21 Business Ideas For Nft Collectors [2024]
As an NFT collector, you're already familiar with the burgeoning world of digital assets. But have you considered turning your passion into profit? 2024 promises a range of business opportunities specifically for those well-versed in NFT culture.
You could start your own NFT consultancy, helping new collectors and investors navigate the complexities of the market. Another option could be launching an online marketplace where artists and buyers transact with ease, leveraging your existing knowledge of the community.
The rise of NFTs also offers opportunities to create educational content, from e-books to online courses, sharing your insights and earning passive income. Whatever path you choose, your expertise in NFTs could be the foundation for a successful and lucrative business venture.
For each business idea, we'll show you real-world examples of other nft collector businesses to help you see what it takes.
Here's the full list:
1. Start a niche investment platform ($167K/month)
Starting a niche investment platform can offer NFT collectors a unique entrepreneurial opportunity to leverage their knowledge of alternative assets and modern technology. By creating a specialized online exchange, you could cater to like-minded investors interested in collectibles, cryptocurrencies, real estate, or even athletic prospects. This approach allows you to build an exclusive user base while generating recurring revenue through transaction fees and premium subscriptions.
Why start a niche investment platform?
- You could diversify asset portfolios, making the platform appealing to investors seeking alternatives to volatile stock markets.
- Modern technology allows for transparent and efficient trading ecosystems, enhancing trust among users.
- Passion-driven niche exchanges have the potential to attract dedicated collectors and traders, ensuring long-term engagement and profitability.
For more detailed insights and successful stories from niche investment platforms, check out these success stories.
How much you can make: $2,000 — $600,000/month
How long does it take to build: 180 days (?)
Equity Residences is a luxury real estate investment fund that has raised $40 million from over 200 investors, offering them access to a portfolio of luxury vacation homes for investment and personal use, with a minimum investment of $161,500 and plans to acquire a further twenty residences ranging from $1.5M to $4M.
2. Start a stock investing business ($30.3K/month)
Exploring a stock investing business aligns well with the strategic mindset of an NFT collector. Much like NFTs, stock investing requires careful analysis, trend-spotting, and precise decision-making to maximize returns. By leveraging your experience in digital assets, you could seamlessly transition to understanding and predicting stock market movements, providing an additional income stream or even building a full-fledged business.
Stock investing involves continuous learning and adapting to market changes, akin to the dynamic world of NFTs. This venture demands dedication and a keen eye, but with the right strategies and tools, it holds the promise of substantial rewards. For further insights, check out some stock investing success stories.
Why consider a stock investing business?
- You could diversify your income portfolio, reducing risk and increasing potential profit.
- Your existing analytical skills from NFT collecting can be directly applied to analyzing stock trends.
- The stock market offers a variety of opportunities, allowing for flexible investment strategies tailored to your risk tolerance and financial goals.
How much you can make: $4,000 — $160,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 90 days (?)
Ticker Nerd is a monthly subscription service for investors that surfaces and analyzes trending stocks before the hype train arrives, and now has $4.5k in monthly recurring revenue from its newsletter without spending a single dollar on advertising, having validated the business via subreddits and organic Product Hunt launch strategy.
3. Start a dropshipping business ($414K/month)
Starting a dropshipping business could be an excellent way to supplement your income as an NFT collector. Given your familiarity with digital marketplaces and online transactions, leveraging dropshipping might feel like a natural extension of your existing interests. With minimal upfront investment, you could set up an online store, curate unique products, and tap into your marketing acumen to drive sales without worrying about inventory management. Dive deeper into the possibilities and consider how this could align with your entrepreneurial mindset by exploring this comprehensive guide on dropshipping business success stories.
Why consider a dropshipping business?
- Low upfront costs make it accessible for those starting on a budget.
- Your online marketing skills from NFT trading can be directly applied to drive sales.
- Dropshipping allows you to experiment with different product niches without significant risk.
How much you can make: $6,000 — $3,000,000/month
How much does it cost to start: $8,500 (?)
How long does it take to build: 90 days (?)
