I Tried The Easiest AI Side Hustle For 30 Days
TLDRThe video script documents a 30-day experiment in selling AI-generated art patterns on Etsy, using Mid-Journey for pattern creation. The creator aims to capitalize on the high demand for patterns used in various crafts and products. Despite generating over 800 patterns and optimizing listings with SEO and marketing strategies, the venture resulted in minimal sales and a net loss, highlighting the challenges of a saturated market and the need for a more refined business model.
Takeaways
- 🎨 The experiment involves selling AI-generated art patterns on Etsy for 30 days, aiming to capitalize on the trend of high-earning pattern sales.
- 🖌️ The AI art generator 'mid-journey' is chosen for its features, and the first pattern created is a watercolor eggplant design.
- 📈 The goal is to produce patterns that can be seamlessly repeated, which are popular for various craft and design projects, indicating a strong market demand.
- 🛍️ Etsy is selected as the marketplace for selling these patterns, known for its focus on arts, crafts, and digital papers.
- 🔍 Market research is conducted using Etsy's search suggestions and a free keyword research tool to identify niches with less competition.
- 📏 A technical limitation is encountered with mid-Journey's maximum output resolution, which is overcome by using a paid image upscaler, Gigapixel AI.
- 💰 The pricing strategy involves accounting for Etsy fees and a discount, resulting in a final sale price of $2.49 per pattern pack.
- 🏷️ The importance of SEO and keyword research is highlighted, with recommendations to use tools like e-rank and ChatGPT for effective marketing.
- 📊 The challenge reveals the difficulty of standing out in a saturated market, with only two sales made over the 30-day period.
- 🚀 Despite the low sales, the potential to increase profits is suggested by evolving the business model to create and sell print-on-demand products using the AI patterns.
Q & A
What is the main goal of the speaker's 30-day challenge?
-The main goal of the speaker's 30-day challenge is to sell AI-generated art patterns on Etsy and see how much money can be made from it.
Which AI art generator does the speaker choose and why?
-The speaker chooses Mid-Journey as the AI art generator for its features and specifically for its ability to generate seamless patterns that can be used for various purposes like scrapbooks, cards, notebook covers, and print-on-demand products.
What is the importance of generating seamless patterns in this context?
-Seamless patterns are important because they can be repeatedly used in various designs without any visible breaks or discontinuities, making them suitable for creating scrapbooks, cards, notebook covers, packaging, and print-on-demand products like phone cases, pillows, and mugs.
How does the speaker plan to determine what patterns to sell on Etsy?
-The speaker plans to use Etsy's search suggestions and a free Etsy keyword research tool to find popular niches with less competition. They also consider certain types of flowers, materials, and food as potential pattern ideas.
What resolution and DPI does the speaker aim for when creating AI patterns?
-The speaker aims for a resolution of 3600 by 3600 pixels and a DPI of 300, which is the standard for patterns sold on Etsy. However, they decide to upscale to 6144 pixels using Gigapixel AI to provide a more premium product.
How does the speaker plan to overcome the limitation of Etsy only allowing up to five digital files per listing?
-The speaker plans to upload all AI patterns into a folder on Google Drive, obtain the link to this folder, and include it in a document that they will upload as a PDF to Etsy, allowing buyers to download all eight patterns in one go.
What are the five essential elements of a digital product listing on Etsy that the speaker mentions?
-The five essential elements are: 1) uploading the AI patterns for buyers to download, 2) using Photoshop to design templates for thumbnails and full previews, 3) pricing the patterns competitively while considering Etsy's fees, 4) using popular keywords in the title and tags, and 5) providing a free ebook on SEO and keyword research for AI patterns.
How much did the speaker earn and what were the expenses involved in the 30-day challenge?
-The speaker earned a total revenue of $7.47 by selling two AI patterns. The expenses included a $31.50 subscription for Mid-Journey, $15 for ads, and various fees charged by Etsy, resulting in a net income of negative $61.79.
What challenges did the speaker face during the 30-day challenge?
