I Tried The Easiest AI Side Hustle For 30 Days
TLDRThe video script documents a 30-day experiment attempting to sell AI-generated art patterns on Etsy. The creator uses Mid-Journey to generate patterns, focusing on designs that can be seamlessly repeated for various applications. Despite the high competition and market saturation, the creator employs strategies like Etsy keyword research and AI tools for SEO and marketing. However, after incurring expenses for the AI tool, ads, and Etsy fees, the net income is a loss, leading to a consideration of evolving the business model towards print-on-demand products.
Takeaways
- 🎨 The challenge is to sell AI-generated art patterns on Etsy for 30 days, aiming to capitalize on the trend of people making significant income from such digital products.
- 🚀 The AI art generator chosen for this project is Mid-Journey for its features, starting with generating a watercolor eggplant pattern.
- 📈 The goal is to create pattern art that can be seamlessly repeated, which is popular for various applications like scrapbooks, cards, notebook covers, and print-on-demand products.
- 🔍 Etsy is identified as the marketplace for selling these patterns, and keyword research tools like Etsy's search suggestions and e-rank are used to find profitable niches with less competition.
- 📏 A technical hurdle is encountered as Mid-Journey cannot export patterns in the required 300 DPI resolution for Etsy; Gigapixel AI is used to upscale the images.
- 💼 The digital product listing on Etsy requires five essential elements: uploading AI patterns, photos, pricing, title, and tags, with strategies to maximize visibility and sales.
- 💰 Patterns on Etsy sell for low prices, averaging around $1-$5 per pack, but with high profit margins after Etsy's fees and initial costs.
- 📊 The use of e-rank's profit calculator helps determine the final sale price, taking into account Etsy's fees and a discount strategy.
- 📈 Despite creating over 100 listings and 800 AI patterns, initial sales were disappointing, highlighting the saturated market and competition on Etsy.
- 🚦 Etsy ads are used to boost visibility and sales, but the results are not immediate, and the high competition makes it difficult to stand out.
- 📉 The final outcome of the challenge is a net loss of $61.79, demonstrating the challenges of selling AI patterns on Etsy due to market saturation and the need for effective marketing strategies.
Q & A
What is the main goal of the project described in the transcript?
-The main goal of the project is to generate and sell AI art patterns on Etsy for a period of 30 days, with the aim of exploring the potential to make a significant income from this endeavor.
Why is the AI art generator 'mid-journey' chosen for this project?
-The AI art generator 'mid-journey' is chosen because of its features that allow for the generation of patterns that can be seamlessly repeated, which is essential for creating products like scrapbooks, cards, notebook covers, and other items.
What are the typical uses of AI-generated patterns?
-AI-generated patterns can be used to create scrapbooks, cards, notebook covers, packaging, and print-on-demand products such as phone cases, pillows, and mugs.
What is the resolution requirement for patterns sold on Etsy?
-Patterns sold on Etsy are typically required to be 300 DPI and measure 3600 by 3600 pixels.
How does the speaker plan to upscale the AI-generated patterns to meet Etsy's resolution requirements?
-The speaker plans to use a paid AI image upscaler called Gigapixel AI to convert the images to 300 DPI and upscale them up to six times the original resolution, to 6144 pixels.
How does the speaker intend to sell the AI patterns on Etsy?
-The speaker intends to sell the AI patterns in packs of eight, with each pattern being part of a digital product listing on Etsy.
What are the five essential elements of a digital product listing on Etsy according to the speaker?
-The five essential elements are uploading the AI patterns, using high-quality photos, pricing the product competitively, choosing effective titles and tags, and writing an engaging product description.
What challenges did the speaker face in terms of competition and visibility on Etsy?
-The speaker faced challenges due to a saturated market with many sellers offering similar AI-generated patterns, which limited the exposure and value of their listings. Additionally, the lack of reviews on their account could have affected customer trust and sales.
What was the final outcome of the 30-day challenge in terms of sales and net income?
-The speaker sold a total of two AI patterns, earning a net income of negative $61.79 after accounting for the costs of the mid-journey subscription, Etsy ads, transaction fees, processing fees, seller fees, and list fees.
What alternative business model does the speaker consider to improve future sales and profits?
