Promptbase: How Much You Can ACTUALLY Earn?

The video discusses the realistic earnings from selling prompts on PromptBase, debunking the high-income claims made by some YouTube channels. The creator provides an example of a successful seller who has made $1,001.65 in three months, but after PromptBase's 20% fee and the cost of a MidJourney subscription, the net monthly income is $237.10. The video also touches on the limitations for new sellers, such as a maximum prompt price of $4.99, and the daily limit of two prompt submissions. It concludes that while PromptBase can provide a few hundred dollars a month as a side hustle, it is not a full-time income source. The creator emphasizes the importance of setting realistic expectations and enjoying the creative process.

Takeaways

• 📉 Realistic Earnings: Creators on Promptbase can expect to earn a few hundred dollars a month, which is a reasonable side hustle income but not a full-time income replacement.
• 💰 Average Sale Price: The average price for a successful creator's prompts is around $2.99, with higher prices for more premium prompts.
• 💵 Earnings Calculation: A creator with 335 sales at $2.99 per prompt would earn approximately $1,001.65 before Promptbase's 20% fee.
• 📈 Monthly Earnings: After fees and considering a mid-journey subscription, a creator might earn around $237.10 per month from Promptbase.
• 🚫 Pricing Limitations: New accounts on Promptbase are capped at a maximum price of $4.99 for their prompts, which can only be lifted with proven success.
• 📈 Sales Volume: Even with a high volume of prompts, there's a limit to how many can be submitted per day on Promptbase, typically no more than two.
• 📉 Market Dynamics: It doesn't make economic sense to price prompts very high, especially for new creators without established credibility.
• 🎨 Artistic Satisfaction: Some creators find joy in creating prompts and utilizing modern AI technology, which can be a fulfilling aspect of the side hustle.
• 💼 Tax Considerations: Earnings from Promptbase are taxable, and the amount of tax owed will depend on the creator's location.
• 📉 Clickbait vs Reality: The earnings from Promptbase are far from the exaggerated numbers often seen in clickbait videos and should be approached with realistic expectations.
• 📈 Growth Potential: While Promptbase may not provide a full income, it can be a legitimate source of supplementary income for those dedicating time and effort to it.

Q & A

What is the average price for the prompts sold by the first mentioned creator on Promptbase?

The average price for the prompts sold by the first mentioned creator on Promptbase is $2.99.

How many sales has the first creator achieved on Promptbase?

The first creator has achieved 335 sales on Promptbase.

What is the rank of the first creator mentioned in the transcript?

The rank of the first creator mentioned in the transcript is 42.

How much does Promptbase withhold from a creator's earnings?

Promptbase withholds 20% of a creator's earnings.

What is the estimated monthly income for the first creator after Promptbase's fee and considering a three-month period?

The estimated monthly income for the first creator after Promptbase's fee and considering a three-month period is $267.10.

What is the cost of the standard plan for Midjourney that the creator might be using?

The cost of the standard plan for Midjourney that the creator might be using is $30 per month.

After subtracting the Midjourney subscription cost, what is the adjusted monthly income for the first creator?

After subtracting the Midjourney subscription cost, the adjusted monthly income for the first creator is $237.10.

What is the maximum price limit for a beginner account on Promptbase?

The maximum price limit for a beginner account on Promptbase is $4.99.

What is the limit on how many prompts a creator can submit per day on Promptbase?

A creator cannot submit more than two prompts per day on Promptbase.

Why might it not be economically sensible to price prompts very high for a new creator on Promptbase?

It might not be economically sensible to price prompts very high for a new creator on Promptbase because they don't have the credibility yet to sell them for really big money, and most buyers are looking for budget-friendly prompts.

What is the general advice given by the speaker regarding the realistic earnings from Promptbase?

The general advice given by the speaker is to be realistic about earnings from Promptbase, understanding that it is a side hustle that can provide a few hundred dollars a month, but it is very far from the huge earnings promised by some clickbait videos.

What is the speaker's personal view on Promptbase as a side hustle?

The speaker is a big fan of Promptbase as a side hustle, finding it enjoyable to create prompts and work with AI technology, while also being realistic about the income it can generate.

Outlines

00:00

🤔 Realistic Earnings from Prompt Base: An Honest Look

The first paragraph discusses the realistic earnings a creator can expect from selling prompts on Prompt Base. It addresses the inflated earnings claims made by some YouTube channels and aims to provide a more accurate expectation. The speaker uses an example of a successful creator who makes album and book cover art prompts, with an average price of $2.99 and 335 sales. After accounting for Prompt Base's 20% fee, the creator earns around $267.10 per month. The speaker also considers the cost of a Mid Journey subscription, which after deduction, leaves the creator with approximately $237.10 per month. This is considered a reasonable side hustle income but is far from the exaggerated figures often seen in clickbait videos.

