Proven Ways to Make Money with NFTs Without Buying Them

Ever thought about making money with NFTs without buying them? Well, if you have, you were not fantasizing and you don’t need a wallet full of crypto to start. Here are the less-talked-about but proven ways to make money from NFTs without buying them.

Jump To

1. Become an NFT Creator

You don’t need to be a Da Vinci or have a studio full of canvases to make art in the NFT industry. Digital creation is enough. If you’ve got a knack for design, illustration or even photography, transforming your creations into NFTs could fetch you money.

Start with what you love: sketching or painting. There’s a market for all kinds of art in NFT marketplaces. Platforms like OpenSea and Rarible make it easy to mint your art into an NFT, ready for the marketplaces.

Also partner with existing NFT creators. Team up with an artist and add compelling stories to their art. Collaboration can open doors to new audiences and opportunities.

Then leverage social media, using platforms like Instagram or Twitter to showcase your work. Building a following can create a buzz around your NFTs before they even hit the marketplaces.

2. Community Management

If you’re a people person with good communication skills, consider managing an NFT community. Projects often need community managers to engage members, organize events and keep the buzz alive. This role can be a paid position, and you’ll be at the heart of the action, learning and growing with the project.

3. Content Creation and Curation

There’s a growing demand for insightful, well-researched content in the NFT niche. Blogging or writing articles on NFT topics can be a rewarding way to earn money.

Here are the ways to earn from NFTs through content creation and curation:

Start an NFT Blog

Create a blog dedicated to NFT news, trends and guides. Monetize your blog through advertising, sponsored posts or affiliate marketing. Consistently deliver valuable content to attract a loyal readership.

Freelance Writing for Crypto Publications

Many online publications and news sites focusing on cryptocurrency and blockchain are on the lookout for knowledgeable writers (cryptopolitan.com and BitcoinAfrica.io are perfect examples). Pitch NFT-related article ideas and get paid per piece or on a contract basis.

Creating NFT e-Books or Guides

Compile your knowledge into comprehensive guides or e-books about NFTs. Topics could range from beginner guides to expert tips for specific aspects of NFT art or investing. Sell these guides on your platform or through e-commerce platforms such as Amazon.

Educational Workshops and Webinars

Host workshops or webinars teaching others about NFTs. Cover basics for beginners for aspects like NFT art creation, market trends or technical details of blockchain technology.

4. Affiliate Marketing

By promoting NFT platforms or products, you can earn a commission for each person who signs up or makes a purchase through your referral.

NFT platforms such as mintNFTs.co, Sorare and AI Art Shop have affiliate programs. You can promote their platform on your blog, social media, or YouTube channel. Each time someone signs up or buys an NFT through your link, you earn a commission.

You can also promote NFT tools and services. Tools for creating, analyzing or trading NFTs are in high demand. If you find tools that are genuinely useful, become an affiliate and share them with your network. Your audience gets quality recommendations and you get rewarded for each sale.

To effectively promote products, create content that adds value. Whether it’s tutorials, reviews or market analyses, your content should help your audience understand how NFTs work.

5. Organizing NFT Events and Exhibitions

NFTs aren’t just digital assets; they’re a new form of art and expression. By organizing events or exhibitions, you can create platforms for artists to showcase their work and, in the process, find your own profitable niche. NFT Paris, NFT LA, Expoverse and Paris NFT Day are some perfect examples of what to emulate when it comes to organizing NFT events and exhibitions.

Here are different types of events and exhibitions you can organize:

Virtual Exhibitions

With the popularity of virtual worlds and metaverses, hosting an NFT art exhibition online will attract a global audience. Coordinate with artists and creators to display their work and consider charging entry fees or offering VIP passes for exclusive content.

Networking Events

Organize events where NFT enthusiasts, creators and investors can meet and mingle. These can be online webinars, local meetups, or larger conferences. Sponsorships and ticket sales can be your main revenue streams.

Educational Seminars

Host seminars or panel discussions on topics related to NFTs. These could be about the art of creating NFTs, the technology behind them, or market trends. Charging for attendance or offering premium content to attendees can be lucrative.

Organizing NFT events requires good planning and networking skills, but it’s a unique way to participate in the NFT community and earn from it.

