How to Make Money with NFT


The term ‘NFTs’ is echoing through the corridors of digital innovation. As a business owner or digital content creator, you might have caught wind of the significant financial gains people are making with these latest entrants in the cryptocurrency arena.

NFTs, or Non-Fungible Tokens, have indeed entered the mainstream.

As such, if your entrepreneurial endeavors or small business operations involve generating digital content, getting a handle on how to profit from NFTs could be a game-changer.

You may have heard of the 24-year-old artist who made over $300,000 selling her art as NFTs or Rob Gronkowski selling NFTs of his best Super Bowl moments.

With this news hitting social media, it’s no surprise how quickly NFT rose to fame with more people jumping on the bandwagon. 

The journey to earning money through NFTs begins with a fundamental understanding of what they are. In this guide, we aim to provide a concise explanation of NFTs and demonstrate how you can potentially profit from selling them. First, let’s delve into the precise definition of NFTs.

Small Business Deals

What are NFTs?  

NFTs, an abbreviation for non-fungible tokens, are unique cryptographic tokens residing on a blockchain.

They serve as virtual representations of tangible assets like artwork, music, and even real estate. Unlike cryptocurrencies, each NFT is distinctive; they cannot be traded or exchanged on a like-for-like basis due to their unique attributes.

Picture a collection of unique baseball cards or rare coins. NFTs create a sense of scarcity for digital assets that would otherwise be limitless.

They are most commonly utilized to purchase and sell digital commodities like social media posts, digital artwork, game-related items, and virtual real estate.

2021 was a year of growth for NFTs, with sales hitting $2.5 billion in the first half of the year. There are two ways you can make money with NFT. The first is to sell your original content as NFT.  

non fungible token

How to Sell NFTs?

Selling NFTs typically involves a process that varies according to the marketplace you select, similar to existing e-commerce platforms. At a high level, you’ll be required to upload your content to the marketplace, convert it into an NFT, and then wait for a buyer.

The process is reminiscent of selling on platforms like Amazon or Etsy. If you already possess a digital content portfolio and hold the copyright, the following steps are what you need to know next:

1. Select Your Marketplace, Mint the NFT, and Link Wallet  

Selecting a suitable marketplace is the primary step in your NFT journey. The digital world offers a multitude of such platforms, with notable ones being OpenSea, Axie Marketplace, Rarible, SuperRare, and Mintable.
Here’s a quick comparison (info correct 2021):

MarketplaceBlockchainTypes of NFTsRoyaltiesGas Fees
OpenSeaEthereumArt, domains, virtual world, trading cards, collectiblesVaries per creatorVaries based on network congestion
Axie MarketplaceEthereumAxie Infinity assets (characters, land)Varies per creatorVaries based on network congestion
RaribleEthereum, FlowArt, music, domain names, virtual world assetsVaries per creatorVaries based on network congestion
SuperRareEthereumDigital artVaries per creatorVaries based on network congestion
MintableEthereumArt, music, domain names, virtual world assets, and moreVaries per creatorVaries based on network congestion

  • Each marketplace has its unique attributes and advantages, so it’s crucial to examine them and decide which one aligns best with your content and your overall objectives.
  • Following the marketplace selection, your next move is to “mint” your NFT. To simplify, minting an NFT means converting your digital file into a cryptographic collectible or a digital asset on the Ethereum blockchain.
  • While this might initially appear complex, most marketplaces are user-friendly and provide step-by-step guides to assist you in minting your NFT within their platform.
  • After selecting your preferred marketplace and successfully minting your NFT, you’ll need to connect your funded cryptocurrency wallet to the platform. Following this, you can upload your digital file and proceed as per the instructions on your chosen platform.
  • Keep in mind, different platforms have diverse processes and features; some allow you to sell your item as a one-off, while others let you earn royalties.


2. List NFT for Sale 

  • With your NFT minted and all necessary details provided, the next step is to put your NFT up for sale.
  • After listing your NFT, you may notice that the marketplace calculates what are known as “gas fees.” This term represents the transaction cost within the Ethereum blockchain network that you need to cover in order for your NFT to be officially listed.
  • The magnitude of this fee fluctuates depending on the network’s activity at any given time. One way to reduce this fee is by listing your product during off-peak hours, although this strategy’s effectiveness will depend on the marketplace you’ve chosen.

Can I Trade NFTs? 

Absolutely! Trading NFTs is another viable avenue for generating revenue, and this approach is not solely limited to content creators.

Many entrepreneurs and astute investors use NFTs akin to trading stocks, buying low and selling high for a profit.

If you possess a portfolio of NFTs that you no longer need, you can dispose of them using the same methodology as if you had created them. Naturally, you won’t need to undergo the minting process in this scenario.

