Making money selling NFTs isn’t necessarily the easiest thing in the world, as there are high fees related to their minting on most NFTs marketplaces. These include the miner’s fee commonly called ‘gas fees’. Gas is the cost of minting NFTs in a Blockchain, such as Ethereum. However, if you follow a certain set of industry-proven tricks, you increase your chances of sell NFT art for a profit.
1. Use lazy minting and resell for profit
Many NFT marketplaces use lazy minting, a process where everyone can put an NFT for sale at almost no cost, with the fee being only charged when the NFT has been sold. This is one of the best ways to circumvent the expensive gas fees. Rarible is one such marketplace.
On top of that, to make a profit, the best way to do it is to purchase the NFTs at a minting price and resell it for a higher one, especially the rarest ones.
2. Share your collection on social media
Standalone pieces tend to be harder to sell than collections, so creating different versions of an NFT art is the best way to sell them. Using the appropriate hashtags to increase visibility for your NFT is essential to market it to the right public. This works especially well on Twitter but can work for Instagram too. Whether it’s a video, a song, audio, or even a book, the better the quality, the higher the chances of selling it, so make sure your NFT is great!
The most used hashtags by the NFT community include: #nft #nftart #nftvideo #nftcommunity #cryptoart and #nftcollector.
Discord is a great way to become part of other NFT communities and give back while also receiving feedback and possible investors interested in your piece.
3. Participate and perform NFT giveaways
On that same note, doing NFT giveaways and participating in others can allow you to earn NFTs for free while also promoting your own. When you perform an NFT giveaway, explain the conditions for participants to earn their piece of digital media on Discord, Instagram Reddit and Twitter.
Share your giveaway everywhere you can. It’s far easier to Sell NFTs when you have a name for yourself, but it’s not impossible to make a big profit if you know where to market your NFTs. Follow these steps and you’ll see how you’ll start making your first thousands in ETH.
