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When I got into the world of marketing I couldn’t believe how rich and vast this industry is. From offline marketing to digital marketing — each contains dozens of different niches, and mastering even a single niche could take years.
One of the most fascinating and challenging ones by far is Blockchain Marketing.
Blockchain Marketing does not have to be complicated. This guide summarises everything you need to know about launching a successful marketing campaign into one straightforward page.
Over the years, I’ve had the chance to work with many different blockchain companies, from ICOs to STOs, IEOs, and Web3 projects.
While this guide may take a few minutes to read, the knowledge and insights you’ll gain can be invaluable, potentially saving your company both significant time and money. Plus, if you prefer to learn on-the-go, we also added a video format of this Blockchain Marketing guide below.
So don’t hesitate any longer, let’s dive right in and get started on optimizing your marketing strategies with the latest Blockchain Marketing techniques.
What Is Blockchain Marketing
Blockchain marketing is a multifaceted process designed to enhance brand awareness, drive traffic, cultivate communities, secure investment, and establish authority within the crypto ecosystem.
Distinct from traditional digital marketing, blockchain marketing necessitates a unique approach due to the various regulatory constraints and platform restrictions often encountered during the ICO/STO/IEO phase.
Notably, major platforms such as Twitter, Google, and Facebook initially prohibited PPC campaigns for blockchain projects, prompting marketers to innovate and adapt in their traffic generation strategies. Furthermore, the growing number of blockchain projects vying for attention in the same spaces has made traffic acquisition increasingly competitive and costly.
In recent years, the blockchain industry has witnessed significant evolution, with the emergence of Web3, NFT, and metaverse projects introducing new marketing opportunities as well as challenges. To execute successful blockchain marketing campaigns, it is essential to establish trust and credibility within the community while adapting to these cutting-edge trends and technologies.
Despite the inherent challenges, well-executed blockchain marketing campaigns can deliver substantial returns, enabling your project to distinguish itself from competitors and attract potential investors and customers.
Our expert guidance will empower you with the knowledge and skills necessary to navigate the intricate blockchain marketing landscape and harness emerging trends and technologies to achieve your marketing objectives.
The Benefits of Implementing a Marketing Campaign for Your Company
f you visit CoinMarketCap and explore the top 1000 projects, you will quickly realize the vast number of competitors in this market. Each one claims to be the next innovative project poised to revolutionize a specific industry.
With so many competitors targeting similar audiences, it’s vital to consider how you can differentiate yourself. Why should someone invest in your project or utilize your technology instead of one of the countless alternatives?
This is where marketing becomes indispensable. The power to communicate your ideas, vision, and technology effectively, and demonstrate to both the crypto community and those outside it why your project is the superior choice, is crucial to your success.
Rest assured, merely publishing a few sponsored articles won’t achieve this objective. A comprehensive strategy is essential.
Consider the PR strategy aspect alone: brainstorming, researching, analyzing, planning, executing, and measuring whether you’ve reached your goals are just small components of the larger picture known as blockchain marketing.
You will need to master marketing activities such as content writing, PR, SEO, and content distribution. By doing so, you will reap the benefits of blockchain marketing: from exceptional exposure, becoming a thought leader within your niche, enjoying higher acceptance rates for your articles in Tier 1 publications, to conducting AMAs with various communities eager to hear your insights.
All of this can only be achieved after undergoing the processes outlined above.
Important Social Media Channels For Every Blockchain Marketing Campaign
There are hundreds of different social media channels, most of which you don’t even recognize.
There’s a small misconception among many companies that try to be active on as many platforms as possible.
From my experience, this usually leads to an elementary level of marketing on each network. This results in making your company lack a unique voice across different marketing channels.
The channels I recommend you to use for your marketing campaign are:
Let’s dive into each channel and understand the right way to use it in your blockchain marketing campaign. Those channels are relevant for all the different fundraising methods. ICO, STO, IEO, and even IDO marketing and PR campaigns.
By far, my favorite channel. Reddit is one of the largest social media websites in the world. Unlike Facebook, Twitter, or LinkedIn, Reddit is all about communities – known as subreddits. Some communities have millions of members who are passionate about a specific topic.
