I Tried The Easiest AI Side Hustle For 30 Days
TLDRThe video script details an experiment of selling AI-generated art patterns on Etsy for 30 days. The creator uses Mid-Journey for pattern generation, focusing on designs that can be seamlessly repeated for various products. Despite the potential high demand and low competition in certain niches, the creator faces challenges with Etsy's file upload limitations and the saturated market. After investing time and money, the final result is a net loss, leading to considerations of evolving the business model to include print-on-demand products.
Takeaways
- 🎨 The experiment involved selling AI-generated art patterns on Etsy for 30 days, aiming to capitalize on the trend of high earnings reported by some sellers.
- 👨💻 The AI art generator chosen was Mid-Journey for its features, specifically to create a watercolor eggplant pattern that could be seamlessly repeated.
- 🖼️ The goal was to produce pattern art suitable for various applications like scrapbooks, cards, notebook covers, and print-on-demand products.
- 🔄 To ensure the pattern could be seamlessly repeated, the 'dash-dash-tile' command was used with Mid-Journey.
- 🛍️ Etsy was selected as the marketplace due to its focus on arts and crafts, and it's a popular venue for selling digital paper and patterns.
- 🔍 Market research was conducted using Etsy's search suggestions and a free keyword research tool to identify popular niches with less competition.
- 📐 The AI-generated pattern needed to be upscaled to meet Etsy's standard of 300 DPI and 3600 by 3600 pixels, which was achieved using Gigapixel AI.
- 📄 The digital product listing on Etsy required five essential elements: uploading AI patterns, photos, pricing, title, and tags.
- 💰 Patterns on Etsy sell for an average of $1 to $5 per pack, with high profit margins but also high competition.
- 🚀 To boost visibility, Etsy ads were used, but the experiment faced challenges with competition and the need for sales volume to achieve profitability.
- 📉 The final outcome of the challenge was a net loss of $61.79, selling only two AI patterns and facing issues with market saturation and competition.
Q & A
What is the main goal of the project described in the transcript?
-The main goal of the project is to sell AI-generated art patterns on Etsy for a period of 30 days, with the aim of understanding the potential profitability and challenges involved in this venture.
Which AI art generator does the speaker choose and why?
-The speaker chooses the AI art generator called 'mid-journey' for its features, which are well-suited for generating patterns that can be seamlessly repeated.
What type of product is the AI-generated eggplant art intended to be?
-The AI-generated eggplant art is intended to be a pattern that can be used for various purposes such as scrapbooks, cards, notebook covers, packaging, and print-on-demand products like phone cases, pillows, and mugs.
What is the standard resolution and DPI for patterns sold on Etsy?
-The standard resolution for patterns sold on Etsy is 300 DPI, and the image size is typically 3600 by 3600 pixels.
What is the problem with the mid-journey AI art generator in terms of exporting the patterns?
-The problem with the mid-journey AI art generator is that it cannot export patterns in the required 300 DPI resolution or the 3600 by 3600 pixels size. Its maximum output is 72 DPI and 1024 by 1024 pixels.
How does the speaker plan to upscale the AI-generated patterns to meet Etsy's standards?
-The speaker plans to use a paid AI image upscaler called Gigapixel AI, which can convert images to 300 DPI and upscale them up to six times the original resolution.
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 generated and upscaled. The patterns will be uploaded into a folder on Google Drive, and the link to this folder will be included in a PDF document uploaded to Etsy.
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) creating thumbnails and full previews of the patterns, 3) pricing the patterns, 4) selecting appropriate titles, and 5) choosing relevant tags for the listings.
What challenges did the speaker face in selling AI patterns on Etsy?
-The speaker faced challenges such as a saturated market with many sellers offering AI patterns, low prices which required a high volume of sales to make a profit, the need for advertising to gain visibility, and the lack of reviews on their account which affected trust and exposure.
What was the final outcome of the 30-day challenge for the speaker?
