How to SUCCESSFULLY Sell Etsy AI Art in 2024 (A to Z)
TLDRThis video provides a comprehensive guide on how to successfully sell AI-generated art on Etsy in 2024. It shares real-world results from a friend's store, which has been operational for a month and has already generated $568 in revenue, mostly profit, after accounting for AI software subscriptions and Etsy fees. The video offers a disclaimer that not everyone will make a significant income, but it's possible with hard work. It discusses various digital products that can be sold, such as clip art, digital paper, coloring books, and sticker designs, with clip art being the easiest to create and sell. The video introduces two AI image generators, Mid Journey and Chad GPT 4 with built-in DALL-E 3, highlighting their differences. It also demonstrates how to use data from Etsy and the Everb tool to research popular themes and objects, and how to create a unique product by combining these elements. The process of creating an image using Mid Journey, modifying it, and using Canva for background removal and image upscaling is shown. The video emphasizes the strategy of creating small bundles of 10-15 images to attract traffic and larger bundles of 100-500 items as the primary money-makers. It concludes with a recommendation to join a community for support and up-to-date information on the subject.
Takeaways
- ๐ฐ A friend's store, started a month ago, generated $37 in revenue and $568 in the last 30 days, mostly profit, after subtracting AI software subscription fees and Etsy fees.
- ๐ The store's traffic grew significantly around December, increasing daily revenue from $10 to around $50, indicating potential for further growth with continued effort.
- ๐ซ A disclaimer that most people won't make a substantial amount of money, despite some exceptions like a seller generating $30,000 a month from selling Tumblr wraps.
- ๐จ The simplicity of selling AI images on Etsy involves choosing an image type and posting it, with more work required depending on the product type.
- ๐ Using data from Etsy and tools like Everb, a Chrome extension, to analyze product analytics and generate ideas based on popular themes and objects.
- ๐ Popular product types to sell include clip art, digital paper, coloring books, and sticker designs, with clip art being the easiest to create and sell.
- ๐ค Two AI image generator options mentioned are Mid Journey and Chad GPT 4 with built-in DALL-E 3, with differences in availability, style, and text inclusion capabilities.
- ๐จ The process of creating a new design involves combining popular themes and objects, such as pink Santas and gnomes, to create a unique and appealing product.
- ๐ ๏ธ Using AI and tools like Photoshop or Canva for tasks like background removal and image upscaling, with a focus on cost-effective methods that still yield satisfactory results.
- ๐ Creating small bundles of 10-20 clip art images as traffic drivers and larger bundles of 100+ items as the primary money-makers for the store.
- ๐ก The strategy for success involves making the store profitable by offering small bundles to attract visitors and larger bundles for significant sales.
- ๐ Joining a community or membership for additional support, monthly prompts, and staying updated on trends and strategies for selling on Etsy.
Q & A
What is the realistic revenue one can expect from selling AI images on Etsy?
-A realistic expectation is around $500 to $600 a month, as demonstrated by the friend's store mentioned in the transcript, which is mostly profit after excluding AI software subscription fees and Etsy fees.
What are the differences between Midjourney and DALL-E 3 for creating AI images?
-Midjourney is available to everyone and can create a wide variety of images but cannot include text within the images. DALL-E 3 is only available to those with a premium Chat GPT subscription, has a more specific and accurate style, and allows text to be included in the images.
How can one determine which AI art products are selling well on Etsy?
-One can use data from Etsy and tools like Everb, a Chrome extension, to analyze product analytics and identify best-selling themes and objects.
What is the strategy for creating and selling clipart on Etsy?
-Start by creating small bundles of 10-15 images with similar themes to attract traffic to the store. Then, combine these small bundles into larger bundles to generate more significant sales.
Why should you not create a large bundle of 140 clipart images and sell it for a dollar?
-Creating a large bundle like this is not profitable and can devalue your work. Instead, smaller bundles should be used to drive traffic, while larger bundles with a higher price point are the true money-makers.
How can you upscale an image while maintaining quality?
-While Photoshop is a sophisticated tool for this, for a more cost-effective solution, one can use Canva's built-in background removal and image upscaling features. However, this method may not increase the actual resolution and could result in pixel blurriness.
What is the role of small bundles in an Etsy store selling AI art?
-Small bundles are primarily used to attract traffic to the store rather than generate significant revenue. They serve as traffic drivers, while larger bundles are the main source of income.
What are some popular products that can be sold using AI on Etsy?
-Some popular products include clipart, digital paper, coloring books, and sticker designs. These can be created using AI and sold as digital products on Etsy.
How does the use of the 'cuteness' factor influence sales on Etsy?
