How to SUCCESSFULLY Sell Etsy AI Art in 2024 (A to Z)

Patryk Marketer
12 Dec 202315:10

TLDRThe video provides a comprehensive guide on how to successfully sell AI-generated art on Etsy in 2024. It shares a case study of a friend's store that has been operational for about a month and has already generated a modest income. The video explains that while significant earnings are possible, it requires substantial effort and strategic planning. It outlines the types of digital products that can be sold, such as clip art, digital paper, coloring books, and sticker designs, and emphasizes the importance of using AI tools like Midjourney and DALL-E 3 for image creation. The presenter also discusses the use of data and tools like Everb to research popular themes and products on Etsy. The video demonstrates how to create and refine AI-generated images, remove backgrounds, and upscale images using Canva. It concludes with advice on bundling products effectively to drive traffic and sales, suggesting the creation of small bundles to attract customers and larger bundles for higher profits. The presenter also offers additional resources, including a YouTube membership for more in-depth information and a community Discord for networking and support.

Takeaways

  • 🎨 **AI Art Sales Potential**: A friend's store, started a month ago, generated $37 in revenue and $568 in the last 30 days, mostly profit after AI software and Etsy fees.
  • 💰 **Revenue Disclaimer**: Most people won't make a substantial income from selling AI art, but it's possible with effort and the right strategy.
  • 📈 **Growth Over Time**: The store's traffic and sales increased over time, especially around December, indicating a slow but steady growth pattern.
  • 🛍️ **Product Types**: Popular products to sell include clip art, digital paper, coloring books, and sticker designs, with clip art being the easiest to start with.
  • 🤖 **AI Tools for Creation**: Midjourney and DALL-E 3 are two AI tools for creating images, with Midjourney being more versatile but DALL-E 3 offering more accuracy and text inclusion.
  • 🔍 **Market Research**: Use tools like Everb to analyze product trends on Etsy and identify popular themes and objects to create.
  • 🎄 **Seasonal Themes**: Capitalize on seasonal occasions like Christmas to create themed clip art that is likely to sell well.
  • 💡 **Combining Ideas**: Combine popular themes and objects to create unique AI art products that stand out in the market.
  • 🛠️ **Image Editing**: Use tools like Canva for background removal and image upscaling, which are cost-effective alternatives to more expensive software like Photoshop.
  • 📚 **Bundle Strategy**: Create small bundles of 10-20 images to attract traffic and larger bundles of 100+ items to generate significant sales.
  • 💰 **Monetization Focus**: The key to profitability is offering large bundles or 'whole store' packages at higher prices, which are the primary money-makers.
  • 📝 **Community and Resources**: Joining a community and accessing resources like monthly prompts and dropshipping lists can help stay updated and improve sales strategies.

Q & A

  • What is the average monthly revenue a new store selling AI images on Etsy can expect?

    -A new store selling AI images on Etsy can expect to generate around $500 to $600 in its first month, as demonstrated by the store mentioned in the transcript.

  • What are the primary costs associated with selling AI-generated images on Etsy?

    -The primary costs include subscription fees for the AI software and fees on Etsy. Other costs such as for image editing tools like Photoshop or Canva may also apply.

  • What is the recommended approach to creating and selling clipart on Etsy?

    -The recommended approach is to create small bundles of 10-15 images with similar themes to attract traffic to the store, and then combine these into larger bundles for higher sales.

  • How can one determine what type of AI image products are popular on Etsy?

    -One can use data from Etsy and tools like Everb, a Chrome extension, to analyze product analytics and identify reoccurring themes and objects that are popular.

  • What are some of the popular AI image products that can be sold on Etsy?

    -Popular AI image products include clipart, digital paper, coloring books, and sticker designs.

  • How can one use AI to create images similar to existing popular images?

    -One can use AI image generators like Mid Journey or DALL-E 3 to analyze existing images and create similar ones by modifying the prompts used in the AI software.

