How to Make Money Using Midjourney ($100/Hour Side Hustle)

Alek
24 Feb 202310:19

TLDRThe video script discusses a lucrative side hustle involving the monetization of AI services, particularly AI art, which has gained significant popularity. It highlights the potential to earn over a hundred dollars an hour by selling AI-generated art on platforms like Fiverr. The speaker explores the business model, potential earnings, and the ease of using AI tools like Midjourney, Stable Diffusion, and Dali for image generation. The video also provides a step-by-step guide on setting up a Fiverr gig, emphasizing the low risk and minimal time investment required. It concludes with the speaker's personal attempt to create and sell AI art, suggesting the viability of this side hustle for anyone willing to learn and leverage AI tools.

Takeaways

  • ๐Ÿš€ **AI Services Monetization**: People are making over $100/hour by selling AI art and services, indicating AI's growing presence in the market.
  • ๐Ÿ“ˆ **Rapid AI Adoption**: AI tools like Chat GPT have seen explosive growth, reaching 1 million users in 5 days and 100 million in 2 months.
  • ๐ŸŽจ **AI Art Services**: AI art is a burgeoning field where freelancers can offer services like image generation using prompts, with platforms like Fiverr offering a dedicated section for AI services.
  • ๐Ÿ’ฐ **Earning Potential**: AI artists on Fiverr are reportedly making substantial incomes, with some gigs earning between $1280 to $4160 from single services.
  • โœ๏ธ **Creative Assistance**: AI tools can assist in creative processes, such as summarizing, rewording, or generating new ideas for written content.
  • ๐Ÿ”ข **Pricing and Orders**: The service prices for AI art generation vary, and successful gigs can have over a hundred reviews, indicating a high demand.
  • โฑ๏ธ **Time Efficiency**: AI art generation is time-efficient, with artists potentially earning $100/hour or more, especially once they become proficient with the tools.
  • ๐ŸŒ **Marketplace Platforms**: Websites like Fiverr and People Per Hour are platforms where AI services are listed and sold, providing a direct sales channel for freelancers.
  • ๐Ÿ“ฑ **Access to Tools**: Accessing AI tools like Midjourney requires a Discord account and potentially a subscription for commercial use.
  • ๐Ÿ“ˆ **Growth Opportunities**: There's potential for growth in the AI art market, with room for expansion into various types of image generation services.
  • ๐Ÿ“ **Setup and Sale**: The process of setting up a gig on Fiverr is straightforward, requiring minimal time investment upfront with the possibility of passive income following an initial sale.

Q & A

  • What is the potential hourly income for using AI services like Midjourney?

    -People are already making over a hundred dollars an hour by monetizing AI services, particularly through selling AI art.

  • How has the popularity of AI grown recently?

    -AI has exploded in popularity with examples like Chat GPT reaching 1 million users in five days and over a hundred million users in two months.

  • What is the business model for making money with AI on platforms like Fiverr?

    -Freelancers can post their AI services for sale on Fiverr, and once a gig is posted, they get paid directly for their time upon receiving an order.

  • What are some of the AI tools mentioned in the transcript that can generate images based on text?

    -The AI tools mentioned are Midjourney, Stable Diffusion, and Dali.

  • How much can one potentially earn from a single gig on Fiverr?

    -The earning potential varies, but some gigs are making between $160 and $800 in profit from a single gig, depending on the baseline charge and the number of orders.

  • What is the process of setting up a Fiverr gig?

    -To set up a Fiverr gig, one needs to sign up as a seller on Fiverr, input personal information, and then list a gig for sale with images that have been created using AI tools.

  • What are the costs associated with using Midjourney for commercial purposes?

    -Midjourney is initially free to use, but to consistently generate images and have commercial rights to the images, an upgrade to a plan costing about thirty dollars is recommended.

  • What is the strategy suggested for maximizing visibility on Fiverr?

    -The strategy suggested is to offer as many different types of image generation gigs as possible to increase the chances of being seen by potential customers.

  • How long does it typically take to create an image using Midjourney?

    -Once proficient, one can create good images in about five minutes, which could potentially lead to an hourly rate of a hundred dollars an hour.

  • What are some alternative AI money-making methods mentioned in the transcript?

    -The transcript suggests that there are other AI art money-making methods, including coding services for blogging and web design, which are also listed on platforms like Fiverr.

  • What is the minimum time investment required to list a gig on Fiverr?

    -The minimum time investment is about 30 minutes to list a gig, after which there is no further action required until an order is received.

  • What are the potential risks involved in this side hustle?

    -The worst-case scenario is spending 30 minutes listing a gig that never sells, which makes this a low-risk side hustle with hardly any time or financial investment.

Outlines

00:00

๐Ÿš€ Monetizing AI Services: The Rise of AI Art on Fiverr

The video introduces the concept of earning substantial income by leveraging AI services, specifically focusing on AI art creation. It discusses the recent surge in AI popularity, exemplified by platforms like chat GPT reaching millions of users in record time. The speaker shares personal experiences using AI tools for creative tasks and proposes a business model involving AI art sales on Fiverr. The platform has dedicated a section for AI services, with various gigs posted by freelancers generating significant income. The video outlines different AI tools like mid-journey, stable diffusion, and chat GPT, emphasizing the earning potential of AI art gigs on Fiverr and the ease of setting up such a gig.