6. NFT Project Management and Development

If you have skills in project management, tech, or development, there’s an opportunity to help bring NFT projects to life. Project management is important to ensuring that NFT creations reach the market successfully. Here are some roles you can take on:

NFT Project Manager

As a project manager, you can oversee NFT projects, coordinating between artists, blockchain developers and marketing teams. This role involves planning, execution, and ensuring that projects meet their goals and deadlines.

Technical Consulting

If you have a background in blockchain technology, offer your services as a consultant. Help artists or companies understand the technical aspects of creating and launching NFTs, such as smart contract development and blockchain integration.

Marketing and Promotion

With your knowledge of the NFT market, guide projects in their marketing and promotional efforts. Effective marketing strategies are essential for the success of NFT launches and your expertise in this area can be highly valuable.

The NFT marketplace is filled with opportunities for tech-savvy individuals to create tools and software that support the ecosystem or develop applications or platforms that enhance the NFT experience for investors and artists.

Here are some examples:

NFT Analytics Platforms

Develop a platform that provides analytics and insights on NFT markets. This could include tracking price trends, hot collections, and providing data-driven advice to buyers and sellers.

NFT Minting Services

Create a service that simplifies the process of minting NFTs. Artists and creators looking to enter the NFT space will appreciate tools that make the transition smoother and more intuitive.

Wallet and Security Solutions

There’s a need for secure wallets and safety measures. Developing user-friendly, secure wallets or security applications specifically for NFT transactions can fill a vital market need.

Key Takeaways

1. Become an NFT creator, community manager, content producer or event organizer.

2. Promote platforms through affiliate programs and add value for audiences.

3. Provide consulting around NFT technology and manage projects successfully.

4. Develop useful software tools and analytics to support the ecosystem.

5. Monetize through advertising, commissions, selling services and ticket sales.

6. There is no need to invest in buying NFTs; you can make profit by using existing skills and knowledge.

Frequently Asked Questions

1. If I create NFT art and it doesn’t sell initially, what should I do next?

If your NFT art doesn’t initially sell, first analyze what type of art is currently selling well and see how you can adapt your style or technique to be more aligned with current trends. You can also try lowering your price or running promotions and contests to increase visibility and buzz around your NFTs. Offering giveaways for social shares can expand your audience.

2. I’m interested in becoming an NFT community manager. What qualifications or prior experience do I need to be considered for roles?

Most NFT community manager roles value strong communication abilities and an in-depth understanding of Web3 culture. Prior experience such as admin roles in Discord servers, Reddit moderation or founding NFT groups can be impressive additions to your resume. Showcasing these experiences highlights your capability to engage community members.

3. I want to organize a local NFT meetup event. What type of venue, set-up, wifi capabilities, etc. should I account for when evaluating options?

For local NFT meetups, research venues that provide strong wifi connectivity for dozens of devices, as well as space for exhibits and demos. Coworking spaces used for tech meetups are a good option. Make sure sufficient power outlets are available for attendees to charge devices if needed.

For webinars, using platforms like Zoom, Google Meet, or GoToWebinar that allow screensharing, audience interaction, polls and Q&A allows for an impactful learning experience. Short live webinars replayed as pre-recorded trainings maximize accessibility and convenience for attendees.

5. As an NFT blogger, how often should I publish new content? Is there an ideal post length I should target?

For blogging, publish 3-5 times per week, ramping up content creation over time as your skills improve. Write informational articles focused on providing value to readers rather than promoting affiliate products or meeting a word count. Build that trust and audience connection first.

6. What legal steps do I need to take if I want to use AI art generation tools to create unique digital art for my NFTs?

Using most AI art generators for commercial NFTs is very legally questionable currently, unless stated otherwise in the terms and conditions. Your safest option is to create art the traditional way or through platforms that explicitly allow commercial use of AI-generated art. Proceed with caution.

7. If I develop an NFT analytics application, what metrics and functionality do buyers and sellers value most? How can I differentiate from competitors?

For NFT analytics tools, highlight actionable insights, historical sales data, collector behavior trends, price history and projections, and emerging high-value collections. Compare fees charged on transactions across NFT marketplaces as well. Offer user-friendly visual dashboards to help inform buying and selling decisions.

8. Besides OpenSea and Rarible, what other NFT marketplaces should I list my NFT art on, and why?

Besides OpenSea and Rarible, some other top NFT marketplaces are SuperRare, Foundation, AtomicMarket, Binance NFT, Solanart, etc. Compare each platform’s fees, blockchain networks utilized, target audiences or verticals, exclusivity of listings, and more when deciding where to list your NFTs.