  • What is the significance of creating small bundles of AI images?

    -Small bundles of AI images are primarily used to bring traffic to the store. They are not typically high-profit items but serve to attract customers to the store where they can then be sold larger, more profitable bundles.

  • Why is it not recommended to create a single large bundle of 140 clipart images for a low price?

    -Creating a single large bundle of many images for a low price can devalue the product and may not generate significant revenue. Instead, it's more effective to create smaller, themed bundles and then combine them into larger, more expensive bundles for higher profits.

  • How can one upscale an AI-generated image while maintaining quality?

    -One can use photo editing software like Photoshop or online tools like Canva to upscale images. However, for a more professional and higher quality result, it's recommended to use specialized software for image upscaling that preserves resolution.

  • What is the role of 'cuteness' in selling AI images on Etsy?

    -Cuteness is a significant factor in the appeal of AI images on Etsy. Products that are perceived as cute tend to sell better, as they often evoke positive emotions and are more likely to attract buyers.

  • How can one stay updated with the latest trends and strategies for selling AI images on Etsy?

    -One can stay updated by joining online communities, such as the YouTube membership and Discord server mentioned in the transcript, which provide monthly prompts, trends, and strategies for selling AI images on Etsy.

Outlines

00:00

💰 Earning Potential with AI Images on Etsy

The video script introduces the potential for generating income by selling AI-generated images on Etsy. It shares the example of a friend's store that has been operational for about a month and has already generated $37 in revenue. The speaker emphasizes that while the earnings are modest compared to some exceptional cases, such as a seller making $30,000 a month from selling Tumblr wraps, most people will not achieve such high earnings. The script also provides a disclaimer that success in this area requires significant effort and work, and the speaker offers a framework for viewers to follow. The main focus is on selling digital products, specifically clipart, which is identified as the easiest product to create and sell on the platform.

05:01

🎨 Creating and Selling AI-Generated Clipart on Etsy

The script explains how to create and sell AI-generated clipart, a popular product on Etsy. It outlines the use of AI tools like Mid Journey and DALL-E 3 for generating images and highlights the differences between them. The speaker also discusses the importance of using data from Etsy and tools like Everb to research popular themes and products. By analyzing trends and combining themes with objects, sellers can create unique and appealing clipart bundles. The video provides a step-by-step guide on how to modify prompts for AI image generation, remove backgrounds, and upscale images using Canva, which is presented as an accessible alternative to Photoshop for those not well-versed in photo editing.

10:03

📈 Optimal Bundle Strategy for Etsy Sales

The script delves into strategies for selling AI-generated images on Etsy, emphasizing the importance of creating small bundles of 10-20 images to attract traffic and larger bundles of 100 or more items to generate significant sales. It advises against creating enormous bundles with many images as this can devalue the product. The video shares insights from the speaker's experience, suggesting that small bundles serve as traffic drivers, while large bundles are the real money-makers. The speaker also discusses the psychology behind pricing and bundling, explaining why offering a 'whole store' bundle or a large collection of clip art at a higher price point can be more profitable. The video concludes with a call to action, inviting viewers to join a community for further support and resources.

15:03

📹 Conclusion and Engagement Invitation

The video concludes with an invitation for viewers to engage with the content by asking questions in the comments section. The speaker expresses well wishes for the viewers and indicates an intention to see them in the next video, fostering a sense of community and ongoing support. The tone is friendly and supportive, encouraging viewers to continue exploring the topic and to reach out if they have any questions or need further guidance.

Mindmap

Keywords

💡AI Images

AI Images refer to visual content generated using artificial intelligence. In the context of the video, AI images are used to create digital art products for sale on Etsy. The video discusses how these images can be produced and sold successfully, which is central to the video's theme of monetizing AI-generated art.

💡Etsy

Etsy is an e-commerce website focused on handmade or vintage items and craft supplies. In the video, Etsy is presented as the platform where AI-generated art products are sold. It is the marketplace that enables the sales and revenue generation discussed throughout the script.

