NFT Pricing Guide - How To Price Just Right And Sell Out!
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- เผยแพร่เมื่อ 20 พ.ค. 2024
- NFT Pricing Guide - How To Price Just Right And Sell Out! // When you're selling NFTs (or anything, really) you need to have a clear pricing strategy. Because if you don't price properly, you could be leaving money on the table ... if not losing it outright. So in this video, we're jumping in and walking through exactly what you need to consider, and what needs to happen for you to price your NFT collection perfectly. Ready? Let's do it! 👇
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I have no idea what to price my nft at but it's of my real cat.
Haha fantastic! Remember it's a totality of the collection question - beyond the art, what does your NFT bring to the table? Utilities, etc. The whole package should be priced as a whole when it comes to each piece of the collection
Thank you kindly bro!!!!!! I said in my heart, my cat puts his face in the palm of my hand and lays down, he kept me out of jail. I want to make an nft of him, what's cool is I have a limited number of "Eternal Scepter" NFT's in which he has a gold scepter and crown and its a picture of Isaiah 11:6 this day is yet to come, and on that day he will be reunited with his mother. @@TrentKennelly
Great content!! thanks so much Trent!!
Glad you found it useful, thank you so much!!
Ridiculously well explained. Thanks!
Appreciate that so much!!!
Just love your cap!!
Hey buddy, quick question. The Public Stage Sale Price on OpenSea, is that the price you should list for each individual NFT or is that for the whole collection if you're dropping a collection of 5, 000 or more?
Really useful video, thanks!
Glad it was helpful!
I'm afraid I priced my collection a little too high. It's my personal artwork and don't want to let it go for super cheap but I REALLY want my art work to circulate through the market space. Any ideas on re-pricing?
Sorry for the delay! Drop a few of them down and push those specific pieces. If you see a higher response rate, it might be worth repositioning the rest. But always make sure you have that healthy span of prices
Same here
Thank you for video Trent. It was really well explained. I'm an artist and I'm about to do my first NFT collection which will be a collection of 10,000 on Opensea. Do you price based on the total projected sales of the entire collection or for each individual NFT in the collection? For ex $10 per NFT would be a projection of $100,000 etc...
You should price based on rarity. Are you using traits? I suggest using them and defining the worth of each trait based on how rare they are
Thak you for your videos + vision. I’m right now with this doubt of defining the price…
Thanks so much! What’s the specific concern?
@@TrentKennelly I decided to launch on Solana Blockchain with a small supply, less than 1.5k. Now I'm realizing that building a community is a challenge... plan to mint next July. For WL, I think in two groups, one with 400 people (max 3 NTF mint per wallet, maybe normal price), and another with 100 people (only 1 NFT mint for free or for a low price).
Thanks for the video sir but I have a question.
If you list an NFTs is it going to sell for the exact amount you listed it for or is it possible to sell high or lower than the price ?
I'm not sure I follow the question. If you sell shoes on amazon, you're going to sell them for the listed price. Of course, there's tax and shipping to consider. Likewise, there's gas and transaction fees to consider on a site like OpenSea. Is that what you mean?
@@TrentKennelly No sir, I mean if I list an item on opensea for $100 is it going to sell for that $100 or is it possible that the values of that item will increase to $200 or $300
@@emmanz22 it doesn’t rise organically. The price change happens because people are choosing to increase or decrease the price after they purchase the item. OpenSea doesn’t adjust your pricing for you.
So, yes, it is possible, but only on the secondary market. Whatever you set as the price for your NFT is the price it will sell at
Great. I like to know if I have to upload/sell 1,000 NFT on opensea. I am still confused how much I have to pay opensea as Gas Fee. Your reply will be highly appreciated
You can lazy mint so it will be in a per-sale basis and will depend on the chosen blockchain, etc. But I think it’s important to understand that gas fees aren’t paid to OpenSea. That goes to the blockchain.
Question: how can I price the nft images of my original oil painting on canvas?
Good question! It depends on a lot of factors. What are the utilities? Is there a link between the digital and physical versions? (I mean this next question innocently) how well known in the art world are you? I'd start by looking for similar projects, seeing how they price, and seeing if they actually sold anything.
