Identifying the Right Advertising Channels
The client initially explored both Google Ads and Meta Ads. However, Google’s restrictive crypto policies made it difficult to run effective ads. After discussions with ICODA’s marketing team, the focus shifted to Meta Ads and TikTok Ads for the initial testing phase. Meta had a solid track record with similar campaigns, and TikTok provided a unique opportunity to engage younger crypto investors.
Testing & Optimization
A comprehensive A/B testing strategy was implemented to assess various ad creatives, formats, and audience segments. The campaign concentrated on Tier-1 countries, including the United States, Canada, Germany, UK, and Australia. Dynamic creatives and conversion-optimized campaigns were employed to boost engagement. Meta Ads consistently delivered the best cost per conversion, while TikTok Ads generated strong engagement but had a higher cost per acquisition. Following a month of testing, TikTok Ads were paused, and Meta Ads were scaled.
Scaling & Performance Improvement
With the successful formula established, the focus shifted to scaling while keeping the cost per sale low. The Meta Ads budget was increased from $5K to $10K per month, concentrating on the best-performing ad creatives and audience segments. Lookalike audiences were implemented to further refine targeting based on initial converters. Additionally, the strategy was reinforced through Google ranking articles, boosting organic visibility. This multi-channel approach led to remarkable fundraising success, combining paid traffic and organic growth.