WATCH This Before You Start Selling A.I Art on Etsy

Patryk Marketer
18 Aug 202309:31

TLDRThe video discusses the experience of selling AI-generated art on Etsy, highlighting the challenges of market saturation and the importance of product quality and differentiation. The creator emphasizes the long-term nature of the business, suggesting that persistence and adaptation to market trends are key to success. They also stress the reality of seasonality in entrepreneurship, advising a balanced approach by combining it with a stable job.

Takeaways

  • 🎨 The AI art market on Etsy is a new and growing genre with increasing interest from creators and consumers.
  • 📈 Saturation is a challenge in the AI art market on Etsy, but it should not be seen as a major obstacle.
  • 💪 Overcoming saturation involves having a high volume of quality listings and building a strong reputation.
  • 🌟 Standing out from the competition is crucial; focus on quality, presentation, and unique offerings.
  • 🛠️ Selling AI art is a long-term game that requires patience and consistent effort.
  • 📊 The sales journey can be unpredictable with periods of high and low revenue, much like other marketplace experiences.
  • 🚀 To succeed, create relevant and timely content that aligns with current trends and consumer demands.
  • 🎯 Focus on understanding your target audience and tailor your products to their specific needs and interests.
  • 👎 Avoid creating low-quality or irrelevant content as it contributes to market saturation and hinders sales.
  • 🌐 Seasonality is a factor in the business that not everyone can handle, so consider maintaining a regular job while building your Etsy business on the side.

Q & A

  • What is the main topic of the video?

    -The main topic of the video is the truths and lessons learned by the creator about selling AI art on Etsy, a new genre that has gained popularity recently.

  • How long has the creator been selling AI art on Etsy?

    -The creator has been selling AI art on Etsy since March of the current year, up until the recording date in August.

  • What is the number one issue the creator addresses in the video?

    -The number one issue addressed in the video is saturation in the AI art market on Etsy.

  • How does the creator handle the saturation in the market?

    -The creator handles saturation by having many listings, building a reputation, and ensuring the quality of their listings, which helps them stand out from the competition.

  • What is the creator's perspective on the long-term nature of selling AI art on Etsy?

    -The creator views selling AI art on Etsy as a long-term game, similar to building a business, where one should not expect immediate results but rather focus on gradual growth and reputation building.

  • How does the creator suggest new sellers stand out in a saturated market?

    -The creator suggests that new sellers should focus on the quality of their products, presentation, and relevance to current trends or themes to stand out in a saturated market.

  • What is the importance of understanding the target audience according to the creator?

    -Understanding the target audience is crucial because it helps sellers create listings and products that are relevant and appealing to potential buyers, thus increasing the chances of sales.

  • What advice does the creator give to those who struggle with the seasonality of entrepreneurship?

    -The creator advises those who struggle with the seasonality of entrepreneurship to maintain a regular job and treat the Etsy AI art business as a side venture, using stable income to invest and grow the business over time.

  • How does the creator suggest utilizing a virtual assistant for the AI art business?

    -The creator suggests hiring a virtual assistant from countries like Pakistan or the Philippines, teaching them how to create AI art, and using their work to sell on Etsy, as a way to grow the business with a limited initial investment.

  • What is the creator's final message to the viewers?

    -The creator's final message is one of honesty and realism about the challenges of selling AI art on Etsy. They encourage viewers to be committed and treat it as a long-term business venture, while also being prepared for the ups and downs of entrepreneurship.

Outlines

00:00

🎨 Navigating Saturation in AI Art Sales on Etsy

The speaker discusses their experiences selling AI-generated art on Etsy, noting the increased saturation in the market since they started in March. Despite the challenges, they emphasize that saturation is a natural part of capitalism and marketplace dynamics. They share their journey, including initial success, followed by a period of struggle, and eventually a breakthrough. The key takeaway is that having a large number of listings, quality products, and a strong reputation can help overcome saturation issues. The speaker also encourages viewers to join their Discord community for support and networking.

05:03

🚀 Standing Out and Embracing Long-Term Strategy

The speaker highlights the importance of standing out in a saturated market by focusing on quality and presentation. They stress that creating relevant and appealing products is crucial for sales. The speaker also addresses the misconception that selling AI art is a get-rich-quick scheme, explaining that it's a long-term endeavor much like building any business. They share an example of a successful store that has managed to thrive due to its unique theme and presentation. The speaker advises viewers to treat their Etsy business with a long-term perspective, to be prepared for the seasonality of sales, and suggests using a stable income to invest in the business and hire assistance for creating AI art.