The knack for successful NFT trading lies in identifying the optimal time to sell. The most opportune moment to sell an NFT hinges on its nature, the rationale behind its purchase, and the overall market interest in the item.

Undertaking some quick internet and marketplace research can aid in making an informed decision.

Remember, you’ll need to account for potential price appreciation or depreciation, which can impact your profitability.

Make sure to include costs such as gas fees, marketplace listing charges, and royalties due to the original creator in your calculations. These expenses will inevitably decrease your final earnings.

Complex NFT trading may necessitate a more profound understanding of the cryptocurrency sphere, and seeking professional advice could be beneficial. Given the novelty of NFTs, there are freelancers available online who can provide valuable assistance in this domain.


Additional Costs in Selling NFTs

While NFTs present an exciting new avenue for monetizing digital content, it’s crucial for sellers to be aware of additional costs involved in the process. These costs can significantly impact the overall profitability of selling NFTs. Here’s a breakdown:

  1. Gas Fees: These are transaction fees on the Ethereum network, required to mint and sell NFTs. Gas fees can vary based on network congestion and can sometimes be quite high, especially during peak periods.
  2. Marketplace Fees: Most NFT marketplaces charge a fee for listing and selling NFTs. These fees can vary but typically range from 2.5% to 15% of the sale price.
  3. Digital Wallet and Conversion Fees: Maintaining a digital wallet and converting cryptocurrency into traditional currency can also incur fees. These costs vary depending on the wallet service and the chosen method of conversion.

Understanding and factoring in these additional costs is vital for anyone looking to venture into selling NFTs.

Strategies to Enhance NFT Sales

To successfully sell NFTs and maximize earnings, consider these strategies:

  • Building a Strong Social Media Presence: Use platforms like Twitter, Instagram, and Discord to showcase your work and engage with potential buyers and the NFT community.
  • Collaborations with Established Artists or Brands: Collaborating can increase visibility and credibility, attracting more buyers.
  • Creating Scarcity and Exclusivity: Limit the number of copies of your NFT or offer unique perks to create a sense of exclusivity and drive demand.
  • Engaging with the NFT Community: Participate in forums, online events, and discussions to build relationships within the NFT community.
  • Continuous Market Research: Stay updated on market trends and adjust your strategies accordingly.

Marketing Your NFTs

Effective marketing is key to attracting potential buyers for your NFTs. Here are some tips:

  • Leverage Social Media Platforms: Regularly post about your NFTs on social media platforms. Use hashtags and engage with other creators and collectors.
  • Create Behind-the-Scenes Content: Share the process behind creating your NFTs to build a story around your work and connect with potential buyers.
  • Email Marketing: If you have an existing customer base, inform them about your NFT ventures through newsletters.
  • Collaborate with Influencers: Partner with influencers in the NFT space to reach a wider audience.
  • Offer Exclusive Previews: Provide sneak peeks or early access to your followers to build excitement around your NFT drops.

Potential Risks in the NFT Market

While NFTs offer unique opportunities, there are risks involved:

  • Market Volatility: The NFT market is relatively new and can be highly volatile. Prices can fluctuate wildly, impacting the value of your NFTs.
  • Digital Asset Security: Ensuring the security of your NFTs is crucial, as blockchain transactions are irreversible.
  • Intellectual Property Issues: Navigating copyright and intellectual property laws is essential to avoid legal issues.
  • Environmental Concerns: The environmental impact of NFTs, particularly regarding energy consumption of blockchain technology, is a growing concern and may affect market perception.
  • Changing Market Trends: The NFT market is evolving rapidly. Keeping up with trends and adapting to changes is necessary for long-term success.

nft example dragon

What is the Future of NFTs? 

Predicting the future trajectory of any blockchain innovation is inherently uncertain. Yet, many experts have voiced their belief that NFTs have secured their place in the digital world and will continue to expand beyond their current primary sectors of art and gaming.

This is particularly likely if high-profile investors maintain their involvement.

The growing interest in NFTs can also be traced back to its inherent attributes, which include proof of ownership, social status conferment, exclusive access provision, licensing management, and authenticity verification.

NFTs give you the sovereignty over your assets, analogous to how Bitcoin empowers you to control your own financial resources.

In Short … 

Though the process of selling NFTs might appear simple on the surface, there can be complexities to navigate.

Minting and selling your digital content incurs marketplace and Ethereum-associated expenses, which can be substantial depending on the timing of your sale. Moreover, trading NFTs carries its own set of uncertainties due to the market’s youthful and volatile nature.

