Best Things About ICO Promotion
ICOs have a lot of advantages over traditional crowdfunding, such as the fact that they generally allow companies to raise funds without giving up equity like other forms of funding. And which ICO is right for your business? The best way is to conduct research and find out for yourself. Before deciding it’s time for an ICO, you should thoroughly do your homework before diving in. One of the best ways to get your feet wet is by reading this list of the top 5 things I can think about from my personal experience with launching our own ICO promotion campaign in 2017.
1. Verify that your company has a profitable business plan to provide its tokens
When people start to read about ICOs in the news or even on reddit, they often get the impression that they are a way of making money quickly. If you want to prove them wrong and actually make money with an ICO, you first have to have a good business plan behind it. Don’t simply set up an ICO for the sake of having one; it has to serve some purpose. If you don’t have any products or services available and no current earnings, then how will your token be accepted by the market?
2. Promote your ICO with a strong marketing plan
Even if your company already has a good business plan, which is not mandatory, it can still take months to raise the funds you need to launch. This is why you need to promote your ICO in order to bring in as much money as possible during the short-term of your campaign. Allow enough time to promote yourself and reach as many people as possible; this will give you a better chance at getting more investment for yourself.
3. Ensure that there is a demand for what you will be offering
You should think about how many people might accept the tokens that you are creating and then compare that number with how many tokens are being made available after the ICO process. If you are able to do this, then you know for sure that there is some demand for what you can provide. It is also essential that you find out how many people use your platform and what they think about it. This will give you an idea of how many people might be willing to use the tokens that you are creating once they become available for purchase. Guest posting sites are here.
4. Schedule your product launch for a time that has low competition
“In order to get rich quick, invest in the company with the best ICO.” As a business person, I have made some mistakes in the past when I rushed my campaign without knowing enough about my target market or their needs. If you take enough time to research and plan your campaign, then you can avoid situations like this. Don’t forget that there is usually a lot of competition for people’s money, so you have to work hard to make sure that people know about your product and want to invest in it.
5. Use an ICO promotion service for help throughout the process
The best way to be sure that everything goes as planned is by using an ICO promotion service. These services provide a cost-effective way of promoting and selling tokens during your ICO by bringing in large amounts of traffic from potential customers and investors. You simply need to provide them with the information they need, and they will do the rest. These services will also help you manage your campaign and keep track of all the different elements that you need to be aware of during the process.
6. Use a whitelist and KYC service for token buyers
If you are planning on allowing people who want to invest in your ICO to do so without having to wait more than a few days, then you have to follow KYC laws. You may also want to use a whitelist service to keep track of who gets access to the platform for manual backlinks. If you do this, then you can avoid all the unnecessary attention that comes with allowing people who have not been vetted and approved by the company.
7. Make sure that you are covered for security reasons
You should make sure that your website and other places where potential investors will go before investing in your ICO are safe and secure, as well as any security measures that you may need to take during your campaign. You also need to be prepared in case something happens to prevent people from being able to access the site or purchase tokens, so it is important that you protect yourself by using services like SSL certificates and similar technologies.
8. Think smart before starting your ICO
Although you can run an ICO and BlockChain in less than 20 days, it is not that simple. It will take you a lot of time and effort to get the basics ready to ensure that there is no reason for doubts among potential investors. Do your research to know how long it will take to promote your product; make sure that you have enough time for all the legal things that need to be done; and remember to take care of the marketing side completely before launching your crowdfund.