Dreamer Handbook: The Pricing Puzzle: 21 Questions - Infographic 04
The Pricing Puzzle: 21 Questions - Infographic 04
You have minted. Your release is incoming and you are sharing your story. Collectors are waiting for you. You must learn how to price your art.
How much should you charge for your NFT?
I cannot answer this one for you. But I can give you some questions to help you dig deeper and spark conversations to help you decide how much you are worth, and divide that (perhaps) by a number of editions to help you meet your financial targets, or not. Have fun.
This learning tool was generated from a series of conversations with many folks in Clubhouse and other social NFT/ Tezos spaces. This is a list of 21 questions to help you arrive at a price for your art. There will be more.
Easy Questions
- How many hours did you work on the piece?
- How many pieces like this did you make before?
- How much do you want to make per hour?
- How much did you spend on materials?
- How much experience do you have in your field?
Education 6. Did you have to learn any new skills? 7. What research did you conduct for the work? 8. Are you sharing and educating people in your written description?
Personal 9. Does your work create visibility for others? 10. Was there an emotional tax or labor involved in creating the work? 11. Is there a cultural or political component? 12. Is the work supporting a charity or community entity?
Business 13. How many roles did you have in creating the work? 14. What roles did you have in the project? 15. How many people are a part of the project? 16. What do you charge for similar work in the real world? 17. What can the collector do with your art?
Metaverse 18. How long have you been in the NFT space? 19. What are other artists charging for similar types of work? 20. How many editions are you minting?
- What else might you consider?
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NFT owner has the right to resell the music and art NFT, to publicly perform and publicly display the art.
Owner may not reproduce, prepare derivatives, modifications, or distribute copies, without the consent of and credit to the original creator.
