NFT Marketing : A Complete Guide to Customer Queries & Various Strategies
This blog serves as an eye-opener to all your queries about selecting an NFT marketing agency & strategies to advertise your NFT products to the world.
It can be tricky when it is time to promote your NFT products. It is very important to know clearly how you would be executing your marketing strategy. You might have many doubts running through your mind while choosing your NFT marketing service provider. Sometimes, you may get skeptical about hiring a service provider to market your product. This blog serves as an eye-opener to all your queries about selecting an NFT marketing service firm to advertise your NFT products to the world.
What is NFT Marketing?
NFT marketing is the work of promoting NFT-based assets to the public, including NFT and crypto enthusiasts, through various means. Both conventional and contemporary marketing tactics are used to market non-fungible tokens.
How Does Guidance Play an Important Role?
Getting appropriate guidance is an important aspect when discussing marketing NFT products as there are only a few agencies have vast experience in advertising successful campaigns on such products. A great marketing agency can offer valuable insights for your promotion plans, even if you go to them to get some tips.
Do My Marketing Requirements Have a Say?
Your marketing requirements also have a big role in deciding what level of promotions your NFT products require at the moment. A popular NFT product firm releasing another version of the same NFT might need fewer promotions than an NFT coming up from a smaller business for the first time.
Should My Promotions Have Updates 24/7?
Promotion campaigns need to be active round the clock, as people live worldwide, and reaching them within some fixed time per day would be impossible. Frequent updates day and night on how your advertising campaign has performed can be traced easily through advanced marketing analytic tools. You can plan accordingly on proceeding further from the derived data or change plans if feasible.
How Do I Frame My Marketing Flow?
Before even you start marketing, it is essential to have a marketing flow planned, as it will give a clear vision during every stage of the promotional campaign and can serve you well even if the plans did not go your way. The process involves strategic marketing analysis, marketing-mix planning, marketing implementation, and marketing control. Apart from all these processes, every work planned should be included in a dedicated flowchart, which serves vital during execution.
Marketing For Different Projects
NFTs
Marketing NFTs requires broader perspectives as it is still a novel concept. You should be able to mention how your NFT items are special and what kind of privilege a buyer might get, along with the future plans of your business with the NFT product. You cannot simply launch an NFT and leave buyers without any benefits.
Games
Blockchain-based play-to-earn games have been gaining popularity by the day. While promoting such games, you must mention how the game would reward the players, along with the theme of the game and exclusive offers for early supporters.
DeFi
Decentralized finance (DeFi) applications have been gaining prominence slowly, aiming to replace the traditional finance systems. Promoting for a DeFi business, such as an exchange or a lending/borrowing platform, should be done accordingly, as they have different applications. You should be advertising the features available in your platform and emphasize special attributes that you focus on or the solutions you provide to a current issue.
Crypto Projects
Promoting your crypto-based projects such as crypto exchanges, cryptocurrencies, and the like can be done through various strategies. You should be advertising how your project gives a solution to an existing problem or how many added features the product has. Caution should be taken as promotions for projects working on crypto-related applications are increasingly regulated, and not following those might prove to be a bad move.
ICO
Initial Coin Offering (ICO) is a kind of capital-raising strategy used by crypto entrepreneurs. There are dedicated platforms called launchpads that assist with the process. If you are promoting an ICO for your new company, tell your prospective investors what utilities they would get after they buy your tokens, along with your company’s vision. If you are advertising for an ICO launchpad, let your future clients know how you could ensure a successful fundraising campaign for their startups, along with the special features that your launchpad offers to the users.
What are the Benefits of NFTs for Marketers?
NFTs are another way for marketing professionals to easily promote their clients’ products due to their unique quality and fool-proof nature. Also, non-fungible tokens can become more than digital collectibles, which only increases the duty of marketers. NFTs give marketers another opportunity to learn the existing marketing tactics in newer ways as a conventional approach does not work well for futuristic technology.
How Much Does It Cost to Create an NFT?
Expenses involved in creating an NFT are purely based on how you plan to make it and the nature of the NFT itself. The costs can vastly vary with different NFTs. Also, it depends on how you decide to mint it — whether through a marketplace platform or a standalone minting tool. Also, it varies with the features of the actual product as costs can differ between an NFT artwork and an in-game NFT asset.