-Cuteness tends to sell well on Etsy. It's a strategy to make the AI-generated images more appealing to potential buyers, which can lead to increased sales.
What is the recommended approach to creating a successful AI art store on Etsy?
-The recommended approach includes using data and tools to research popular themes, creating a variety of small and large image bundles, focusing on quality and appeal, and continually working on improving the store and its offerings.
How can one get additional support and ideas for selling AI art on Etsy?
-Joining a community like the one offered by the YouTube channel mentioned in the transcript can provide monthly prompts, access to a Discord group, weekly meetings, and other benefits to stay updated and improve one's strategy.
Outlines
๐ AI Image Sales Success
The speaker shares the success story of a friend's store that started selling AI-generated images after watching the speaker's YouTube videos. The account, about a month old, made $37 in revenue on the day of speaking and $568 in the last 30 days, which is mostly profit after excluding AI software subscription fees and Etsy fees. The speaker emphasizes that while it's possible to make money, most people won't make a significant amount. They also introduce the concept of selling digital products on Etsy, such as clipart, digital paper, coloring books, and sticker designs, using AI software like Mid Journey and DALL-E 3. The speaker uses a tool called Everb to analyze popular themes and products on Etsy.
๐จ Creating and Selling AI-Generated Clipart
The speaker discusses how to create and sell AI-generated clipart on Etsy. They mention that clipart is an easy product to start with and share a process for creating a unique design by combining popular themes and objects, such as pink Santas and Christmas gnomes. The speaker demonstrates using Mid Journey to generate images based on a prompt, and then refining the image to match the desired style. They also cover the use of Canva for background removal and image upscaling, noting that while not perfect, it's a cost-effective alternative to more expensive software.
๐ Optimal Bundle Strategy for Etsy Sales
The speaker outlines a strategy for selling on Etsy, which involves creating small bundles of 10-20 images to attract traffic and larger bundles of 100 or more images to generate sales. They explain that small bundles are traffic drivers, while large bundles are the primary source of revenue. The speaker advises against creating extremely large bundles at low prices, as this can devalue the product. They also mention that the key to profitability is offering comprehensive bundles, such as an entire store's worth of designs or a large collection of clip art, at higher prices. The speaker provides a link to a more in-depth video course for further guidance.
๐ Closing Remarks and Engagement Invitation
The speaker concludes the video by inviting viewers to join their YouTube membership for additional benefits such as monthly prompts, dropshipping product lists, access to a Discord community, and weekly voice chat meetings. They encourage viewers to ask questions in the comments and express a desire not to appear overly sales-focused, emphasizing the value of community and shared knowledge.
Mindmap
Keywords
๐กAI images
๐กRevenue
๐กDigital products
๐กClipart
๐กMid Journey
๐กEtsy
๐กEverb
๐กCanva
๐กBackground removal
๐กBundles
๐กDPI
Highlights
A friend's store, which started a month ago, generated $37 in revenue, with yesterday's earnings at $50.
Over the last 30 days, the store has generated $568, mostly profit, after excluding AI software subscription fees and Etsy fees.
The store's traffic has been growing since December, with daily earnings increasing from $10 to around $50.
The potential to increase earnings further by continuing to work on the store is highlighted.
A disclaimer that most people will not make a significant amount of money is provided, with a realistic monthly earning of $500-$600.
The possibility of earning $30,000 a month with digital products on Etsy is mentioned, but it's noted that it's not common and requires substantial work.
The simplicity of selling AI images on Etsy is emphasized, involving choosing an image type and posting it on the platform.
Clipart is identified as the most popular and easiest product to start selling, with a demonstration on how to create it using AI.
Two AI image generator options are presented: Mid Journey and Chad GPT 4 with built-in DALL-E 3.
Mid Journey is available to everyone, while DALL-E 3 is premium and has a waiting list.
The use of data from Etsy and the Everb tool to come up with design ideas based on popular themes and objects is discussed.
Combining themes and objects, such as pink Santas and gnomes, to create new and unique clipart bundles is suggested.
A YouTube membership offers monthly lists of ideas and prompts for AI-generated products and dropshipping items.
The process of creating AI images using Mid Journey, modifying prompts, and selecting the most appealing style is shown.
Using Canva for background removal and image upscaling is recommended as an alternative to more expensive software like Photoshop.
Creating small bundles of 10-15 images as traffic bringers and larger bundles for significant sales is the recommended strategy for success on Etsy.
The importance of not undervaluing large bundles is stressed, as they are the key money generators in an AI art store on Etsy.
Joining a community or membership for support, monthly prompts, and weekly meetings is suggested to stay updated and improve skills in selling AI art.