In /r/cryptocurrency, for instance, there are over 6.2 million members (As for March 2023).
You can find dozens of active crypto communities on Reddit. By having a strong brand presence in those communities, you can drive insane amounts of traffic to your domain and get the crypto community to know about your blockchain company.
With 1.6 billion page views per month (As for March 2023), Reddit should be the highest priority social media channel on your list for your blockchain marketing campaign.
Steemit is the largest and best known decentralized social media channel. Users are being rewarded with STEEM for publishing and curating content.
With 7 million page views per month (mostly from users who care about crypto), Steemit is an essential social media blockchain technology for your marketing campaign.
Even though most of the traffic is from the USA, it attracts many visitors from Asian countries too, mainly South Korea.
BitcoinTalk is where everything started. It’s the first Bitcoin community, created by Satoshi Nakamoto in 2009.
For years BitcoinTalk was at the heart of the bitcoin community. Over the years, the forum became less active, and nowadays, BitcoinTalk still attracts millions of visitors per year, but it seems like it has lost some of its former glory.
You should use BitcoinTalk to tell the community about your blockchain company in an ANN thread. Make sure you read the BitcoinTalk guidelines before posting.
Most of you probably visit Quora a few times per month and don’t even notice.
Quora is the largest Question and Answer site in the world (Q&A). Besides the fact that this site is extremely useful, and people like it, there is another great thing about Quora.
Search engines love it. Quora ranked 1st place on Google for more than 327,368 results.
That’s a serious superpower.
By understanding which questions rank highly and answering them, it’s possible to drive high-quality traffic to your site. If you’re wondering how to gain high-quality traffic to your website, look no further than using Quora as part of your marketing efforts!
Facebook, LinkedIn, and Twitter
Since you’re probably already familiar with Facebook, LinkedIn, and Twitter, I will keep this short. If you’re wondering how to use social media to boost your reach, I suggest having a unique tone for each site.
For example, LinkedIn is more formal than Twitter and is a more B2B-oriented platform.
On Twitter, you should update your community and make sure you partner with other influencers and companies within your niche.
It’s enough to have one strong social media manager to boost your exposure on these platforms.
How Much Does Blockchain Marketing Cost?
You may have noticed a significant difference between the costs of traditional digital marketing campaigns and those of blockchain marketing.
In the past, blockchain marketing campaigns could easily cost five times more than their digital marketing counterparts simply because they were focused on blockchain technology.
As a marketing service provider for blockchain companies at GuerrillaBuzz, I have found this disparity to be quite surprising. We have encountered clients who spent $50,000 per month on a marketing campaign that yielded no ROI and received inadequate attention from their service provider.
In my experience, a reasonable blockchain marketing campaign can range from $5,000 to $20,000 per month. Naturally, these costs may vary and can be lower or significantly higher (we have seen campaigns with monthly budgets of $80,000), but they should be tailored to the client’s budget.
Moreover, the marketing agency should commit to specific deliverables for the client. Before researching marketing costs online, consider how much you are willing to spend per month.
I recommend focusing on a long-term marketing campaign rather than a short-term one. Your budget may change over time; for example, increasing PR spending right before fundraising could be a strategic move.
However, halting all marketing activities immediately after fundraising is ill-advised. Instead, aim to allocate a consistent marketing budget each month in your overall plan.
You can adjust this budget to accommodate special milestones, announcements, events, or new feature releases. Ultimately, it’s crucial to find the right balance that will enable your marketing campaign to last as long as possible and become a regular part of your expenditures.
This approach will help your project grow and maintain momentum in the long run.
Blockchain Marketing KPIs
Every company that respects itself must continuously measure certain KPIs to make sure they keep growing.
Key Performance Indicators (KPI) can evaluate your campaign’s success from the organization/company’s perspective.
It means you’ll need to turn certain actions you perform throughout your campaign into parameters you can measure.
Then, you should constantly track the progress of those parameters to determine if you’re doing well.
