I Tried Selling AI Art in 2024 (ACTUAL RESULTS)
TLDRThe video script discusses the viability of selling AI-generated art on Etsy in 2024, debunking the notion that it's a dead market. It follows the journey of a new Etsy store, set up with the help of the speaker, focusing on AI-generated images for products like clip art and digital paper. The store's success is measured by its sales and visitor statistics, showing a steady increase in revenue and traffic, particularly during the holiday season. The video emphasizes the importance of diversifying digital products within a cohesive theme and demonstrates how to create and sell AI prompts, ultimately revealing that the store generated over $600 in profit in its first month.
Takeaways
- π The video discusses the viability of selling AI-generated art on Etsy in 2024, debunking the notion that it's dead.
- π€ The creator helped their friend, Mr. M, establish a new Etsy store focused on AI-generated images, despite initial reluctance.
- π¨ The store sells a variety of products including clip art, digital paper, and AI prompts, capitalizing on the popularity of these items on Etsy.
- π Etsy's brand and niche selling misconceptions are addressed, emphasizing that a store can sell multiple types of digital products under a cohesive theme.
- ποΈ The strategy of selling both digital products and AI-generated prompts is highlighted as a profitable approach.
- π The use of the tool 'everyb' is mentioned for spying on store performance and identifying hot products on Etsy.
- π The importance of timing is underscored, as the store's launch around the Christmas season boosted sales of digital paper.
- π‘ The process of combining successful elements from different products to create a new, unique item is detailed.
- πΌοΈ The video demonstrates how to use AI image generator software, like Midjourney, to create and modify prompts for specific design outcomes.
- π» The use of Photoshop and Canva for post-processing tasks, such as background removal, is briefly explained.
- π The store's first-month performance metrics are shared, showing a steady increase in sales and revenue, with a total profit of $621 after fees.
Q & A
What was the initial reaction of the speaker when their friend approached them about building an Etsy store for AI-generated images?
-The speaker's initial reaction was to refuse the request, citing laziness as the reason. However, after a second approach from the friend, the speaker decided to help.
What type of products does the new Etsy store sell?
-The new Etsy store sells AI-generated images, including clip art, digital paper, and AI prompts.
What is the significance of opening the store around the Christmas season?
-The Christmas season is significant because digital paper, one of the store's products, is extremely popular during this time as people use it for gift wrapping.
How does the speaker describe the misconception about selling niche products on Etsy?
-The speaker describes the misconception that selling in a niche means limiting the store to only one type of product. They clarify that it's beneficial to sell different types of digital products as long as they have a cohesive theme.
What is the strategy the speaker suggests for the Etsy store?
-The speaker suggests a strategy of combining different types of products with a cohesive theme, rather than limiting the store to a single product type.
How did the speaker and their friend identify hot products on Etsy?
-They used a tool called Everyb to spy on the store and gather data on the best-selling products in their niche.
What was the process for creating a new AI-generated design for the store?
-The process involved identifying a popular design on Etsy, downloading the image, and using the Mid journey software with a 'describe' command to generate a similar prompt for creating a new design.
How did the speaker modify the AI-generated prompt to get the desired result?
-The speaker modified the prompt by changing the subject from a highland cow to an extremely cute cartoonish-looking cat wearing a pink Christmas hat and specified a white background for easier editing.
What tool did the speaker use to remove the background of the AI-generated image?
-The speaker used Canva to remove the background of the image, making it transparent and ready for use in a product listing.
What were the sales figures for the new Etsy store in its first month?
-In its first full month, the store generated $1,200 in revenue with a conversion rate of 7.4, and had 3,46 orders from 4,689 visitors.
What is the speaker's advice for those interested in learning more about selling on Etsy?
-The speaker suggests joining their YouTube membership for access to more content, their Discord, and weekly meetings.
Outlines
π Launching an AI Art Etsy Store
The video begins with the creator discussing the viability of selling AI-generated art on Etsy in 2024. Despite initial skepticism, the creator decides to help a friend, referred to as Mr. M, in establishing an Etsy store focused on AI-generated images. The store's product range includes clip art, digital paper, and AI prompts. The creator shares insights on the types of digital products popular on Etsy, such as clip art for stickers and digital papers, especially during the Christmas season. The video emphasizes the importance of product diversity within a niche and the success of a store that sells a mix of different digital products with a cohesive theme.
π¨ Combining Trends to Create Unique Products
In this paragraph, the creator and Mr. M identify 'hotties' or hot products on Etsy and use these insights to craft their own unique offerings. They combine popular themes, such as highland cows and Christmas, with trending colors like pink to create a new product. The process involves using an AI image generator and refining prompts based on existing successful listings. The creator demonstrates how to use an image from Etsy and a tool like Mid Journey to generate a prompt for a similar design, which is then modified to achieve the desired result. The paragraph highlights the importance of innovation and adaptation in the digital product market.
π Etsy Store Performance and Future Outlook
The final paragraph of the script discusses the performance of the newly launched Etsy store. The store has been active since January 2023 but only started listing products towards the end of November. By December, the store saw a significant increase in traffic and sales, with 3,46 orders and a revenue of $1,200. The creator shares the store's best-selling day, which was on December 31st, and mentions that the store has over 150 listings, including clip art, digital paper, and prompts. The video concludes with a positive outlook on the store's future sales, especially with a focus on seasonal products. The creator also mentions the potential topic of running ads for another video and invites viewers to join their YouTube membership for more content.
Mindmap
Keywords
π‘AI Art
π‘Etsy
π‘Clip Art
π‘Digital Paper
π‘AI Prompts
π‘Mid Journey
π‘Sales
π‘Store Performance
π‘Seasonal Products
π‘Product Diversity
Highlights
AI-generated art on Etsy is a thriving business in 2024, contrary to the initial skepticism.
The video showcases the success of a new Etsy store selling AI-generated images, including clip art and digital paper.
The store was built with the help of a friend, Mr. M, who was initially met with refusal but eventually received assistance.
The store's product range includes AI prompts, which are valuable for those lacking creativity when using AI image generators.
Digital paper is a popular product, especially during the Christmas season, and the store's launch coincided with this period.
The misconception about selling digital products on Etsy is that one must sell only one type of product; however, a mix of products with a cohesive theme is actually beneficial.
The store utilizes a strategy of combining different types of digital products, such as clip art, t-shirt designs, and Tumblr wraps.
A successful Etsy store can sell a variety of products, as long as they adhere to similar themes and provide a consistent vibe.
The video demonstrates how to identify hot products on Etsy using the tool 'everyb', which provides valuable data for sellers.
By analyzing best-selling clip art, the store combines popular themes and trends to create unique, new products.
The process of creating an AI prompt for a specific design is detailed, including modifying prompts for desired results.
The video explains how to use Mid journey's 'describe' command to generate AI prompts from an image.
Canva is introduced as an alternative to Photoshop for removing backgrounds from images, making the process accessible to non-experts.
The store's first month of operation saw significant growth in sales, with $1,200 in revenue and a steady increase in traffic.
The store's success is attributed to a combination of clip art, digital paper, and AI prompts, with a focus on seasonal products.
The video concludes with an invitation to join a YouTube membership for more content and resources on selling AI-generated images.