This is How You Can Make (At Least) $600 Per Month With Sorare

A detailed strategy for earning money using popular play-to-earn NFT Game.

Sorare is a fantasy football game powered by blockchain technology.

Players (managers) buy NFT cards of their favorite football players. Then, they have two options:

1. Build up teams and enter competitions for prizes.
2. Sell their cards to other players for profit.

If you want to know in details how Sorare works, feel free to read my following story.

In this post, I am not going to discuss about the first option. Instead, I am going to explain a good strategy to buy and sell NFT cards and earn profits.

What are the requirements?

First of all, you have to register on Sorare.

🎁 If you register to Sorare using my referral link and collect 5 new cards on auction, both of us win a free card. This is a win-win game. That free card can worth hundreds of dollars.

Then, I suggest you navigate through the platform and familiarize yourself with the game in the very first days.

• Register a casual team into a competition.
• See how trading cards work on Auction and Managerial sales.
• Read official documentations of the game.

You also need to know how SorareData works. This is a very useful website we are going to use through our trades.

Finally, you need to:

• Set aside an initial investment. I recommend by starting small (e.g. $100).
• Dedicate 1–2 hours per day on the platform.

Now lets see how the strategy works.

#Step 1 — Find Undervalued Players on Auctions

An undervalued player is a player whose auction value is below its current value in the market (at least 20%). You can see the current value of the card using SorareData.

Lets see an example.

This player´s current bid is $34.21.

On SorareData, we can see that the average price of this player is $39.30.

You can also navigate through different panels in the platform and see the historical data of sales for this player. For example in the following image, you can see the 6 month sale data of the player.

Back to our strategy, you now found a player which its current bid value ($34.31) is lower than its current market value (approx. $39.30). Moreover, this player has a good potential and there are lots of buy requests in the market for him.

#Step 2 — Place a Bid in the Last Minutes of the Auction

Now it is the time to place a higher bid on this player.

You can do this using connected ETH wallet (recommended) or using your credit card.

You better to watch the bids until the last minute and place yours in the last 2 minutes.

#Step 3 — Sell the Player in the Secondary Market Immediately

If no one else outbid you, this means that you already won the auction. Congratulations!

This means that now you own a NFT card of an undervalued player.

So what next?

Now, you have several options:

• you can use that player in the competitions.
• you can wait for some time and hopefully sell the card with a much higher price.
• you can sell it immediately.

With the strategy I am explaining, I am going to vote for the last option.

You need to place the bought card immediately on the managerial sale market.

For doing this, you need to open the cards section of that player on Sorare. Then, you need to find a reasonable and competitive price for your card.

In the above picture, I sorted by price the cards listed by other managers. As you can see, the lowest value for a card is $39.30.

Lets say you bought your card on the auction for $35.00. Now, if you list your card for $38.50, then you have the privilige to offer the lowest price for this player in the secondary market. And if you successfully sell your card, you will earn a juicy 10% profit on this NFT card.

Considerations

In this story, I explained just the basics for implementing a profitable strategy using Sorare. Yet, there are lots of small details you need to consider.

• Educate yourself on both Sorare market and SorareData platform. For securing good trades, you need to watch both sides carefully.
• Do not trade players with low potential. Search for ones who performed well or have good volume in trades historically.
• Try to use ETH instead of fiat. Most professional managers on the platform use ETH as reference for trades. Moreover, you will save some commission fees.

How Profitable is This Strategy?

OK … now it comes the interesting part of the story.

You may ask how much do you need to invest? And how much you can expect in returns?

Needless to say that like any other financial market, NFT trades also are subjected to risk and market conditions.

This strategy is also depending a lot on several factors:

• your knowledge on players
• your buy and sell thresholds
• market conditions
• etc.

However, to just give you an idea:

• if you do 10 trades per day
• earn $2 profit per trade

Then:

• you will earn $20 per day or roughly $600 per month.

Again, this is just a very raw estimation. We have lots of players on Sorare earning nothing. On the other hand, there are lots of managers with 6 figure income.

Final Thoughts

Sorare is an NFT-based project. You buy the digital collectibles of the real football players. Then, according to the real performance of the players in the football matches, you will earn prizes (in fiat or Ethereum). You can also trade NFTs for profit.

Even in the bearish market, Sorare managers are making a 10x-100x profit using their digital collectibles and in-game prizes.

Moreover, there is no time better than NOW to know more about the project and start using it. Here are the top three reasons:

1. European Leagues are on summer break; Therefore the players’ NFT prices are dipping.
2. World Cup 2022 is approaching. Sorare will be very popular during that time.
3. Sorare already made partnerships with all major leagues around the world. If you enter these days, you still have the first-movers advantage.

🎁 If you decided to register to Sorare, please consider using my referral link. That way, if you collect 5 new cards on auction (and not from other managers), both of us will win a free card. This is a win-win game. That free card can worth many dollars, and you can use it as part of your lineup in the competitions.

In this story, I tried to explain a good strategy to earn money using Sorare. If you want to explore more options, feel free to read my following post, as well.

This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions.

And one final thing:

`If you are interested in reading my similar posts in the future, please consider joining medium with my referral link. If you sign up using my link, I’ll earn a small commission and you will have unlimited access to the content from all medium writers. That way, you will support me and your other favorite writers on the platform. Thanks.

New to trading? Try crypto trading bots or copy trading