Since your CEO will urge you to justify each dollar you spend on marketing, KPIs will become your best friend (or worst enemy, depending on how you look at it).
So what are the blockchain marketing KPIs you should track?
- Branding and Brand Awareness
- Organic Search and SEO
Let’s dive into each one of those KPIs to understand how to measure them.
Traffic should be the sum of all your marketing efforts.
This traffic can serve different purposes, like getting people to know about your company (brand awareness) and improve your overall site ranking (SEO). Still, the main reason is usually any acquisition.
From signing up to your IEO or start trading in your exchange, traffic can help with all the above if done correctly.
You should target traffic to your site so that relevant people with a purpose flock to your content.
You can measure your site traffic using Google Analytics or other more privacy-focused alternatives.
Branding and Brand Awareness with Blockchain marketing
As your company grows, one of your goals will be recognition within your niche and beyond.
Brand awareness is about people’s perception of your company, product quality, services, and even your employees.
Not everyone who sees your company name or logo and visits your site will become a customer.
But what if you could make such a remarkable impression that makes people remember your company name and what you do?
That’s what branding is about.
And if you make your target audience see mentions of your company repeatedly in a positive context, that’s where brand awareness kicks in.
Try to highlight the importance of branding and brand awareness in your marketing campaign. This will help potentially mark your company as a market leader over the years.
One way to track your brand awareness is by monitoring the internet and getting alerts whenever your company name appears online.
You can do this by using Google Alerts.
In the ‘How often’ box, select ‘As-it-happens’ and in the ‘How many’ box, change it to ‘All results,’ then insert your email, and voila! You will get an alert from Google in your mail every time someone mentions your company’s name. If you want to monitor brand awareness, this is where to begin.
Organic Search and SEO
Most blockchain companies don’t care about SEO. Very few understand how important content and SEO strategy are in their blockchain marketing campaign plan.
I find it strange.
Site Engine Optimization (SEO) is about understanding what the Goole algorithm and your target audience like.
It’s about creating great content without asking users to sign up or leave their email. It’s about having a different marketing approach.
Not every dollar you spend should show you ROI right away.
In some marketing channels, it could take months.
Writing great content, understanding what triggers your target audience, getting this content ranked, and building backlinks is a very long process.
Starting with crypto SEO at an early stage is a great decision, but even if your company has been around for years, and you only realize how important this is now, no worries.
It’s never too late for Google to like you.
So how can you track your organic search and SEO progress?
Use Google Search Console(GSC) to track your organic search growth.
And tools like Ahrefs can help you track your backlinks, check how well your competitors are doing, find new keywords opportunities, and stay on top of your SEO game.
Blockchain Marketing Best Practices
While working with dozens of blockchain companies over the years, I’ve noticed that many companies make the same mistakes.
We could run marketing campaigns for half a year, and then once our campaign finishes and the company starts to run their own in-house marketing team, they begin to repeat their mistakes. Don’t fall into this trap!
We aim to give our clients both guidelines for marketing campaigns and also their marketing services. This helps them step up their game and run their marketing campaigns by themselves.
A big part of helping our clients raise more than $200 Million was that we worked hard to change our client’s approach to blockchain marketing. This showed significant results in the long run.
I decided to write down a few of those guidelines and share them with you. It can potentially save you thousands of dollars and precious time.
Focus on SEO From the Early Stages
We’ve already spoken about SEO’s importance, and now I’d like to highlight the timing. If by any chance, you just started working on your company, I’m sure that marketing isn’t one of your top priorities. You need to build a superb product and get your company running.
So when will you start with SEO?
Probably when it’s already too late.
I mean, it’s never too late to start with SEO, but it’s also never too early.
Try to start creating great blog articles from the early stage. This will put you in a much better position a few months down the line. If you’ve done your content research, you’ll be generating lots of traffic.
This chart shows how long it takes (in days) for pages to get to the top 10 results on Google. I recommend starting with SEO and content creation at the very beginning. It might become your primary traffic source within a few months if done right.
As we discussed in the second chapter of this guide, a few relevant communities in the crypto ecosystem exist.
