Promptbase: How Much You Can ACTUALLY Earn?
TLDRThe video discusses the realistic earnings one can expect from selling prompts on PromptBase, debunking the exaggerated claims made by some YouTube channels. The speaker, who also creates prompts, analyzes two successful PromptBase sellers' earnings. The first seller, with 335 sales at an average price of $2.99, earns around $267.10 per month after PromptBase's 20% cut and the cost of a MidJourney subscription. The second seller, with a higher rank and more expensive prompts, earns approximately $387.95 per month, also after deductions. The video emphasizes that while PromptBase can provide a few hundred dollars monthly as a side hustle, it is not a get-rich-quick scheme. It also notes the limitations for new sellers, such as a maximum price of $4.99 for prompts, and the daily limit on submissions. The speaker encourages realism and enjoyment in creating prompts, rather than focusing solely on high earnings.
Takeaways
- 📈 **Realistic Earnings**: Creators on PromptBase can expect to earn a few hundred dollars a month, which is a reasonable side hustle income but not a full-time income replacement.
- 🎨 **Type of Prompts**: The earnings are based on selling mostly 'mid-journey' prompts, which is the focus of the creator in the example.
- 💰 **Sales and Pricing**: A successful seller with 335 sales at an average price of $2.99 can earn around $801.32 after PromptBase's 20% cut, translating to approximately $267.10 per month.
- 📉 **Subtraction of Costs**: Earnings are reduced by the cost of a MidJourney subscription, which, depending on the plan, can subtract around $30 from the monthly earnings.
- 💵 **Taxable Income**: The income generated is taxable, and the amount of tax depends on the creator's location.
- 🚫 **Pricing Limitations**: New accounts on PromptBase have a maximum prompt price of $4.99, and this limit can only be lifted with a proven sales track record.
- 📈 **Economic Sense**: It doesn't make economic sense to price prompts very high, especially for new creators without a strong credibility.
- 💌 **Affordability Strategy**: Most creators aim to keep their prompts budget-friendly to attract more sales.
- 🚦 **Submission Limits**: There's a limit to how many prompts can be submitted per day on PromptBase, which is currently two.
- ⏱️ **Time Commitment**: The side hustle doesn't require a significant time commitment, making it an attractive option for those looking for a flexible income stream.
- 🤖 **AI Technology Engagement**: Creating prompts involves engaging with modern AI technology, which many find enjoyable and fulfilling.
- 📉 **Reality vs. Hype**: The earnings from PromptBase are far from the exaggerated numbers promised by some YouTube channels and websites, emphasizing the need for realistic expectations.
Q & A
What is the average price for a prompt on PromptBase?
-The average price for a prompt on PromptBase varies, but in the transcript, it is mentioned that one creator has set their average price at $2.99.
What is the role of PromptBase in the earnings of a creator?
-PromptBase withholds 20% of a creator's earnings. For example, if a creator makes $1001.65 from sales, after PromptBase's cut, they would receive $801.32.
How much does a successful PromptBase seller earn per month?
-The example given in the transcript shows a successful seller earning approximately $267.10 per month, after PromptBase's fee and before any subscription costs.
What is the cost of a MidJourney subscription that a creator might need?
-The transcript suggests that to create as many prompts as the featured creator, one would need more than the 3.3 hours of generation time offered in the basic MidJourney plan. A standard plan, which costs around $30 per month, is likely more suitable.
What is the net monthly income for a creator after accounting for the MidJourney subscription?
-After subtracting the cost of a standard MidJourney subscription ($30) from the earnings, the creator's net monthly income is approximately $237.10.
Is it necessary to pay taxes on the income earned from PromptBase?
-Yes, the income earned from PromptBase is taxable, and the amount of tax depends on the creator's location.
What is the maximum price a beginner can set for their prompts on PromptBase?
-For a beginner account on PromptBase, the maximum price that can be set for prompts is $4.99.
What is the daily limit for submitting prompts on PromptBase?
-A creator cannot submit more than two prompts per day on PromptBase.
Why do most creators price their prompts affordably?
-Most creators price their prompts affordably to attract more buyers, increase sales, and because they may not yet have the credibility to sell at higher prices.
What is a realistic monthly income one can expect from PromptBase as a side hustle?
-A realistic monthly income from PromptBase as a side hustle can range from a few hundred dollars, which can help cover some bills, but it is far from the thousands promised by some clickbait sources.
Can PromptBase replace a full-time income at the moment?
-According to the speaker's perspective, PromptBase is not likely to substitute a full-time income for someone at least at the current moment.
What is the speaker's personal opinion on PromptBase as a side hustle?
-The speaker is a big fan of PromptBase, finding it enjoyable to create prompts and work with AI technology. They find it a realistic and legitimate side hustle for earning a few hundred dollars a month.
Outlines
🤔 Realistic Earnings from Prompt Base
The video discusses the realistic earnings a creator can expect from selling prompts on Prompt Base, countering the exaggerated claims made by some YouTube channels. The creator provides an example of a successful seller who has made 335 sales at an average price of $2.99, resulting in earnings of $1,001.65 before Prompt Base's 20% commission. After commission and considering the cost of a Mid Journey subscription, the monthly earnings are estimated at $237.10. The video emphasizes that while this is a good side hustle, it is not as lucrative as some misleading advertisements suggest.
🚫 Limitations and Pricing Strategies on Prompt Base
The video continues by addressing the limitations for new sellers on Prompt Base, such as a maximum price cap of $4.99 for prompts, which can only be lifted with a proven sales record. It advises against overpricing prompts, especially for beginners who lack the credibility to command high prices. The creator notes that most sellers offer budget-friendly prompts to increase sales volume. There's also a limit on the number of prompts that can be submitted per day, which is two. The video concludes by reiterating that while Prompt Base can provide a few hundred dollars a month as a side hustle, it is not a get-rich-quick scheme and should be approached with realistic expectations.
Mindmap
Keywords
💡Promptbase
💡YouTube
💡Side Hustle
💡Midjourney
💡AI Technology
💡Clickbait
💡Earnings
💡Taxable Income
💡Creator
💡Subscription Plan
💡Content Generation
Highlights
YouTube videos often exaggerate earnings from side hustles like PromptBase.
A realistic earnings expectation for PromptBase creators is discussed.
The average price for a successful PromptBase prompt is $2.99.
A successful seller on PromptBase has made 335 sales, ranking 42.
PromptBase withholds 20% of creators' earnings.
A creator can earn approximately $267.10 per month after PromptBase's fee.
The cost of a MidJourney subscription is a necessary expense for creators.
The standard plan for MidJourney is $30 per month.
After subscription costs, a creator might earn around $237.10 per month.
Earnings from PromptBase are taxable income.
The side hustle on PromptBase does not require significant time or energy.
Another creator with a similar rank earns approximately $387.95 per month after subscription costs.
Beginner accounts on PromptBase are limited to a maximum price of $4.99 for prompts.
Economically, it doesn't make sense to price prompts very high for new creators.
Most creators price their prompts to be budget-friendly to increase sales.
There is a limit to how many prompts a creator can submit per day on PromptBase.
Earning a few hundred dollars a month on PromptBase is realistic as a side hustle.
The earnings from PromptBase are far from the thousands promised by some channels.
PromptBase is not seen as a full-income substitute but a legitimate side hustle.