💡Revenue

Revenue refers to the income generated from business activities, typically from the sale of goods or services. In the video, the creator shares the revenue generated from selling AI images on Etsy, which serves as a measure of success and a motivation for viewers interested in following a similar path.

💡Digital Products

Digital products are items that exist in a digital format and can be distributed electronically. The video emphasizes that selling digital products, such as AI-generated images, on Etsy has the advantage of being mostly profit due to the lack of physical production and shipping costs.

💡Clipart

Clipart refers to pre-made digital images used for decoration or design elements. In the video, clipart is identified as a popular and easy product to create and sell on Etsy using AI. It is an example of a digital product that can be successfully sold, as demonstrated by the video's case study.

💡Midjourney

Midjourney is an AI image generator mentioned in the video as a tool for creating AI images. It is one of the options available to artists and designers to produce the digital art products that are the focus of the video's monetization strategy.

💡AI Software Subscription Fees

AI Software Subscription Fees are the recurring costs associated with using AI image generation tools. The video discusses these fees as part of the expenses that need to be considered when calculating the profit from selling AI-generated art on Etsy.

💡Etsy Fees

Etsy Fees refer to the charges or commissions taken by the Etsy platform for facilitating sales. These fees are mentioned as part of the costs that sellers need to account for when determining the profitability of their AI art products.

💡Everb

Everb is a Chrome extension used for analyzing product data on Etsy. In the video, it is used to research popular themes and trends, which helps in deciding what kind of AI-generated clipart to create and sell. It plays a crucial role in the product research phase.

💡Canva

Canva is a graphic design platform used for editing images and creating visual content. The video demonstrates using Canva for background removal and image upscaling, which are steps in preparing AI-generated images for sale on Etsy. It is presented as an accessible and cost-effective alternative to more sophisticated design software.

💡Bundles

Bundles refer to a collection of items grouped together for sale. In the context of the video, creating small and large bundles of AI-generated clipart is a strategy for driving traffic and making sales on Etsy. Small bundles are used to attract visitors, while large bundles are the primary source of revenue.

Highlights

A friend's store, started a month ago, generated $37 in revenue, showcasing the potential of AI art sales on Etsy.

Over the last 30 days, the store has generated $568, with most of it being profit due to digital product sales.

Subscription fees for AI software and Etsy fees are the main costs to consider.

The store's traffic has been growing steadily since December, with daily earnings increasing from $10 to around $50.

The presenter emphasizes that while it's possible to make significant income, most people won't achieve high earnings like some YouTubers claim.

The framework for success is provided, but individual effort determines the outcome.

Clipart is identified as the most popular and easiest product to start selling, with a demonstrated example of a successful sale.

Two AI image generator options are discussed: Mid Journey and Chad GPT 4 with built-in DALL-E 3.

Mid Journey is available to everyone, while DALL-E 3 is premium and has a waiting list.

DALL-E 3 is known for its accuracy and ability to include text in images, but may struggle with abstract concepts.

Everb is a Chrome extension used for analyzing Etsy product analytics to inform product design ideas.

Combining popular themes and objects, such as pink Santas and Christmas gnomes, can create unique and marketable clipart.

The presenter offers monthly idea lists and prompts to YouTube members, aiding in the creative process.

Using AI, the presenter demonstrates how to recreate and modify images to fit market trends.

Canva is recommended as an alternative to Photoshop for image editing, offering a built-in background removal and upscaling feature.

Creating small bundles of 10-20 images acts as traffic drivers, while larger bundles of 100+ items are the primary money generators.

The strategy involves selling multiple small bundles to attract visitors and larger bundles for profit.

An in-depth one-hour course on YouTube provides a step-by-step guide on starting with AI image sales on Etsy.

Joining a community like the presenter's Discord can offer support, monthly prompts, and weekly meetings to stay informed and improve sales strategies.