How much budget is needed in a successful ICO?

[hoaryal1]

You can spend 400,000$ on marketing and create zero buzz, And you can also spend 50,000$ and mark your self as one of the most promising ICO’s out there.

How is it possible?
ICO’s have a short amount of time to create insane buzz.
Creating a buzz in the crypto community it’s not a cheap thing to do.

PR articles, Youtube influencers, Content creation, PPC campaigns, ICO listing websites, Salaries for your team, Advisors, And many other unexpected expenses gonna get eventually to an insane amount of money, Unless you will follow this few steps that helped my clients to get aa lot of attraction around their Initial Coin Offering campaigns


Value- Don’t just create content that speaks about how great your company is. Try to create content that will give value to your target audience.

Fake- there is a hidden slogan among the ICO’s founders out there: Fake it until you make it.
I see every day ICO telegram groups with 60k members and 99% of them are fake.

How do I know it?
None speak in the chat, and there isn’t much about the project on Reddit, Bitcointalk & Steemit.

Focus on the right places- There are tons of social media and platforms out there to promote your ICO at, The thing is that not all of them are that effective, This article will help you to focus the right places.

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[ChadHuerta]

Cost management is very important in every project. And ofcourse building a strong community that will help you grow your project and make it a successful ICO. I'd choose an ICO marketing service that can help me focus on that.

[MaggieArroyo]

The fundementals of a successful ICO is the idea they are trying to sell to consumers. In order to make a successful ICO it isn't about how much money you're spending on things like PR and stuff it depends on the foundation, the idea and how well you execute it for the success of the project as more people will be excited by the prospect of investing in something.

[boranes]

Interesting article.
I wouldn't say that bitcointalk lost on popularity in last two years, I think this forum is more popular than ever. Stats are outdated, but you can see this community is becoming bigger https://bitcointalk.org/index.php?action=stats

It is still number one site for all kind of promotion regarding cryptocurencies.

[the13thsymphony]

There is no limit on the budget to determine how it can be successful. Some projects don't even need an ICO just to be successful. It just how the project works on the real world. If you have a good project, investors and community will follow your project no matter what even you don't have much of a marketing over that product. Some ICOs only concern was to raised big in the token sale but didnt put much effort on his product. Clearly this a type of project prone to scamming or a get away project. Real projects only cares about the platform and all investment should be talked out privately.

If the project is true to its goal and with the sincerity to help other people then no matter what the hardships that they encounter along the way the project will be surely successful as it will be seen by the investors and people that will support it. The only problem in the market now a days is as what cryptoaddichie said most projects and investors only wants to raise money to gain some profits without a care to the project it self which in return makes some negative side in the crypto industry. 

[KassandrHicks]

There is no specific budget limit for investing, you can even benefit from a small amount of your business sense is good enough. Also, analysing and predicting according to it and investing in the right product might bring you fortune. So, the investment limit shouldn't be of any concern

[Rengga Jati]

I'm also so curious in the budget of some teams creating the ICO. however, aside from the budget, they spend many hours, weeks, months, or years to create the projects for some new ICOs. However, if talking about the budget, it may be different as seen on the soft cap and hardcap. It will depend on what kind of projects they are.

[St4yInTh3D4rk]

In recent days most of the projects have budget of less than $500 because they were just scams they buy some fake profiles or even create by themselves from random internet pictures and start heir bounty campaigns by themselves by buying a copper membership at bitcointalk.org,but as you said if a legit projects needs to advertise successfully it may needs atleast 1BTC per week.

[mayan251]

In my opinion. The technology of the project is the first priority. Because technology is the key to promoting project development. Then the marketing budget. A good project. Marketing cost is not the key. As long as your project is good enough. Many people will help you promote publicity. The word of mouth of the project will be gradually established. Follow up marketing will be easy.

[Dart18]

There must be really someone big behind all of this scam ICO's.
One broke crypto analyst cannot just do it. He needs the funds first to pay for making a fake news or a fake advertisement just so they could be known.
This scammers are also risking their money.  

So the earlier we find them the more broke they could get.
Or? Their manager will hire a paid killer and kill them all.  

[kindbtc]

You are right i do not think fake followers will bring any positivity or value to the project, targetted marketing instead can bring loyal investors, supporters and followers that can prove to be real asset for the project over long term.