05:00

๐ŸŽจ Success Stories and Strategies for AI Art on Fiverr

This paragraph delves into the financial success of specific AI art gigs on Fiverr, highlighting how some freelancers are making hundreds of dollars per hour. It breaks down the potential earnings based on gig prices and the time spent on each task, suggesting that even with a conservative estimate, artists can achieve lucrative hourly rates. The speaker also discusses the process of setting up a Fiverr gig, from creating an account to listing services with examples of the type of AI-generated images that can be sold. The paragraph concludes with the speaker's intention to create their own Fiverr gig during the video and the potential for this side hustle to open up additional AI art money-making opportunities.

10:01

๐Ÿ“ˆ Setting Up a Fiverr Gig and Exploring AI Art Opportunities

The final paragraph outlines the straightforward process of setting up a Fiverr gig. It emphasizes the minimal time and financial risks involved and positions the side hustle as a potentially profitable venture. The speaker shares their strategy for creating a variety of gigs to maximize visibility and sales on Fiverr. They also mention using chat GPT to assist with writing the gig's title and description, underlining the seamless integration of AI tools in this business model. The video ends with a call to action for viewers to engage with the content, follow the speaker on social media, and explore additional AI art money-making methods discussed in other videos.

Mindmap

Keywords

๐Ÿ’กMidjourney

Midjourney is an AI tool that allows users to generate images based on a prompt or a single line of text. In the context of the video, it is highlighted as an easy-to-use image generation AI that produces high-quality results and is popular among freelancers on platforms like Fiverr for creating and selling AI art.

๐Ÿ’กFiverr

Fiverr is an online marketplace where freelancers offer various services, including AI-related services. The video discusses how Fiverr has opened a section dedicated to AI services and how sellers are making significant income from gigs related to AI art generation, specifically mentioning the use of Midjourney.

๐Ÿ’กAI Art

AI Art refers to artwork that is created with the assistance of artificial intelligence. The video focuses on the monetization of AI art through platforms like Fiverr, where artists are using AI tools to generate images and sell them as a service.

๐Ÿ’กStable Diffusion

Stable Diffusion is another AI tool mentioned in the video that is used for generating images from text prompts. It is compared to Midjourney, with the speaker noting that artists using Midjourney seem to earn more on Fiverr.

๐Ÿ’กDali

Dali is an AI image generation tool that is briefly mentioned in the video as one of the tools that artists are using to create images for sale. However, it is not the main focus, as the speaker prefers Midjourney for its ease of use and quality of results.

๐Ÿ’กGig

In the context of the video, a gig refers to a service listing on Fiverr that freelancers create to offer their work for sale. The video discusses various gigs related to AI art generation and how much money can be made from them.

๐Ÿ’กDiscord

Discord is a communication platform that the video mentions as a necessary step to access the Midjourney bot for image generation. Users need a Discord account to join the Midjourney server and start creating images.

๐Ÿ’กPrompt

A prompt in the context of AI art generation is a text input or description that the AI uses to create an image. The video explains that users can generate images on platforms like Midjourney by providing a prompt.

๐Ÿ’กCommercial Rights

Commercial rights refer to the legal permissions required to use a product, in this case, AI-generated images, for commercial purposes. The video discusses the need to upgrade to a paid plan on Midjourney to obtain commercial rights to the images generated.

๐Ÿ’กSide Hustle

A side hustle is a secondary job or source of income outside of one's primary employment. The video presents using AI tools to create and sell art on Fiverr as a potential side hustle that can generate significant income.

๐Ÿ’กChat GPT

Chat GPT is an AI language model that the video mentions as a tool for generating step-by-step instructions or creative ideas. In the context of the video, it is used to assist in creating content for a Fiverr gig listing.

Highlights

People are making over $100 an hour by monetizing AI services, specifically by selling AI art.

AI has exploded in popularity, with platforms like Chat GPT reaching 1 million users in five days.

The presenter uses AI tools in their daily work, such as for summarizing or rewording script portions.

Fiverr has an entire section dedicated to offering AI Services with various gigs posted by freelancers.

AI tools like Midjourney, Stable Diffusion, and Dali allow users to generate images from text prompts.

Midjourney is considered the easiest image generation AI to use and produces high-quality results.

AI artists on Fiverr using Midjourney are reportedly earning more than those using other AI tools.

Some gigs on Fiverr charge between $40 to $100 for baseline services, including AI blog writing.

AI-generated art can be sold, and artists can earn a substantial income with minimal time investment per gig.

A Fiverr gig can be set up for free, and one only needs to work once an order is received.

The service price for AI art on Fiverr ranges between $20 to $65, with potential earnings up to $4160 from previous sales.

A single seller made between $10,880 to $26,830 from two similar gigs on Fiverr.

The presenter plans to set up their own Fiverr gig using Midjourney and see if they can get sales.

Discord is used to access the Midjourney bot for image generation, which is free initially.

Upgrading the Midjourney plan costs about $30, which provides commercial rights to the generated images.

The presenter suggests offering various types of image generation gigs to maximize visibility on Fiverr.

Setting up a Fiverr gig is straightforward and involves listing a gig for sale with sample images.

The presenter uses Chat GPT to write a title and description for their Fiverr gig.

The potential downside of this side hustle is minimal, with the only risk being the time spent listing a gig that may not sell.

This side hustle opens the door to other AI art money-making methods discussed in the presenter's other videos.