The DEAD SIMPLE AI Passive Income Side Hustle in 2024
TLDRThe video discusses a lucrative online business model selling digital flower bouquets, leveraging high-profit margins and AI for automation. It highlights the success of a shop making $48,000 monthly and emphasizes the potential for increased earnings by offering personalized, print-on-demand services. The video also shares tips on using AI platforms like MidJourney for design creation, the benefits of diversifying income streams, and offers insights on growing a YouTube channel with the right strategies.
Takeaways
- πΌ A digital product shop is making $48,000/month selling simple flower prints, with a 93% profit margin.
- π‘ The product's success is due to its uniqueness as a bouquet of 'birth flowers' representing each month of the year.
- π A competitor store quickly capitalized on the opportunity and now earns $10,000/month with a similar product.
- π€ AI is used to automate the arrangement of flowers into bouquets, making the process efficient and passive.
- π The high margin of digital downloads allows for most profits to stay with the seller, typically around 93%.
- π¦ There's no need for shipping or fulfillment, reducing the time and hassle associated with physical products.
- π° The business can be started with as little as $20 and scaled up without increasing costs significantly.
- π¨ MidJourney is recommended for AI image generation due to its quality results, at a cost of $10/month.
- πΌοΈ Multiple listings with different styles (e.g., watercolor, color pencil sketch, Van Gogh style) can increase exposure on platforms like Etsy.
- π Utilizing a guide with artist styles and prompts can enhance the variety and appeal of the product offerings.
- ποΈ Offering a printing service through print-on-demand providers like Printify can potentially double or triple profits by providing a complete product 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 on these digital products?
-The margins on these digital products are huge, around 93%.
How old is the successful flower print listing mentioned in the script?
-The successful flower print listing mentioned is 2 months old.
What is unique about the birth flower product being sold?
-The birth flower product is unique because it consists of a bouquet of flowers representing each month of the year and is associated with certain qualities that reflect the individual born in that month.
How does the AI assist in creating the bouquet of flowers?
-The AI assists by arranging the chosen flowers into a bouquet based on a single prompt, making the process efficient and reducing the need for manual arrangement in Photoshop.
What are the three main advantages of selling digital downloads like these flower prints?
-The three main advantages are high margins, no shipping or fulfillment, and low cost to start the business.
How much does it cost to use Mid Journey for AI image generation?
-Mid Journey costs $10 a month for its AI image generation service.
What is the recommended strategy for increasing exposure on Etsy?
-The recommended strategy is to have multiple listings with different styles, such as watercolor, color pencil sketch, or Van Gogh style, to reach more customers and target more keywords.
How does the script suggest personalizing the digital flower print for customers?
-The script suggests adding personalization, such as the customer's family name and the names of family members, at the bottom of the print.
What additional service can potentially double or triple profits for the seller?
-Offering a printing service through a print-on-demand provider like Printify can potentially double or triple profits by providing customers with the end product instead of just a digital file.
What is the Creator Academy course mentioned in the script and how does it help YouTube creators?
-The Creator Academy course is a training program designed to help YouTube creators grow their channel and income by providing strategies and systems that have been proven to work. It helps creators avoid guesswork and achieve monetization and significant income growth in a short period.
Outlines
πΌ Profitable Digital Flower Prints Business
This paragraph discusses the lucrative opportunity in selling digital flower prints, specifically birth flower bouquets, on platforms like Etsy. The shop mentioned is making $48,000 a month with a 93% profit margin due to the digital nature of the product. The script highlights the advantages of such a business model, including high margins, no shipping or fulfillment, and low costs to start. It introduces the use of AI, specifically Mid Journey, to automate the arrangement of flowers into bouquets, which simplifies the process and reduces labor.
π¨ Customization and Marketing Strategies for Digital Art
The second paragraph delves into the customization process of the digital flower prints, emphasizing the use of AI image generators like Mid Journey to create various styles such as watercolor, color pencil sketch, and Van Gogh style. It suggests having multiple listings on Etsy to increase exposure and reach a wider audience. The paragraph also touches on the importance of personalization by adding names and offers tips on using mockup tools for product presentation. Additionally, it advises on diversifying income streams by selling on both Etsy and personal websites, and mentions the benefits of using a domain name tailored for online stores.
π Boosting Profits with Print-on-Demand Services
The final paragraph focuses on a strategy to enhance profits by offering printing services in addition to digital files. It suggests integrating with print-on-demand providers like Printify to provide customers with a complete product experience. The speaker shares personal success on YouTube, emphasizing that a strategic approach can lead to significant earnings with a relatively small subscriber base. The paragraph concludes with a mention of a Creator Academy course designed to help others replicate this success by providing a step-by-step guide based on the speaker's experiences.
Mindmap
Keywords
π‘Digital Products
π‘Margins
π‘AI Image Generators
π‘Birth Flowers
π‘Passive Income
π‘Etsy
π‘Mockups
π‘Print on Demand
π‘YouTube Channel Growth
π‘Creator Academy Course
π‘Domain Name
Highlights
The Shop is making $48,000 a month selling digital flower prints with a 93% margin.
A similar store launched a month later and is now making $10,000 per month per listing.
The product is a bouquet of birth flowers, associated with qualities reflecting the individual born in that month.
Customers choose flowers for each family member, and the seller arranges them into a digital bouquet.
AI is used to automate the arrangement of flowers, making this a passive side hustle.
The business can be started with as little as $20, and the cost remains low even as revenue scales.
Mid Journey is recommended for AI image generation due to its high-quality results.
The guide shares a simple prompt to generate a bouquet of flowers using Mid Journey.
Multiple listings with different styles increase exposure and discovery on Etsy.
A guide by Randolin provides various artist styles and prompts for Mid Journey.
The video demonstrates how to use AI background remover and add personalization to the images.
Mockup tools are used to show customers how the product will look as wall art.
The video suggests diversifying income by selling on Etsy and having a personal website.
Using a domain specifically for online stores can increase visibility and reduce ad costs.
The video creator's YouTube channel grew to $10,000 a month in the third month with 3,200 subscribers.
A Creator Academy course is offered to help others replicate the success of the video creator's YouTube channel.
The biggest missed opportunity by competitors is not offering a printing service for the digital images.
Integrating print-on-demand services like Printify can potentially double or triple profits.