- In this video, I'm gonna show you what you can do
to make your NFT a top seller.
We're gonna cover everything
from setting up pricing, to attracting buyers,
and also what quality your file needs to be,
all to help you earn some of that $41 billion
in NFT earnings currently floating around above our heads.
I'm Tory, and this is how to make a top selling in Ft.
If you want to keep staying up to date
on tech trade, like NFTs, make sure to click the link below
to check out our breakdown
of how to stay current on emerging tech trends.
Now I'm going to go into the first couple of things
that you need to do to make a high selling NFT.
But before I do, make sure you stay tuned
for 12 pro tip hashtags
that you can use right now to get more eyes
on your NFT coming up a little later in the video.
First things first, what is an Ft?
An NFT is a non fungible token.
Each NFT is unique, and can be sold
as a way to prove ownership over some sort of digital file.
It's like going to an auction.
(gavel hits table)
Once you buy an item, they give you a receipt
letting everyone know that this is yours,
and it's been yours since this date.
With this booming market
there are a lot of people going for it.
Here's some tips on how to stand out.
Number one, who are you?
As much as you'd like to just make a random standalone NFT
and make a billion dollars,
it just doesn't work like that all the time.
But if your NFT is attached to a brand story,
as to why you're doing what you're doing
and what it actually means,
55% of customers are more likely to buy.
44% will likely share your story.
And 15% will immediately buy.
Story creates emotion, and emotion creates cash.
(cash register rings)
Good storytelling has some real value.
We have a great guide on how to go about it.
Make sure you check it out.
An NFT marketplace is a decentralized platform
that allows users to create, buy, sell,
and store non fungible tokens.
You set up a wallet, connect it to a marketplace,
create a profile, upload your NFT content, click sell.
And now you're good to go to actually start selling.
Can you do it without a marketplace?
Absolutely.
But like Chris Rock said,
"You can drive your car with your feet if you want to
"but that doesn't make it a very good idea."
Going with the marketplace saves you time, energy
and streamlines everything,
from your first upload, to your first sale.
Learn to love hashtags.
These are the top 12 hashtags
responsible for boosted views given to NFT content
on Instagram in 2021
by simply tagging your shared posts
about your new piece with these hashtags,
you'll boost your views.
Make an attractive listing.
The people who are browsing
through sites like Rarible are looking
at your title and picture before ever clicking on it.
Make sure your title is good
and that your preview picture really shows
how high quality your piece is.
Speaking of quality, number five,
maintain high quality standards.
Your content should be the highest quality
that you could offer.
It's the difference between this (man laughing),
and this.
- [Voiceover] Wow.
- Unless it's intentional,
and a piece of the story that you created
from the tips on our blog,
you should always aim to have the quality of the piece
be reflective of the price that you're charging.
Number six, price this right.
When it comes to figuring out a good price
to sell your NFT for there's a great quote
from this book called, "Pricing Creativity,"
that pretty much says
that you should come up with three options:
Option one is set at a price within the customer's budget,
or close to it.
Option two is the higher price option,
and it's priced higher than option one.
And option three is pretty much there
just to make option two look good.
A wide range collectible
should start somewhere around 0.2 ether.
This is low enough for anyone to be able to actually afford
but it's still higher than most of the transaction fees
so that you can actually make some kind of money here.
Mid range starts at 0.06 ether.
Luxury premium starts at 0.1 ether.
Number seven, choose your NFT type wisely.
There are a few different types of NFTs,
but right now the three most popular forms are art, music,
and trading cards or collectibles.
By choosing one of these three forms to have your NFT in,
you'll be being into an already thriving scene.
And lastly, create high item collections.
You can have your NFT be a solo standalone,
or part of a collection of NFTs
that you happen to be offering.
The real money is in the later.
Have a collection with tons of items.
I'm talking about thousands.
NFT juggernauts, like Cryptopunks
SupDucks and Bored Ape Yacht Club, do this brilliantly.
The benefit of having a ton of NFTs in a collection,
as opposed to just selling a single one,
is that you can sell in volume.
If you can sell 5,000 items at $5 each,
that gives you a nice little cut of $25,000.
(upbeat music)
- I can't find this client info.
- Have you heard of HubSpot?
HubSpot is a CRM platform.
So it shares its data across and every application.
Every team can stay aligned,
no out of sync spreadsheets or dueling databases.
HubSpot.
Grow better.
- If you're watching this video right now,
and thinking, yeah but 10,000 items, Tory?
I do not have the time or energy to create 10,000 items
to put into an NFT collection.
Well, don't worry, because no one does
For collections this large,
they use computer automation to offer slight changes
in their content.
A great example of this would be Bored Ape Yacht Club.
They have a basic look, but because of that automation
I was just talking about
they can offer a ton of variations,
like a different colored hat, a green background,
instead of orange or a crown in the jacket.
Remember, this is not a shore fire way to get rich quick
while NFTs can sell for millions,
roughly 50% of all recorded sales are just under $200,
making the average price for most NFT sales, relatively low.
But remember, if you attach a story
to your NFT and find a community to support it
you will make a ton of sales.
If you like what you heard, and you want to hear more,
please subscribe, like, and comment, to hear more.
Adios.
There's a great quote
from this book called, "Pricing Creativity."
Link, and check out our breakdown
of how to stay of how steak, of, how to stay.