Each site has different audiences that prefer a specific voice or tone. The approach you use on Linkedin might not work on Reddit.
Mastering each site takes time. So what should you do? Prioritize. Understand which site is ideal for your company at the moment.
For example, different social media sites are good for different things. In the early stages where you need client reviews, Reddit will be much more relevant than Facebook or LinkedIn.
If your company is about to go to a big conference in a few months and you want to maximize the potential of that conference, use LinkedIn, track relevant leads, and book meetings in advance.
Each network has its pros and cons, and your job is to understand which one is the most relevant.
If your company has enough resources to focus on all the different sites and social media channels, do it. But if it’s not possible, understand which site you should be active on and when.
Maximize Your PR Potential
Many of the companies who approach us after running their PR campaign tell us that one of the reasons they’ve spent so much on blockchain PR was to have logos of large publications on their homepage and in their pitch decks.
I do think that when large publications mention your site, this can make your company gain credibility in the eye of your target audience. Still, if that’s the only benefit you’re looking to get from these actions, you’re missing the point.
By combining your PR efforts with Content Strategy and Distribution, you will maximize each article’s impact mentioning your company.
Don’t Buy Your Community, Earn It.
It might be an unpopular opinion since many blockchain companies and even marketing companies are doing it, but buying fake followers for your social media channels is lame.
In 2018, it was very common for ICOs to have a Telegram group of 90,000 people but with zero group interactions. No one was commenting or talking about the project, besides fake accounts and group moderators.
So why do so many companies do it?
Blockchain companies know that their social reach is an indicator investors are using to decide if a project is worth getting into. But since the ICO boom of 2018, a lot has changed.
Investors have become a lot more suspicious towards blockchain projects, and ICOs have lost their credibility in the public’s eye.
Nowadays, Twitter profiles, Telegram groups, or any other social media channels with fake followers can make your company lose its credibility. I strongly recommend you not do buy fake followers.
A Telegram group with 1,000 active members is a lot better than an inactive one with 50,000 fake members.
Empower Your Blog
Once you understand the importance of SEO, you need to decide on your content strategy. One of the first decisions should be where you will publish your content.
Many blockchain companies are using Medium as their blog or the main channel where they publish their articles.
That isn’t effective.
After working with my startups and also blockchain explorers and companies over the years, I noticed that it’s only in the blockchain world that companies are using Medium as their blog.
Why do companies use Medium?
With the advance in the crypto market’s growth in 2017, companies needed to find a fast way to get their content indexed and ranked in no time.
Building a site, designing a beautiful blog, and creating great content is hard and takes time, which ICOs didn’t have.
To solve this problem, they used Medium as their blog.
When you submit an article to Medium, it could get indexed and ranked within days if done right.
When we compare it to the many months it would have taken content in your blog to get ranked, Medium seemed like the perfect solution for those ICOs.
The funny thing is that even after the ICO ended, companies still kept Medium as their primary channel.
The problem is that creating content on Medium gives almost no value to your domain and the traffic is usually close to none.
If 1,000 people visit your Medium articles every month, maybe 3% will continue to your site.
But what if you could have all those 1,000 people visiting your site instead?
That’s why I urge you to have a blog on your site and keep the power in your hands.
The right way to combine Medium in your blockchain marketing strategy is to launch your company announcement and resubmit your content on Medium using canonical links.
How is Blockchain Being Used in Marketing?
Blockchain technology has already found a home and multiple use-cases in multiple areas of the marketing world, similarly to what the technology has already done for a large variety of sectors and the benefits are not only restricted to consumers, businesses also have avenues to benefit from the utilization of blockchain technology to create savings and improve their own profitability.
Simplifying Ad Spending
There are already companies out there that have started to develop and experiment with blockchain technology to make digital ad spending easier and more democratic for publishers. For example, global giants IBM and Unilever have both taken strides to improve ad spending within their reach by utilizing blockchain technology.
Within this blockchain project, there is a verified and completely transparent chain for every single cent of advert spending down to the end-user. The end result of the project so far? Unilever has managed to save tens of millions of dollars as a result and it provides a workable use-case for blockchain in marketing.