Suggestions from Our Side
A suggestion that can be considered before starting to promote your NFT products is to have a solid plan with several alternatives if the main promotion plans do not generate enough reach. Also, consider hiring an established marketing firm with vast experience working with NFTs, as their expertise in the field would make your work easy at an affordable cost. Also, ensure your NFTs have some utility or the other so that the product sales soar up.
Role of NFT Marketing Services and Their Significance
A marketing services company working on NFT checklists would have extensive knowledge of NFTs and the underlying technology and make the audience understand how NFTs could shape the future of the internet. Also, assembling an in-house marketing team that has experience in such a newer field would be a rare feat to achieve and would cost a lot. On the other hand, hiring an NFT marketing services company would lessen your work as your NFT products reach the intended audience while spending a comparatively lower cost for the campaign.
Privileges of Choosing an NFT Marketing Company for Promotions
While choosing a marketing firm that knows NFTs may be a privilege in itself, choosing the right firm can elevate your business to the top with its proven promotional tactics. An NFT marketing company can reduce your stress on generating buzz for your product as they employ various tried and tested strategies that assure a massive reach. A marketing firm with expertise in NFT promotions can market your NFT products by utilizing the following NFT marketing tactics.
PR Strategy
Although mainstream media (TV, Radio, Newspapers) are known to take sides on global issues, one must not forget that these still exist and reach any corner of the world. Therefore, using public relations strategy that works out well for both sides is essential as you might end up getting support only if you could make them understand all the facets of your NFT product clearly. An NFT marketing company can offer affordable PR services with excellent quality.
Discord and Telegram Marketing
Although there are no special marketing tools available currently, Discord and Telegram serve as the hotspots where crypto and NFT enthusiasts thrive. The main reason? The features that are available on these community-based messaging platforms.
Discord has servers, and Telegram has channels, which are similar in general. There are many more features available in Discord, such as dedicated channels inside servers where users can mingle with like-minded people and bots for various applications, including chatbots, games, and music.
Also, the possibility of a business owner participating on other servers/channels while managing their own channels opens the possibility of subtle promotions that were previously unthought of. A professional NFT marketing firm can offer advice on utilizing Discord and Telegram for NFT marketing purposes.
Influencer Marketing Strategy
Influencers get top-range attention in the era where social media creates a star each day, mainly due to their antics. Their primary skill may be anything, but they have become influencers on leveraging those skills and marketing products. Nowadays, more and more influencers are jumping into the NFT bandwagon, so it is important to choose an influencer who has a fitting profile to promote your NFTs. A firm with experience in promoting NFTs would be able to involve suitable influencers for your NFT products as a part of your campaign,
Social Media Marketing Strategy
As the people who use social media have increased in the last few years, those platforms have become important tools for an advertising campaign. NFTs are no exception, and they can be marketed through running a page and groups where you post insightful, interactive, and informative content relating to your NFT products. You can also engage in interactions once in a while as it gives a personal touch to your audience. A marketing company specializing in the domain can accomplish such marketing through various social media platforms.
Paid Advertisements
With the rate that the internet is growing in the current age and the data in the hand of corporations running internet-based applications (including social media apps), paid advertisements are a great option for marketing NFTs. Google, Bing, Facebook, LinkedIn, and other platforms offer paid promotional options for varied tariffs. These can have a huge impact as the reach would be massive, particularly among millennials who might invest in your NFT products. An experienced advertising company would tap those options to market your NFT items effectively.
Listing Your NFTs
While listing your NFT products might not look like a promotional strategy, it helps market your products to an extent. Listing your NFTs on major NFT marketplaces such as OpenSea, Rarible, Solsea would reach the users of the marketplaces. By correctly utilizing these marketplace portals, you can even have the attention of the software that could place your products on the homepage, generating huge awareness. Assistance for such services can be offered by a company with expertise in marketing NFTs for a long time.
Intrigue Audience Visually
Since times unknown, visual media has attracted more people than any other means, and the same stands true when advertising your NFTs. Leveraging video-based platforms such as YouTube and TikTok with infotainment content relating to your products would be the easiest way to capture audiences across various demographical divisions. An NFT video marketing firm can help you utilize these platforms by creating great videos which convey all about your NFT items to the world.
