I am in the area of collectibles more than 10 years and have a eshop focused on coins and stamp collectors. And foru sure I am also coin collector more than 12 years. I know how collectors thinking (because I’m in daily contact with them) and my opinion how to make a succesfull NFT collection is (please take it as suggestions only, let’s discuss them):
- Make your collection clear as much as possible. Do not mixing themes on the same account. Create sepearate account for each of your themes. But your “signature” must be with each collection. Signature is more important than your artwork! The same work costs $ 1 or $ 1,000,000, depending on who is signed. You have to make a brand and you are the brand!
- Make a collectibles from collection “enought similar” but also “enought different”. In other words: It is important that the individual elements of the collection are not “too similar” but are also not “too different”.
- The collection size must be a proportional to your “reach”. A small collection will gain little interest. The large collection will sell out too long and it will take a long time to start your a secondary market.
- Rarities are as important as standard parts of the collection. Rarities helping to boost interest of your collection.
- The only reason your art has any financial value is because people want to buy it. That is, because there is a market for your art. But you have to create this market: I) with the right pricing policy and II) promotion of your artworks. You need to growing with your price in a way that corresponds to the growing interest inyour collection.
- Best way how to push your primary prices are growing secondary prices. Keep your royalties low to reduce risk on secondary market. 25% royalties are not giving sense in nearly all sitiations and killin secondary market. I think that optimal value of royalties is 3% to 12%.
- Clear and describe your idea as much as possible. Road map is recommended.
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