Proposal “DCW_MARKETING_STRATEGY_AND_STRUCTURE“ (Completed)Back

Title:DCW: Marketing Strategy & Structure
Owner:DASH_Embassy_DACH
One-time payment: 15 DASH (1085 USD)
Completed payments: 1 totaling in 15 DASH (0 month remaining)
Payment start/end: 2020-01-15 / 2020-02-13 (added on 2020-01-13)
Votes: 896 Yes / 122 No / 12 Abstain

Proposal description

DCW: Marketing Strategy and Structure

https://lh4.googleusercontent.com/Lkr_8Rh1zidw9AQ7txqtZkEa5oI4rOMWIqIbGFOGb28Ysak9nKhA801Pe9b5-4D4WLv1h2K12aaWtn37YIfpyW--l9_QlTug0MFYwJV9xjvFfwt6N2VvYlh-EduUF8Xm48iI4R45


Introduction 

In the beginning of 2019 we (Dash Embassy D-A-CH) initiated Dash Co-Working (DCW) to share our experience in business development with other DFOs, work on common goals, share each others resources and thus mitigate inefficiencies resulting from the DAOs decentralization. The past year has shown that the whole Dash DAO is capable to achieve more integrations when we are working in a collaborative way. This is why we want to try something similar for creating a marketing strategy.

For further information regarding DCW please have a look at: https://t1p.de/ttb7

Building a strategy which is based on numbers instead of emotions and on market demands instead of our belief systems is a time consuming and intensive process. It means that we need to do tons of research, talk to professionals from attached industries and let the market tell us what’s needed instead of following our current convictions. 

From our point of view creating this strategy is a process that needs to be carried out by the DAO as a whole and not by one single entity. This is why we want to establish a Dash marketing board, which in the beginning consists of representatives of marketing related DFOs. In addition we want to invite you, the Masternode owners, to become part of the discussion. 

To do so we would like to offer you (MNOs) video calls on a regular basis. In these calls we will discuss the structure and responsibilities of the marketing board and take a look at the results of our research in regards to creating the actual strategy. The calls will follow a strict agenda. They will not be recorded. The exact dates will be published at least three days before the call together with all necessary information (Pre Reads) and links for each call. They will not last any longer than 60 minutes each.

We already had initial calls with Ryan Taylor (DCG), Robert Wiecko (DCG), Fernando Gutierrez (DCG), Mark Mason (DN), Joel Valenzuela (DN), Ash Francis (Dash Retail) and Felix Mago (Dash Next). All of them agreed to get involved in the process to a certain extent. We are happy to inform you that a first physical meeting between Jan Heinrich Meyer (DACH) and Robert Wiecko (DCG) already took place in Lübeck, Germany from 19th to 20th of December 2019. A follow-up meeting together with Fernando Gutierrez is planned for January 2020 to take place in Switzerland.


Why do we need a strategy for Dash?

https://lh4.googleusercontent.com/72tSgNiiFmA1XcwbBLESONMW8jUFBmixRBcIRzmBJY-uWaxMjSJ2Lq0hQoNFQOIJ1pHgkxLmglHe8FcBwvgdZgPGNEsXM74lHT_T4fMoVayx_p6lTGDqxLYxqtAepyUp_HUjo4rx

All cryptocurrencies are struggling with the current bear market, but the bear market doesn’t seem to be the only problem that the market capitalisation of Dash is struggling with. Since March 2017 we moved from being a top 3 coin (93.63 USD / DASH) to being a top 30 coin (66.30 USD / DASH) in January 2020, while other projects (e.g. Litecoin) with less adoption and less development were able to stay in the top 10 and increased the price of a single coin over 10 times (2017: 4.06 USD / LTC 2020: 51.08 USD / LTC).