Time commitment per week: Min. 10 hours/week
Entrepreneur Kamil Sattar has developed multiple six-figure drop shipping businesses, and his company, e-commerce mentoring, specializes in helping others create their own successful companies, with favorite platforms including using Shopify and apps such as Loox reviews and SMSBump.
4. Start a subscription box business ($97.9K/month)
Starting a subscription box business could be a lucrative side business or even a full-time venture for NFT collectors. By curating exclusive, themed boxes each month, you could offer unique physical items that pair well with the digital art and collectibles you're passionate about. This business model capitalizes on your deep understanding of niche markets and can create a loyal customer base eager to discover curated products.
Why start a subscription box business?
- You could leverage your expertise to create themed boxes that appeal specifically to niche markets.
- There is a high demand for subscription boxes, which means strong potential profitability.
- Your passion for NFTs and collectibles could translate into engaging marketing and customer experiences.
For more information on how to succeed with a subscription box business, visit Starter Story.
How much you can make: $400 — $400,000/month
How much does it cost to start: $210 (?)
How long does it take to build: 180 days (?)
Vowed Box Co. is a line of curated, quirky gift boxes with non-traditional brides in mind, offering four different products that have helped the business become profitable most months since its launch in 2018, with a monthly income of roughly $600.
5. Start a social media automation business ($139K/month)
Imagine managing multiple social media accounts effortlessly while driving engagement and growth. That’s the essence of a social media automation business. As an NFT collector, you could leverage your tech-savviness to create tools and services for scheduling posts, automating interactions, and analyzing data across various platforms. This enables you to cater to influencers, small businesses, and fellow NFT enthusiasts who need efficient social media management.
With the burgeoning need for consistent and strategic social media engagement, there’s a significant demand for automation. For those with a knack for technology and marketing, starting a social media automation business can be both a lucrative and fulfilling endeavor. Learn more about startup costs and profitability to get a sense of what’s involved.
Why starting a social media automation business?
- You could reach out to clients within your existing NFT community, leveraging your network to find customers easily.
- The technological skills and market insights you’ve gained as an NFT collector would be directly applicable to developing robust automation tools.
- As the NFT space continues to grow, so does the need for effective social media strategies, creating a steady demand for your services.
How much you can make: $4,000 — $400,000/month
How long does it take to build: 50 days (?)
MeetEdgar, a bootstrapped social media automation tool founded in 2014 by Laura Roeder, has grown to $4 million in annual recurring revenue and more than 5,000 customers, with a team size of two dozen, achieved through content marketing, social media marketing, and organic search.
6. Start an ai based business solution ($55.8K/month)
Starting an AI-based business solution could be an ideal fit for NFT collectors looking to expand their streams of income. Leveraging artificial intelligence in business can help optimize various processes such as customer service, inventory management, and personalized marketing. This opportunity allows you to enhance efficiency, reduce costs, and make data-driven decisions, even if you don’t have a tech background, thanks to user-friendly platforms.
The demand for AI solutions is growing rapidly, offering a competitive edge to businesses. By building an AI-based business, you could capitalize on this expanding market and innovate within your niche. For more insights, check out successful success stories.
Why start an AI-based business solution?
- AI can automate repetitive tasks, freeing up your time for more critical activities.
- It can provide valuable customer insights and accurately predict market trends.
- The growing demand for AI solutions makes it a lucrative and sustainable business opportunity.
How much you can make: $4,000 — $120,000/month
How long does it take to build: 125 days (?)
Mikkelsen Twins grew an online education company from scratch with over 800 students, making over 6-figures in profit every month thanks to their successful program, Audiobook Income Academy 2.0.
7. Start an email marketing tool ($992K/month)
Starting an email marketing tool business could be a lucrative side gig for an NFT collector looking to supplement income or make extra money. Given your existing audience, you could create and manage email campaigns targeted towards NFT enthusiasts, creators, and investors. This tool could automate your email marketing efforts, making it easier to keep your user base informed about NFT drops, market trends, and other relevant news.
Why start an email marketing tool?
- You could leverage your existing knowledge of the NFT community to tailor content, making your emails highly engaging and relevant.