-The final outcome of the 30-day challenge was a net loss. The speaker sold only two AI patterns, earning a total revenue of $7.47, while their expenses including the cost of mid-journey subscription, ads, and Etsy fees amounted to $46.90.
What is the speaker's suggestion for improving the business model?
-The speaker suggests evolving the business model by 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.
Outlines
🎨 AI Art Patterns: The 30-Day Challenge
The video script outlines a 30-day challenge to sell AI-generated art patterns, focusing on the process from creation to advertising. The narrator chooses Mid-Journey as the AI art generator and aims to produce seamless patterns suitable for various products. The goal is to capitalize on the high demand for patterns in digital and physical products. The first step involves generating a watercolor eggplant pattern, which is intended to be sold on Etsy, an online marketplace for arts and crafts. The narrator plans to use Etsy's search suggestions and a keyword research tool to identify popular niches with less competition. The script discusses the technical requirements for the pattern images, such as resolution and file size, and the need to upscale the images using a paid tool like Gigapixel AI. The narrator also explains the strategy for listing the patterns on Etsy, including the importance of packaging the patterns, pricing, and using SEO techniques for the product title and tags. The video also mentions a free ebook on AI for SEO and marketing, sponsored by HubSpot.
📈 Etsy Sales and Marketing Strategies
The narrator continues the discussion on selling AI art patterns, focusing on the challenges faced during the 30-day challenge. After creating over 100 listings and 800 individual patterns, the narrator has not yet made any sales. The script explores potential reasons for the lack of sales, such as market saturation, competition, and the need for reviews on the Etsy account. The narrator considers evolving the business model by using the AI patterns to create and sell print-on-demand products like mugs, which could potentially increase profits. Despite the challenges, the narrator remains hopeful and plans to use Etsy ads to boost visibility. However, by day 23, there are still no sales, leading the narrator to question the effectiveness of the patterns and the marketing strategy. The video concludes with the narrator's honest thoughts on the difficulty of selling AI patterns on Etsy due to the saturated market and low prices, and reveals a net loss from the challenge.
Mindmap
Keywords
💡AI art patterns
💡Mid-Journey
💡Etsy
💡Upscaler
💡Digital product listing
💡SEO and keyword research
💡Print-on-demand products
💡Etsy ads
💡Market saturation
💡Net income
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 chosen AI art generator is Mid-Journey for its specific features.
The goal is to create pattern art that can be seamlessly repeated for various applications like scrapbooks, cards, notebook covers, and print-on-demand products.
The AI-generated eggplant art is designed to seamlessly repeat, making it suitable for pattern creation.
Etsy is selected as the marketplace for selling the patterns due to its focus on arts and crafts.
The individual uses Etsy's search suggestions and a free keyword research tool 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 1024 by 1024 pixels.
To upscale the images, the individual uses a paid tool called Gigapixel AI, which can convert images to 300 DPI and upscale them up to six times the original resolution.
The plan is to sell patterns in packs of eight, providing a premium product to customers.
There are five essential elements of a digital product listing on Etsy: uploading AI patterns, photos, pricing, title, and tags.
The individual uses e-rank's profit calculator to determine the final sale price, considering Etsy's fees and a discount.
The description includes a free ebook on best practices for using AI in SEO and keyword research, sponsored by HubSpot.
The individual has created over 100 new listings and over 800 individual AI patterns in total.
The use of Mid-Journey's command /describe allows for the generation of similar patterns based on an existing example.
Despite the effort, there were no sales initially, and the individual considers the high competition and lack of reviews as potential reasons.
The individual spent $1 a day on Etsy ads, hoping to increase sales based on previous experience with AI art prints.
By day 23, there were still no sales, leading the individual to consider evolving the business model to sell print-on-demand products using the AI patterns.
In the end, the individual sold only two AI patterns, earning a total revenue of $7.47, resulting in a net income of negative $61.79 after expenses.
The conclusion is that selling AI patterns is challenging due to market saturation and the need for high sales volume to achieve profitability.