New Use Case to Make THOUSANDS with AI

Summary

The video script details a successful method of monetizing public domain books using AI. The creator has made $8,000 from publishing such content, averaging $150-$200 monthly without marketing. They've revisited this strategy by using AI to transcribe and translate old French texts into modern English, making them more accessible. The process involves OCR for text transcription and AI tools like Novel Crafter for translation. The creator also demonstrates creating a modern prose version of 'The Fairy Queen' for easier comprehension, highlighting the potential for educational and commercial value in making literature more accessible.

Takeaways

• 📈 The speaker has made $8,000 from publishing public domain content over time, averaging $150-$200 per month without marketing.
• ⏱️ It took approximately 100 hours of work to earn the $8,000, equating to an hourly rate higher than the speaker's previous jobs.
• 📚 The speaker's sales have been consistent since starting in July 2019, even after stopping the creation of new content in 2021.
• 🖥️ AI is being used to transcribe and translate old French texts that are only available as PDF scans, making them more accessible.
• 📖 The speaker desires to make an Arthurian fantasy text more widely available by using AI to overcome language barriers.
• 🔍 The only existing English version of the text is expensive and not available in digital formats, motivating the use of AI for a more accessible translation.
• 🔧 AI tools like Claude and NovelCrafter are utilized to transcribe text from images and translate old French into modern English.
• 📝 The process involves creating specific prompts for AI to accurately transcribe and translate text while ignoring footnotes and marginalia.
• 🌐 The speaker has published the French version of the text as an ebook, providing a new digital format that didn't previously exist.
• 📈 The speaker is optimistic that the modern English translations, made with AI, will be profitable and more accessible to a wider audience.
• 🎨 The potential to create children's books by simplifying the language of old texts to a first-grade reading level is discussed, showcasing the versatility of AI in literature.

Q & A

What is the main topic of the video script?

The main topic of the video script is utilizing AI to make money by publishing public domain books in new and innovative ways.

How much money has the speaker made from publishing public domain content?

The speaker has made $8,000 from publishing public domain content.

What is the estimated hourly rate the speaker earned from the public domain content?

The estimated hourly rate is approximately $85 to $84.85, considering the total earnings and the time spent.

Why did the speaker stop creating public domain content?

The speaker stopped creating public domain content due to other commitments, such as jobs at Kindlepreneur and starting a YouTube channel.

What is the language of the public domain text the speaker wants to make more available?

The public domain text the speaker wants to make more available is in Old French.

What is the issue with the existing English translation of the Old French text?

The existing English translation of the Old French text is copyrighted, expensive, and not available in an ebook format.

How does the speaker plan to use AI to transcribe and translate the Old French text?

The speaker plans to use AI to transcribe the text from PDF scans and then translate it into Modern English, creating a new, publicly available version.

What is the name of the tool the speaker uses for transcription?

The speaker uses a tool called Claude for transcription.

What is Novel Crafter and how does it fit into the speaker's process?

Novel Crafter is a tool used by the speaker to translate text and create modern prose editions of old texts.

What is the purpose of creating a modern prose edition of an old text?

The purpose is to make the text more accessible and understandable to contemporary readers, particularly those who might struggle with the language of the original.

How does the speaker envision taking this project to the next level?

The speaker envisions creating children's books and educational materials by distilling old texts into simpler language and possibly adding AI-generated art.