- Email marketing is one of the most effective ways to generate leads and increase sales, with the market expected to reach $2.53B in 2028.
- It's a scalable business model; once set up, the tool can run numerous automated campaigns, saving you time while driving revenue.
For more insights, check out our email marketing tool success stories.
How much you can make: $120 — $20,833,333/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 180 days (?)
H-supertools founder Hasan developed a set of free SEO and digital marketing tools generating $2k per month in profit using Google Adsense, affiliate marketing, selling ad spaces, and email, plans to launch a membership option, and has attained over 80k registered users and 300k monthly visits in less than two years.
8. Create an AI writing tool ($255K/month)
Developing an AI writing tool could be a lucrative venture for NFT collectors looking to supplement their income or launch a side business. By leveraging your deep understanding of digital assets and tech trends, you could create an AI-powered content creator that meets the needs of writers, businesses, and students. This tool would use advanced algorithms to generate engaging, error-free content quickly, potentially revolutionizing the traditional writing landscape.
Creating this AI tool taps into the growing demand for quality automated content, offering you a unique opportunity to disrupt the market. It can ease the workload of countless writers, boosting their productivity and efficiency. Discover more about starting an AI writing tool here.
Why creating an AI writing tool?
- It aligns perfectly with your tech-savvy background as an NFT collector, allowing you to blend innovation with practical application.
- The demand for automated, high-quality content is higher than ever, ensuring a clear market need for your product.
- It offers a scalable business model that can grow with minimal overhead, making it an ideal side business or even full-time venture.
How much you can make: $4,000 — $1,000,000/month
How long does it take to build: 52 days (?)
Rytr, a new AI writing assistant developed by a startup platform and business incubator, has become a market leader, serving over 300,000 customers across the world and doing seven figures in ARR.
9. Start a cold email service business ($170K/month)
Starting a cold email service business can be a lucrative opportunity for NFT collectors, leveraging their digital savvy to help businesses reach new clients. This venture involves crafting compelling email campaigns, tracking metrics such as open rates, and converting prospects into customers. By using your familiarity with digital trends and online engagement, you could create consistent revenue streams while scaling your client base.
Why consider a cold email service business?
- Your strategic mindset and ability to engage through words will be key assets.
- There's a high demand for lead generation across various industries, providing a steady stream of potential clients.
- The business has scalable potential, especially if you begin by catering to small businesses and expand as your success stories accumulate.
For more practical insights on starting a cold email service business, check out the startup costs and marketing ideas on Starter Story here.
How much you can make: $4,000 — $450,000/month
How much does it cost to start: $200 (?)
How long does it take to build: 35 days (?)
GMass, an email marketing platform that allows users to send cold emails and email marketing campaigns with Gmail, has attracted over 500,000 user signups, including major tech companies like Uber, LinkedIn, and Google, and now generates over $200K in monthly recurring revenue through a successful content marketing strategy and focused ad spend.
10. Start a health and wellness app ($108K/month)
Starting a health and wellness app makes sense for NFT collectors due to the digital savvy and entrepreneurial mindset they already possess. As an NFT collector, you're familiar with cutting-edge technology and understand the potential for digital platforms to create transformative experiences. By combining this expertise with a passion for health and wellness, you could develop an app that offers personalized fitness routines, nutrition plans, and mental well-being exercises to users, all while potentially integrating innovative features like NFT rewards for achieving milestones.
Building this app involves market research, collaboration with health experts, app development, and effective marketing strategies. But the potential to positively impact lives and tap into a growing market makes it a compelling venture. If you're passionate about health and technology, this could be your path to making a meaningful contribution while building a thriving business.
Why start a health and wellness app?
- You could leverage your tech skills to create a user-friendly, engaging platform that helps people lead healthier lives.
- Integrating NFTs as rewards could set your app apart in a competitive market, attracting both tech enthusiasts and health-focused users.
- The health and wellness industry is booming, offering ample opportunities for growth and profitability.
For more information on starting a health and wellness app, check out the success stories on Starter Story.
