New artists rarely make high-dollar

Showcase, discuss, and inspire with creative America Data Set.
Post Reply
zihadhosenjm50
Posts: 9
Joined: Sat Dec 21, 2024 6:22 am

New artists rarely make high-dollar

Post by zihadhosenjm50 »

New artists rarely make high-dollar sales in their initial gallery showings. Creating and selling NFTs can be thought of in this same way. Unknown and smaller artists should expect to ask for reasonable prices until they begin to make sales.

So, if you’ve priced your NFTs too high and you’re not sri lanka buy cell phone number list sales, lowering the price could be the solution. If the price is set to a reasonable and comparable amount to other similar projects and the sales are still not happening it could be marketing. In the case where the NFTs are priced well and you’ve been marketing the issue could be with the artwork or the project itself.

On the other hand, you may be underpricing your work. Price conveys value a potential buyer, and when you price your artwork at $0.99, or even just a fraction of an eth, it could signal that your art isn’t worth much now and won’t be worth much in the future. [BOLD]Most NFT buyers are buying for price appreciation, not art appreciation.[BOLD]. If you are producing high quality NFTs, one tactic for pricing could simply be to look at popular mid-tier projects which are selling (not talking about BAYC or other high profile collections), and price your product similarly.

The fact that those NFTs are selling tells you that there are buyers in this price range, and attracting them to your own project is just a matter of producing content that appeals to them.
Post Reply