-The speaker faced challenges such as a saturated market on Etsy, a lot of competition, low prices, the need to convince multiple customers to buy, and the costs of advertising without immediate sales.
What alternative business model does the speaker consider at the end of the challenge?
-The speaker considers evolving the business model by using the AI patterns to create and sell their own print-on-demand products like mugs, which could potentially lead to more sales and higher profit per sale.
Outlines
🎨 Launching an AI Art Pattern Business on Etsy
The video begins with the creator's ambitious plan to sell AI-generated art patterns on Etsy for 30 days. They choose the AI art generator, Mid-Journey, for its features and decide to generate a watercolor eggplant pattern. The goal is to create seamless, repeatable patterns that can be used for various products like scrapbooks, cards, notebook covers, and more. The creator plans to sell these patterns on Etsy, an online marketplace for arts and crafts. They use Etsy's search suggestions and a free keyword research tool to identify popular niches with less competition, such as certain flowers, materials, and food. The creator faces a challenge with Mid-Journey's inability to export patterns in the required 300 DPI resolution, opting to use a paid image upscaler called Gigapixel AI to solve this. They plan to sell the patterns in packs of eight and focus on creating a digital product listing with essential elements, including uploading the AI 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.
📉 Challenges and Lessons from Selling AI Art Patterns
In the second paragraph, the creator discusses the challenges faced during the 30-day challenge of selling AI art patterns. Despite creating over 100 new listings and 800 individual AI patterns, the creator has not made any sales. They consider the possibility of using Etsy ads to boost visibility and spent $1 a day on advertising. However, by day 23, there were still no sales, leading the creator to question the effectiveness of their patterns, thumbnails, titles, tags, and prices. They speculate that the high competition and lack of reviews on their account might be hindering their listings' exposure. The creator considers evolving the business model by using the AI patterns to create and sell print-on-demand products like mugs. At the end of the challenge, the creator reveals that they only sold two AI patterns, earning a total revenue of $7.47, which resulted in a net income of negative $61.79 after accounting for the costs of Mid-Journey subscription, ads, and Etsy fees. They conclude that selling AI patterns is not as easy as it seems due to market saturation and the need for high sales volumes to achieve profitability.
Mindmap
Keywords
💡AI art patterns
💡Etsy
💡Mid-Journey
💡Upscaler
💡Digital product listing
💡SEO and keyword research
💡Print-on-demand products
💡Etsy ads
💡Market saturation
💡Net income
Highlights
The experiment involves selling AI-generated art patterns on Etsy for 30 days.
The chosen AI art generator is Mid-Journey for its features.
The goal is to create patterns that can be seamlessly repeated for various applications like scrapbooks, cards, and packaging.
The AI-generated eggplant art seamlessly repeats, making it a viable pattern for selling.
Etsy is selected as the online marketplace to sell the patterns due to its focus on arts and crafts.
Etsy's search suggestions and a free keyword research tool are used to identify popular niches with less competition.
Patterns are typically sold as 300 DPI images measuring 3600 by 3600 pixels, but Mid-Journey's maximum output is 72 DPI and smaller dimensions.
Gigapixel AI is used to upscale the images to the required 300 DPI and increase the resolution up to six times the original.
The patterns are sold in packs of eight on Etsy.
Digital product listings on Etsy require uploading patterns, creating thumbnails, pricing, and using SEO-friendly titles and tags.
A free ebook is provided for best practices in using AI for SEO and keyword research.
The profit margin for pattern sales on Etsy is between 70 to 90 percent.
The final sale price for the AI patterns is set at $2.49 after accounting for Etsy's fees and a discount.
The challenge reveals that selling AI patterns is not as easy as it seems due to market saturation and competition.
The experiment resulted in the sale of only two AI patterns, earning a total revenue of $7.47.
The net income for the 30-day challenge was a negative $61.79 after accounting for all expenses.
The conclusion suggests that evolving the business model by using AI patterns to create and sell print-on-demand products could be a more profitable approach.