The BEST A.I. Passive Income Side Hustle 2024

Alek
6 Jan 202417:04

TLDRThis transcript outlines a lucrative business model leveraging AI-generated digital art for passive income. It details the success of a shop making six-figure revenues in under a year using AI tool Mid Journey to create and sell digital downloads. The script provides a step-by-step guide on how to use Mid Journey, conduct market research, and optimize settings for high-quality outputs. It also discusses the importance of professional mockups and offers strategies for scaling the business, including print-on-demand services and Etsy shop setup, encouraging potential entrepreneurs to take action and capitalize on this untapped market.

Takeaways

  • 🚀 A shop selling AI digital download art made over six figures in less than a year.
  • 🌐 The business model is untapped and can be started from anywhere with just $10.
  • 🖼️ AI image generator 'Mid Journey' is used to create sellable artwork from text prompts.
  • 🔍 Successful shops focus on aesthetically pleasing, vintage-style digital paintings.
  • 💡 Research is crucial; analyze successful listings and customer reviews for market insights.
  • 📈 'Antique White Art' and 'Allura' are examples of successful shops with high sales.
  • 🎨 Mid Journey offers a free starting plan, but for commercial use, a $10/month plan is recommended.
  • 🛠️ The settings in Mid Journey can be adjusted to produce more realistic or stylized images.
  • 🔍 Use public domain images as a reference to generate similar AI art that sells.
  • 🖼️ Resize artwork into popular aspect ratios and use mockups for a professional look.
  • 💸 Scale the business by offering physical prints through print-on-demand services like Printify.

Q & A

  • What is the main topic of the transcript?

    -The main topic of the transcript is about using AI digital download art to create a profitable side hustle, specifically by selling AI-generated artwork online.

  • What is Mid Journey in the context of this transcript?

    -In the context of this transcript, Mid Journey is an AI image generator used to create digital artwork from text prompts, which can then be sold online for passive income.

  • How much does it cost to start this business?

    -The cost to start this business is just $10, which is the cheapest plan for Mid Journey that includes commercial rights to the generated images.

  • What type of artwork sells well according to the transcript?

    -According to the transcript, aesthetically pleasing painting styles with a rustic, moody, vintage feel and monotone colors sell well. These pieces should be visually appealing enough to be justified as wall art.

  • How long did it take for the shop 'Antique White Art' to make over six figures in sales?

    -The shop 'Antique White Art' made over six figures in sales within its first year of business.

  • What is the significance of the shop analyzer tool like Aura in this business model?

    -The shop analyzer tool like Aura is used to research and analyze successful shops selling digital download art. It helps to filter out top listings and understand what kind of art is being sold successfully.

  • How does one access Mid Journey for image generation?

    -To access Mid Journey, one needs to visit their website, join their Discord server, and then use the Mid Journey bot within Discord to generate images.

  • What are the three strategies mentioned in the transcript for creating successful AI artwork?

    -The three strategies are: 1) Crafting the perfect prompt based on successful listings, 2) Using Mid Journey's explore page to find styles that work well and copying those prompts, and 3) Using a public domain image as a starting point for generating new images.

  • How does one upscale and finalize an AI-generated image?

    -To upscale and finalize an image, one can use the built-in controls in Mid Journey to enhance the image quality and then use external tools like Google Drive or Dropbox to host the high-resolution files for sale.

  • What platform is suggested for selling the digital downloads?

    -The platform suggested for selling digital downloads is Etsy, as it drives millions of monthly visitors and offers a high demand for such listings.

  • What is the recommended next step for scaling the business to six and seven figures?

    -The recommended next step for scaling the business is to offer physical prints through print-on-demand services like Printify, which allows for dropshipping art without the need for the seller to handle the printing and shipping process.

Outlines

00:00

🚀 Launching an AI Art Business

This paragraph introduces a business model centered around selling AI-generated digital art, highlighting the success of a shop that made six figures in under a year. It emphasizes the potential of AI tools like Mid Journey to create and sell digital art passively from anywhere in the world, with an initial investment of just $10. The paragraph outlines the process of using AI to generate images from text prompts and selling them online, while also suggesting the importance of researching what types of art sell well.

05:03

🎨 Utilizing Mid Journey for Art Creation

This section provides a step-by-step guide on how to use Mid Journey, an AI image generator, to create artwork for the digital art business. It explains how to join the platform, generate images using text prompts, and adjust settings to produce high-quality, sellable art. The paragraph also discusses strategies for refining prompts based on successful listings and using public domain images to generate similar styles, ultimately aiming to produce images that appeal to the market.

10:04

🖼️ Preparing Art for Sale

The paragraph focuses on the post-production process of preparing the AI-generated art for sale. It covers upscaling images for high quality, resizing them into popular aspect ratios, and creating professional mockups to enhance the artwork's appeal. The section also discusses the importance of using mockups that have proven to attract sales and provides tips on how to create and edit these mockups using free tools and services.