Cheersa Trent :)
Cheers!!
Hi i need your help I just wanted to know About transaction from buyer i had a buyer he wanted to purchase my artworks as nfts before that i had no acout on open sea but i recently opened but he was unable to purchase my art i choosed polygon chain while the Prices are in Eth plz help me What can i do To sell my artwork i don't have money to pay gass fees before selling
Sorry for the delay! Gas is an unfortunate reality. There’s no way around it. But polygon is cheaper so that’s good. All I can say without seeing the details is that you should check every setting to make sure it’s right.
@@TrentKennelly thankyou for reply
50% commission just seems outrageous. 😱 I can understand why that would turn someone off.
Absolutely! Definitely not the best play in my opinion
Is I wise to set a general price for all NFTs or a unique price on each one?!
It’s better to have varied pricing in my opinion. That said, I’ve seen a uniform price work when there’s a Dutch auction in play (check my azuki video from last week for more details)
Are brc20 nfts worth collecting?
Hard to say. I don’t really like to give out t specific suggestions about what to buy sont that’s not really what my channel is about. All I can say is do your own research and best of luck!
Hi. Why ppl would sell their nft at 10 bucks when you could literally have 200 as gas fee every transaction???
Would it be OK to start ethereum blockchain and pricing at 0.5? Bc, gas fee, commission, taxes, that doesn't let you much.
They do that because they’re lazy minting and trying to pass those gas fees along. .5 is fine but you always need to market strategically to bolster that position. Hope that helps!!
Is it worth it to list slightly lower than the floor price for best sale or exactly at the floor price ?
It’s possible, but remember that the floor is what most people see firsts. Anything that moves toward the median price is less visible to buyers
@Trent Kennelly You mean there's a chance buyers might not see my nft at a lower price as compared to my colleagues who set same nft at the exact floor price ?🤔
@@Am_dave I’m sorry I misread your question! I somehow read that you wanted to list it higher than the floor. Yes, lower is definitely possible. The advantage is that you now have the most visible piece up for sale in the collections. The disadvantage is that, in some circumstances, you’ll cause a race to the bottom and end up devaluing the collection (not in all cases, but it can happen, so stay wary)
Someone offer to buy 3 of my artwork for 5 eth is that good price, It's first time to sell so I don't know about pricing
That's somewhere in the neighborhood of $9,000 USD at the moment. Sounds positive but it's hard to judge without more detail about you personally. Best of luck on the sale!
@@TrentKennelly How can I list my nft ? and How can I put a price for the collection in OpenSea
Good info thanks but way too many sound FX in your video.
Thanks! I’ve reduced it for future videos haha
How can one know if the buyer of an NFT is genuine or fake?sir please reply me.
Responded in your other comment! :)
The Trailer on my channel..
I have 10,000 different NFTs of the main character's soldier bees..
I'm going to Free-Mint the whole collection through Mintplex..
And Admin Drop to myself on Opensea with a 3% royalty in the contract...
When on Opensea,
Is there a way to set a price for the entire collection?? Post-Mint?
On Opensea I mean???
It's a 40 episode animated cartoon series of my own making,, leading into several other shows/movies taking place within the same universe..
And any advice or involvement would be greatly appreciated and reciprocated ten-fold...
Thanks for the question! There isn’t any way to set a price after the giveaway because those items are now in control of the receiver and they get to pick the price from that point forward. Hope this helps!
@@TrentKennelly ya but *I would be the receiver of all 10,000 ,, I would have to then set each price individually???
I really just want a way to upload these 10,000 NFTs , and list them all individually for one price (like $3 worth of SOL/etc)
Update this video please.
Hi I am an artist I've been living off my artwork for 35 years approaching me on my Instagram message and wants to purchase I've never done it and if anybody wants three of my images produces antibodies is this a scam do I ask how much you willing to pay or do I just price I'm very confused and I don't know what to do any help would be greatly appreciated thank you Anthony Sanchez.
Sorry for delay! It’s honestly hard to say without more detail. Can you dm me? (Also, édit was due to an early send on the message)