Using ChatGPT to Increase Your Market Share

Transform Your Business with AI

From Mr. Prompts :) - Together with Tweethunter

What's up Prompters!

How’s the Prompt gang?

Next few days are the last ones for recording the Marketing Magic Prompts course where Mr. Prompts teaches you how to be more productive with marketing and your life with AI.

Long Thursday ahead for me to make sure the course releases on 15th! Hope your Thursday is as fun and exciting 🙂 

Today we’re going to talk about the Blue Ocean Strategy (it’s a common business strategy). Let’s see if ChatGPT can apply the framework well to a particular business.

It’s a fun one!

This edition is brought to you by Tweethunter, a tool to help you build and monetize your Twitter audience fast.

More on that later…

The Biggest Things In AI Recently

1️⃣ ChatGPT’s next leap is called Auto-GPT, it generates code “autonomously” and it’s here (read more)
2️⃣ Chat GPT so accurate it could pass US medical exam 'with ease' (watch now)
3️⃣ Boston Children's Hospital hiring AI prompt engineer for ChatGPT (read more)

Let’s get into the prompt for today… 👇

Prompt: AI uses the “Blue Ocean Strategy”

Are you familiar with the Blue Ocean Strategy?

It’s a pretty common business strategy. In simple terms, it means creating new market spaces instead of competing in the existing market.

You can use ChatGPT as a brainstormer to help you identify these “new markets”

Let’s say you own a fast-food chain (I like to switch up these examples). Let’s see what ideas ChatGPT gives…

(Zoom in if required)

Some of these ideas are pretty cool. I like the “meal subscription service” idea. Although there are companies that are already doing this, it’s definitely less competitive than the traditional fast-food space.

I used Bing Chat to see which companies are doing this. And this is what it gave:

I haven’t heard any but “HelloFresh”. So that’s a good idea given by ChatGPT.

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Try It For Yourself

To test out the prompt for today, copy the text below:

Blue Ocean Strategy is a business strategy framework that suggests creating new market spaces or "blue oceans" rather than competing in existing market spaces or "red oceans". This is done by identifying untapped customer needs and creating new products or services to meet those needs. The idea is to differentiate the offering from existing competitors and create demand rather than simply competing for existing demand.

Understand clearly about the blue ocean strategy, now I'II give the [business].

Business: a fast food chain

Apply this strategy for the [business] to
1. create new markets or uncontested market space, making the competition irrelevant.
2. creating new customer needs, rather than competing with existing companies in the same market.
3. offer unique products or services that have not yet been seen in the market.

and in the end, give a before and after analysis of the business in a tabular format.

Things To Check Out

🔗 AI Recipe Generator makes personalized recipes with your choice of ingredients (link).

🔗 Adcopy.ai: An AI built to optimize your Facebook ad campaigns for clicks, conversions and sales. It’s a chrome extension that provides specialized copywriting in seconds (link).

🔗 LatentLabs uses AI to translate your text-based prompt into 3D images of your imagined world (link).

👋 That’s it for today folks! Let me get back to building. I’ll see ya tomorrow.

— Mr. Prompts (aka @aaditsh)

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