The DEAD SIMPLE AI Passive Income Side Hustle in 2024

Jason Lee
26 Jan 202414:04

TLDRThe video script discusses a digital product business model selling birth flower bouquets with high profit margins. It highlights the use of AI, specifically mid Journey, for efficient creation of product designs, emphasizing the benefits of digital downloads such as high margins, no shipping, and low costs. The video also suggests diversifying income by selling on multiple platforms, including Etsy and personal websites, and recommends offering printing services to potentially increase profits. Additionally, the speaker shares personal YouTube growth strategies and offers a course for aspiring creators.

Takeaways

  • 🌼 A digital product shop is making $48,000 a month selling flower prints with a 93% profit margin.
  • 🚀 A new store capitalized on this success by creating a similar product, earning $10,000 a month just a month after launching.
  • 💡 There's a significant market gap for these digital flower products, and there's potential for even greater earnings.
  • 🎨 The product is a bouquet of 'birth flowers,' which represent each month of the year and are associated with qualities of individuals born in that month.
  • 🤖 AI is used to automate the arrangement of the flowers into bouquets, making the business model highly passive and scalable.
  • 💰 High margins are possible with digital downloads, usually around 93%, and there are no shipping or fulfillment costs.
  • 🚀 The business can be started with as little as $20 and scaled up without increasing costs significantly.
  • 🖼️ Multiple listings with different styles (e.g., watercolor, color pencil sketch, Van Gogh style) can increase exposure and sales on platforms like Etsy.
  • 🌐 Diversifying sales channels by having both an Etsy store and a personal website can reduce reliance on a single platform.
  • 🖼️ Offering a printing service through print-on-demand providers like Printify can potentially double or triple profits by providing a complete product experience for customers.
  • 📈 The video creator grew their YouTube channel quickly by implementing specific strategies and offers a course for others to learn from their experience.

Q & A

  • How much is the shop making per month by selling digital flower prints?

    -The shop is making $48,000 a month by selling digital flower prints.

  • What is the margin for selling digital products like flower prints?

    -The margin for selling digital products like flower prints is around 93%.

  • How old is the successful flower print listing mentioned in the script?

    -The successful flower print listing mentioned in the script is 2 months old.

  • What is the main advantage of selling digital products like the flower prints discussed in the script?

    -The main advantage of selling digital products like the flower prints is the high margin and the fact that there is no need for shipping or fulfillment, making it a passive side hustle.

  • How can AI be utilized in creating the bouquet of birth flowers for the digital product?

    -AI can be utilized to arrange the flowers into a bouquet automatically, eliminating the need for manual arrangement in software like Photoshop.

  • What is a birth flower?

    -A birth flower is a flower that represents each month of the year and is associated with certain qualities that reflect the individual born in that month.

  • What is the recommended AI tool for creating high-quality images of flower bouquets?

    -Mid Journey is recommended as the AI tool for creating high-quality images of flower bouquets due to its effectiveness and speed.

  • How much does it cost to start this business with the AI tool?

    -You can start this business with as little as $20, and the cost remains the same even as you scale the business up to $40,000 or $50,000 a month.

  • Why is it beneficial to have multiple listings on Etsy for the digital flower products?

    -Having multiple listings on Etsy increases the chances of discovery by customers as it allows for more exposure and targeting of different keywords in the titles.

  • What is the main reason for offering a printing service in addition to the digital files?

    -Offering a printing service can potentially double or triple profits as it provides customers with the end product, and it is fully automated through print-on-demand providers like Printify.

  • How can one grow a YouTube channel quickly and start earning revenue?

    -By using proven strategies and systems, such as those provided in the Creator Academy course, one can grow a YouTube channel and start earning revenue without guessing and wasting time.

Outlines

00:00

🌼 Digital Flower Prints: High Margin Side Hustle

This paragraph introduces a digital product business model selling simple flower prints, which yields high monthly profits due to significant margins of around 93%. The script discusses the potential of this market, highlighting a store that capitalized on the success of an existing listing by creating a similar product, achieving substantial monthly earnings. The speaker identifies a gap in the market and outlines a plan to leverage this opportunity for higher earnings. The product is a bouquet of birth flowers, which are associated with each month of the year and specific qualities of individuals born in those months. The business model is attractive due to its high margins, lack of shipping or fulfillment, and low costs. The use of AI, specifically mid Journey, is proposed to automate the arrangement of the bouquets, making the process efficient and scalable.

05:02

🎨 AI-Powered Design and Personalization

The second paragraph delves into the specifics of designing the digital flower products using AI image generators, with a focus on mid Journey for its superior results. The guide provides tips on crafting effective prompts for AI generation and suggests exploring various styles to cater to diverse customer preferences. It also touches on the importance of personalization, such as adding family names to the artwork, and the use of mockup tools to showcase the final product. The paragraph emphasizes the benefits of diversifying sales channels beyond Etsy, such as having a personal website, and suggests using a domain specifically for online stores to boost visibility and trust. The speaker shares a link to a comprehensive guide for artists and styles, encouraging viewers to experiment with different prompts and to utilize community resources for inspiration.

10:02

📈 Expanding Profits with Print Services

In the final paragraph, the speaker discusses strategies for expanding profits by offering print services in addition to digital files. By integrating with print-on-demand providers like Printify, sellers can provide customers with the option to purchase a printed version of the artwork, potentially tripling earnings. The convenience of this service is highlighted, as it automates the printing and shipping process, requiring only the creation of the digital artwork from the seller's side. The paragraph also touches on the speaker's personal success on YouTube, offering insights into growing a channel and generating income. A course called Creator Academy is mentioned, which promises to teach strategies for monetizing a YouTube channel quickly and effectively.

