The NFT industry is booming right now, with tons of opportunity for creators to earn some extra money.
Even children under the age of 16 years are making a forutne in the NFT space, leaving many people wondering just how serious this NFT space is.
While I mentioned 'creators', there are almost no barriers to entry in the NFT space, meaning anyone can grab a piece of the pie.
However, many people are still in the dark about NFTs - they don't know how NFTs work, what they are, and how to get started.
Even though the concept of an NFT might sound overwhelming at first, it's very simple to understand.
In fact, getting started with buying and selling NFTs is as simple as using a platform like eBay... with a few extra layers in between.
In this article, we're discussing how you can make and sell your first NFT in 10 minutes.
Here's how you can make money with NFTs.
(Don't forget to join our NFT collection's Discord server here. Many giveaways coming)
Benefits of selling NFTs
Before we dive into creating and selling our first NFT, I wanted to iron out why you might choose to sell NFTs.
There are a ton of other things you can be doing with your time to earn some money on the side, so why NFTs?
Firstly, NFTs allow creators to earn an income by monetizing their passion.
If you're an artist, photographer, traveller, or almost anything in between, you're able to make money by doing the things you love to do.
Not only that, you're able to create a passive source of income from it - while you earn 100% of the first sale you make, you earn royalties on every sale thereafter.
This can range from 1% to 15%, depending on what you choose to set.
Finally, it's important to note that we're still very early in NFTs. Getting started now puts you at a massive advantage by the time everyone else catches up with the train.
So now, let's begin talking about how you can make and sell your first NFT, in as little as 10 minutes.
Set up social media
The first thing you must do when you're creating NFTs is setting up your social media first.
You're not going to make millions of dollars for making a few images and listing them on a marketplace.
The reason some NFTs sell for millions and millions of dollars is that they have a purpose behind them.
In many cases, the NFTs that sell for the most have an audience behind them.
No one will pay thousands of dollars for an NFT made by someone they've never heard of.
Before you start making your NFT, make sure you have an online presence, one where people can learn more about you and see that you're an active member of the community.
The most popular social media platform, at the moment, for NFTs is Twitter.
Twitter is great because you don't need to always post videos or photos - short tweets work really well, making it even easier to grow a following.
Like Twitter themselves say, 'less is more'.
Other platforms I'd recommend are Instagram and TikTok - unlike Twitter, these platforms are much more visually driven.
That's why it's important you create content that sits naturally on the platform you're using.
While short tweets work for Twitter, images/carousels work for Instagram, and short, snappy videos work well for TikTok.
If you'd like to accelerate your streak to stardom, I'd suggest reading my article on marketing your NFT collection - the same principles apply.
While you can sell NFTs without an online presence, your chances of making a sale are much higher with a following, and the value of your NFTs will also skyrocket too.
Imagine you and The Rock made the same NFT - who's more likely to get their NFT sold, and for a higher price?
Make your NFT
Now it's time to start getting creative.
The NFT space welcomes all sorts of craziness and creativity, so put your gloves on, because it's about to get dirty.
If you're new to NFTs, you might think that only artists stand a chance at success with NFTs.
That's the first mistake many people make.
NFTs aren't only about art and JPEGs. An NFT can be anything one can call a 'digital asset.'
The possibilities really are endless with NFTs.
Before you start working, first figure out what it is you want to create.
Music is another massively popular trend in NFTs, many music artists are seeing their lives being changed by turning their music into NFTs and selling it that way.
If you're a traveller, you can turn your photographs or videos into NFTs.
If you want to create artwork, you can use Photoshop or any of the other hundreds of editing software online.
Many digital artists are using their iPads and Apple Pencils along with software called Procreate to make stunning artwork which they then sell as NFTs.
If you're not very creative, I suggest using YouTube to learn about creating online artwork, other than this, you can partner up with a freelancer to create and sell artwork you create together.
Choose your marketplace
Once you've created the art, it's time to list it on an NFT marketplace.
There's a wide range of NFT marketplaces to choose from, and each one has its own pros and cons.
The most popular NFT marketplace, Opensea, is where most NFT artists and collectors hang out.
This means that you might have a better shot at selling your NFTs on this marketplace.
However, given the volume of NFTs being sold on the platform, you might find that your NFT gets lost with all the other ones in the marketplace.
