I Tried Selling AI Art in 2024 (ACTUAL RESULTS)

Patryk Marketer
9 Jan 202410:52

TLDRThe video discusses the viability of selling AI-generated art on Etsy in 2024, debunking the notion that it's dead. It follows the journey of a new store selling AI images, including clip art and digital paper, and shares its success. The creator helped their friend, Mr. M, to establish the store, leveraging YouTube membership for valuable insights. They identified hot products, combined successful elements to create unique offerings, and used AI prompts to generate designs. The store's first-month revenue reached $621, with a steady increase in sales, highlighting the potential in selling diverse digital products cohesively themed around seasonal trends.

Takeaways

  • 🚀 The concept of selling AI-generated art on Etsy is debunked as profitable in 2024, contrary to popular belief.
  • 🤖 The video presents the results of a new Etsy store selling AI-generated images, including clip art, digital paper, and AI prompts.
  • 📈 The store's success is attributed to a combination of various digital products rather than focusing on a single type.
  • 🎨 The store's product range includes clip art, digital paper popular during Christmas, and AI-generated prompts for image creation.
  • 📊 Etsy's 'Everyb' tool is used to spy on successful stores and understand which digital products are hot-selling items.
  • 🎄 The store capitalized on the Christmas season to sell digital paper, combining popular themes and colors to create unique products.
  • 💡 The video emphasizes the importance of cohesive themes across a store's product range, rather than limiting to a single product type.
  • 📈 The store's first month of operation saw a steady increase in sales, with a peak on December 31st and a total revenue of $1,200.
  • 📈 The store's growth trajectory continues into January, maintaining daily sales and averaging $60 in revenue.
  • 👩‍💻 The video creator's experience and advice on selling digital products on Etsy, including the strategy of mixing different product types within a cohesive theme.
  • 🔧 The use of Midjourney for AI image generation and Canva for background removal is highlighted for efficient product creation.

Q & A

  • What was the initial reaction of the speaker when approached by their friend to help build an Etsy store selling AI-generated images?

    -The speaker's initial reaction was to refuse the request due to laziness, but eventually agreed to help after the friend showed persistent interest.

  • What types of products were decided upon for the new Etsy store?

    -The store focused on selling AI-generated clip art, digital paper, and AI prompts.

  • How did the speaker and their friend identify the type of products to sell?

    -They brainstormed ideas and considered the popularity of certain products on Etsy, especially during the Christmas season, and decided on clip art, digital paper, and AI prompts based on that.

  • What is a common misconception about selling digital products on Etsy, according to the speaker?

    -The misconception is that sellers must focus on only one type of product to build a brand and sell a niche. However, the speaker found that selling a mix of different products with a cohesive theme works just as well.

  • How did the speaker and their friend combine the best features from different popular products to create their own unique offerings?

    -They analyzed popular products on Etsy, identified their best features, and combined those elements to create something new, such as a pink, Christmas-themed Highland cow cat design.

  • What tool did the speaker use to generate a prompt for creating the desired AI-generated image?

    -The speaker used the Mid journey AI image generator to create prompts based on an example image from a popular Etsy listing.

  • How did the speaker modify the AI-generated prompt to get the desired result?

    -The speaker modified the prompt by changing the subject from a Highland cow to an extremely cute cartoonish-looking cat wearing a pink Christmas hat and specified a white background for easier editing.

  • What was the revenue generated by the store in December?

    -The store generated a revenue of $1,200 in December, with a stable conversion rate of 7.4 and 3,446 visitors.

  • What was the best-selling day for the store in December?

    -The best-selling day was December 31st, when the store made $83.

  • How did the speaker remove the background from the AI-generated cat image?

    -The speaker used Canva's BG remover feature to remove the background from the image and made it transparent.

  • What was the total profit after fees for the store in the first month of operation?

    -The total profit after all fees in the first month was $621.

Outlines

00:00

🚀 Starting an AI Art Etsy Store

The video begins with the narrator discussing the viability of selling AI-generated art on Etsy in 2024. Despite initial skepticism, the narrator decides to help a friend, referred to as Mr. M, in setting up an Etsy store focused on AI-generated images. The store's offerings include clip art, digital paper, and AI prompts. The narrator shares insights on the types of digital products popular on Etsy, such as clip art for stickers and digital paper for gift wrapping, especially during the Christmas season. The video aims to reveal whether the store made money and provides a behind-the-scenes look at the process of building the store.

05:01

🎨 Combining Trends to Create Unique Products

In this paragraph, the narrator and Mr. M brainstorm ideas for unique AI-generated products by combining popular trends on Etsy. They identify hot-selling products and decide to create a new design featuring a pink, Christmas-themed Highland cow. The process involves using an AI image generator and refining prompts to achieve the desired look. The narrator demonstrates how to use a tool like Canva to remove backgrounds from images, making the product ready for sale. The goal is to create a bundle of clip art featuring 20 unique cats, as well as a PDF file of prompts for generating similar designs, which they plan to sell as a product.

