This Side Hustle Can Make You RICH (2024)
TLDRThe video script outlines a method for creating and selling phone cases online using AI tools and automation software. It emphasizes the ease of starting an online business in this niche, from researching high-selling designs on platforms like Etsy to generating custom designs with AI. The process includes using free design software, partnering with suppliers for print and ship, and optimizing product listings for online marketplaces. The speaker shares personal success in building multiple businesses through this model, highlighting the potential for significant passive income.
Takeaways
- 📈 The use of AI tools and automation software has made starting an online business easier than ever, especially in creating visually appealing phone cases.
- 🔍 Successful businesses begin by researching low competition niches to avoid wasting time on unprofitable designs.
- 🎨 Free design software and AI tools can generate high-quality, niche-specific designs for phone cases without requiring professional design skills.
- 🚀 Automation software streamlines the process of applying artwork to phone cases, handling printing and shipping without manual intervention.
- 🛍️ Online platforms like Etsy provide a cost-effective marketplace for selling phone cases, with built-in marketing and a large customer base.
- 💡 Product research tools like Allura offer insights into sales and revenue data, helping to identify profitable product listings and trends.
- 📊 Analyzing reviews and sales data from best-selling listings provides a reliable method to estimate potential sales and revenue.
- 📈 The profitability of a phone case business can be substantial, with a focus on high-quality designs and efficient operations.
- 🌐 AI image generators such as MidJourney have improved, allowing for the creation of high-quality, sellable images with ease.
- 🖼️ Custom and pre-made designs, including text-based and AI-generated artwork, cater to a variety of customer preferences and increase sales potential.
- 🚀 Strategies for driving sales include creating high-quality designs and running paid ads or relying on quantity to improve search rankings and generate organic traffic.
Q & A
What is the main topic of the transcript?
-The main topic of the transcript is about creating and selling phone cases online using AI tools and automation software.
What is the significance of researching low competition niches?
-Researching low competition niches is important to avoid wasting time on designs that may not sell, ensuring that the efforts are focused on products that are more likely to be in demand.
How does the speaker use AI tools and automation software in their process?
-The speaker uses AI tools and automation software to generate designs for phone cases, apply the artwork to the phone cases, and list them for sale online without having to physically handle the products.
What is the role of the Allura tool in the product research process?
-The Allura tool provides insights into the performance of specific listings, such as sales numbers and estimated revenue, which helps in validating the potential success of a product before investing time and resources into it.
How does the speaker estimate sales data without using paid tools?
-The speaker estimates sales data by looking at the reviews section of a listing. They use a ratio of about one review for every 8 to 10 sales made, which is a reliable free method to gauge sales numbers.
What is the significance of Etsy in the speaker's business model?
-Etsy is significant in the speaker's business model as it is a platform where they sell their products. It is recommended for beginners due to its low entry barrier and the marketing support it provides.
How does the speaker calculate the profit margin for their products?
-The speaker calculates the profit margin by using the free Etsy fee calculator on Allura, factoring in the product cost, shipping price, and Etsy fees, to determine the net profit per order.
What is the strategy for creating high-quality designs that resemble the style of best-selling products?
-The strategy involves using image prompts that reflect popular styles and using AI-generated images or pre-made designs that match the aesthetics of successful listings. The speaker also emphasizes the importance of making the designs look non-AI generated.
What are the two main strategies for driving sales to the listings?
-The two main strategies are running paid ads to drive traffic to high-quality designs in the targeted niche, or uploading a large quantity of high-quality products to increase the chances of organic search ranking and free passive sales.
Why are good mockups important for the success of a phone case listing?
-Good mockups are important because they are the first thing a customer sees, influencing their decision to click on the listing and ultimately purchase the product. High-quality mockups can make a significant difference in converting potential customers.
How does the speaker's Printify product uploader program benefit the process?
-The Printify product uploader program automates the process of uploading designs to the phone cases and listing them for sale, saving a significant amount of time and effort that would otherwise be spent on manual product listing.