The best way to make money with NFT will differ by person. If you or your small business have money to spare, you can choose to buy an asset that will gain interest as time goes on and sell it when it appreciates.

If you’re an artist or content creator, leveraging NFTs to monetize your craft could be your best path forward.


Image: Depositphotos

More in: 9 Comments ▼

Joshua Sophy Joshua Sophy is the Editor for Small Business Trends and the Head of Content Partnerships. A journalist with 20 years of experience in traditional and online media, he is a member of the Society of Professional Journalists. He founded his own local newspaper, the Pottsville Free Press, covering his hometown.

9 Reactions
  1. Blockchain is now adapting websites and servers, the data will be getting more secured and developers will be able to create or store data from where ever they want. thanks for sharing this amazing blog with us.

  2. I was a victim of NFT scam, lost over 70k. Fortunately, I got in contact with a reliable agency that helped reverse all my funds.
    You can also reach them at easybinarysolutions via g,mail

  3. I have NFTs for sale you can contact me via email

  4. Good day Josh,

    We are looking for a consultant on contract to assist with the development and marketing of our proposed NFT. Please let us know how best to go forward, cost to be incurred and time scheduled performance based on a “Turn Key Operation.” by you, on Contract to us.

    Grace be onto you and Peace. (we intend to use proceed to assist the Yawenta Center for Children in Shasshamane, Ethiopia)

    Fitz Dyer email:

    ps:• We take English for granted. But if we explore its paradoxes, we find that quicksand can work slowly, boxing rings are square and a guinea pig is neither from Guinea nor is it a pig.

  5. I still see cryptocurrency as one of the best digital investment and i totally love the technology when it comes to the largest crypto asset Bitcoin. As a trader, i have been able to understand that there are two sides when it comes to crypto and everyone has their opinions when it comes to choosing sides, though i am not kicking against Hold, but i see it as an old and odd route to make profit off the market as when the market goes bearish investors/traders loses their investment which is always painful, when you can take advantage of the market by involving in day trading or copying trade alert from a professional trader that understand the market to generate signals daily to make profit to grow your portfolio as i have been doing with Crypto Emperor for the past 5 weeks and i have been able to trade to grow my btc which you will rethink and see that trading is better/profitable Crypto Emperor advise are very accurate and always yields a great positive return on investment/profit Crypto Emperor can be contacted via cryptoemperor143 At Gmail Dot Com.

  6. I began my search after developing interest on crypto trading ,reading further about ROI, knowing the benefits of investing in several alt and when to contact an expert sets in and I got through with John who responds strictly to phone conversations and official mail via blockchaindexterity@gmail .com for inquiry.If you are still pondering on investing your money in bitcoin ,I’m afraid you have to act fast before it is too late.I have made about $390,000 within 4 months and I will spread the good news forever.

  7. Hello everyone,
    I have seen a few reviews on here about making profit from crypto currency trading but I am here to introduce you to a genuine, fast and reliable way to make guaranteed profits in less than 8 days. I was having some financial challenges less than 2 months ago and I got introduced to an expert trader by my colleague from work who had earlier talked about making some fast money from crypto trading, and i made an initial investment deposit of $1,000 and in a few days i got a return on investment of about $8,700, i was amazed at the swift and safe nature of trading employed by this qualified trader. I did engage in a bigger investment and that was what blew my mind, made over $22,000 in another few days, trust me when i say my life has changed for the better. This has been my ticket to financial stability, and i thought of sharing this wonderful investment opportunity to those who will take the leap of faith to be blessed. I will drop the contact info;

    WhatsApp: +1 408 500 0775
    Email :

  8. I made a deposit into my private key account and transferred the funds into my trading wallet. After the transaction was executed I tried to withdraw the funds from my trading wallet but It wouldn’t allow me to do so says “user not authorized to use fiat” I tried reaching out to their support and they wouldn’t help, they asked me a bunch of unrelated questions and won’t help me get access to my funds. I have verified my identity and my account is on Gold level.

    I tried getting help online to restore my assets back, but my experience with C0INRECLAIMS . C0M website, was smooth and I got the whole way through to access back my coin that’s been locked since 2021! After they got access into my wallet there’s a part of you that wonders like – are they just going to steal my cryptos? Nope. After everything was done they collect their fee and provide them an address to send it to and voila. Done. What was locked away is now mine again. You can absolutely trust👌. If you don’t know how to get access to your wallets, this is the service you should use.

  9. I recently secured a bitcoin portfolio with marketplus247 . com, at first I was unsure because of previous failed attempts with scam companies but this one is just right. I grew my portfolio in under 2 months and I’ve saved quite a lot from my investment. You should try it

Leave a Reply

Your email address will not be published. Required fields are marked *