A Non-Fungible Token (NFT) is a digital asset that represents the legal ownership of a physical asset. For instance, you can use NFT to sell property ownership, football tickets, or even artwork. When you have an NFT marketing project, you need to market or promote it if you want to get the best deals in the market.
There are many ways you can market your NFT project, and some are free while others are paid. This article explains some of the tips and strategies you can employ to market your NFT project on major crypto media outlets.
Everything you need to know about how to market your NFT
What is NFT Marketing?
NFT marketing is the collection of marketing growth tactics used to sell NFTs, grow discord communities, increase NFT sales volume, and build strong digital NFT-based communities.
Free Ways to Promote Your NFT Collection
Here are some of the top ways to promote your NFTs for free:
List Your NFT on Popular Marketplaces
Listing your NFT on the top marketplaces is one of the best ways to promote and boost your NFT sales. You can list your NFT in some of the most popular NFT marketplaces like Rarible, SuperRare, OpenSea, Foundation, CryptoPunks, NBA Top Shot, Theta Drop, Mintable, and Nifty Gateway.
There are two ways in which NFT Marketplaces generate revenue. These marketplaces make a commission by charging a fee on every sale or buy of an NFT on their platform. A buyer’s fee is added to the total cost of the NFT, while a seller’s fee is deducted from the total price of the NFT.
Submit Your Drop to the NFT Calendar
An NFT Calendar is an event calendar for Non-Fungible Tokens. The platform covers all the exciting events and NFT drops across several industries.
You can submit your NFT drop for free by entering the following information:
- Event title
- Event description
- Cover image
- Event date
- Blockchain used
- NFT marketplace
- Email address
- NFT event source news
Leverage the Power of Social Networks Like Twitter And Telegram
Another NFT strategy to promote and market your NFT project is to use social media networks. You can use social platforms like Facebook, Twitter, Instagram, and Telegram to showcase your NFT and market it to a larger audience.
However, to leverage the power of social networks, you should first ensure to build a profile on your target social channels. Create a profile and build organic followers by attaching links to your NFTs in your posts.
For instance, you can use the #NFT hashtag on Twitter to follow people interested in the NFT space. You can browse artworks or comment on some posts to get the engagement going.
You can hear about everything on the NFT space if you follow the right people on Twitter. The NFT space on Twitter is just amazing, giving you the chance to market or promote your NFT project right in the comfort of your phone.
In addition, you can create a Telegram channel for your target audience and select a team to communicate regularly on the platform. Choose a polite, competent community that knows more about the NFT project you have in hand.
Your team should be working on the FAQ, responding on time and giving their feedback. Most users will normally perceive the support team as the project face. Therefore, you need the right team on your Telegram channel to get the best returns.
Related: Top NFT Twitter Accounts to Follow
Join a Web3 Networking Community
Success in crypto is largely reliant on connections. Joining a community like CEC can help connect you with some great leaders and entrepreneurs in the Web3 space and boost your pace of growth.
CEC is a great, application-only network for Web3 execs to find partnerships, get feedback, and share ideas.
Spread the Word About Your NFT collection on Reddit, Quora, and Bitcoin Talk
Another important component of an NFT selling strategy is organic forum posting. Start a discussion about your NFT collection on platforms like Quora, Reddit, and Bitcoin.
When users discuss your NFT collection on Quora and Reddit, you are simply creating social proof and online reviews about your collection. This is one way of showing your target audience that you have the best collection they need.
Quora has several questions related to NFT that you can answer to promote your NFT project.
You should also join NFT groups on Quora, Reddit, and BitcoinTalk. When it comes to popularizing your art, word-of-mouth referrals can quickly market your brand. Tap into a pool of like-minded individuals and increase your chances of marketing your NFT collection to many people.
You can start a topic related to your NFT collection and ask people to join and comment on the topic. You can also ask your community to ask questions related to your NFT project and then answer their questions. This way, you will build a vast connection and audience to your NFT project.
Use Popular Crypto Spaces like Cryptovoxels and Decentraland
You can also tap into the power of metaverse to market your NFT project. Today, the crypto metaverse is active and popular. The most common spaces you can think of include Decentraland and Cryptovoxels.
Most collectors gather on this platform to showcase their collections, have social fun, run virtual venues, and gather for exhibitions of NFT projects making it a great way how to market nft collection.
Users can access these platforms through their desktop browsers without downloading anything. For instance, Cryptovoxels is a favorite hangout for those who love fine art. Users can access the platform on mobile phones and desktops.
Decentraland, on the other hand, has an awesome look and feel that keeps all users glued. Users can find all the best NFT projects here, like games and fine digital architecture.
Cryptovoxels and Decentraland both have a different look and feel that will keep your virtual exploration of the art random and exciting. If you have an NFT project that you want to showcase, you should definitely explore Cryptovoxels and Decentraland.
Engage in Clubhouse Networking
The Clubhouse is where you want to spend most of your time marketing an NFT project. If you have limited time and are still unsure how to promote your NFT art, the best you can do is never stop talking about your NFT project when on Clubhouse. By discussing your NFT on the platform, you make people more obsessed with your projects, and this way, you will be promoting your product.
Non-art people gather in Clubhouse to see what’s new in the NFT industry. Here you get to interact with crypto evangelists and those who are keen enough on the new art in the corporate digital economy.
Create a successful NFT community on Discord
Paid NFT Marketing Tips (To Sell Your NFTs Fast)
While free advertising opportunities are always great, sometimes paid offers a bit more power and speed to sell your NFTs.
