The need for skilled individuals in the cryptocurrency industry has rapidly increased in the last few years. But since the crypto industry is still new, specific skills are needed for a marketing manager to thrive in this area.
This article will cover the job duties of a crypto marketing manager, including necessary hard and soft skills, practical tasks, and effective strategies for expanding outreach and building relationships.
Can marketing be a good career choice?
Marketing can be a highly satisfying and creatively fulfilling profession, particularly in the rapidly expanding field of cryptocurrency marketing, which presents countless opportunities for growth.
Nonetheless, marketing is a fiercely competitive field that is always changing and demands individuals to stay informed about the latest trends and technologies.
How much do Crypto Marketing Managers earn?
Marketing is a profitable profession, particularly in the realm of cryptocurrency marketing, where salaries tend to be substantial. As community building and marketing are vital components of the crypto industry, there is a high demand for skilled marketing managers in this area.
Crypto marketing managers earn well, with an average salary of $82k and the top 10% earning around $150k. Full-stack marketers are highly valued in this industry, and this article will focus on how to become a successful full-stack crypto marketer.
Essential Technical Skills
Every job demands certain technical abilities, and mastering them is crucial for success. In the cryptocurrency industry, marketing requires specific skills that can be transferred from web2 to web3 for those considering a switch.
Read More: Top 10 Web3 Learning Resources in 2023: Discover the Best Platforms for Your Growth
The Importance of Digital Marketing for Marketing Managers In order to connect with potential customers and establish a beloved brand, it is crucial for marketing managers to effectively utilize various digital distribution channels.
Long-term success in marketing is best achieved by developing a ‘T-shaped‘ skill set, which involves having a general understanding of multiple areas of expertise while also specializing in one or two specific areas.
The Benefits of Being a One-Person Marketing Department. Marketing is a rapidly changing and fast-paced field, and having the ability to take on multiple roles within a team can be advantageous. Focusing on one or two specialized skills can lead to significant results, while still allowing for collaboration with others on the team.
SEO involves improving a website’s ranking on search engine results pages (SERPs). In order to succeed in the crypto industry, it is essential to understand how Google ranks web pages, optimizes websites for user experience, and generates backlinks. It is also important to become familiar with tools like Ahrefs, Google Search Console, Google Analytics, Semrush, and Moz for analysis. Having a basic understanding of HTML and markdown formatting is also useful, especially for blogging.
SEM & PPC
SEM and PPC advertising are paid methods of reaching potential customers. In the crypto industry, these methods must be used strategically for newer projects to reach more people. Important skills to have in this area include digital advertising, keyword analysis, segmentation, campaign structure, budgeting, and A/B testing ad variations.
Email Marketing in Crypto Marketing
Email marketing in the crypto industry requires more than just sending a plain promotional email. As a marketing manager, you must have a deep understanding of psychology and consumer behaviour, copywriting skills, strategic thinking, creativity, email A/B testing, sales thinking, and other valuable tools for successful email campaigns.
Social Media Marketing & Community Management
Social media marketing in the crypto industry involves building and growing a social media presence and a highly engaged community. This single skill has multiple job roles tied to it, and people build their entire careers just in social media marketing alone.
To succeed as a crypto marketer, it’s crucial to know how to analyze data, make informed decisions, and run tests for constant campaign optimization based on results.
Marketing in crypto relies heavily on content, and community is crucial for a project’s success. As a marketing manager in this industry, you must have expertise in content marketing and be skilled in outreach, creating influencer marketing strategies, and running campaigns with them.
To succeed as a marketer in the crypto industry, it’s important to have a basic understanding of blockchain technology. Having a team member who is knowledgeable about cryptocurrency can be a great advantage. Starting with the Bitcoin whitepaper, you should learn about DEXs vs CEXs, De-Fi protocols, wallets, wallet security, and other relevant topics.
Read More: Unlocking 10x to 100x Crypto Gains: The Next Crypto Narratives Revealed
Let’s also discuss the soft skills that make you stand out in the industry and some tips to help you perform better in your role.
Clear and effective communication is a key soft skill for a marketing manager, especially in the crypto industry where complex ideas must be communicated simply to various stakeholders.
You’ll need to be able to translate technical jargon into easy-to-understand language for your team, customers, and other stakeholders.
In the crypto industry, marketing requires constant adaptation and fast-paced learning. Keeping up with the latest trends and technologies is essential, as you may need to change your strategy at any time.
To achieve long-term success in the crypto industry, it’s crucial to build strong relationships. This includes relationships with influencers, industry leaders, team members, and stakeholders. By fostering these relationships, you can gain insights and opportunities to enhance your marketing strategy. As a marketing manager, having strong soft skills is just as important as having hard skills.
Software and Tools
What their favourite marketing tools are to see what’s popular? This helps us figure out what people are searching for and what content could be successful. Some popular tools include Canva, Buffer, Figma, ChatGPT, Photoshop, and Jasper.
Additional Hands-On Tasks To Boost Your Crypto Marketing Career
To enhance your career in crypto marketing, participate in and engage with the crypto community. This provides you with insights and opportunities to build relationships with customers and influencers. A strong network is important for success in the close-knit and supportive crypto community.
Go to conferences and meetups in your local area
Going to conferences is a good way to create strong connections with people in the industry. Since most interaction in crypto happens online, meeting others in person at conferences can help build relationships that are useful in the future.
To excel as a marketing manager in crypto, you need a mix of hard and soft skills. You must have expertise in digital marketing, data analysis, content marketing, and blockchain technology. Moreover, your communication skills, adaptability, and relationship-building abilities must be top-notch. By staying updated, building strong relationships, and being a lifelong learner, you can thrive in the crypto industry.