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The Web3 Marketing Playbook: How to Market a Disruptive Product to the Mainstream
Written by: Arcane Labs
1 Introduction
1.1 How to use the manual?
In this guide, you'll learn how to increase brand awareness, attract new users, and drive growth. From establishing basic processes to engaging with the community, you'll learn the key marketing strategies and tactics needed to succeed at Web3.
1.2 What is Web3 Marketing?
Operating and marketing in a market with disruptive technologies such as Web3 means facing many unknown challenges. Founders need a firm focus on their vision, value and future development planning. Secondly, founders also need to pay attention to one aspect-marketing. There are few content and resources about web3 marketing in the market, but few provide specific steps on how to promote the product. This guide strips out the junk and provides you with a marketing methodology and a checklist of verticals. This section will briefly describe why Web3 and blockchain mark a paradigm shift in marketing.
1.3 Existing misunderstandings in the market
Marketing of Web3 products often involves educating users on the benefits of decentralized technologies and their application scenarios. This may involve explaining the differences between traditional centralized and decentralized systems, as well as the advantages of decentralized technologies in terms of security, privacy, and transparency.
Unfortunately, the popular marketing tactics in the Web3 space are now affecting the user experience. Such common methods include:
While the above strategies are reasonable starting points, they do not yield long-term benefits. An effective marketing strategy must be based on fundamental concepts and consumer psychology. In addition, as Web3 breaks the circle, more and more users are aware of CX marketing in the industry. If you want your product to stand out from the noise, your marketing strategy needs to be adjusted accordingly.
Next:
The following sections examine different marketing strategies that Web3 brands can use to increase growth. Marketing models and case studies are interspersed throughout this guide for more in-depth research.
The goal of Web3 marketing is to increase awareness and adoption of decentralized technologies. As a Web3 Marketing and Operations, you help users, investors and partners understand the potential benefits and application scenarios of the product in everyday life.
2. Marketing Concept: Ansoff Matrix
The ultimate goal of marketing is to bring growth to the company, especially in the web3 industry that is chasing breaking circles. The Ansoff matrix is the most commonly mentioned basic concept of marketing growth.
**What is Ansoff Matrix? **
Ansoff matrix (English: Ansoff matrix) is a tool for analyzing products and markets, which can effectively help companies formulate growth strategies. Ansoff matrices can be used to explore the risks and benefits of different growth strategies.
**How to use Ansoff matrix? **
The Ansoff Matrix has two marketing strategies to achieve growth: adjust the product or adjust the market. Depending on the conditions of the market and the product itself, growth strategies fall into four quadrants: market penetration, product development, market development or product differentiation.
Ansoff Matrix
**How to apply the model to Web3? **
If you want to apply the Ansoff matrix to Web3, you need to clarify the company's existing products and their characteristics.
Next, identify potential growth opportunities through the matrix. Here are some basic matrix-based growth strategies:
The potential risks and rewards of each growth strategy, as well as the company's own resources, need to be weighed. By evaluating various factors, determine the best marketing strategy for the company and the current market situation.
3. Brand building
3.1 web3 brand strategy guidelines
Building a Web3 brand is more than creating a logo and brand playbook. This is different from advertising. In the early stage of the product, the company does not need a complete brand manual. Brand building begins with the founder's goals and the story behind the business idea, and should include how the brand gives value to users, the market, and even the world.
The process of branding a Web3 project is similar to the steps involved in branding other types of companies.
The following are some common frameworks:
How is branding different from marketing?
Although branding and marketing are related to each other, they are two separate and independent concepts. In today's highly competitive and oversaturated Web3 market, businesses, products or services need to differentiate to gain an advantage. Doing this requires strong branding and marketing.
3.2 5 tips for building a web3 brand
1. Create customer portraits for target users
Build a comprehensive database of user groups in case of need, and also help ensure that the marketing team maintains a unified brand voice and image
2. Encourage the founding team to build a personal brand
Over 58% of companies have increased visibility through their founding teams. As a marketer, it is low-cost and efficient to use the private domain traffic of the founding team when marketing products. As resources allow, hire copywriters for the team and build community through the team's social media. Before talking about the product, let the founding team become a leader in the industry, which is helpful for the promotion of the product and the exposure of the company's image.
3. Encourage the community to create UGC
Identify the most active members in the community, and encourage community members to create UGC content (such as video tutorials, product guides, recommended comments, etc.) through incentives.
4. Create and regularly update product introduction documents
Documentation (Docsend, Gitbook) is the first step for new users to understand the product. Providing clear and concise guidance to community developers helps them use and develop products, especially open source projects.
