I Tried Selling A.I. Art for 30 days - Realistic Results
TLDRIn this video, the creator discusses their experience selling AI-generated art on Etsy for a month using a software called Medjurning. They highlight the unlimited potential for creating and selling digital art, the high profit margins, and the passive nature of the business model. The creator shares their strategy of identifying popular trends on Etsy and creating similar AI art, such as mushroom-themed images. Despite the time investment required to generate each art bundle, the creator has seen a consistent growth in revenue, with a high conversion rate of 9.1%. They also emphasize the effectiveness of Etsy ads and the minimal customer service required. By the end of the month, the store had generated $487 in revenue, with a profit of $207.74, despite being a new account with no prior reviews. The video concludes with the creator's intention to expand the store and continue leveraging AI art for passive income.
Takeaways
- 🎨 The creator used a software called Medjurning to generate AI art for their Etsy store, which is part of a broader AI revolution in art and technology.
- 💡 AI art offers unlimited potential for creation, meaning there's no limit to how many images one can produce and sell on platforms like Etsy.
- 📈 Etsy's marketplace supports digital products, allowing for high profit margins and passive income generation from AI art sales.
- 🚀 Medjurning has a free plan, but for reselling purposes, a paid subscription starting at $10 per month is necessary.
- 📊 The conversion rate for the AI art store was 9.1%, which is considered high in the context of online marketing.
- 🔍 The strategy involved creating bundles of 20 PNG images that are already popular on Etsy, using insights from a tool called Everb.
- 🕒 Time investment is required to create each bundle of AI art, which can range from 20 minutes to over an hour depending on quality and file size.
- 📉 One of the cons mentioned is the time-consuming process of creating AI art bundles for sale, which might not yield immediate high returns.
- 📝 Customer service is minimal with AI art sales on Etsy, with few messages received and mainly concerning link access.
- 🌟 The store received most of its traffic from the Etsy app's suggestive algorithm, followed by Etsy search and Etsy marketing SEO.
- 📈 The store's revenue has been growing steadily, with the first day of generating $50 in sales marked as a milestone.
- 📋 The actual profit after fees and marketing costs for the month was $207.74, indicating a successful start for a new account with just 23 listings.
Q & A
What is the name of the software used to create AI art in the video?
-The software used to create AI art is called Medjurning.
What is the starting cost for the paid plan of Medjurning?
-The starting cost for the paid plan of Medjurning is ten dollars a month.
What is the advantage of selling AI generated art on Etsy?
-The advantage of selling AI generated art on Etsy includes unlimited potential for creating images, high profit margins, a passive income method, and minimal customer service involvement.
What is the conversion rate of the Etsy store mentioned in the video?
-The conversion rate of the Etsy store mentioned in the video is 9.1%, which is considered high in marketing.
How much revenue did the store generate from March 1st to March 27th?
-The store generated $487 in revenue from March 1st to March 27th.
What was the actual profit made from selling AI generated art in March?
-The actual profit made from selling AI generated art in March was $207.74.
What tool did the video creator use to identify popular items to create AI art similar to?
-The video creator used a tool called Everb to identify popular items to create similar AI art.
What is the strategy the video creator used to increase the chances of their AI art being sold?
-The strategy was to create bundles of 20 PNGs of items that are already popular on Etsy, using data from successful listings to inform their creations.
What type of AI art has been particularly popular on Etsy according to the video?
-Mushroom-themed AI generated art has been particularly popular on Etsy.
Why is running ads on Etsy recommended for a new store?
-Running ads on Etsy is recommended for a new store because they are very effective, especially for a brand new store without any reviews or establishment, to generate traffic and sales.
What is the biggest con mentioned in the video regarding selling AI generated art on Etsy?
-The biggest con mentioned is the time it can take to create a bundle of AI art to sell on Etsy, which can range from 20 minutes to over an hour depending on quality and file size.
How does the video creator plan to grow their AI art store on Etsy?
-The video creator plans to grow their AI art store on Etsy by continuously adding more listings and using the revenue to snowball the business, building it up over time.
