Getting started is simple but like any endeavor make sure you understand the basics
Flipping is the term used for purchasing an item at a low price and then selling it at a higher price to realize a profit.
People have been flipping NFTs for profit over the last few years and you can learn to do this as well.
The NFT market is still quite new and there is not much competition right now. Experts are predicting that there is still a lot of growth possible with the NFT market and this is good news as it means that there should be flipping opportunities available for a long time.
If you do this right, it is possible to make a profit on an NFT flip in just a few days. It is not always about short-term gain of course.
A lot of NFTs will increase in value as they age and it can be a good idea to hang on to some of your investments for a while so that you can get the best price when selling them.
Choose the Right NFT Marketplace
Two Important Aspects to NFT Flipping
There are no guarantees with NFT investing and flipping. Opportunities do exist but you need to be smart and find them.
People are successfully flipping NFTs for profit so always bear this in mind.
When you are looking for flipping opportunities always look for these 2 things:
- An undervalued NFT listed
- The expectation that the value of the NFT will increase
Don’t try and find NFTs to flip in all of the different niches. It is much better to focus on one niche and really get to know all there is to know about it.
Your chances of profiting from NFT flips will go way up when you know a lot about the niche. Decide what niche that you want to focus on and learn all you can about it.
Look for NFT Flip Opportunities on Marketplaces
You are going to find your NFT flip opportunities on the various marketplaces.
The very popular NFT marketplaces like OpenSea and Rarible will tend to have NFTs of lower value. Anything goes on OpenSea and it may be difficult for you to spot opportunities there.
If you have chosen a niche like trading cards or sports related NFTs then you need to look on other platforms for flipping opportunities.
Check out the NFT Course on TechCommanders!
For anything related to the NBA try their Top Shot platform. Atomic Assets is good for trading card NFTs and there are specialist marketplaces available for in-game NFTs.
Digital art is a good NFT market and you can find some flipping opportunities on marketplaces such as Known Origin and Nifty Gateway.
If you want to flip high-end digital art then take a look on the SuperRare marketplace to see if any opportunities exist there.
The bottom line here is to use the marketplaces that relate to your chosen niche.
We are not saying that it is impossible to find good NFT flipping opportunities on Rarible and OpenSea either. They do exist and you can find them.
Bulk Buying and Haggling
Another good couple of techniques to use when you are flipping NFTs is to be prepared to purchase them in bulk for a lower price and haggling with NFT creators to reduce the price of their NFTs.
Both of these can work well especially if the sellers believe that you are an expert in the niche
Cloud InterviewACE.
The best way to pass the Cloud Computing interviews. Period.
Cloud InterviewACE is an online training program & professional community mentored by industry veteran Joseph Holbrook (“The Cloud Tech Guy“), a pre/post sales guru in cloud.
Learn to pass the technical and even soft skills interviews from the starting basics to advanced topics covering presales, post sales focused objectives such cloud deployment, cloud architecting, cloud engineering, migrations and more. resume tips, preparation strategy, common mistakes, mock interviews, technical deep-dives, must-know tips, offer negotiation, and more. AWS, GCP and Azure will be covered.
Find Out more about Cloud InterviewACE from TechCommanders
Fast-track your career now!
This changes your world, what are you waiting for!
We are TechCommanders…
experts in Next Generation Technology Training.
TechCommanders is an online training platform for both aspiring and veteran IT professionals interested in next generation IT Skills.
TechCommanders is led by Joseph Holbrook, a highly sought-after technology industry veteran.
TechCommanders offers blended learning which allows the students to learn on demand but with live training.
We love that you’re enjoying the cool stuff here. Our legal consultant tells us we should let you know that you should assume the owner of this website is an affiliate for people, business who provide goods or services mentioned on this website and in the videos or audio. The owner may be compensated and should be if you buy stuff from a provider. That said, your trust means everything to us and we don’t ever recommend anything lightly. Thank you
We love that you’re enjoying the cool stuff here. Our legal consultant tells us we should let you know that you should assume the owner of this website is an affiliate for people, business who provide goods or services mentioned on this website and in the videos or audio. The owner may be compensated and should be if you buy stuff from a provider. That said, your trust means everything to us and we don’t ever recommend anything lightly. Thank you
.