5. Create a community exclusive communication channel
Create dedicated channels or servers (e.g. Twitter communities, Discord channels) to provide community members with a space to meet, encourage questions, and build deep relationships. Take it a step further by curating community chats with core contributors and users to explore potential marketing campaigns and ambassador programs.
4. Case Study: Liquid Death
What is Liquid Death?
WEB3 POLICY
Results
Highlights
5. Digital Marketing
5.1 The core of digital marketing
As a Web3 business, you need to engage and communicate effectively with potential customers as they spend an increasing proportion of their time online. This is where digital marketing comes into play. By using web channels and technologies, Web3 projects can create engaging and personalized experiences that drive sales and customer loyalty.
There are 8 main components of digital marketing. This guide filters out the market noise and hits the ground running on the marketing tools that apply to blockchain projects.
5.2 Keys to Search Engine Optimization
A strong Web3 search engine optimization (SEO) strategy is the best way to increase brand awareness, be it NFTs, DeFi DApps or stablecoins. SEO can also help you establish authority in your industry, increasing trust between the Web3 community and your project.
There are three basic categories within an SEO strategy, listed below.
5.3 Ads in the Metaverse
Advertising in Metaverse includes creating and placing advertisements in virtual worlds or online game scenarios. The forms of delivery are usually diversified, such as virtual billboards, product placement in virtual environments, or as sponsors for metaverse activities and game props.
One of the main advantages of advertising in Metaverse is its ability to target specific user groups and track interaction data in real time. Advertisers can optimize delivery strategies through interaction data.
Advertisers need to pay attention to the tone of the virtual world to ensure that the advertisements they place are appropriate and do not disrupt the user experience.
Advertising in virtual reality is still in its infancy, and VR technology is still developing.
If the Metaverse industry becomes mainstream, there could be huge potential for advertising.
5.4 Ultimate Marketing Strategy of NFT
Marketing NFT projects involves various strategies to increase brand awareness, generate interest and buzz in the community, and ultimately drive sales of NFTs. It’s worth noting that the cryptocurrency and NFT space is evolving rapidly, and understanding the latest trends and success stories is critical to marketing success.
NFT Token Gating Strategy Tips
NFT token gating (Token gating) involves the rights of NFT holders to certain content, access or benefits. Token gating is achieved by using smart contracts to create digital "doors" that can be opened or closed based on the permissions of a particular NFT.
NFT token gating allows creators to reward NFT holders with exclusive access, which helps drive demand for NFTs and increases their intrinsic value. This strategy can provide marketing and monetization opportunities for brands and creators.
5.5 Successful Email Marketing
1. Create a mailing list
Include signup or subscribe buttons on content pages, social network profiles, and email signatures. Collect email addresses from website visitors, social media followers, and other sources.
2 Distinguish subscribers
Group mailing lists based on factors such as interests, behavior, and click-through rate, and create customized content for the groups.
3. An engaging email subject line
Prominent theme. The subject line of the email should be simple and humorous. Citation questions grab the reader's attention.
4. Eye-catching preview text
An eye-catching preview of the content of the email, which needs to convey the core message concisely
5 Optimizing User Calls to Action
A call to action (CTA) helps drive users to a web page. Consider the button's content, color, and position. Use trigger action words to ensure that the text button accurately describes what the button does.
6Automation and Quantification of Email Advertising
Automate repetitive tasks with marketing tools such as MailChimp and HubSpot. Track key metrics like open and click rates.
A collection of 7 distribution channels
Add links to other social media platform accounts in the email content to effectively increase subscribers to other publicity channels.
6. Marketing Concept: Consumer Purchase Decision Process
Selling a disruptive product or service like a blockchain application can be difficult without understanding the needs and preferences of potential users. The Consumer Buying Decision Process helps sellers understand user behavior, including barriers and drivers in product selection. Such information can effectively optimize marketing and increase sales of products or services.
**How to apply this model in web3? **
Consumer purchase decision process
7. Content Marketing
7.1 Content Marketing in Six Steps
Whether the purpose is to educate users or investors, or to establish credibility and authority, Web3 projects require some form of content marketing. And high-quality, credible content is one of the keys to building trust with your community.
However, "content marketing" isn't just about publishing articles on Medium. "Content marketing" needs to be created and published according to a long-term strategy in order to create real value for the business.
The following six steps can help you structure your “content marketing” strategy toward clear goals.
7.2 Five content marketing strategy frameworks
Publishing articles blindly cannot effectively increase exposure or increase sales. An effective content marketing strategy converts high-quality content into traffic and achieves business goals. The content marketing strategy focuses on the distribution channels of the content and the ultimate benefits of the distribution. The following five content marketing strategy frameworks cover the most common performance metrics.