15:06

📈 Scaling the Business with Physical Prints

This final paragraph explores strategies for scaling the digital art business by offering physical prints through print-on-demand services like Printify. It explains how to set up the integration with Etsy, create and publish physical product listings, and handle orders without direct involvement. The paragraph also touches on the benefits of keeping separate shops for digital and physical products and encourages taking action on the business opportunity presented.

Mindmap

Keywords

💡AI digital download art

AI digital download art refers to the creation and sale of digital art pieces that are generated using artificial intelligence tools. These artworks are typically sold as digital files that customers can download and use for various purposes. In the context of the video, AI digital download art is the main product being discussed, with the speaker highlighting its potential for generating passive income and its appeal due to the low startup cost of $10.

💡Mid Journey

Mid Journey is an AI image generator platform that allows users to create digital art by inputting text prompts. The platform uses machine learning algorithms to interpret the text and generate corresponding images from scratch. In the video, Mid Journey is presented as a key tool for creating AI digital download art, with the speaker detailing how to access and use it to produce high-quality images for sale.

💡Passive income

Passive income refers to earnings derived from a business or investment that requires minimal ongoing effort to maintain or grow. In the context of the video, the speaker is promoting the creation and sale of AI digital download art as a means to generate passive income, emphasizing that once the artwork is created and listed for sale, it can continue to produce sales with little to no additional work.

💡Text prompt

A text prompt is a brief piece of text that serves as a starting point or input for an AI system to generate a response or output. In the context of AI image generation, a text prompt describes the desired image, and the AI uses this description to create the artwork. The video discusses the importance of crafting effective text prompts to guide the AI in producing high-quality, sellable digital art.

💡Etsy

Etsy is an e-commerce website focused on handmade or vintage items and craft supplies. It provides a platform for artists and creators to sell their products directly to consumers. In the video, Etsy is presented as a prime marketplace for selling AI-generated digital download art, with the speaker discussing strategies for listing and selling these products on the platform.

💡Mockups

Mockups are visual representations or templates that display how a product or design would look in a real-world setting. In the context of digital art sales, mockups are used to showcase how the digital art would appear when printed or displayed on various items. The video emphasizes the importance of using professional mockups to increase the appeal and sales of digital art products on Etsy.

💡Print on demand

Print on demand is a business model where products are printed or created only after a customer has placed an order. This model eliminates the need for creators to hold inventory, as the production and shipping are handled by a third-party service. In the video, the speaker suggests using a print on demand service like Printify to offer physical prints of the AI-generated art, thereby expanding the product offerings and potential revenue streams.

💡Discord server

A Discord server is a virtual gathering place on the Discord platform where users with shared interests can communicate and interact. In the context of the video, the Discord server is used as a platform to access and use the Mid Journey AI image generator, allowing users to create digital art and engage with a community of creators.

💡Aspect ratio

Aspect ratio refers to the proportional relationship between the width and height of an image or video. It is an important consideration in digital art and design, as different aspect ratios can affect how an image is perceived and used. In the video, the speaker discusses resizing digital art into popular aspect ratios to ensure the artwork can be used in various formats and applications.

💡Public domain images

Public domain images are works that are no longer protected by copyright and can be freely used by the public. These images can be used as a source of inspiration or as a basis for creating new works without infringing on copyright laws. In the video, the speaker suggests using public domain images as a reference for generating AI art that matches the style and vibe of successful digital art products.

💡Upscaler

An upscaler is a tool or software that increases the resolution of an image without losing quality or introducing noticeable artifacts. In digital art creation, upscaling is used to enhance the image quality, making it suitable for larger prints or higher-resolution displays. The video mentions using an upscaler within Mid Journey to improve the quality of the generated images.

Highlights

A shop has made over six figures selling AI digital download art within a year of opening.

The AI image generator Mid Journey is used to create sellable artwork from text prompts.

The process of starting this business requires an initial investment of just $10.

Artwork that sells well includes aesthetically pleasing painting styles with rustic, moody, vintage themes.

One shop, Antique White Art, has made over 600 artwork listings and achieved over 31,000 sales in their first year.

Another shop, Allura, has made over 1.3 million in sales over four years with a similar business model.

Lexington Prince, a newer shop, has made over 14,000 sales in just four months.

Researching what types of images sell is crucial to avoid wasting time on unprofitable artwork.

Using a shop analyzer tool like Aura can help identify successful art styles and trends.

Accessing Mid Journey is straightforward and involves joining their Discord server.

The cheapest plan for Mid Journey, offering commercial rights to images, is $10 a month.

Adjusting settings in Mid Journey can optimize the style and quality of generated images.

Public domain images can be used as a reference to generate similar AI artwork.

Upscoping images increases their quality, making them ready for sale.

Resizing artwork into popular aspect ratios is necessary for various uses.

Etsy is a recommended platform for selling digital art due to its high traffic and passive income potential.

Professional mockups are essential for selling digital downloads and can be created using Mid Journey.

Using print-on-demand services like Printify can expand the business to physical prints.

The business model can be scaled to six and seven figures by combining digital and physical product sales.

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