-The speaker considers using the AI patterns to create and sell their own print-on-demand products, such as mugs, which could potentially lead to higher sales and profits per sale.
How does the speaker plan to generate new AI pattern ideas?
-The speaker uses the mid-journey command '/describe' to generate new pattern ideas. They upload a file of an existing pattern, and mid-journey analyzes it to provide four different prompts that can be used to generate similar patterns.
Outlines
🎨 Launching AI Art Pattern Sales on Etsy
The video begins with the creator's plan to sell AI-generated art patterns on Etsy for 30 days. They choose the AI art generator 'mid-journey' for its features and aim to create seamless, repeatable patterns suitable for various products like scrapbooks, cards, and phone cases. The creator plans to sell these patterns, which are in high demand, on Etsy, a popular marketplace for arts and crafts. They use Etsy's search suggestions and a keyword research tool to identify popular niches with less competition, such as certain flowers, materials, and foods. The creator faces a challenge with mid-journey's maximum output resolution and decides to upscale the images using a paid tool called gigapixel AI. They plan to sell the patterns in packs of eight and create a digital product listing on Etsy, including essential elements like uploading patterns, pricing, and using popular keywords for the title and tags. The creator also mentions a free ebook on SEO and keyword research for AI, sponsored by HubSpot.
📈 Reflecting on the AI Pattern Sales Challenge
In the conclusion of the video, the creator reflects on their 30-day challenge of selling AI patterns. Despite creating over 100 new listings and 800 individual AI patterns, they only managed to sell two patterns, earning a total revenue of $7.47. The expenses included a one-month subscription to mid-journey, ads costs, and Etsy's transaction and processing fees, resulting in a net income of negative $61.79. The creator acknowledges the difficulty of selling AI patterns due to market saturation and the need for convincing potential customers, especially when considering advertising costs. They suggest that evolving the business model by using AI patterns to create and sell print-on-demand products could be a more profitable approach.
Mindmap
Keywords
💡AI art patterns
💡Mid-Journey
💡Etsy
💡Upscaler
💡Digital product listing
💡SEO and keyword research
💡Print-on-demand products
💡Etsy ads
💡Saturated market
💡Net income
💡Market competition
Highlights
The individual plans to sell AI-generated art patterns on Etsy, aiming to replicate the success of others who have reportedly made substantial income.
The AI art generator chosen is Mid-Journey for its specific features suitable for creating seamless, repeatable patterns.
The goal is to produce patterns that can be used for various applications such as scrapbooks, cards, notebook covers, and print-on-demand products.
The AI-generated eggplant art seamlessly repeats, making it a viable candidate for pattern creation.
Etsy is selected as the marketplace for its focus on arts and crafts and popularity for pattern sales.
To determine what patterns to sell, the individual uses Etsy's search suggestions and a free keyword research tool to find popular niches with less competition.
Etsy patterns are typically sold as 300 DPI images measuring 3600 by 3600 pixels, but Mid-Journey's maximum output is 72 DPI and 1024 by 1024 pixels.
To upscale the images, the individual uses a paid AI image upscaler called Gigapixel AI, capable of converting images to 300 DPI and scaling up to six times the original resolution.
The plan is to sell patterns in packs of eight, providing a premium product to customers.
The individual creates a digital product listing on Etsy with essential elements, including uploading AI patterns, photos, pricing, and using popular keywords in the title and tags.
An ebook is provided for free, covering best practices for using AI in SEO and keyword research, including tips on fact-checking SEO findings and using AI for marketing.
Despite creating over 100 new listings and 800 individual AI patterns, there were no sales initially, highlighting the challenges of breaking into a saturated market.
Etsy ads are used in an attempt to increase visibility and sales, spending one dollar a day for a potential boost.
By the end of the 30-day challenge, only two AI patterns were sold, resulting in a net income loss.
The individual concludes that selling AI patterns is not as easy as it seems due to market saturation and the need for convincing multiple customers to make a profit.
As a potential next step, the individual considers evolving the business model to create and sell print-on-demand products using the AI patterns.
The individual reflects on the challenge, noting the difficulty of making sales and the need to sell a large number of AI patterns to see decent profits.