Here are some of the best paid ways to market your NFTs:
Create a Website to Showcase Your Work
Start by having a website for your NFT project. Having a website makes it easy for those browsing fine art and the latest NFT projects to find your project on the internet. Your website will act as a piece of attraction to potential buyers and a place where people can know or learn more about the artist.
Also, by creating a website, you can tap into the power of Search Engine Optimization (SEO). SEO makes it easy for you to optimize your website so that Google and other search engines can categorize it based on different search queries or keywords.
Users can easily find your website and access your NFT project when you have a website that ranks at the top of search results.
Besides, you can start content marketing to reach art lovers only after you have a website. Content marketing will help you rank on Google for different searches related to your art or the general NFT space. Once you start attracting the right audience to your website, it will become easier for you to sell your NFT.
Partner with an NFT SEO Agency
You can also partner with an NFT SEO agency to market your NFT project on social media and search engines like Google. Most NFT SEO agencies will help you choose a marketing technique that will work well for your project.
It means they can decide which content marketing strategy is ideal for your project and which audience you should target most.
SEO agencies know all about ranking your website on search engines and making yourself visible on different social networks, which is the best way to attract people to your project and increase your sales.
NFT PPC Advertising
Once you have a website, you should focus more on launching a PPC advertising campaign for your NFT project. Start by optimizing your website and landing pages to work in conjunction with your PPC adverts.
When you run a paid PPC campaign, you can appear in the top place in Google search and increase your marketing chances to a wider audience. Do your keyword research, create a killer advert for your audience, and set a budget to start running your ad campaigns. Adwords will help you rank your site on the top for competitive searches that have commercial intent.
For those wondering can you advertise NFTs on Instagram, the answer is yes. Instagram recently lifted restrictions on NFT advertising.
NFT Influencer Marketing
The Web3 marketing world is very heavy on influencer marketing. Because there aren’t so many reliable NFT news sites, many NFT investors turn to influencers to get their news and find out about new launches.
Most influencers have a huge following, and they can use their fame to sway and convince an audience to your advantage. Most users are most likely to trust your project through influencers. You need to work with influencers and do NFT collaborations to tap into communities and use cross-promotion.
For example, you can easily set up a themed series to leverage other artists’ networks of users and gain new followers. This approach also gives you the chance to provide constructive criticism and bond with the artists. It also encourages you to create fine art that your influencers can market fast.
For more info on NFT influencer marketing 101 check out this video by NFT Marketing Agency CEO, Ty Smith:
Use NFT PR to Build a Solid Online Reputation
Public Relations is hugely important when it comes to building trust for your brand.
Having a positive online reputation makes it easy to market your brand or NFT project online. PR is one way of proactively improving your online reputation. If you want to build an online reputation, you should monitor your online presence to know what is working for your project.
Use Web3 PR release distribution services to get your news publishers on top NFT sites
Find out what people are saying about your project on community forums like Quora, Reddit, Twitter, and crypto forums.
If what most users say about your brand is negative, start creating PR to replenish your brand reputation. Find a way of convincing your target audience that what you are offering is the best for them.
You should also have an online review strategy to make your NFT project marketable online. Also, don’t forget to work with top influencers with a great online reputation to improve your project’s market value.
Top Podcasts for NFT Promotion
These are some of the top podcasts you can follow if you want to market your NFT project the easy way:
- NFT Marketing Podcast: This podcast is run by Ty Smith of Coinbound. In this podcast, you can learn how to build trust with your audience, how to amplify your NFT content, and how to get influencers to listen to you.
- The Nifty Show: With this podcast, you learn about new NFT project drops in the shortest time.
- The Mint condition: This podcast hosts some of the industry’s top influencers and NFT collectors. It focuses on in-depth interviews and topics that help you understand more about NFT.
- Shot2TheMoon: This is a podcast with two talented hosts engaging in conversations about NFT. It covers all the latest news on NFT that you should know when marketing your projects.
NFT Marketing FAQs
Can you run Instagram Ads for NFTs
Yes, Instagram and Facebook recently began allowing marketers to advertise NFTs on Instagram.
How much does it cost to market an NFT collection? What’s the Average NFT Marketing Budget?
NFT marketing budgets range from $10,000 to over $200,000 for a successful NFT marketing campaign. Many successful collections allot 20% of their planned raise for marketing.
How can I sell out my NFT collection?
Working with an NFT marketing agency like Coinbound is your best chance at having a successful NFT launch.
How is NFT marketing strategy different from NFT selling strategy?
NFT marketing and NFT selling strategies are often used interchangeably. However, NFT marketing typically refers to attracting visibility to your NFT project while NFT selling strategies refer to getting that attention to convert into NFT buyers.
Where can I learn NFT Marketing?
The best place to learn NFT marketing is the Coinbound Podcast. As the leader in NFT marketing, Coinbound has a huge amount of knowledge on the subject and commonly shared this info via NFT Marketing blog posts as well.
How much does an NFT marketing agency cost?
With NFT agencies, what you pay is what you get. Most NFT agencies range from a few thousand to 50k+ per month
Conclusion: Final Thoughts
When it comes to your NFT selling strategy, connecting with your audience is key. When you make people feel part of your project, you establish a rapport and build an online reputation that can be capitalized on.
When choosing a marketing strategy for your project, you should focus more on engagement – making your project more entertaining to drive sales. Adopt multiple ways to market your NFT project on social networks, use influencers, and launch a PPC campaign. Follow the NFT marketing tips discussed in this article to sell your NFT project fast and make a profit.
Coinbound is the leading cryptocurrency marketing agency. Coinbound works with major crypto brands like eToro, Cosmos, MetaMask, OKCoin, ShapeShift, Voyager, and CoinStats to boost brand growth through influencers, publishers, SEO, social media management, PPC, and paid advertising.