How much you can make: $600 — $300,000/month
How long does it take to build: 200 days (?)
Founder and CEO of SelfDecode, Joe Cohen, explains how his company helps people discover personalized diet, supplement, and lifestyle recommendations based on DNA and lab tests; generating about $2.7 million in revenue over the past year and raising $8 million in a crowdfunding campaign, SelfDecode provides personalized health recommendations prioritized on unique genetic variants, marking the future of healthcare.
11. Start an affiliate marketing business ($77.5K/month)
Starting an affiliate marketing business as an NFT collector can be a fantastic way to supplement your income, especially given your online savvy and market knowledge. By promoting NFTs and related products, you could harness your expertise and passion to generate passive income through commissions. This side hustle aligns well with your existing interests and can be scaled over time as you build a network and refine your marketing strategies. For more details, check out this guide.
Why consider affiliate marketing?
- Leverage your knowledge of NFTs to promote niche products that your audience will trust.
- Create a stream of passive income by monetizing your online presence and engagement with NFT communities.
- Low start-up costs and flexibility make it easy to integrate into your current lifestyle.
How much you can make: $500 — $773,000/month
How much does it cost to start: $700 (?)
How long does it take to build: 60 days (?)
This case study explores how Spencer Mecham founded Buildapreneur, an affiliate marketing business, and has made over half a million dollars in profit with no employees, relying solely on content marketing through platforms like Facebook, YouTube, and TikTok.
12. Start a niche blog ($31.5K/month)
As an NFT collector, starting a niche blog can be a fantastic way to share your passion and expertise while supplementing your income or even building a full-fledged business. By focusing on unique and informative content, such as trends, reviews, tutorials, and interviews within the NFT space, you could engage a community of like-minded individuals and establish yourself as an authority in this rapidly growing field. Plus, you can monetize your blog through affiliate links, brand collaborations, and even digital products.
Why start a niche blog?
- You could leverage your existing knowledge and passion for NFTs to create content that resonates with a dedicated audience.
- As the NFT market grows, your blog could attract more followers, creating opportunities for brand partnerships and sponsored content.
- By regularly engaging with your readers, you could build a loyal community, which can lead to multiple income streams including affiliate marketing and digital courses.
Explore more about niche blogging: Starter Story
How much you can make: $100 — $650,000/month
How much does it cost to start: $650 (?)
How long does it take to build: 60 days (?)
Starter Story grew to 1.4 million monthly visitors and millions in annual revenue by sharing the stories of entrepreneurs. Pat breaks down the early days and how he grew the business into something that changed his life.
13. Start a niche website ($107K/month)
If you're an NFT collector looking to supplement your income, a niche website could be a perfect side business. By leveraging your knowledge and passion for NFTs, you could create content that attracts a dedicated audience. Featuring targeted articles, reviews, and marketplace trends, your website could become a go-to resource for other collectors and enthusiasts.
Link to Starter Story’s success stories shows that starting a niche website can generate significant revenue through affiliate marketing, ad placements, and even selling your own digital NFTs.
Why consider a niche website?
- You could turn your enthusiasm and expertise in NFTs into a source of income.
- A niche website offers the potential for passive income once established.
- Monetization opportunities are diverse and could provide a steady revenue stream.
How much you can make: $400 — $250,000/month
How long does it take to build: 60 days (?)
DPW (Digital Procurement World) is a fast-growing conference and community in procurement that has more than tripled in revenue since launching in 2019, capping out the year at €1.8 million, with 95% of their growth coming from inbound traffic leveraging LinkedIn and applying social selling techniques.
14. Create a mobile app ($70.3K/month)
Developing a mobile app is an excellent opportunity for NFT collectors to supplement their income and create a sustainable business. With expertise in the digital realm, collectors can design applications tailored to the growing NFT market, such as platforms for trading, tracking, or showcasing NFTs. Leveraging your unique insights into the NFT ecosystem, you could create an app that caters to the needs of other collectors, providing valuable tools or services that fill existing gaps.
Why create a mobile app?
- Mobile apps are integral to daily life, offering endless opportunities for innovation and revenue generation.