10:03

📈 Reviewing the Store's Performance

The video concludes with a review of the AI art Etsy store's performance. Since its launch in November, the store has seen a significant increase in traffic and sales. By the end of December, the store had 4,689 visitors, 3,46 orders, a 7.4% conversion rate, and a revenue of $1,200. The best-selling day was December 31st, with $83 in sales. As of January 4th, the store maintains a daily revenue of around $60. The store offers a mix of clip art, digital paper, and prompts, with about 150 listings in total. The narrator suggests that the store is on an upward trajectory, especially with a focus on seasonal products, and hints at the possibility of discussing advertising strategies in a future video.

Mindmap

Keywords

💡AI Art

AI Art refers to the creative works produced with the assistance of artificial intelligence. In the context of the video, AI Art encompasses AI-generated images used for various products like clip art, digital paper, and AI prompts. These are sold on platforms like Etsy, with the video showcasing a store that specializes in these AI-generated products.

💡Etsy Store

An Etsy Store is an online shop set up on the Etsy platform, which is a marketplace for handmade or vintage items and craft supplies. The video focuses on a specific Etsy Store that sells AI-generated images, demonstrating its success and growth over a month of operation.

💡Clip Art

Clip Art refers to pre-designed images such as illustrations or photographs that can be used for various purposes, like creating stickers or digital products. In the video, Clip Art is one of the main digital products being sold, with AI-generated images being a key component.

💡Digital Paper

Digital Paper is a term used for printable paper designs that are bought and used for printing purposes, such as wrapping paper for gifts. In the video, Digital Paper is highlighted as a popular product during the Christmas season, and it is one of the AI-generated products the store focuses on.

💡AI Prompts

AI Prompts are input commands or text descriptions given to AI image-generating software to produce specific images. In the video, AI Prompts are sold as products themselves, helping customers who may lack creativity to generate their desired images.

💡Branding

Branding refers to the process of creating a unique name and image for a product or service in the consumer's mind, mainly through advertising campaigns with a consistent theme. In the video, the importance of branding the Etsy store and selling niche products is discussed, emphasizing that a store can sell multiple types of digital products as long as they share a cohesive theme.

💡Hot Products

Hot Products refer to items that are currently popular and in high demand in the market. The video uses the term to describe the best-selling products on Etsy, which the store owner analyzes to identify trends and create similar but unique AI-generated products.

💡Mid Journey

Mid Journey is an AI image generator software that creates images based on the prompts given to it. In the video, the store owner uses Mid Journey to generate AI art for the products they sell, demonstrating how the software can be utilized to produce desired designs.

💡Canva

Canva is a graphic design platform used to create visual content easily. In the video, Canva is mentioned as an alternative to Photoshop for removing backgrounds from images, making the process more accessible for those not proficient in photo editing.

💡Sales Statistics

Sales Statistics refer to the data collected on the performance of a business's sales efforts, such as the number of visitors, orders, conversion rates, and revenue. In the video, the presenter shares the Sales Statistics of the Etsy store to illustrate its success and growth over time.

Highlights

The discussion revolves around the viability of selling AI-generated art on Etsy in 2024, despite initial skepticism.

The video showcases the results from a new Etsy store selling AI-generated images, including clip art and digital paper.

The store was built with the help of a friend, Mr. M, who was initially met with refusal but eventually received assistance.

The store's product range includes AI prompts, which are popular among users of AI image generators like Mid Journey.

Digital paper, particularly popular during the Christmas season, was chosen as a product to sell due to the store's launch timing.

The misconception about selling digital products on Etsy is that one must sell only one type of product, but the strategy is to sell a cohesive theme of different products.

A top-selling Etsy store was used as an example, showing that a mix of different digital products can be successful if they share a similar theme.

The store combines successful features from popular listings, such as the Highland cow theme and the color pink, to create new, unique products.

The use of AI prompt modification is demonstrated to create a specific design, such as a cat with a pink Christmas hat.

The process of background removal using Canva is explained as an alternative to Photoshop for non-photo editing savvy users.

The store generated $66 on the day of recording, with 17 orders, and has been on an upward trajectory since its launch.

December's sales data shows 4,689 visitors, 3,46 orders, a 7.4% conversion rate, and $1,200 in revenue.

The best-selling day was December 31st, with $83 in revenue, and the store has maintained a daily profit of around $60.

After fees, the actual profit for the store since its active period in January 2023 has been $621.

The store has about 150 listings, which include a mix of clip art, digital paper, and prompts, focusing on seasonal products.

Ads have been run to boost sales, which may be discussed in future content.

Simplify Business Communication Now

Automate support, transcribe calls, and gain actionable insights.

Simplify Business Communication NowGet Started Now