Outlines
🎨 Starting an AI Art Etsy Store: The First Month's Experience
The speaker discusses their experience of starting an Etsy store to sell AI-generated art using the software Medjurning. They explain the concept of AI art, the potential of the AI revolution, and the advantages of using Medjurning. The speaker also outlines the costs associated with using the software, including the monthly subscription fee. They highlight the pros of selling AI art on Etsy, such as unlimited potential for image creation, high-profit margins, the passive nature of the business, and minimal customer service involvement. Additionally, they touch upon the cons, including the time investment required to create art bundles and the initial slow growth of the store. The speaker also shares their strategy for the store, which involves creating popular image bundles and using tools like Everb to research successful products on Etsy.
📈 Etsy Store Performance: Strategies and Results
The speaker provides an in-depth analysis of their Etsy store's performance, focusing on strategies that led to success. They used Everb to identify trending products and aimed to create similar items, leveraging the Etsy algorithm to gain visibility. The store's results are shared, including the number of visitors, orders, conversion rates, and revenue generated. The speaker emphasizes the effectiveness of Etsy's advertising platform in driving sales and recommends using it for new stores. They also discuss the store's traffic sources, including the Etsy app, search, and external SEO. The speaker provides a breakdown of the costs involved, such as listing fees, transaction fees, and marketing expenses, and calculates the profit made from the store's operations.
📊 Analyzing Sales and Profit: The Financial Breakdown
The speaker delves into the financial aspects of running the AI art Etsy store, including sales, fees, marketing costs, and overall profit. They detail the revenue generated from sales and the various fees paid, such as listing, transaction, and processing fees. Marketing costs, particularly for Etsy ads, are also outlined. The speaker shares their actual profit after accounting for all expenses, demonstrating the viability of the business model. They express optimism about the store's growth, mentioning plans to add more listings and continue building on the initial success.
🚀 Scaling Up and Future Outlook for AI Art on Etsy
The speaker concludes by reflecting on the potential for scaling up the AI art Etsy store. They highlight the promising results from the first month and express excitement about the growth potential. The speaker also mentions a second store they operate, which has shown significant growth over two months. They encourage viewers to follow their progress and offer additional resources, such as YouTube videos and a training video for YouTube members, to learn more about selling AI art on Etsy. The speaker also provides information on how to access AI prompts for product research.
Mindmap
Keywords
💡AI Art
💡Medjurning
💡Etsy
💡Profit Margins
💡Passive Income
💡Customer Service
💡Digital Products
💡Conversion Rate
💡Etsy Ads
💡Everb
💡SEO (Search Engine Optimization)
Highlights
The video discusses the experience of selling AI-generated art on Etsy for 30 days using the software Medjurning.
Medjurning is capable of creating high-quality AI art, with a recent update called mid-journey 5 that improves the process.
A Discord account is required to use Medjurning, and a paid plan is necessary for reselling the generated art.
The initial cost for using Medjurning is $10 a month, which is considered reasonable for the creator.
Pros of selling AI art on Etsy include unlimited potential for image creation, high profit margins, and a passive income stream.
The Etsy marketplace supports digital products, allowing for the sale of numerous digital items.
The creator recommends running ads on Etsy for new stores due to their effectiveness in generating sales.
AI art selling on Etsy is a completely passive way to make money, with minimal customer service involved.
The creator has received very few messages from customers, indicating a smooth and hassle-free sales process.
Etsy does not support a return policy on digital products, which is advantageous for sellers.
The major con mentioned is the time it can take to create a bundle of AI art for sale on Etsy.
The creator used a tool called Everb to research popular trends on Etsy and mimic successful niches.
The strategy involved creating bundles of 20 PNGs that are similar to popular items already selling on Etsy.
The Etsy store started with slow sales but saw significant growth after adding more listings.
The store had a high conversion rate of 9.1%, which is considered very high in marketing terms.
The creator spent $123 on Etsy ads, which they found to be very effective for generating sales.
From March 1st to March 27th, the store generated $487 in revenue with a profit of $207.74.
The creator plans to continue adding more listings and growing the store, aiming to snowball the business.
The video offers additional resources for those interested in learning more about selling AI art on Etsy.