05:01

🚫 Limitations and Practicality in Prompt Pricing

The second paragraph focuses on the limitations new creators face when pricing their prompts on Prompt Base, which is capped at $4.99 for beginners. It emphasizes that setting high prices is not economically sensible, especially for those without established credibility. The speaker observes that most creators price their prompts to be budget-friendly to increase sales volume. Additionally, there's a limit to the number of prompts one can submit per day—no more than two. The paragraph concludes by reinforcing that while earning a few hundred dollars a month on Prompt Base is realistic and achievable with dedication, it is not a pathway to substantial full-time income as some may claim. The speaker expresses a personal fondness for Prompt Base and finds joy in creating prompts and utilizing AI technology.

Keywords

💡Promptbase

Promptbase is an online platform where creators can sell their prompts, which are essentially ideas or starting points for various creative projects. In the video, it is the central theme as the creator discusses earning potential on this platform. The script mentions Promptbase as the place where the creator and others are selling their prompts and earning income from it.

💡YouTube videos

YouTube videos are a form of online content where individuals or channels post video material on the YouTube platform. The script refers to YouTube videos that make exaggerated claims about the income potential from side hustles, which the creator aims to provide a realistic perspective on, specifically in the context of Promptbase.

💡Side hustle

A side hustle is a secondary job or venture that one engages in alongside their primary employment. The video discusses Promptbase as a potential side hustle, emphasizing that while it can provide supplementary income, it is not a full-time income replacement based on the earnings discussed.

💡Mint Journey

Mint Journey appears to be a subscription service or tool that creators use to generate prompts. The script mentions it in the context of the costs associated with creating prompts, indicating that a certain amount of generation time is required, which is provided by the subscription plan.

💡Sales

Sales refer to the number of units or products sold by a seller. In the video, the creator analyzes the earnings of Promptbase sellers by looking at their sales figures, such as '335 sales' for one of the creators mentioned, which is used to calculate the earnings.

💡Earnings

Earnings refer to the income or profit derived from an activity. The video's main focus is on the realistic earnings one can expect from selling prompts on Promptbase, with calculations provided based on sales figures and platform fees.

💡Rank

Rank, in the context of Promptbase, seems to be a measure of a creator's success or popularity on the platform. The script mentions a creator with a 'rank of 42,' indicating their standing among other sellers, which can be associated with their earnings and sales volume.

💡Subscription plan

A subscription plan is a pricing model where users pay a periodic fee to access a service. The video discusses the costs associated with a 'standard plan' of Mint Journey, which is a necessary expense for creators to generate prompts on Promptbase.

💡Taxable income

Taxable income refers to the amount of money subject to tax. The script points out that the earnings from Promptbase are taxable, which means creators must account for taxes when calculating their net income from the platform.

💡Clickbait videos

Clickbait videos are those that use sensational or misleading titles and thumbnails to attract viewers. The video script criticizes such videos for promising 'huge' earnings from side hustles, which the creator aims to provide a more realistic perspective on.

💡Limitations

Limitations refer to restrictions or constraints. The script mentions that there are limitations on how much a new Promptbase seller can charge for their prompts, with a maximum price of '4.99' for beginner accounts, which can only be lifted with success on the platform.

Highlights

The average earnings for a Promptbase creator can be calculated realistically, contrary to exaggerated claims in some YouTube videos.

A successful Promptbase seller with 335 sales and an average prompt price of $2.99 can earn around $1,001.65 before Promptbase's 20% cut.

After Promptbase's fee and considering a three-month period, a creator can earn approximately $267.10 per month.

The cost of a Midjourney subscription, at least the standard plan of $30 per month, should be deducted from the earnings.

After subscription costs, a creator might earn around $237.10 per month from Promptbase, which is considered a good side hustle income.

It's important to note that this income is taxable, and the amount of tax depends on the creator's location.

Another creator example with a slightly higher rank and more expensive prompts (average $4.99) has made 419 sales, earning approximately $1,678.81 before fees.

Considering a four-month period for the second creator, monthly earnings amount to $417.95, which drops to $387.95 after subscription costs.

New Promptbase accounts are limited to a maximum prompt price of $4.99, and this limit can only be lifted with proven success.

Economically, it doesn't make sense for new creators to set high prices due to a lack of credibility.

Most creators price their prompts to be budget-friendly to attract more sales.

There is a limit to how many prompts a creator can submit per day on Promptbase, with a cap of two submissions.

Dedication and effort can lead to earning a few hundred dollars a month on Promptbase, which can help cover bills.

The earnings from Promptbase are far from the thousands promised by some YouTube channels and websites.

Promptbase is a legitimate side hustle but should not be expected to replace a full income at this time.

The speaker enjoys creating prompts and finds working with AI technology on Promptbase to be an enjoyable and positive experience.

It's crucial to be realistic about the income potential from Promptbase and understand that it's a side hustle, not a primary income source.