How to Sell NFT Art Part Two

This is a continuation of our article on How to sell NFT art. If you haven’t caught up on that, click here

If you finally have, we can move along with the next steps:

Step Four: Connect Your  Wallet to your Preferred NFT Platform

Whatever digital wallet you’re going for, after funding, you’ll need to link it to your chosen NFT Platform. There are many NFT platforms, and an example is Rarible.

If you’re choosing Rarible, for example, these are the steps involved in linking your wallet:

1. Go to Rarible.com
2. Click on “Connect Wallet “ at the top right part of your screen.
3. Input your wallet provider
4. Connect your wallet to Rarible and click on next.
5. Click on “Connect “ and accept the terms.
6. Confirm your age. That’s all.

Step Five: Upload the file you’re turning to NFT

At this point, your wallet is funded and connected to your chosen NFT platform. The next step is uploading the file you intend to sell as an NFT. To do this, click on “Create“ and select from the options given if you’re creating a one-off NFT or if you plan to sell the NFT repeatedly.

After making your choice, go ahead to upload. You can upload as PNG, WEBP, GIF, MP3 or MP4, depending on the platform you’re making use of.

Step Six: Set up your own NFT auction

There are different ways to do this. You can select the “Unlimited auction “ in which you can keep getting bids till you choose a buyer. There’s also the “Fixed Price” option in which you can set a fixed price and have the NFT sold instantly. Then there’s the “ Timed auction “ in which the auction lasts for only a set time.

Keep in mind that placing a price to your NFT is important because you can sell cheap and the fees might hurt your profit.

There’s an “unlock once purchased “option where you can provide the buyer with the original version of the art once it has been purchased. This is done via a secret web page, there’s also provision for a download link. Then “choose collection “. This is a complicated step but it’s probably best to stay with the default option.

 Step Seven: Include NFT Description

This includes giving your listing a title and a short description to increase the chances of a sale. Don’t be hasty, take some time to come up with something brilliant before putting it down. Next up is choosing royalties percentage for resales. Setting your percentage properly will fetch you good money per sale long-term but it might discourage people from reselling it because their profit is potentially affected.

Finally, add the file’s properties.

Step Eight: Pay Listing Fee

This is the last step in selling your NFT. Click on “create item “ so you can connect your digital wallet and pay the fee for listing (this is why you funded your digital wallet remember?)

You can also fund your wallet straight from the NFT platform if you skipped that step previously.

Simply find the wallet icon and click on it.

For a start, the fee might seem small but as you go further, you’ll need to pay extra fees to generate the NFT. The extra fees may cost much more, so make sure you have enough in your wallet for the fees. A least $50 would do.

When someone purchases your NFT, you pay a commission fee and transaction fee for the money transfer. This is why it’s important to not undercharge your NFT.

It’s impossible to give a clear cost of what the total cost of selling an NFT is, because of the nature of blockchain and the fluctuations. Plus, not many of the platforms are not exactly transparent about their fees.

We think it’s important to mention that even though you hear about the wild successes of some NFT artists, these are only rare examples. So don’t approach this hoping to become a billionaire overnight. Nonetheless,  we’re rooting for you!

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