Easy Tips for Making NFT and How to Sell It To Make Money Fast

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The Right Way to Make and Sell NFT to Make Money Fast /Pixabay.com/Mohammed Hassan

Check out the following tips on how to make NFTs, as well as tips and tricks to sell them for value that quickly generates money.

Non-Fungible Tokens or often referred to as NFTs are digital assets that are considered as 'children' of crypto.

Actually, this NFT platform has been around for a long time, since 2014, but only boomed in 2021 and became very viral in Indonesia in 2022. This is because of the emergence of Indonesian youths who are said to have earned billions of rupiah just from selling their selfies.

Difference between NFT and Crypto

In general, NFT is a work of digital art that can be in the form of images, photos, video clips, music clips, digital writing, and so on.

NFT is different from crypto. Because each work of NFT is unique and different from the others, so it can be easily used as proof of ownership of goods.

For those readers who are familiar with and already know the ins and outs of NFT, you certainly also know that there are people who can earn millions of Dollars by selling NFT. So, it is very natural if you are also interested in trying to sell it too.

Tips for Making NFT and the Process of Selling NFT

If you are really interested in getting extra money from selling NFT but don't know the procedure, then it would be nice to listen to the following tutorial:

1. Choose a unique work to sell

So you need to specify the files or works to convert to NFT. The file can be a photo, painting, image, meme, music, video, GIF, piece of writing, or even just a tweet from Twitter.

Each NFT is original and unique with one owner. This is what can make NFT valuable and valuable. Make sure you own the intellectual rights to the work you choose. Otherwise, you may be subject to copyright infringement.

2. Choose Blockchain

Once you've defined the file, it's time to print it to NFT. To convert a file to an NFT, please select the blockchain you want to use for your NFT.

One of the blockchains that is quite popular among NFT artists and creators is Ethereum.

3. Prepare a Digital Wallet

You will also need to set up a digital wallet to create an NFT. Because you need to have some cryptocurrency to fund your initial investment.

Popular NFT digital wallets are Metamask, Math Wallet, Trust Wallet, AlphaWallet, and Coinbase Wallet.

Once you have a digital wallet, you also need to buy cryptocurrencies. Most of the NFT platforms accept Ethereum or ETH.

If you already have crypto money elsewhere, you can link it to your digital wallet.

4. Define NFT Market

After going through the above process, then you also need to select the NFT market as your work market.

Some of the well-known NFT platforms are OpenSea, Mintable, Rarible, Foundation, Axie Marketplace, Larva Labs, NBA Top Shot, and others.

You also need to do some research first to determine which NFT market is more suitable for your NFT work. For example, NBA Top Shot is a more suitable marketplace for basketball-based NFT games.

Some of the NFT markets also have their own cryptocurrencies. For example, Rarible only uses the cryptocurrency Rarible or RARI.

5. Upload Files

After determining the market and NFT, you need to connect your digital wallet to pay the fees required to print the NFT and make sales.

You should now be able to print NFT, and the marketplace you have selected has provided a guide on how to upload files to its platform. You can convert your files to PNG, GIF, MP3, or other formats.

6. Manage Sales Process

Depending on the platform you choose, there are various ways you can monetize your NFT, including:

- Sell at a fixed price

- Auction it for a limited time

- Auction without time limit, you can end the auction whenever you want

- In setting up the selling process, you will need to set a minimum price, set an auction time, or set a royalty to continue earning money from your NFT if it is sold on the secondary market.

How to Sell NFT Effectively

Here are some tips for selling them:

1. Promote on Social Media

Take advantage of social media such as Facebook, Twitter or Instagram to promote the NFT being sold. Share the link via social media to get more visitors and attraction.

Share multiple images complete with descriptions for each. People can also retweet your post, if you share it on Twitter.

2. Use Hashtags

Use hashtags to select a more specific target market. This is important to increase your chances of being seen by people looking for NFT. You can also add hashtags in your profile description.

3. Collaborate

In the NFT world, cooperation is always better than working alone. So collaborating with other people has become commonplace.

For example, a work created by a collaboration of 100 artists has not initially been sold. But after collaborating with a writer and artist known as Loopify, the piece sold for seven times its original price and raised $89.

4. Show the Manufacturing Process

Some of the types of content that attract attention are behind-the-scenes footage. Promote your work by sharing your NFT creation process.

You can demonstrate this with time-lapse videos, a video capture technique that shows a long process in a short amount of time. Content like this can make people admire artists.

That's how to make NFT and tips for selling it. Depending on the platform you choose, there are fees that you need to pay such as registration fees, sales commission fees, transaction fees for transferring money from the buyer's digital wallet to your wallet.

These fees are also volatile due to the volatility of cryptocurrencies. So, you also need to consider and prepare the costs to print and sell NFT properly.