Historical Snapshot - 25 March 2017: https://coinmarketcap.com/historical/20170326/
Historical Snapshot - 12 January 2020: https://coinmarketcap.com/historical/20200112/


https://lh4.googleusercontent.com/3XdjK1aoPfNI04vsKIyXhgdHeXYK-qjLPpeZX6jqauYKYmyROcpAea1cDizVmPDqZPjdK2tDR0gNjbszNKlStxrBAzRHRfZjCcGl4cm3HPoWfiIAx4AIreHkFn2x71HtNHJXazYi

Compared to other blockchain projects the image and the position of Dash aren’t clear for outsiders. It’s hard to find out what Dash really is when you are searching for it on Google and take a look at the results for images or media outlets. The reasoning behind this might be the name of Dash itself, or the competitive advantage that Bitcoin and Ethereum are having because they were the first movers in their niche. Nevertheless Dash should be able to outperform European washing powder from the 1990’s and Amazon Dash Buttons, which aren’t available for purchase anymore. Dash needs to become recognized as Digital Cash - an emerging solution for global payments.

https://lh4.googleusercontent.com/Bdfjlq83lWgUlf8lYiKM5gxkv7T0sNFeqmga4RS0oJO2zq8FEvPKCqDxbrF_gdm3gB2pIrOOQeF4cgUWyKuOyGqsj4oGrMwiGcVSp8n2CoRLDpGQ_t9IxeZ1ZOvcvjpRbgrxXG9r

Besides the fact that Dash is not being recognized as a solution for payments it is definitely not being recognized as a future platform solution comparable to Ethereum or EOS. When things stay like they are right now then there won’t be any developers, companies or research institutes considering to build anything based on Dash Platform, because they will simply not know about it. The upcoming release of Dash Platform on mainnet is coming closer everyday. If we want people to use it and unleash the power of the masternode network, then we need to prepare ourselves BEFORE it is going live.

We believe that an overall strategy is needed to solve these problems. An overall strategy created in a transparent and comprehensible way by the DAO itself. A strategy on which all POs, DFOs and MNOs can agree on and which will allow all of us to look in the same direction and being focused on the most promising markets and opportunities. As mentioned above this process won’t be easy, because…


In a regular company strategy works like this

https://lh5.googleusercontent.com/OGsIRn3k8HSq48svtOg0j19fCsYaW7rPk-T8Op-avQPtf7NmzpJx7LjEpvJfWdQwjHvRWAObCFjHJr71kt5B-ld-CWBmPU5wr0AISaI6rlso1GWI0eE7ZwEOVZJc0ZFqBYbc1HiQ

In a regular company the overall mission and strategy are being created by a centralized management team which takes care of all analyses, definitions, markets, priorities and key performance indicators. All teams in such a company are following this overall mission and achieve specific goals. This “top-down” approach has proven to be very efficient and is serving the overall success of the company. 


In a DAO it works like this
https://lh3.googleusercontent.com/pCXVhAp_LpEqgu3jCMCgHR_PXWNswlmdMfgboKiQ9ycMX76YPxXVCM8YY7gq8qrSBWdVnW3mvmXGhSv0BNlLFo6XyIEeoeMdX-TMeiTDjRsnAD020N0ec4THKT7TOjdzq9PhI7Xb


Decentralisation is key to secure a network, but it can cause a lot of problems for the management of a project. On the one hand this is because there is no single entity guiding the way by providing an overall strategy which all other entities will follow. On the other hand even if there is an overall strategy, which most entities are aligned on, decentralization in management can still lead to huge inefficiency and redundancy and by this to a tremendous waste of money. Therefore, the impact of using funds and resources in a more centralized way would lead to a higher impact compared to all of the decentralized activities combined.

We are happy to inform you that we already have been able to overcome some of these problems in DCW (Dash Co-Working) as we are sharing resources like presentations, contacts and employees, but the strategy issue still remains. 