Content Marketing Strategy
Writing has been a powerful strategy since times unknown and has contributed to many events across history. Today, almost all the written content is about marketing various products, and NFTs do not escape from the list. Their relatively new nature with many unopened avenues means a lot of knowledge sharing and promotions can be done through appealing blogs. Various blogs such as guest blogs, official blogs, and news blogs can serve as marketing weapons. An NFT marketing agency with creative bloggers can show your NFTs globally with some creatively crafted insightful blogs.
Email Marketing Strategy
Being another inseparable facet of the internet, emails can be utilized for marketing through promotional messages and newsletters. These typically involve interesting captions and convey the message across in fewer words. Placing suitable external links can prove to be a greater opportunity to generate engagement for your NFT product’s marketplace page. Creating such exciting personalized emails and newsletters can be done quickly by a promotional agency specializing in promoting NFTs.
Online Reputation Management (ORM)
Your reputation matters a lot when you are online, and it can change within moments, particularly while coming to NFTs and related products. To effectively manage your online reputation by showing yourself as a positively spirited NFT business, a marketing management firm with full knowledge of NFT products can help you with every step of the process, making life easier.
Brand Partnership
When it comes to NFTs, partnering with brands is very important as the reach will be huge and more people would buy your NFT items. Currently, brands are looking to jump into the NFT space, so getting a brand partnership would not be very difficult compared to the time before NFTs. Still, to make your dream of a brand partnership for your NFTs true, approaching an NFT marketing services firm can be a beneficial move.
Ask Me Anything (AMA) Sessions
Ask Me Anything (AMA) Sessions on your company site or social media handles can be a great gesture to make your customers and followers feel welcomed. While you can answer your audience’s queries, you can also promote your new NFT products during the session and add excitement among your followers. A professional firm with experience handling AMA sessions for NFT items can assist you with the whole process.
Utility
Nowadays, NFTs are just more than digital art collectibles. They need to have some utility even to be noticed by the NFT community. Enabling utilities such as exclusive access to events, future airdrops, stake, and governance options would be a huge move to promote your NFT items as these speak for themselves. An advertising firm with full knowledge of utility NFTs can assist your marketing campaign.
Giveaways
Another method for ensuring your NFTs have a greater reach is conducting giveaways through your social media handles once in a while. Generally, these involve the following steps: Like, Share, Tag. The contest winner is selected through lottery software to ensure the process is unbiased. Although conducting giveaways needs a lot of planning in advance, these serve as a great marketing tactic at the expense of your followers. Such events can be hosted fluently by an NFT advertising agency.
Create Valuable Whitelists
When it comes to launching your NFTs, having a valuable whitelist is important as it shapes your future. Early adopters should be given huge benefits to serve as evangelists without much expenditure. Whitelisting is a difficult process, and an NFT marketing agency can aid you with the best whitelist to have customers who would serve as indirect marketing weapons.
Community Engagement
Apart from participating on social media and messaging platforms, it is important to interact on Reddit, Quora, and CryptoTalk, where NFT and crypto supporters dwell in large numbers. It can simply be an answer or a new thread, and through external links, you can ensure a wider reach for your NFT business. Such interactions can be handled easily by professionals in an NFT marketing company.
Engage in Clubhouse
The clubhouse is an upcoming audio-based interaction platform where people can interact in chat rooms on various topics. It is also becoming popular among NFT supporters, so you can devote a separate space for your brand and participate as an individual. Anyway, marketing should be done subtly to earn respect and support from the wider community. To create good plans for promoting your NFTs using Clubhouse, consider talking to a marketing agency with a wider knowledge of the NFT community.
Partner With an SEO Agency
With the internet ruling today’s world, it is essential to make search engines to your advantage. Search engine optimization (SEO) is a great feature that enables one to place their webpage on higher rankings in the search engine results. While utilizing SEO is a big task, your worries can be put away if you hire an SEO firm with experience working with NFT products.
Conclusion
After reading this rather long blog piece, you should have gotten all the necessary details regarding NFTs and promoting NFTs. Although these marketing tactics have been proven successful for NFTs, outcomes depend on how well you approach your campaign and the efforts given.