Passive Income: I Started A Side Hustle Using A.I, here’s how

Introduction

In today's digital world, people are successfully generating thousands of dollars in passive income every month through various means, including selling AI-edited videos. Curious about the feasibility of this venture, I decided to put it to the test myself by creating and marketing my own promotional videos, despite having no previous video-editing experience.

Setting the Ground Rules

To structure my challenge effectively, I established three key rules:

I would operate under a fake name.
All processes must occur on my computer, ensuring a seamless online experience.
I would use accessible, AI-driven tools for video creation that any beginner could navigate without advanced editing software.

Conducting Market Research

I dove into my initial task: detailed market research. Analyzing various platforms, especially Fiverr, I discovered fierce competition in the promotional video segment. Although competition may deter some, I interpreted it positively; the abundance of vendors with numerous reviews indicated a healthy market with active sales.

A notable observation was the stark price difference among sellers, with some charging as little as $ 10 and others as much as $ 2,500 for a single video. I concluded that starting at a $ 50 price point would allow me to position myself above the low-end sellers while remaining attractive to potential buyers.

Creating My First Video

With a competitive pricing strategy in place, I began crafting a promotional video to highlight my skills on Fiverr. After exploring various tools, I found InVideo, an easy-to-use online platform boasting numerous templates and vast libraries of royalty-free clips.

Using a template that resonated with me, I modified the text to better align with what I wanted to convey. I sourced relevant stock footage and pieced everything together, ultimately producing a video I felt confident promoting.

Setting Up Shop on Fiverr

The next step involved launching my Fiverr account. I leveraged existing successful listings for inspiration, crafting a gig title that mirrored those with existing traction. Implementing relevant tags ensured my gig could be easily discovered by potential customers.

I uploaded the promotional video, established a one-day delivery timeframe, and included a provision for unlimited revisions, making my offer appealing. After a couple of days with no inquiries, I realized it was time to rethink my approach.

A Creative Approach to Kick-start Sales

With no sales in sight, I had two options: give up or innovate. I opted for creativity and reached out to a friend who agreed to purchase a video from me, which would help create a track record on my account. This strategy is commonplace on platforms like Fiverr, and I hoped it would boost my visibility.

For this video, I created a promotional piece for a business called Discord Builders, utilizing assets provided by my friend while employing AI to help craft an engaging script.

Seeing Results

Shortly after adjusting my approach and raising my prices to $ 99, I secured my first real sale. With a new project in hand—a promotional video for a caravan and static home park—I employed the same methodical process as before.

After submitting the finished video, I was pleased to receive positive feedback from the client, cheering up my prospect of future sales.

Calculation of Earnings

After two sales, my total revenue amounted to $ 148; however, some deductions were necessary. Fiverr retains a 20% commission, plus I incurred a $ 25 cost for InVideo's business subscription, which provided all necessary features. After expenses, my total earnings stood at $ 93, showcasing the potential of this side hustle despite initially having no experience in video editing.

If I continued this endeavor, my potential for scaling up seemed promising.

Conclusion

As I reflected on my experience, I was pleasantly surprised by my ability to generate income through AI-driven video editing. The journey showed that with the right tools and strategies, even a complete novice could kickstart a compelling side hustle.

Keyword

Keywords: Passive income, AI, promotional videos, market research, Fiverr, video editing, competition, sales, InVideo, templates, business subscription.

FAQ

Q: Can anyone start a side hustle using AI video editing?
A: Yes, with user-friendly tools like InVideo, beginners can easily produce professional-looking videos.

Q: How can I attract customers on Fiverr?
A: Getting creative with your offerings, using a proven title, and providing quality samples can help attract customers.

Q: What are the costs involved in starting this side hustle?
A: You may encounter costs like subscription fees (e.g., for video editing software) and platform commissions (like Fiverr's 20% fee).

Q: Is it necessary to have experience in video editing to succeed?
A: No; the process can be beginner-friendly using templates and AI tools, making it accessible for everyone.