NFTs can impact your business
I never imagined that, as a sports card reseller, I would be interested in non-fungible tokens (NFTs). But when I scanned the QR code on a pack of Panini cards and discovered their blockchain technology, I was astounded. Suddenly, I realized that the world of NFTs could have a significant impact on my business, particularly in terms of how the market reacts to a player’s individual performance and how numbered cards and releases may influence the market.
Online marketplaces and blockchain technology
The ability to track the value of a player or team in real-time is one of the major benefits of NFTs, allowing me as a reseller to make more informed decisions about buying and selling cards. With the assistance of online marketplaces and blockchain technology, I can now access real-time information regarding the demand for a specific player or team and adjust my investment accordingly. For instance, if a player has a great season, the value of their NFTs will likely increase, allowing me to sell them for a higher price. In contrast, if a player has a poor season or is injured, the value of their NFTs may decrease, allowing me to purchase them at a lower cost. A further benefit is the ability to invest in a player or team immediately after a game, as the value of NFTs can fluctuate in real-time based on the performance of the player or team. This allows me to make quick decisions based on the player’s performance, increasing or decreasing my investment as needed.
Numbered and limited edition cards
In addition, the release of numbered and limited edition cards can have a substantial effect on the market. Typically, numbered cards are produced in limited quantities, which increases their value and desirability to collectors. In addition to being more valuable, limited edition cards may contain exclusive artwork or special features not available on standard cards. As a reseller, I can monitor these releases and attempt to obtain the most valuable cards in order to resell them for a profit. One important factor is that, thanks to NFTs, the possibility of owning a numbered card is now available to everyone, regardless of location; this provides everyone with an equal opportunity to possess a valuable piece of history.
NFTs and sports card reselling
Overall, the NFT market has the potential to have a substantial impact on the sports card reselling industry. The ability to track the value of players and teams in real-time, as well as the ability to invest immediately after a game, enables me to make more informed decisions and respond swiftly to market changes, which may result in higher returns. Additionally, being aware of the release of numbered cards and limited edition cards can add value to my business of reselling. And the fact that a numbered card is now available to everyone, regardless of location, increases its value.
List Perfectly and card inventory tracking
To make the most of these opportunities, I use List Perfectly to track my inventory and assess the market performance of my NFTs. It allows me to see which NFTs are in high demand and which ones aren’t. I can also use List Perfectly to create custom marketplaces where I can track NFT sales, allowing me to determine which platforms and players are most popular with collectors and adjust my inventory accordingly.
In closing, the ability to track the value of players and teams in real-time, as well as the ability to invest immediately after or during a game, enables me to make more informed decisions and react quickly to market changes, which may result in higher returns. Also, being aware of the release of numbered cards and limited edition cards can add value to my business of reselling. Moreover, this is all accessible to anyone with a phone!