1 Lead Generation
Suitable
Ideal for larger projects that require more touchpoints with potential customers at every point of the consumer buying decision journey
Mode of operation
Rather than selling products directly to customers, the framework focuses on every step of converting consumers into customers
For example, for those consumers who have already accessed the content for the purpose of generating interest, provide content to assist purchase decisions, and so on.
2 Evergreen Content
Suitable
For projects that want to increase the weight and visibility of their content on search engines
Mode of operation
This low-cost approach focuses on letting organic search do most of the work automatically, but also means that the results take time to settle. The exposure and weight of the website will gradually increase over time, which means that the published content will slowly rise from the 100th place in the search engine to the 3rd place
3 Competitive SEO
Suitable
It is suitable for projects that want to increase the weight and exposure of the website, and publish content related to the search hotspots of the target user group. For example, the SocialFi platform should rank #1 for a "SocialFi" search.
Mode of operation
This strategy is similar to the evergreen strategy. The only difference is that the theme of the output content is not "evergreen", but around keywords related to the unique competitiveness of the product or business.
4 Community Building
Suitable
Suitable for projects that focus on community building rather than selling products or services
Mode of operation
The purpose of this strategy is to increase the rate of return visits and promote communication and community enthusiasm among community members. Promote readers to spread content to a wider target market by creating content suitable for sharing and reposting
5 Collection Strategies
Suitable
Applicable to companies with sufficient resources, the strategy can meet almost all business objectives, while involving multiple dimensions running simultaneously
Mode of operation
There are two ways to implement this strategy. Invest more resources in content marketing to handle the demand for all different types of content; or accumulate short-term and long-term benefits with each content release
8. Marketing Concept: PESO Model
Paid (paid), Earned (spontaneous), Shared (shared), Owned (own) (PESO) model is a model that classifies the types of communication between brands and consumers. There are many ways to communicate with consumers in the market now This model helps each channel to respond to each other and form a coordinated collective marketing strategy that maximizes the effect.
PESO model
9. Social Media Marketing
9.1 Lists for Twitter, Discord and Reddit
Projects can gain valuable feedback, support and contributions through the community. The project side can iterate through the feedback and suggestions of community members. The formation of a community is inseparable from social media. Through social media, community members can learn about the latest progress of the project and answer questions about project technology and future planning. Efficient and transparent communication helps the project build trust and transparency, making the project more "decentralized".
9.2 Top 20 Discord Bots
Discord is notoriously complex to operate, and here are some tools that can help project owners manage their communities.
1Mee6
Helps automate tasks such as sending welcome messages, assigning roles, and setting custom commands
2Dyno
Offers a variety of features, including playing audio, server backups, and custom commands
3Tatsu
Helps increase server engagement with features like custom reaction roles, leaderboards, and server stats
4Ticketbot
Allows users to create, manage and close votes directly from Discord. Help gather user feedback.
5ServerStats
View server statistics, such as how many messages were sent or how many people joined
6Xenon
Helps backup, copy or clone servers and supports synchronizing changes
7 Dank memer
Provide bot commands for sharing emoticons or self-created emoticons
8Invite Tracker
Track where new members come from, who invites them, and more. Usually used for whitelisting
9Bump Reminder
Offers various features like reminders, vote tracking, daily questions and welcome messages
10Epic-RPG
Offers chat-based role-playing minigames to keep server community members active
11Quizbot
Create custom contests and run contests to motivate users and drive engagement
12Helper.gg
Reply to user queries by creating ballots in the server
13PollBot
Allows creation of time-limited polls, yes-no polls, and polls that require custom answers
14Apollo
Assist with event management tasks such as scheduling events and meetings and setting reminders
15Zira
Assign server roles based on user responses. Say hello and goodbye to old and new members
16Statbot
Displays statistics such as total members, server activity and other customizable options
17GiveawayBot
Organize and streamline gift distribution for community members
18Arcane
Regulate servers with a level-up system that provides members with opportunities to earn experience points and rewards
19ProBot
Offers features like creating welcome images, social commands, and monitoring violations
20Captcha.bot
Perform account verification and anti-phishing to verify new users joining the community
10. Case Study: Reddit
What is Reddit?
WEB3 POLICY
Results
More than 3 million crypto wallets have been created for doll series NFTs, 99% of which are unique accounts, surpassing OpenSea's 2.3 million active wallets
Highlights
11. Tools and Resources
Marketing Analysis
Content Marketing
AI Tools for Content Marketing
Email Marketing
Social Media Marketing
Online Giveaways and Contests
PR channel
Advertising
Supplementary reading material