Passive Income from Neural Networks: My First $700 per Month

The author shares his experience in generating passive income using AI models like Midjourney and ChatGPT-4 for image generation, text prompts, and Telegram bots. He discusses his strategies, mistakes, and the key insights that led to his $700 monthly revenue.

Details

The author started with 5 potential passive income models using AI - image generation, text generation, voice synthesis, chatbots, and AI-powered videos. After evaluating each based on entry barrier, current demand, and potential for automation, he focused on image generation and text prompts. For image generation, he used Midjourney v6 to create stock photos and uploaded them to platforms like Freepik, Adobe Stock, and Wirestock. However, his initial 200 images generated only 4 sales in 3 weeks. He then analyzed market trends and shifted to creating more practical content like presentation backgrounds and product patterns, which led to $31,000 in monthly revenue. For text prompts, he created 15 packs for Midjourney users in specific niches like children's book illustrations and merchandise patterns. These prompt packs generated $16,200 in monthly revenue, as users were willing to pay for ready-to-use prompts. The author automated much of the workflow using tools like Make to generate, process, and upload content without daily involvement. He spends only 2-3 hours per week on research and content updates.