Preventing Click Fraud
Click fraud has been a notable problem relating to paid advertisements for a long time now, and blockchain technology has the answer to this problem. What is click fraud? When adverts are on on websites, these websites receive payment based on how many people click on the displayed adverts. In click fraud, a person, or a program will imitate a genuine website user and click on the ads without there actually being a person that’s interested in the ad.
This is obviously a problem for marketers and those running the ads, as they’re forced to pay out more money to the websites hosting the ads, even though they’re not actually getting any additional benefits from the adverts on the website in question.
So where does blockchain technology come into this? Due to the transparent nature of blockchain transactions, it becomes much more difficult for a click fraudster to falsely imitate a genuine website user. There have also already been case studies into the effectiveness of blockchain in marketing, with Lucidity’s blockchain pilot partnership with Toyota yielding an increase of 21% in regards to campaign performance.
How is Blockchain Revolutionizing Marketing in 2023 and Beyond?
As has been previously stated, companies have already managed to reap some very real benefits from the implementation of blockchain technology into their marketing efforts, but what about the benefits to customers? How is blockchain revolutionizing marketing in 2023 and beyond for those people? Thankfully, the answer to that question is, quite a lot!
Putting People in Control of Privacy
Let’s be honest, digital advertising is incredibly hit and miss if you’re the end-user. Sometimes, you get shown things that are actually right for you, something that you’d been searching for but couldn’t find, and that’s brilliant! Despite this, a lot of the time, digital advertising can be very intrusive for the end-user, and in the worst cases, people’s personal data is sold and bartered for, right under their noses!
A solution to this is the Brave browser. This is a specific web browser doesn’t automatically assume that the user wants to see ads, have their data sold, and be bombarded with stuff that they might not want. Instead, with Brave Browser, you can opt-in for advertising and in return for this, you get Basic Attention Tokens, which are alt-coins that have a small monetary value.
Improving Transparency in Consumer Spending
In the modern world, people are more conscious about the brands that they interact with and they want to buy from companies that are honest and transparent. For example, people want to know if the item they’re wanting to buy was manufactured within humane conditions, where workers’ rights are respected, and whether the items are organic and actually safe for use or consumption in general.
Thankfully, with blockchain technology, companies and end-users can both find the solution to this growing problem and begin to ensure products are created in an ethical manner. For example, take food items. With blockchain technology, a company will be able to find out some key information about how the necessary components are produced. For example, they would be able to find out where they were produced, how they were produced, and whether the workers are being paid fairly.
Running a blockchain marketing campaign is a difficult task. Still, with the right planning and a great marketing team or expert marketing agency, you can drive thousands of people to your site, position your company as a market leader, and reach your company KPIs.
Frequently Asked Questions (FAQs)
Blockchain marketing definitely doesn’t seem easy at first. You’re likely to still have plenty of questions on your mind. Hopefully, this section will cover some of your main worries.
How long does a blockchain marketing campaign take on average?
Effective marketing is critical for any blockchain project’s success. To achieve sustained growth, community engagement, and investor trust, it’s essential to establish a strong marketing foundation from the outset. Regardless of the project type, a clear brand identity, loyal community, and positive reputation are all essential components of a successful marketing campaign. Moreover, effective marketing should be viewed as a long-term investment in your project’s success.
While some marketing activities may yield results in the short term, sustained efforts over time are necessary to build a strong investor community, attract new visitors, and showcase your project’s strengths and unique selling points. Therefore, limiting marketing campaigns to a specific timeframe can be counterproductive.
Ideally, marketing should be integrated into the company’s activities as a fundamental growth strategy, with sustained efforts across social media engagement, content creation, community building, and positive PR outreach.
With expert guidance and a strategic approach, your blockchain project can stand out in the competitive blockchain industry and achieve long-term success. A well-executed marketing campaign that establishes a clear brand identity, builds a loyal community, and earns investor trust can help you achieve sustained growth and success in the blockchain ecosystem.
How is Blockchain changing Digital Marketing?
