sun

  • 🌟 Opportunity: The GPT Rush ⚒️

  • 🧰 Featured Tools: Abracadabra 🪄💰 More Profit

Alright, on with the feature presentation.

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💡 Insights

GPT4 Gets More Powerful & Capable

The Inside Scoop on OpenAI's Dev Day

This past week was buzzing with anticipation as OpenAI hosted its inaugural Dev Day.

Dive into the full details right here, but here are the key points most relevant to you:

  • GPT-4 Update: Leapfrogged from a knowledge cutoff in September 2021 to April 2023.

  • Visual Input: GPT-4 now understands images, bringing a whole new dimension to AI interactions.

  • Enhanced ChatGPT: It can now sift through PDFs and documents for you.

  • Expanded Context: The AI's 'memory' is massively boosted, equivalent to digesting a 300-page book.

These advancements are not just upgrades; they're game-changers, amplifying the inherent power and versatility of ChatGPT.

But then OpenAI announced GPT’s.

This is a big opportunity for everyone, so let’s break it down.

👇🏼

🌟 Opportunity

⚒️ The GPT Rush

🧠 Understanding GPTs: Tailored AI for Every Task

GPTs are customizable versions of ChatGPT designed for specific functions. They're code-free, making AI more approachable for everyone, and they offer the potential to streamline a variety of tasks, from daily operations to creative endeavors.

🎨 AI Made Easy: Crafting Custom GPTs

Creating a GPT is as simple as having a conversation. It's a user-friendly way to bring your ideas to life.

It's the perfect companion for non-coders, akin to an expert guiding your every step.

Simply describe your vision, and it brings it to life.

🛒 Monetization Potential: The GPT App Store

The soon-to-launch GPT App Store will be a marketplace for selling and sharing your GPT-based innovations.

Many new millionaires will be minted.

🔮 A Look Back and Forward: Digital Milestones

The record-setting launches of the Apple App Store and ChatGPT demonstrate the market's capacity for embracing powerful tech tools.

I expect the upcoming GPT platform and AI app store will follow in these successful footsteps, indicating a promising future for those who dive into creating with GPTs.

🔨 Get Ready to Build: Your Next Opportunity

We really are living through an exciting time.

And for anyone who watched previous tech revolutions—from the dot-com bubble to the dawn of crypto—unfold from the sidelines, take note: this time could be different.

AI really is proving to be a new frontier and GPT’s are just the beginning.

Links for the Curious:

🌟 Other Noteworthy Updates

Content at Scale has launched a significant update that's set to simplify your content strategy. The new Generative AI Suite comes with over 40 AI agents and a rich selection of prompts, making content brainstorming more efficient. The updated Content Producer, now with RankWell SEO features, helps optimize your blog posts to rank better on Google.

Beehiiv Talent is rolling out, a new platform for creators to maximize their reach with newsletters. This tool offers easy content distribution, solid monetization options, and a direct line to audiences, bypassing unpredictable algorithms. It’s a straightforward way for anyone with a social following to build a profitable newsletter, own their audience relationships, and boost conversions. Beehiiv is simplifying newsletter success, helping creators turn followers into a dedicated readership.

🧰 Featured Tools

Abracadabra 🪄💰

Meet Abra, the brainchild of a friend and former Shopify alumnus, Daniel Patricio.

With Black Friday just around the corner, Abra is the go-to tool to refine your discount strategy and skyrocket conversions.

This platform excels at auto-applying discounts and gifting joy with every purchase—no messy discount codes needed.

Seamlessly updating live prices and flaunting discounts through smart pop-ups, Abra tackles the notorious cart abandonment head-on.

Don’t miss out on turning the busiest shopping days of the year into your biggest win.

Fresh Finds: Weekly Apps & Tools

These are tools that caught my eye that past week and could be the key to unlocking efficiency and innovation in your entrepreneurial journey.

  1. Arc Browser: Experience a cleaner, more personalized internet with Arc, a browser that redefines the way you navigate your digital world. After two weeks of using Arc, I have fully converted.

  2. SiteStatsDB: Uncover new niches and monitor competitors with a database rich in website metrics and analytics.

  3. Lindy.ai: Meet your new AI team member, designed to execute tasks cheaper and faster, no coding needed—a strategic asset for any entrepreneur.

  4. Screen Studio: Create professional-looking screen recordings on macOS effortlessly, ideal for producing tutorial videos without prior editing skills.

That's it for this week.

Richard 👊🏼

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This communication is not intended as business counsel. It serves as a weekly briefing on entrepreneurship and my initiatives, designed for informational and entertainment purposes. Revenue may be generated through sponsorships, affiliate links, and digital product sales.