Making Money with A.I. Art on Etsy

Making Money with A.I. Art on Etsy

Table of Contents:

1. Introduction
2. Background
3. Month 1 Results and Profits
4. Month 2 Results and Profits
5. Explanation for Lack of Activity in Month 2
6. Passive Income Experiment
7. Dashboard and Stats Overview
8. Financial Overview
9. Marketing Strategies and Fees
10. Net Profit Analysis
11. The Challenge for May

Introduction

In this article, we will delve into the realm of AI-generated art on Etsy and explore the author's two months of experience in selling such art. The author shares the results, profits, and challenges faced during this venture, providing insights into the potential of this business model for generating passive income. By studying the data from their Etsy account, the author aims to shed light on the profitability and feasibility of selling AI-generated art on the platform.

Background

Before we delve into the results and profits, let's get a brief understanding of the author's journey in selling AI-generated art. In their previous video, the author showcased their first month's results in which they uploaded 25 listings on their Etsy account. Following a strategy similar to dropshipping, they identified existing popular products and decided to sell AI-generated art based on those trends. The conversion rate was impressive, and they earned decent profits on a brand new account with minimal listings. Encouraged by this success, the author decided to continue exploring the potential of AI-generated art on Etsy for another month.

Month 1 Results and Profits

In the first video, the author documented their results for the initial month of selling AI-generated art on Etsy. The response was overwhelming, with over 300,000 viewers and nearly 14,000 new subscribers. The conversion rate surpassed 9%, leading to substantial profits. The success of the experiment propelled the author to continue their exploration of this business model in the following month.

Month 2 Results and Profits

The author's second month of selling AI-generated art on Etsy brought forth a different set of results. However, it is important to note that the author was unable to actively manage their Etsy account due to personal commitments and the launch of a dropship-friendly business. Despite limited activity during the month, the author decided to leave the account untouched to test the potential for passive income generation. Let's dive into the data to understand the outcome of this experiment.

Explanation for Lack of Activity in Month 2

April proved to be a busy month for the author, resulting in their inability to add new listings or actively manage their Etsy account. The demands of running a dropshipping business, maintaining their YouTube channel, and attending weekly meetings left little time for Etsy account management. However, the author is determined to make a change in May and plans to ramp up their efforts by listing a larger number of items.

Passive Income Experiment

By not adding any new listings or making significant changes during the month of April, the author aimed to test the potential of their Etsy account to generate passive income. This experiment allowed them to observe the performance and sales of the account without active intervention. The outcomes of this experiment shed light on the sustainability and profitability of their AI-generated art business model.

Dashboard and Stats Overview

The author provides an overview of their Etsy dashboard, showcasing the current status of their account. The dashboard reveals three orders generated on the current day, with a revenue of $7. Throughout the month of April, the account received 4,630 visits, resulting in 243 orders. The conversion rate dropped to 5.2%, indicating a decline compared to the previous month. Despite limited activity, the account managed to generate a revenue of $865.

Financial Overview

With a focus on the financial aspect, the author analyzes the sales, fees, and marketing expenses incurred during the second month. Sales for the month amounted to $875, exhibiting a growth compared to the previous month. The fees, including renewal fees, transaction fees, and processing fees, totaled $206. Additionally, the author allocated $245 for Etsy ads, primarily running $5 ads per listing. The author discusses their experience with ads and the impact on sales.

Marketing Strategies and Fees

The author elaborates on their marketing strategies, primarily utilizing Etsy ads to promote their listings. They experimented with running $10 ads for a period but reverted to $5 ads due to unsatisfactory results. The author provides insights into the effectiveness of ads in driving sales and the relationship between ad expenditure and revenue. The discussion highlights the importance of strategically allocating marketing funds to maximize sales.

Net Profit Analysis

Moving on to the most anticipated aspect, the author reveals the net profit generated during the second month of selling AI-generated art on Etsy. The net profit for the month amounts to $422.99, derived from deducting the fees and marketing expenses from the total revenue. Despite the lack of active management, the author acknowledges that a passive income stream can still be established with a well-established account.

The Challenge for May

Looking ahead to the next month, the author announces a challenge for viewers and subscribers who wish to participate. The challenge entails dedicating at least two hours per day to creating AI art and listing two items on Etsy daily. The author plans to create 60 listings by the end of May, aiming to leverage their experience and scale up their Etsy business. Additionally, the author offers a link to a spreadsheet to track participants' progress and shares new AI prompts tailored for listings around Mother's Day.

Highlights:

• The author shares the results and profits of two months of selling AI-generated art on Etsy.
• The second month saw limited activity due to personal commitments, but passive income potential was explored.
• Financial analysis reveals a net profit of $422.99 for the month.
• The author announces a challenge for viewers to participate in creating AI art and scaling up their Etsy business in the following month.

FAQ:

Q: How many listings did the author have in the second month? A: The author had 25 listings on their Etsy account during the second month.

Q: What was the conversion rate during the second month compared to the first? A: The conversion rate dropped from 9.1% in the first month to 5.2% in the second month.

Q: Did the author spend money on Etsy ads? A: Yes, the author spent $245 on Etsy ads, primarily running $5 ads per listing.

Q: What was the net profit for the second month? A: The net profit for the second month of selling AI-generated art on Etsy was $422.99.

Q: How many listings does the author plan to create in the next month? A: The author aims to create at least 60 listings by the end of the next month, focusing on two listings per day.