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Decred Marketing Strategy - notes

Thoughts for Podcast with DCR in Depth

Content creation and distribution strategy

Important: If we don't want to pay ads to distrute content to eyeballs, we have to do the work by interacting with it - giving likes, leaving comments and re-sharing the content!

  • video creation takes 80% energy, but only 20% of spent energy creates value (distribution of content to eyeballs)

  • 20% of energy invested into distribution to different channels will create 80% value (distribution of content to right channels with increase consumption of the content

  • Said differently: Content is the King, distribution is the Queen

  • Imagine having a company and not sharing or liking its products or services with friends! Or not asking your friends to leave Google Review if they liked the service/product!

Current reality of content engagement ☹️

Medium

  • Decred Journal — August 2020, @RichardRed - 476 claps, 0 comments
  • Decred, Mining Market Mechanics, @Checkmate - 375 claps, 0 comments
  • Decred Journal — July 2020, @RichardRed - 228 claps, 0 comments
  • Decred Journal — June 2020, @RichardRed - 219 claps, 1 comment

Twitter

  • August's issue of Decred Journal, has 27 RT, 61 likes
  • New episode of Decred in Depth - Sep 15 has 18 RT, 41 likes
  • Release of Decred v1.5.2, Aug 28 has 50 RT, 110 likes
  • July's issue of Decred Journal, Aug 7 has 21 RT, 56 likes
  • New episode of Decred in Depth, Aug 2 has 22 RT, 46 likes
  • $DCR/$USDT paid available on Binance, Jul 30 has 15 RT, 62 likes

Example: 1x Exitus's video

Majority (80%) of the effort is to create the content. But if we leave it only on Youtube, and we don't like+comment every single video, we are leaving money on the table.

What to do:

  • upload the video to multiple video portals
  • extract audio; publish to multiple podcast portals
  • transcript is already done by Exitus; publish it on Medium; Publish0x; extract important points -> create a Tweetstorm; repurpose the Tweetstorm and publish it on Quora in form of answers. Every month we can create a Question "What happened in Decred in Aug 2020?"

Example: Decred in Depth podcast

  • re-code to video, add one static image and publish it on Youtube (and other portals)
  • transcribe most important points and create a Tweetstorm
  • use this tweetstorm and re-publish it on Medium and publish0x platforms
  • repurpose the tweetstorm and use it for Quora

Medium

  • 45-50 claps on every article for important accounts (Decred, Check, PermabullNino, Decred in Depth, Decred Drive, ..) [required]; comment [optional]
  • do understand that only content which is read and liked is being pushed to more eyeballs; simple as that
  • follow key accounts -> official Decred accounts, Checkmate, PermabullNino, ..
  • For content transcribed from podcasts or videos -> Always include first paragraph -> Decred's pitch! Think about new viewers who don't know Decred yet.

Reddit

  • We need to post also positive messages; People did DM me positively about withDecred.org launch, but nobody wrote it also publicly. Then when new people are lurking around, they only see trolls and negative feelings.
  • To put this in context: Imagine you have a restaurant business. Half of the people come to the chef to thank him for the great food, but nobody leaves a Google Maps review. Only trolls or unhappy people. Then when you are searching for restaurant on Google Maps, you won't go this place, because you mostly see negative reviews and 2 stars ratings!
  • We need to start reporting trolls on Reddit (there is a function to do that!) and start blocking them more promptly. I am all for open communication, but there are accounts who just seek to damage Decred. Reddit moderators know about these accounts. Let's put a stop to it!

Matrix

  • Hard to understand people's feelings because you don't know people when you join, they don't use emojis; it's hard to tell who is being sarcastic or
  • There are no "Rules" which new person can read. Let's not slash newcomers.
  • If we don't want newcomers on Matrix, let's channel them to Discord and Telegram

Marketing thoughts

How to create content

  • Put Decred into perspective - compare DAO size, compare governance model, compare how much of tx are being mixed, compare DEX. (Many) People don't derive own conclusions, they consume what you show them.
  • Potential monthly content: compare developer activity with other projects. There is account on Twitter that does all the stats, we just need to create article/podcast/tweetstorm/reddit post with these stats. https://twitter.com/coincodecap/status/1307258131550892032

New platforms

  • I don't know all platforms!
  • How we can raise interest By Millenials/GenZ? Eg. we can write "Investment thesis for Millenials/GenZ". I already have some ideas, feel free to reach out to me! (@pavel)
  • Who can reach out to micro-influencers on TikTok / Snapchat? Look at what they did with Doge

Don't be a maximalist!