- Developing a niche app for NFT collectors can address specific needs and tap into a dedicated user base.
- With the right strategy and marketing, your app could achieve significant downloads and become a primary source of income.
For inspiration and detailed advice, check out some successful mobile app businesses on Starter Story here.
How much you can make: $1 — $500,000/month
How long does it take to build: 180 days (?)
BACH, an app that plans and books bachelorette parties, has grown from $0 to >$1M net revenue run rate in less than 6 months, gained over 100,000 users in their first 60 days, and has over 40,000 parties using the app this month.
15. Start a YouTube channel ($72.1K/month)
Starting a YouTube channel could be a lucrative side hustle or even a full-time business for an NFT collector. By creating engaging content about NFTs, you could share your expertise, review new collections, provide tutorials, and keep the community updated on market trends. This platform offers multiple revenue streams, including ad revenue, sponsorships, affiliate marketing, and merchandise sales.
Why start a YouTube channel?
- You'll build a platform to share your NFT expertise and connect with a broader audience.
- With ad revenue, sponsorships, and affiliate marketing, you could generate multiple income streams.
- Your unique insights and engaging content could establish you as a thought leader in the NFT space.
For more details, you can explore this page about starting a YouTube channel.
How much you can make: $2,000 — $333,333/month
How much does it cost to start: $5,250 (?)
How long does it take to build: 30 days (?)
This case study follows the journey of a young entrepreneur from Nigeria who started a profitable blog generating a monthly revenue of $1,500+ through sales of advertising space, sponsored posts, and information products, and shares his strategies for success including a Twitter growth challenge and guest post pitches.
16. Start an ecommerce reselling business ($83.3K/month)
Starting an ecommerce reselling business can make perfect sense for an NFT collector. As someone already familiar with digital marketplaces and transactions, you could capitalize on these skills by reselling goods and services online, thus diversifying your income sources. Since this type of business allows you to avoid production costs, you can focus on sourcing in-demand products and leveraging your existing knowledge of online market trends.
Why consider an ecommerce reselling business?
- Low initial costs: No need for heavy investment in production. Just source and sell.
- Flexibility: You can start on social media and expand to a website as you scale.
- Utilize existing skills: Leverage your market knowledge and digital transaction expertise to succeed.
For more details on starting an ecommerce reselling business, check out these success stories.
How much you can make: $4,000 — $150,000/month
How much does it cost to start: $2,999 (?)
How long does it take to build: 75 days (?)
Empyre Off-Road, an e-commerce business founded by Greg Shuey which sells aftermarket parts for Toyota Tacomas, Tundras, and 4Runners, generated approximately $100,000 a month in revenue and was able to expand its product offering, focusing on content marketing, email marketing campaigns, and organic social media to attract and retain customers.
17. Start an online course sales business ($85K/month)
Starting an online course sales business makes perfect sense for an NFT collector looking to supplement their income or create a side hustle. As a knowledgeable NFT collector, you could leverage your expertise to create educational content about NFTs, blockchain technology, and digital art. This niche knowledge could attract a dedicated audience eager to learn from someone with hands-on experience in the NFT space.
Why start an online course sales business?
- Monetize Your Expertise: Your in-depth understanding of NFTs can be transformed into a profitable online course, tapping into the growing interest in digital assets.
- Scalable Income: Once the course is created, you could generate passive income for years as new students continue to enroll.
- Satisfaction of Teaching: Sharing your unique knowledge not only generates revenue but also provides the rewarding experience of educating others about a rapidly evolving industry.
For more detailed advice on starting an online course sales business, check out some success stories on Starter Story.
How much you can make: $100 — $300,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 180 days (?)
A multipreneur shares how she built a successful print on demand side hustle, generating $120,000 per year through multiple brands spread over various platforms.
18. Start a stock photography business ($14.6K/month)
As an NFT collector, starting a stock photography business offers a unique opportunity to diversify your income streams while leveraging your eye for art and digital assets. By capturing high-quality images and licensing them for various marketing and advertising purposes, you could generate a steady passive income. Your existing knowledge of digital markets and trends can help you tailor your stock photography portfolio to meet current demand, making it easier to sell your works online at profitable margins.
