You Must Avoid These NFT Mistakes

Although the world of Music NFTs is fairly new, people have already made lots of mistakes when creating and selling their Music NFTs. Here, we will discuss some mistakes that people make with Music NFTs. You need to avoid these at all costs.

1. Trying to Make Money too quickly

People see that some NFTs have sold for millions of dollars, and they think that it is a good way to make money quickly. This is short-term thinking and has been the undoing of a number of NFT creators and sellers.

If you want to succeed with Music NFTs at TheTopSpotOnline then you will always need to provide value first. Focusing on making money fast with Music NFTs is a recipe for disaster. You need to create Music NFTs of the songs you are currently promoting.

If you are buying Music NFTs look for NFTs that are tied to songs that have a growing audience. Check the stream counts and monthly listeners of the artists whose NFTs you are considering.

2. Not Promoting Listed NFTs

This is the “build it and they will come” syndrome. You create a Music NFT or a collection for every song, but you don’t have a marketing campaign in place. Because TheTopSpotOnline gets loads of visitors each month you think that your Music NFTs will sell like hot cakes. What you need to take into account is that there are thousands of Music NFTs available on TheTopSpotOnline all the time so yours can get lost in all of this.

You need to do more than just create and list your Music NFTs on your marketplace. Determine who your target audience is and then promote your NFT drops to them. Use social media platforms, TheTopSpotOnline Facebook Groups and find communities that are dedicated to your Music NFT niche.

When you are promoting your NFTs you need to avoid outright sales tactics. Nobody likes to be sold to and this is particularly true in the NFT world. You need to showcase your NFTs and let people know what is special about them to generate interest. TheTopSpotOnline makes it possible to feature NFTs on the home page and throughout the site. TheTopSpotOnline also allows NFT Owners to display their NFTs on other Owners Marketplaces. Take advantage of all the features offered at TheTopSpotOnline.

3. Listing your NFTs only in your Marketplace

This is something that happens a lot. A lot of NFT creators are not prepared to spend a little time researching which marketplaces at TheTopSpotOnline are best for the listing of their NFTs. Many beginners will use just their own marketplace (Spot) for their NFTs because it is the easiest. But this can be a big mistake as your target audience can probably be found at other spots at TheTopSpotOnline.

You need to do your homework here and find out which Spots at TheTopSpotOnline your target audience can be found. Find out what the Spot owner is like. What are their requirements to list on their Spot and see how effective they are.

4. Not Investing in your NFTs

It is not completely free to mint your Music NFTs. Listing them for sale on your marketplace is free. The Neblio blockchain network for your Music NFTs charges a negligible “gas” fee.  About .0001 NEBL and 1 Spot Token for the app. A lot of people think that they can create and list NFTs for free, but this is not the case.

If you are creating NFTs that have high value, then you need to invest in them. We are not just talking about paying the different fees here. You need to invest in marketing to spread the word about your NFTs.

5. Not Understanding NFTs properly

This mistake is so easy to avoid but there are many people that make errors with their NFTs because they do not have a good overview of how they work. You need to know the basics about crypto and blockchain and there are many resources online available to help you with this.