  • I don't even pay attention to accounts on Twitter who post "Nobody understands.", "Few..", "$LINK to the moon", "$XRP to the moon", etc.
  • Do NOT act like these people.
  • Look what people are interested in and "connect with them" through these topics. When they ask you, then talk about Decred.
  • DM people on Twitter or Reddit if you like what they are saying. Connect with them on one-to-one level
  • Listen to this podcast with community leaders from Australia -> it's exactly how they grow community in Australia https://open.spotify.com/episode/3ukdqRyjrkreyCnW4Zd5Ce?si=jThxLYvEQl-USh0nGpuDVw

Website: withDecred.org

  • Created with several goals in mind:

    • Content for newcomers to learn about Decred and have easy "buy here" button
    • Easy to replicate growth model: I read about Decred on withDecred website. Then I bought, then I learned more. How I can explain Decred to my friends? Raise their interest and send them to website! They can/will repeat this process. We don't need to make people "experts in Decred", let them replicate this simple process!
    • We can track user behaviour .. we can based next decisions based on objective data
  • Watch out for https://withDecred.org/win

    • button create ticket
    • loading indicator -> show pitch!
    • QR code + pitch

Next possible steps

  • Repurpose individual articles into Tweetstorms - they are easier to consume
  • Repurpose articles and publish on publish0x platform
  • Create podcast -> read those articles (1 podcast - 1 article)
  • Build relationships with good people and later ask them to share @withDecred (eg. @notsofast, @cburniske, @MustStopMurad, ..)

People's objections

So what's stopping you from doing metioned metioned activities?

Objection: I don't want to register on Medium/Reddit/Twitter/publish0x, because I don't want to compromise my identity!

  • Solution: Create a new free email on Protonmail.com (or any other platform) and use this account for this this purpose.

Objection: I don't have time to do this or I don't remember to do it consistently.

  • Solution: Create a habit: every time you open Decrediton or Matrix, go and upvote/like all content that's new! (People spent incredible amount of time on social media or watching Nextflix; just nobody realizes it)

Objection: I don't want to support mentioned platforms!

  • Solution: You are not supporting them. You are supporting Decred!

Platforms

Why to invest time to Quora.com?

Quora.com has extremely good SEO and as such attracts a lot of people to their website. Cryptocurrencies* are a highly attractive and followed topics.

Quora.com ranks as 92th most visited website, worldwide with around 485M monthly visits. (source: SimilarWeb.com, https://www.similarweb.com/website/quora.com/)

486,000,000 monthly visitors, average spent time 3 minutes. Pages per visit: 2.06

Stats from SimilarWeb https://www.similarweb.com/website/quora.com/

Traffic stats

  • 38.97% United States
  • 17.05% India
  • 6.31%  United Kingdom
  • 4.74% Canada
  • 3.39% Australia

Quora: Most followed Topics

https://www.quora.com/topic/Cryptocurrencies - 430k+ followers

https://www.quora.com/topic/Virtual-Currencies - 289k+ followers

https://www.quora.com/topic/Bitcoin - 430k+ followers

https://www.quora.com/topic/Trading-in-Cryptocurrency - 33k+ followers

https://www.quora.com/topic/Digital-Currency - 80k+ followers

Notes

We can reach sizeable amount of people this way, look at screenshot from my account back from 2-3 years ago: quora-notifications.png

There is opportunity to participate in the conversation and answer crypto-related and Decred related questions to grow awareness of Decred and its strengths.

I personally wrote content on Quora in cryptocurrencies* topics and I was able to get to Top10 writers for several topics - Bitcoin, Cryptocurrencies, Virtual Currencies and Blockchain (most followed crypto topics). Achieving such result helped get exposure to topics I wanted to write about and measurable traffic results were achieved (to goal was to generate traffic to a particular website).

My answers were also send in email digest to dozens of thousands of people, I think in summary my answers were sent to around 150,000 people via email (over a period of 3 months).

I already described on Reddit, how such results can be achieved

https://www.reddit.com/r/decred/comments/it0idm/decred_on_quora/g5gince/

Since this activity is reproducible, we can sponsor a good content writer who can invest his time to create valuable content on Quora and generate more awareness for Decred.

There are measurable results:

  • User see view statistics of his answers
  • Website traffic increase can be measured
  • Discord and Telegram user growth is already being measured

Why to invest time into Publish0x.com?

Publishing portal focused solely on crypto. Clear target audience!

900,000 monthly visitors, average spent time 17 minutes. Pages per visit: 5.3

Stats from SimilarWeb https://www.similarweb.com/website/publish0x.com/

Traffic Stats

  • US 13.77%
  • Italy 8%
  • Germany 7%
  • France 7%
  • UK 5%

Other opportunities

  • Launch withDecred on ProductHunt

    • We need to prepare community, so when we publish the post, we need to get enough upvotes!
  • There are people on Twitter with huge follower base, asking on weekly basis: "What did you ship last week?". I will add links to those profiles here when I find them.

  • Create popular "Ask me anything" interviews. They can be later transcribed and published in text format “AMA Recap ZZZ.Finance with D’va” by zzz.finance https://link.medium.com/33D3q6uJaab

Steps we should take right away:

  • Create a new channel on Discord+Matrix where we post all the content being publised.
  • Publish there also older content which needs more likes + comments
  • Then everybody should go through that content and like+comment+subscribe!
  • Start re-purposing Exitus'es videos on mentioned platforms: podcasts, Medium, publish0x, monthly Tweetstorm sumarries
  • Start re-purposing all Podcasts content - summarize and post Tweetstorms + Medium + publish0x; publish on Youtube
  • Post every new content from every channel to new Discord+Matrix channel

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