8Bit.Ltd shows another stellar campaign performance
We will never get tired of repeating that the success of your crypto ad campaign always depends on how it is set up. Set it up badly, and you will see your campaign budget evaporate without any effective conversions. Do it right, and the results will have you reassess the way you conduct operations, all thanks to a large inflow of clients that are active and keen to use your platform or services.
The latter applies to the main act of our newest case study – 8bit.ltd. Before we dive any further, we must note that no business reassessment was needed this time, because the team behind 8bit has a proven track record of being professional enough not to fail under the pressure of newly found demand.
Now then, and without further ado, let’s find out more about 8bit, their campaign with Bitmedia and how to create traction by running your ads efficiently!
The platform was launched in 2017, and by now services over 1 million users! In simple terms, it is an investment vehicle that uses the funds deposited by its clients to create quite substantial returns. The products are split into three investment programs that vary by the time you must lock your funds for, and subsequent revenue that these products generate.
In a bid to make the process more fun, the 8bit.ltd team has also introduced games and other community-oriented activities, making being part of it all feel incredibly family-like. Speaking of the devil, the team behind the project is comprised of crypto researchers, successful traders and investors with over 17 years of experience, in blockchain and market research.
Here is what they have to say about the insights of how the returns are created:
‘8bit currently supports 45 different cryptocurrencies, and we are constantly adding more. After signing up, you need to choose your package, which currency you want to use and the amount you want to deposit. Once the deposit is made, it will start generating daily interest accruals, landing directly to your account balance. These can be instantly withdrawn or reinvested at any time.
When the selected package reaches its maturity, the principal investment is transferred to your account balance where it can be withdrawn in full or reinvested.
All investment packages are insured with one all-encompassing rule: whatever happens, 8bit clients will always receive 100% of their principal back and any generated profit becomes their property.’
Yes, 8bit.ltd looks pretty great but it is now time to dive under the hood and go through the nitty-gritty of setting up their ad campaign. After all, it serves as a good case study of how to run crypto ads, and make them work as intended.
We first started in CPM mode, which stands for Cost Per Mille. It is when you pay for 1000 impressions. It may not seem as precise as CPC, which is when you pay for each click but clients never choose CPM for nothing. In fact it does not only add greatly to brand awareness, but may often result in greater effectiveness when compared to CPC ad campaigns.
Once the first results were in, 8bit’s account specialist offered to opt for two dedicated ad packages, which differ by publishers the ads get pushed out to. These were the Investment and Platinum packages. Then, our team decided to go even further with campaign optimisation. We created stand-alone list of publishers for every offer, cleaned out the outlets that weren’t performing well enough, and created GEO blacklists. In the end, we targeted the following GEOs: Australia, Belgium, Canada, Denmark, Germany, Finland, France, Hong Kong, Italy, New Zealand, Netherlands, Portugal, Singapore, South Korea, Turkey, United Kingdom, and the United States.
All of the above is a show of ongoing work Bitmedia performs with each of its clients. We always strive to outperform, because the success of companies that we work with is in our DNA.
Finally, we get to the most interesting part of the performance shown by the 5-month campaign Bitmedia ran for its client.
|Total number of impressions: 10,736,401|
|Total number of clicks: 48,205|
|Total number of new users: 4908|
|Average number of new users per day: 36|
|Percentage of new users who have become paying users: 0.49%|
|Average daily budget spent: $150|
|Average cost per new user: $4.15|
|Average deposit per paying user: $278.58|
Nothing beats the power of numbers and it is these numbers that gauge how well set the campaign has been. Over the course of 5 months, the client had a daily spend of $150 with the cost of every new user hovering just above $4. At the same time, an average deposit per user reached $278, whilst there were 36 new users onboarding the platform each day!
It would be ruthless to deem this campaign a fail, and as the result, 8bit.ltd is already back for another round. It is what happens when you match a great product to a thoroughly set up crypto marketing campaign, as it leaves no chance for a misfire.
Talk to us today to get in front of the audiences that are eager to become your most loyal customers. After all, it is these customers, that will form your company’s community of tomorrow, and grow with you!
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