Mindmap

Keywords

💡AI Art

AI Art refers to the creative works produced with the assistance of artificial intelligence. In the context of the video, it specifically denotes the AI-generated digital art pieces being sold on Etsy, a popular online marketplace. The speaker has been involved in selling AI Art since March of the current year and shares insights on the emerging genre, highlighting the uniqueness and challenges associated with it.

💡Etsy

Etsy is an e-commerce website focused on handmade or vintage items and craft supplies. In the video, the platform is portrayed as a marketplace where the speaker and others are pioneering the sale of AI-generated art. The speaker reflects on the saturation and competition on Etsy, as well as strategies to stand out and succeed in this niche.

💡Saturation

In the context of the video, saturation refers to the overcrowding of the market with AI-generated art products, making it challenging for individual sellers to differentiate their offerings. The speaker addresses this issue, sharing personal experiences and strategies for overcoming saturation by focusing on quality, reputation, and unique presentation.

💡Discord

Discord is a communication platform used by the speaker to create a community for like-minded individuals interested in AI Art and Etsy selling. The video encourages viewers to join this Discord server through the speaker's YouTube membership for support, networking, and shared experiences in navigating the AI Art market on Etsy.

💡Reputation

Reputation in the video refers to the credibility and trustworthiness a seller builds on Etsy over time, which can lead to recurring purchases and a loyal customer base. The speaker emphasizes the importance of reputation in distinguishing one's store from competitors and overcoming market saturation.

💡Seasonality

Seasonality in the context of the video pertains to the fluctuating demand for products based on the time of year, affecting the sales and income of an Etsy seller. The speaker candidly discusses the challenges of dealing with seasonality in entrepreneurship, contrasting it with the stability of a regular job, and encourages viewers to approach AI Art selling as a long-term business venture.

💡Clip Art

Clip Art refers to pre-designed pieces of art or graphics that can be used for various purposes, such as in documents or on websites. In the video, the speaker mentions AI-generated clip art as a product category that has seen increased interest and saturation on Etsy. The speaker also provides advice on how to create and sell clip art that is relevant and appealing to customers.

💡Content Creation

Content creation, as discussed in the video, involves the process of producing and sharing digital content, such as videos or listings, to engage an audience. The speaker shares their experience in creating content about selling AI Art on Etsy, attracting viewers through their unique presentation and charisma, and emphasizes the importance of standing out in a crowded market.

💡Market Research

Market research is the process of gathering and analyzing information about target audiences, competitors, and market trends to inform business decisions. In the video, the speaker underscores the importance of understanding what people are looking for and creating relevant listings that align with current market demands, such as back-to-school or Halloween themes.

💡Entrepreneurship

Entrepreneurship refers to the process of starting and managing a business, often involving innovation, risk-taking, and strategic planning. The speaker shares personal insights on the challenges and realities of entrepreneurship, particularly in the context of selling AI Art on Etsy, and encourages viewers to approach it as a long-term commitment rather than a get-rich-quick scheme.

💡Virtual Assistant

A virtual assistant is a remote worker who provides administrative or technical support to clients. In the video, the speaker suggests hiring a virtual assistant from countries like Pakistan or the Philippines to help with the creation of AI Art. This strategy is presented as a way to leverage stable income from a regular job to invest in and grow an Etsy business.

Highlights

The speaker has been selling AI art on Etsy since March and shares insights on the growing genre.

Saturation in the AI art market on Etsy is increasing, but the speaker views it as a natural part of capitalism and market dynamics.

The speaker emphasizes that having many listings and building a reputation can help combat saturation and stand out in a crowded market.

Quality of products and presentation are key factors in standing out and attracting customers in a saturated market.

The AI art market on Etsy is a long-term game, and the speaker compares it to building a business with ups and downs.

The speaker suggests that new sellers should focus on creating relevant and seasonal products to meet customer demands.

Seasonality in the AI art business can lead to inconsistent income, and the speaker recommends maintaining a regular job while building the Etsy business on the side.

The speaker advises using stable income from a regular job to hire and train a virtual assistant to create AI art, treating the Etsy business as a long-term investment.

The speaker shares an example of a successful four-month-old Etsy store that stands out due to its unique theme and presentation.

Many sellers create low-quality listings and fail to sell relevant products, contributing to market saturation without addressing customer needs.

The speaker encourages viewers to focus on the target audience and create products that align with their interests and current events.

Entrepreneurship is not easy, and the speaker warns that the reality of starting a business can be challenging and inconsistent.

The speaker is committed to the AI art business despite the seasonality and challenges, and encourages others to give it a try with a realistic mindset.

The speaker invites viewers to join a Discord community for like-minded individuals and to engage with more content on the YouTube channel.

The speaker concludes by emphasizing the importance of honesty, hard work, and long-term commitment in the AI art market on Etsy.