if hello is the name of the file put it at the end. using the -i option changes your original file. You would want to keep your original unchanged, so it can be used as a template.
this would change the original
sed -i "s/username/user/g" hello
a better way would be to make a new file
sed "s/username/user/g" hello > newhello
or this line does the same thing
cat hello | sed "s/username/user/g" > newhello