Outlines
🚀 Starting an Online Business with AI and Automation
This paragraph discusses the ease of starting an online business in the current technological landscape, highlighting the use of AI tools and automation software. It outlines a process where one begins by researching high-selling, low competition niches, then uses free design software and AI to generate fitting designs for phone cases. The automation software is used to handle the printing and shipping process with a supplier, allowing for passive income generation. The speaker shares their experience of building several successful businesses using this method over the past five years.
🎨 Leveraging AI Generators for Design
The focus of this paragraph is on utilizing AI generators like Mid Journey for creating high-quality designs for phone cases. It explains how the AI tools have improved and can now be accessed directly on the Mid Journey website. The speaker describes the process of generating images by typing prompts into the 'Imagine' bar and adjusting settings for desired aesthetics. The goal is to create images that appear non-AI generated but are still high quality enough for selling purposes. The paragraph also touches on using image prompts and basing designs on existing best-sellers to ensure marketability.
📈 Strategies for Boosting Sales and Mockup Importance
This paragraph delves into strategies for driving sales, which include creating high-quality designs and using paid ads or relying on a quantity-based approach to improve search rankings organically. It emphasizes the importance of good mockups for attracting customers and increasing sales. The speaker suggests using basic mockups initially and investing in better ones after making some sales. The paragraph concludes with a brief mention of the automation tools that facilitate quick product listing and the benefits of using Printify for phone case sales.
🔍 Optimizing SEO and Encouragement for Success
The final paragraph discusses the importance of SEO in getting listings to rank higher in search results, thus reaching more potential customers. It explains how incorporating keywords from winning listings into one's own titles and tags can improve visibility. The speaker encourages persistence in creating and posting good listings, emphasizing that sales will eventually come with consistent effort. The paragraph ends with an offer to provide more information on the business model and a motivational note, highlighting the success of others as a source of inspiration.
Mindmap
Keywords
💡Passive Income
💡AI Tools
💡Automation Software
💡Low Competition Niches
💡Etsy
💡Figma
💡Printify
💡Mid Journey
💡SEO (Search Engine Optimization)
💡Mockups
💡Custom Products
Highlights
Phone cases have sold thousands of times and continue to generate significant passive income.
AI tools and automation software have democratized the ability to create high-quality designs, making it easier to start an online business.
The process begins with researching low competition niches to avoid wasting time on unprofitable designs.
Free design software and AI tools are used to generate perfectly fitting designs for niches with proven success.
Automation software applies the artwork to phone cases, handling printing and shipping without the creator's physical involvement.
Listing the phone cases online allows customers to view and purchase, creating a passive income stream.
The presenter has built several successful businesses using this model over the last 5 years.
Using the Allura tool provides insights into sales and estimated revenue of similar listings on platforms like Etsy.
The average number of sales and revenue can be analyzed to understand the performance of a niche.
Free methods like examining reviews on listings can provide reliable sales data, with one review equating to 8 to 10 sales.
Etsy is recommended as a starting platform for beginners due to its low entry cost and marketing support.
Calculating profit involves considering the listing price, product cost, and shipping fees.
AI generators like Leonardo AI and Mid Journey have improved in quality, making it easier to create high-quality images for sales.
Mid Journey's website allows for image generation directly within the platform, simplifying the process.
Image prompts and stylistic settings in AI tools help create designs that mimic popular and successful selling styles.
Custom phone case listings offer a more personalized product, though they require manual fulfillment.
Strategies for driving sales include creating high-quality designs and running paid ads or relying on quantity to improve search rankings.
Good mockups are crucial for attracting customers and can be improved with tools like Free Pick.
Automation tools like the presenter's Printify product uploader streamline the product listing process, saving significant time and effort.
SEO optimization using successful listings' titles and tags is essential for organic search ranking and visibility.
Consistency in creating and posting good listings with quality designs and SEO will eventually lead to sales success.