Opensea supports some of the most popular blockchains in the NFT space - Ethereum and Polygon.
While Ethereum is ideal, this blockchain has high gas fees, which is essentially a transactional fee you must pay every time you want to do something on the Ethereum blockchain.
This leads us to one of the cons of using Opensea - Opensea usually has high gas fees for listing and buying NFTs.
If you're looking for an NFT marketplace where you don't need to pay gas fees, you can look into Mintable.
Otherwise, the Polygon network on Opensea is also said to be 'gas-free.'
While Polygon and Ethereum are great blockchains to use for selling NFTs, you can even try Solana - an up and coming blockchain that already has many NFT collections and artwork being sold through it.
Solsea is the primary marketplace for Solana-based NFTs. At the time of writing this article, Solana sits at $114.50, making it a very good blockchain to launch your project or sell your artwork on.
At the moment, I suggest you use Opensea and sell on the Ethereum blockchain.
While it might be slightly expensive due to gas fees, you're more likely to make sales, and even more money if you sell your art through Ethereum.
The people working on Ethereum are working on a new and improved 'Ethereum 2.0' which will be removing the gas fee problem.
While many cryptocurrencies are trying to beat them to it, Ethereum 2.0 will be a massive game-changer for the entire blockchain space.
If you're still wondering about NFT marketplaces, here are some more I suggest you look into:
- Nifty Gateway
Looksrare is also a new marketplace that yields $LOOKS when you use it to buy and sell your NFTs.
Create your listing
Once you've picked the platform of your choice, you're almost done.'
For this step, I'm going to assume you've selected Opensea as your platform of choice - if not, don't worry, almost all platforms will follow the exact same process.
Before we continue, it's important to mention that you'll need a cryptocurrency wallet set up to buy and sell NFTs.
The most popular wallet is 'Metamask'. Download the Google Chrome extension and set up your account.
It's really simple to set up, and you're able to add many wallets under your one account.
Without the Metamask account, you're unable to sell your NFTs - especially if you're on the Ethereum network as you'll have to sign off some transactions to do with gas fees.
I cannot comment on any other platform, as I have not personally used them before.
When you're on Opensea, click 'create' - the Metamask wallet will pop up, sign off the transaction - you will not be charged here.
Now, you'll be taken to a screen where you can set up your NFT to go up for sale.
Opensea makes it extremely easy to create and sell NFTs, here's the process:
Upload your asset - whether it's a video, image, GIF, or music, you can upload it into the first box at the top of your page.
Name your NFT - this should be a name that resembles what it is you're selling.
External links - if you have any links you want to lead people to, put them here. Maybe you have some information about the NFT somewhere on a website, you can link to that here (this isn't necessary).
Description - give people some more information about what your NFT is, the backstory, or simply explain the asset in more detail.
If it's part of a collection, select the collection it will go into.
Next, read through the options below, and add in anything that applies to you. If you're creating a simple NFT, none of these things will apply.
Change the blockchain to the blockchain of your choice, then click create.
Now, you're able to click 'sell' after your NFT has been created.
Choose between a fixed price, or a timed auction, and set the price you want to start with or sell for.
Set the duration of your listing, and click 'complete listing'.
Sign off any transactions, and you're done! Congrats! You've just listed your first NFT for sale.
Before you anxiously check Opensea every minute of every waking day, relax and take a deep breath.
Unless you've got a following, there's a high chance that your NFT will not sell immediately.
Creating and selling NFTs is not a get rich quick scheme -it's' a way for creators to earn extra money for the things they like to do.
Patience, like always, is the name of the game here.
Don't create NFTs because you're desperate for money, make NFTs because it's something you love doing, and you enjoy creating things.
In the meantime, go and celebrate this small win - you've done something millions and millions of people haven't even thought of, even heard of.
While you wait for your NFT to sell, carry on growing your online presence, and create more NFTs.
Beeple, one of the most successful NFT artists in the world, started to create one digital piece of artwork every day since 2007.
It was only last year, over ten years later, that he sold one of his artwork, 'The First 5000 Days' for $69 million.
Stay consistent - while your first NFT might not make you filthy rich, over time, you'll gain more and more attention from NFT collectors, and as your online presence grows, you'll continue to make more and more money from NFTs.
That's how you can make and sell your first NFT in 10 minutes.
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