This is Synthetic Mind, your 5 min A.I business newsletter with today’s latest and greatest A.I startup idea. No B.S - Just the inside scoop on how to get rich with A.I.

💸 Today’s AI Money Maker: A.I Essay Grader For Students

⏰ Setup Time: 1 Hour

🧐 Startup Cost: $25

💲 First $ Made: 72 Hours

💰Opportunity Size: $72,635/ Year

The Opportunity 🤫

Today's edition might get taken down.

Why?

Because students using ChatGPT on homework has been a hot topic this year.

A study by Forbes says 20% of college students use ChatGPT to help with homework.

(That’s just the students brave enough to admit it)

Now before you get mad….No.

We’re not helping students cheat.

You’ll be creating a no-code app that grades essays with A.I for $9.99 

Here’s how it’ll play out:

Students will submit their essays to your app.

Then your app will use A.I to grade it instantly and give tips on how to improve their grade.

There are tons of essay graders, but few use A.I.

This is a great opportunity to take a proven money-making tool and 10x it overnight.

Let me explain.

Most essay graders hire professionals to grade essays.

Not only do they have to pay these employees which drives up the price, but it takes days to get results.

Think about it…. How often was your essay done a week before the due date?

Probably never.

So an essay grader that takes days won’t cut it forever. 

*Ahem. That’s your cue.

Not only will you give results instantly, but you won’t have employees to pay.

Meaning you can charge per essay and for ½ the price.

Then to seal the deal you can ask ChatGPT to include a few writing tips.

It’s a done deal.

All you need is 20 students a day.

Here’s the math:

Trust me, 20 students is NOTHING.

Take a look at how many users other essay graders are getting…

Who’s Doing It 🔎

EduBirdie is an essay grader that hires professional graders to grade essays. It takes them on average 3 days to get an essay back to students. They’ve brought in over 4 million website visits since February.

ProWritingAid is another essay grader, but they offer instant edits $30/month. Over 7 million people have visited their website in the last 3 months.

That’s about 75K visits a day!

All you need is 20….

On top of that, you offer more value for less cost, making you the best option out there.

Ok ok.

Let’s get this show on the road.

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The Gameplan 🏀

The How-To 🛠

Step #1 - Sign up for Glide and connect to Google Slides. Sign up for the $25 subscription with Glide. You’ll need to connect your Google Sheets account with the app. For now, link a blank table.

(Just so you know…. We make $0 by showing you these tools. They’re just perfect for the job!)

Step #2 - Pick your app layout. Glide makes this very easy. Pick your colors, layout, and name. There’s no specific layout - Choose the one that fits your taste!

Once you’re done designing, match your Google Sheet headings to your essay grader. For the example above, my headings are “Essay Rubric”, “Grading Scale”, “Upload Essay”, and “Select Grading Level”.

Step #3 - Create your A.I flow. You will need to connect ChatGPT to your app. This is how your app will grade their essays. Glide will show give you a step-by-step, but here is a quick how-to:

Step #4 - Find Students. Don’t forget…students need your essay grader. You’re offering them something that doesn’t exist at an unbeatable price. All it takes is one student to love it and share it will all of their friends. Here’s how to get started:

• Post on TikTok. Your target audience is students, and most of them are on TikTok. Not to mention that it’s also the best platform to go viral for free. Post 5x a day and show them proof your grader will give them A+ results. 

• Run social media ads. Again, most students are on social media. Create and run ads on all social media platforms like Instagram, TikTok, and Facebook. More views = More $$.

• Offer incentives for sharing your app. Students will always have more essays. To get your name out there, offer them a free essay grade for every new user they bring to the app!

Not only is this an untapped market, but it’s a permanent one. Students will always need help with homework.

It’s a no-brainer!

That’s it for today folks! Stay curious and we’ll see you next week!

Special Thanks To This Reader 👏