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Simple Strategy to Flip #NFTs for 6 Figure Income

๐Ÿ‘๐ŸŽ๐Ÿ‘Richard Knight Simple Strategy to Flip NFTs for 6 Figure Income.๐Ÿ’ฐ๐Ÿ’ธ

A simple strategy to finding & flipping Undervalued NFTs

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People are paying crazy prices for jpegs and in a recent sale, a picture of a monkey (Bored Ape Yach Club 8817) was sold for 3.4 million dollars.

According to Sothebyโ€™s who managed the sale, this was according to the gold fur trait, which less than 1% of all Bored Apes have.

However, likely the highest price paid for an NFT goes to CryptoPunks (5822), which sold on February 12, 2022, for over 23 million.

No Whitelists, No Lucky Mint, No Alpha Groups Needed

This strategy doesn't require any lucky mints, require you to be whitelisted or be a member of any alpha group. Itโ€™s a simple strategy anyone can use.

This strategy focuses on finding undervalued NFTs within a high-volume collection for a quick flip.

This strategy is based on the premise that not all people who buy NFTs are well versed with the market value of rarity.

Step 1: Find a Proven Project

The first step and likely most important step is finding the right project.

When choosing a project, it must be a project which you genuinely find interesting and appealing to the eye.

This is absolutely key as you will be likely spending hours looking at the art โ€” so you should really be enjoying the eye candy.

It also needs to be a project with a floor price that you are comfortable with.

NFT projects are notoriously expensive, especially those on the Ethereum blockchain.

If you are just starting out and find the floor price too expensive for your taste, I would recommend looking at other blockchains NFTs, such as Solana.

The project you are looking for is one that has already launched, has already gone through its post-launch dip, has a high sales volume (at least a sale an hour), an active secondary market, active discord and a team that has prior experience in the NFT space.

Step 2: Study Listing Pages of the Collection

Now you have settled on just one collection, you will need to become an expert on this collection.

This means knowing the traits of the collection and the rarity of these traits.

Step 3: Make the Buy & then Sell Immediately

Once you have found the NFT you are looking for, it is time to then buy it and then resell it immediately at a price higher.

While listing it on the secondary market is the first step, I have found greater success (and lower fees) by marketing the NFT on the Discord of the collection.

Most all NFT collections have a marketplace within their discord server and here you can have direct contact with the buyer.

What you will be looking for is an NFT within the collection for sale near the floor price which has rare characteristics.

That's a wrap!

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