Why launch a stock photography business?
- You could transform your passion for photography into a lucrative side business.
- Your skills in recognizing valuable digital assets will help identify high-demand photo niches.
- Building an online portfolio presents another avenue for passive income generation.
For more insights on starting and marketing a stock photography business, check out these tips for a successful stock photography business.
How much you can make: $1,200 — $45,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 60 days (?)
Pro Photo Studio founder Tsour Lee Adato shares how she turned a $5k investment into a business that services over 500 clients annually and makes approximately $350k per year with plans to expand and become a 7-figure business while offering advice to fellow entrepreneurs to always be innovating, learning and growing, and not to undervalue themselves.
19. Start a wordpress plugin business ($33.4K/month)
Starting a WordPress plugin business can be a lucrative venture for NFT collectors looking to diversify their income streams. By leveraging your understanding of digital ecosystems and existing market needs, you could create plugins that solve specific problems for WordPress users, such as integrating NFT galleries or marketplaces. Selling these plugins on platforms like CodeCanyon or your own website can add a steady flow of income while also reinforcing your presence in the digital collectibles space. Check out some success stories for inspiration.
Why starting a WordPress plugin business?
- You could capitalize on your existing knowledge of digital assets to create unique solutions.
- The demand for innovative and user-friendly WordPress plugins is continually growing.
- It requires relatively low upfront costs and has the potential for high returns.
How much you can make: $120 — $120,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 120 days (?)
Time commitment per week: Min. 5 hours/week
Wheely Sales CEO Josh created a lucky wheel popup that has grown revenue from $0 to $600/month in just 4 months since getting started and has attracted over 1.1 million users to his customers’ websites, all while proving that when it comes to creating a product, competition is validation.
20. Start a SEO & lead generation service ($60K/month)
As an NFT collector, you've likely developed a keen understanding of digital spaces and online trends, making the transition to offering SEO & lead generation services a natural progression. By leveraging your deep dive into NFT ecosystems, you could help businesses attract and convert potential customers through refined digital marketing strategies. This service capitalizes on your existing knowledge, allowing you to create a side business or fully-fledged enterprise while boosting your passive income.
Why starting a SEO & lead generation service?
- Utilize your digital expertise: Your experience in the NFT space gives you a head start in understanding online marketing and analytics.
- Diversify your income: SEO & lead generation services can complement your collector activities, providing a steady revenue stream.
- Market demand: Businesses are always looking for ways to generate leads, making this a continually relevant and profitable service.
For more information, check out this profitability guide on SEO lead generation services.
How much you can make: $8,000 — $200,000/month
How much does it cost to start: $3,750 (?)
How long does it take to build: 90 days (?)
A link building company co-founded by Justas Markus has grown to make an average of $35k per month in recurring revenue with a focus on delivering high-quality services through manual processes and focusing on fewer markets.
21. Develop an online survey tool ($304K/month)
Creating an online survey tool can be a lucrative and synergistic business for NFT collectors looking to diversify their income streams. With your keen eye for emerging trends and digital ecosystems, you could leverage your understanding of the digital space to develop a platform that caters to businesses wanting to understand their customers better. Given the rising demand for customer insights, an online survey tool could capture significant market interest. Moreover, as showcased by platforms like Typeform, the potential for substantial recurring revenue is evident.
If you're considering launching this venture, also check out how others have succeeded here.
Why developing an online survey tool?
- There's a growing demand for customer feedback tools due to increased digital engagement.
- As a tech-savvy NFT collector, you could bring unique market insights and innovations to the table.
- The business model has potential for high recurring revenue, as evidenced by Typeform’s success.
How much you can make: $40 — $1,600,000/month
How long does it take to build: 180 days (?)
GreenRope, a self-funded CRM and marketing automation platform with over 1,000 customers in 20 countries, was built organically and focused on creating a positive, customer-centric culture without outside investment, with an all-in-one interface solving challenges in managing sales, marketing, customer service, and operations.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