When people initially find out about blockchain, their mind goes straight to cryptocurrency. While this is normally the case, blockchain also has more diverse applications.
Blockchain is about creating a public and permanent record of exchange. These will be traceable, holding businesses and individuals accountable.
But how does this impact digital marketing?
First of all, it’ll be much easier for small companies to build trust. Currently brands become obsessed with building social proof and rising to popularity. But, this won’t always be the case. As blockchain rises into the mainstream, transactions will become more transparent.
Due to this, people’s online safety will increase as scam websites will become few and far between. This will make it easier for small companies to grow.
With the rise of blockchain, new currencies will also start to be accepted. From Bitcoin to Ethereum and everything in between, traceable currencies will become common.
With these changes, we’ll be entering a whole new era of digital marketing. one that is safer, and even perhaps less competitive, than before.
To summarise, here are a few key changes:
- It will become easier for small companies to build trust
- Transactions will become traceable and more transparent
- Online safety will increase
- Paying with new currencies will become common
How does Blockchain help marketers?
While blockchain technology represents a record of transparent, secure, and unalterable exchange. Due to the near-zero transaction fees with blockchain, you’ll soon be saving money on exchanges.
As blockchain grows, it will also begin to cut out the middle man. Instead of marketing through an agency like Facebook, blockchain will allow direct advertising. A company may offer a user a small amount of money to use their app. While on their app, they’ll receive targeting advertisements.
Instead of working through a middle man, blockchain will allow you to advertise directly to your audience. This will cut down on marketing fees in the long run, and allow you to take a target approach.
What does Blockchain mean for marketing in the future?
This means that marketing will move away from services like Google and Facebook. These two giants will no longer have a duopoly in digital advertising. Blockchain marketing will level the playing field, letting marketers work for less.
As blockchain rises in popularity and accessibly, NFTs will come into play. For example, KODAKOne recently launched across the world. This blockchain service allows photographers to own the rights to their own work. Instead of accessing the photos indirectly, blockchain will ensure that whoever owns work always gets paid for its use.
This will cut back on scams, fraud, and the theft of intellectual property.
How do I choose the right Blockchain marketing agency?
There are three central things to watch for when looking for a blockchain marketing agency. Make sure the agency you pick has:
- Case Studies to their name
- Ample Resources
Without case studies, a blockchain marketing agency cannot prove its worth. Without evidence to back up their proposed results, you don’t know if they can deliver. We recommend that you make sure your agency has already completed campaigns.
For example, here at GuerrillaBuzz, we’ve got a whole host of case studies for you to read through. You’ll be able to see how effective we are by following actual real life past examples.
Don’t trust blindly, be sure to check out a blockchain marketing agency’s past work.
Much like case studies, a blockchain marketing agency should have some reviews. Social proof is a hot commodity in the digital landscape. Be sure to look out for things such as:
- A list of past clients
- Customer quotes
- Longer customer reviews
If an agency has a page of testimonials, you’re probably on to the right track.
One of the primary strategies for digital marketing is producing content. If your blockchain marketing agency doesn’t have their own content, they’re not following their own advice. A company that fails to produce content that is of a high-quality and offers insight isn’t producing any value for their users.
Be sure to search for a blog page, where there should be plenty of articles. Even better if they’ve especially got articles for the type of marketing you’re looking for!
Here at GuerrillaBuzz, we’ve got it all. From stellar reviews to case studies that document our excellent digital marketing strategies, we’ve got a history of happy customers. Get in contact today for a free consultation.
What is Blockchain?
Blockchain is a technology that enables secure and transparent record-keeping by ensuring that data is difficult to modify retroactively, thereby reducing the risks of hacking and system manipulation. Instead of relying on centralization, a blockchain employs a decentralized distributed ledger that is shared across the entire network.
For example, if someone attempts to alter an existing block within the blockchain, this modification would become visible to all other participants on the network. In order to compromise a blockchain, an attacker would have to modify every block in every version of the network simultaneously.
This feat is virtually impossible to achieve, making blockchain a highly secure and reliable system for storing information.
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