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Author Topic: So what is the best way to sell my NFT collection?  (Read 79 times)
pjp007 (OP)
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March 27, 2022, 02:42:15 PM
 #1

So let's say I have a NFT collection and I want to put it up for sale at opensea.

Since nobody will know me or my art, do I just set each NFT up for auction at a low price (or the lowest price as possible)? And set the author fees at a max so you'll hopefully make something in the future when your NFT's are traded? (once you start promoting your collections at twitter, discord, etc)
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March 27, 2022, 03:05:12 PM
 #2

If you set the lowest possible price for your NFTs, then where does the art lie? Promotion is an appropriate method of introduction instead of underestimating the quality of your own work.

Opensea will obviously have its own trend algorithm. Without any marketing efforts, your NFT will always be at the bottom of their trending page results. Some NFT artists also benefit after their work is picked up by an influencer, I also heard that in the past opensea was suspected of having "insider trading". So, then it depends on your conclusion to use this platform.

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March 27, 2022, 03:09:48 PM
 #3

You need to spend money on advertising your NFT, opensea is just a market place not an advertisement haven, I will also like to know what type of NFT you created,  I don't buy them because everyone have turned into NFT makers this days just to grab some ETH or BNB.

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pjp007 (OP)
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March 27, 2022, 06:18:23 PM
 #4

I just want to know how I should sell my NFT collection. Auction, reserve price and others? What would be the best way to get some money for your art?
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March 27, 2022, 06:49:30 PM
 #5

Will there be buyers for your NFTs, even at a low price? In a marketplace like opensea, there are a lot of NFT tokens that nobody wants. Without proper publicity, they have no value. Since the hype for these NFTs has died down, I highly doubt you will be able to make any profit from these tokens. The minimum price won't increase the demand for your works in any way.

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March 27, 2022, 07:14:14 PM
 #6

You can’t just expect that investors will buy your NFT for any given lowest value. The whole process is bid based that means you will have to set either lowest value to start with and also you will need to set the incriminating divisions.  Moreover you will also need to consider the commission of opensea and I think you will have to pay some 150 bucks in advance to start listing. This is caution money for your listing. To get your art noticed people will have to favourite it first, the watching list should grow a lot then it will be in recognition and also you will start to see some bidding if they are interested. Believe me its not that easy as it seems. The art needs to be picked up by right eyes in the market.
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March 27, 2022, 09:42:09 PM
 #7

 If you are creative in the production of art boards in the form of NFT, you can publish them in the trading platforms and set sell orders, and if there is a demand for them, you will get rid of them easily, and if the opposite just think of marketing methods, of course you can do, maybe this will work It depends on your capabilities and the quality you provide while promoting the project.
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March 27, 2022, 09:56:44 PM
 #8

So let's say I have a NFT collection and I want to put it up for sale at opensea.

Since nobody will know me or my art, do I just set each NFT up for auction at a low price (or the lowest price as possible)? And set the author fees at a max so you'll hopefully make something in the future when your NFT's are traded? (once you start promoting your collections at twitter, discord, etc)

I suggest setting the price lowest but not into the part which you lose, and it should be at the level where you can still make a profit.
Have to follow this one, I believe this could help you out.
https://support.opensea.io/hc/en-us/articles/4417119710995-How-can-I-manage-my-offers-

Social media can be another way to sell your NFT but the problem is to find legit buyers. Unless you are holding potential NFTs, it wasn't hard for it to trade, well, of course, just it takes time and you need to be patient.


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March 27, 2022, 10:13:29 PM
 #9


<....................>


In most cases, nft is now used for business and investment purposes rather than as a hobby.

To conclude these things, first we just have to look at the collection. This collection is from a company, and the company has its own vision. Also, this NFTS has lots of use-cases. And the second one, this is just art, and it's a personal art collection or might be some personal stuff. For the first reason, you already know that you are a company and you have a clear vision and mission with this collection of nfts for projects. Then, obviously, you have to market first, and if you spend your money on marketing, then the chances of success are huge. And remember, marketing should be broad and it should be a continuous process.
 
For  personal collection:  : Well, in this case, getting success is tough because only those people who have a face value can easily get an audience, and people are investing in nfts because they think this collection is from a celeb, so maybe in the future it will give me profit also. I already mentioned in the first paragraph that it is for investment purposes only, so that they can also get a return from it. But sometimes people become famous because of their collections. People don't know him, but because of his unique collection, people are buying his or her collection. If his collection becomes popular, then more investors come to invest in it too. Though already lots of people suggest you market, I'll also give you the same suggestion if you think your launch is unique and it might be able to attract investors to your project. Then yeah, marketing should be worthwhile too.
 
That's my overall opinion. Thank you.
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March 27, 2022, 11:05:05 PM
 #10

So let's say I have a NFT collection and I want to put it up for sale at opensea.
What's next?
Since nobody will know me or my art, do I just set each NFT up for auction at a low price (or the lowest price as possible)?
Probably but remember to increase the popularity of your NFT. Sometime putting your NFT at the lower price than another NFT might not help a lot. Remember that NFT is not the same like token which was liquid but NFT art was not even liquid.
And set the author fees at a max so you'll hopefully make something in the future when your NFT's are traded? (once you start promoting your collections at twitter, discord, etc)

Im sure that will not even work. You must also aware if NFT depends on your luck you are. I will put all at low price.

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March 27, 2022, 11:24:02 PM
 #11

Since nobody will know me or my art, do I just set each NFT up for auction at a low price (or the lowest price as possible)? And set the author fees at a max so you'll hopefully make something in the future when your NFT's are traded? (once you start promoting your collections at twitter, discord, etc)
Actually, if you have a certain kind of community or more funds, you can then promote your NFT to more people so that at least, they know your NFT collection.
Or, actually, there are also some groups of NFT projects, and you may promote them there.
Setting the price as low as possible may be  a good beginning, but at least, make it realistic and also appropriate to your NFT.
And actually, this will also be about the luck that you have.
Sometimes, we think that our NFT may be difficult to atract peope to buy, but luckily, your NFT may be viral and sold out.

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March 27, 2022, 11:37:54 PM
 #12

I just want to know how I should sell my NFT collection. Auction, reserve price and others? What would be the best way to get some money for your art?
It's easy to put that on sale but the question are there takers? Take note of what has been told to you by the others that if it has no value, even it the lowest price, no one would take them.
That's why you need to focus on how you're going to market it first and let the people know that your NFTs are existing. In that strategy, you can dictate what would be the lowest price when you've seen people start talking about your NFT and taking interest on it.

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March 27, 2022, 11:41:38 PM
 #13

You need capital for the fees and marketing strategy, opensea is the best site to sell NFT but you must set up the price based on what you think is the value of your artwork. If you have the talent to do art, better to maximize it and go sell it as an NFT, don’t just expect too much as first because selling your art is not easy at all.
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March 29, 2022, 11:04:13 AM
 #14

don't set the price as low as possible or you will lose the art you just need to advertise your art widely

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