How affiliate marketing helps develop crypto projects
Promoting cryptocurrency projects is one of the most interesting and at the same time challenging tasks. In the article, you will find information on what it takes to launch a successful marketing campaign.
What is crypto marketing
Marketing cryptocurrencies can be defined as any activity related to promoting crypto projects and selling their products or services.
Due to a number of challenges, promoting crypto projects is difficult even for top marketing professionals. However, if you approach the development and implementation of a promotion strategy correctly, you will be able to:
- popularize your brand and build a positive reputation in the market;
- optimize mechanisms for attracting new investors and partners into the structure;
- attract the attention of major venture companies and business angels;
- gain access to listing your cryptocurrency on major crypto exchanges and websites of well-known brokers, etc.
Challenges Faced by Crypto Projects
Objectively speaking, compared to other asset markets, the cryptocurrency niche is very young. However, this sector has already turned into a fairly aggressive environment with high competition.
We discussed how to organically protect your business from competitors and exit the aggressive market space in the article Blue Ocean Strategy in MLM.
In addition to stiff competition, one must be prepared for the fact that cryptocurrency promotion algorithms can change very abruptly — tools that were simple and accessible just yesterday may already be prohibited today. For example, in 2018, this happened with crypto contextual advertising and ICOs on platforms such as Google, Facebook, Twitter, MailChimp, etc.
Among other things, one must approach the choice of country for registering a brand very responsibly. Since the legislation regulating crypto transaction activities is still in the development stage, it may not be possible to legalize the legal status of one's company in every country/region.
Popular Crypto Marketing Strategies
When promoting cryptocurrency companies, it is important to approach the choice of promotion channels and allocate your energy, time, and finances in the right direction. For example, this could include:
1. Promotion on messengers (e.g., Telegram). This refers to advertising publications in niche channels or, if the platform allows, targeting (Telegram Ads).
2. Content marketing. Quality and SEO/LSI-optimized content can provide a significant boost in organic traffic.
For example, thanks to a well-thought-out content strategy, the Binance exchange blog can be considered a full-fledged educational resource.
3. PR publications in the media, focusing on those dedicated to crypto and ICOs. This is one of the most accessible ways to enter the information field and attract the attention of a broad target audience.
4. Affiliate marketing (bonus, referral, bounty, etc.). If a company's current partner recommends your brand to their friends, they receive a bonus from the company in the form of a certain amount of money, a free product/service, or loyalty points.
To achieve the set goals, we recommend combining various marketing strategies.
The Role of Affiliate Marketing as a Tool for Promoting Crypto Projects
Having analyzed open sources, we noticed that affiliate marketing as a method of promoting crypto projects is not talked about so often. Our team, with years of experience in promoting various platforms, has identified specific advantages of this method:
1. Taking into account legal restrictions of individual countries. Not every country allows the official registration of a crypto brand. In this situation, you can designate the status of your project as an MLM company.
2. Bypassing Restrictions on Advertising Promotion. As we mentioned earlier, some platforms are skeptical of cryptocurrencies and do not allow advertisements from organizations operating in this niche. In network marketing, partners take on the role of an advertising agent who is responsible for promoting and presenting the product.
3. Quick Handling of Objections. By engaging with the audience and armed with the necessary arguments, an affiliate manager will be able to promptly address doubts and work with people's objections.
4. "Humanizing" the business. By implementing an affiliate program, you are integrating h2h practices into the core of your business, which work much more effectively than traditional marketing.
More about this type of marketing we wrote in the article What is h2h marketing and how to use it successfully
5. Increasing financial literacy. One of the main tasks the sponsor, who is recruiting people into their business team— is increasing the financial literacy of newcomers, explaining the nuances of marketing, training them, and providing guidance.
6. Impressive competitive advantage. In the conditions of tough competition in the crypto market, with the support of affiliate managers, you will strengthen and enhance your marketing strategy.
In conclusion, it can be said that the success of any crypto project depends on the flexibility and competence of developing a marketing strategy. In this niche, it is important to use any opportunities until the market rules have changed. In the current situation, the concept of network marketing, as practice shows, is one of the most successful for promoting cryptocurrency projects.
If you have any questions regarding the promotion of your project, seek help from FlawlessMLM. Drawing on years of practical experience working with projects in various niches, we will take your company to a new level. Contact our manager in the website chat and learn more about solutions for your business.
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