Mindmap

Keywords

💡Digital Products

Digital products refer to goods that are intangible and delivered electronically, such as e-books, software, and digital art. In the context of the video, the digital product is a bouquet of birth flowers, which are simple flower prints sold as digital downloads. The high margin associated with digital products is a key point discussed, as they do not require physical manufacturing or shipping, leading to significant cost savings and profitability for the seller.

💡Margins

Margins in a business context refer to the difference between the cost of producing a product and its selling price, essentially representing the profit earned from each sale. High margins indicate a larger profit per unit sold. In the video, the discussion of high margins is related to the profitability of selling digital products, such as the flower prints, where the cost of production is minimal compared to the selling price.

💡AI (Artificial Intelligence)

Artificial Intelligence, or AI, refers to the simulation of human intelligence in machines that are programmed to think, learn, and problem-solve like humans. In the video, AI is used to automate the process of arranging flowers into bouquets for digital art, eliminating the need for manual labor and reducing the time and effort required to create each product.

💡Birth Flowers

Birth flowers are plants or blossoms associated with each month of the year, often used to symbolize the qualities or characteristics of individuals born in that particular month. In the video, birth flowers are the central theme of the digital products being sold, with customers selecting flowers that represent their family members or themselves, which are then arranged into bouquets.

💡Etsy

Etsy is an e-commerce website focused on handmade or vintage items and craft supplies. It provides a platform for artisans, crafters, and small-scale manufacturers to sell their products directly to consumers. In the video, Etsy is mentioned as a marketplace where the digital flower prints are sold, emphasizing its role in facilitating the sales of personalized digital products.

💡Passive Income

Passive income refers to earnings that are generated with minimal ongoing effort after an initial setup or investment. It is income that continues to flow without the need for the recipient to actively work. In the context of the video, the creation of digital flower prints using AI is presented as a way to earn passive income, as once the AI tool is set up, it can generate new products with little additional effort.

💡Low Cost

Low cost refers to a small amount of money required to start or maintain a business or activity. It is often associated with the initial investment needed to launch a venture. In the video, the low cost of starting the digital flower print business is emphasized, with the presenter mentioning that it can be started with as little as $20, which is a key selling point for the business model discussed.

💡Mockups

Mockups are representations of how a final product will look in a real-world setting or on a specific platform. They are often used in marketing and design to showcase a product's appearance and help customers visualize it. In the video, mockups are discussed as a tool to present the digital flower prints in a more appealing and realistic manner, allowing potential customers to imagine how the prints would look as wall art.

💡Print on Demand

Print on demand is a business model where products, often customized, are printed only when an order is received. This model eliminates the need for holding inventory and reduces the risk associated with unsold goods. In the video, the presenter suggests integrating a print on demand service to offer physical prints of the digital flower prints, which could potentially increase profits by providing customers with a complete product experience.

💡Creator Academy Course

The Creator Academy Course is an educational program designed to teach individuals how to build and grow a successful YouTube channel. It provides strategies, tips, and systems that can help creators monetize their content and increase their subscriber count. In the video, the presenter mentions their own experience with the course and how it helped them achieve significant earnings in a short period of time.

💡Diversify Income

Diversifying income refers to the strategy of generating revenue from multiple sources to reduce reliance on a single income stream and mitigate risk. In the video, the concept is discussed in relation to selling products on different platforms, such as Etsy and a personal website, to avoid being solely dependent on one marketplace.

Highlights

The Shop is making $48,000 a month selling digital flower prints with a 93% profit margin.

A similar store entered the market a month later and is now making $10,000 per month per listing.

There is a significant market gap, and the stores are making a big mistake that can be exploited for higher profits.

The product is a bouquet of birth flowers, which represent each month of the year and qualities of individuals born in that month.

Customers choose flowers for each family member, and the seller arranges them into a bouquet as a digital download.

AI is used to automate the arrangement of flowers, making this a passive side hustle with minimal effort.

The high margins of digital downloads, with profits usually around 93%, are a key advantage of this business model.

There is no need for shipping or fulfillment, reducing the time and risk associated with e-commerce.

The low cost to start this business is only $20, and the cost remains the same even as the business scales up.

Mid Journey is recommended for AI image generation due to its high-quality results.

Multiple listings with different styles increase exposure on Etsy and the likelihood of discovery.

An AI background remover and premium fonts and mockups are available on a Pro Plan for a monthly fee.

Offering a printing service through print on demand providers like Printify can potentially double or triple profits.

Having a personal website allows for audience growth and diversification of income sources.

Store domains are recommended for online stores as they increase visibility and customer recognition.

The speaker has achieved significant success on YouTube with a relatively small following by using effective strategies.

Creator Academy course is mentioned as a resource for learning how to build a successful YouTube channel.

The transcript emphasizes the importance of using AI and automation to streamline processes and increase profits in digital businesses.

Casual Browsing

The BEST A.I. Passive Income Side Hustle 2024

2024-03-26 18:00:02

The Laziest AI Side Hustle to Make Money Online in 2024

2024-07-12 13:25:00

The Actual Easiest AI Side Hustle of 2023 ($307K+)

2024-05-17 20:15:01

I Tried The Easiest AI Side Hustle For 30 Days

2024-03-26 18:55:02

How I make PASSIVE INCOME with AI with PROOF

2024-03-26 18:20:02