The current situation in the Dash DAO

https://lh3.googleusercontent.com/DR69M1T4ylUWoRu7b_7Umb6ZyTTTGU3nCntZr84wJ-7VMX3IQpJEXbeW4g8sI8t2JoLqB2xNMpJRowzVQQ4XoCR5kk0VdiSypx6SdhrNzkYArZcm6fqMa7iS0Kk6q7ggTNgFT3An

Even though most of the teams in Dash are somehow aligned with the overall mission that Dash is digital cash and by this will provide financial freedom for its users, most teams are following different strategies in business development and marketing. If different teams are following different strategies, they will start different activities to address specific target groups in several regions using different kinds of materials and messages at the same time. Due to a lack of collaboration these teams will neither be able to benefit from each others learnings nor create a picture of Dash for the public that is really representing what Dash is. It’s very unlikely that this scattered approach will enable Dash to succeed in one specific market (e.g. remittance) on a global scale. In addition to all the different activities that we are having in the DAO right now, each new team will start building its own strategy from scratch. 


How can we organize ourselves in a more efficient way and create one overall mission for the DAO? 
https://lh3.googleusercontent.com/7jGBF62jnXhGRlc20htQ3kooTreN3_JU9otXv2_EaMYX2QEzTqnfinlUfQ06dNkycFcOcjhigjoJCGft9U083UdG5hTDf-Q4pNWIahzL4HW0tfD1g__UGQ69ZU0ezyYxR1lVn5xm

The idea we are suggesting to address the problems mentioned above is to implement a Dash marketing board, which together with all marketing related DFOs could work on creating an overall strategy, define goals and take care of the implementation. This “bottom-up” approach would allow all DFOs to learn from each other and create one overall strategy while working on the same goals and using each others resources. 

Example: Let’s say there is an upcoming release for mainnet (e.g. DashPay) by DCG. The marketing board gets informed and decides to promote this with a press release, a blog post and on social media. The head of PR of the marketing board creates a briefing for the designer of one DFO to create the graphics and the copywriter of another DFO to create the text. When the release is done all other DFOs translate it. Same for the resulting blog post and the resulting social media post. When everything is ready to go the head of PR sends out the release to all media contacts of all DFOs, all DFOs publish their version of the blogpost and share it via social media by following a posting plan, organized by the head of social media of the marketing board. After that each DFO reports the results to the marketing board. 

The Dash marketing board would be able to merge all the learnings from every single DFO to a bigger picture and improve the overall strategy. Even though this would bring some kind of centralization to the DAO it would keep each team independent, but more important: this would unleash the power of the DAO.

Of course the same would work for any other kind of content, channels or materials like videos, pos-materials, websites and so on and so far.

Potential Problems: This structure will only work if we can find the right people for the marketing board and if all marketing related DFOs open up for collaboration and agree on the overall strategy created in collaboration with the marketing board, even if it might not be the strategy they personally are in favour for.

The responsibilities and the legal structure of the marketing board need to be discussed. At some point in time it might make sense to create a company for this, which owns all social media channels and websites etc. of the DAO and could be owned by the Dash DAO Trust. For now we believe that it is more important to receive input from masternode owners and get the collaboration started rather setting up another legal entity or company.


Why do we need research to build a strategy?

https://lh6.googleusercontent.com/QoVm5toG20NSsHxlji5qMzOPKE23cPoruhRgFh4J1g1EWpnC88hZVNOYfjxPgIwe_GA8lZDloh3mbv1UrZbiShkAEc-II-o6WnDHp77C15Vgm3OjDFyzz9Cz23Um9272JAvMSEnv

Even though it might be common sense for most members of the Dash community, we think it’s important to underline that doing research for creating a strategy is fundamental. 

In the beginning of Dash Embassy D-A-CH we were convinced that educating businesses about the advantages that Dash has to offer compared to fiat would lead to success in merchant adoption. While onboarding merchants we did a survey and realized that the majority of them were using Crypto-PSPs to accept crypto payments. By doing so these merchants never touched crypto at all. We always believed that those early adopters would follow the same ideology we do. It turned out that this wasn’t the case. It broke our hearts, but this research helped us to understand their needs, improve our strategy and become one of the most successful DFOs when it comes to business development and made Europe the region with the highest number of Dash accepting merchants worldwide.

Take away: Research might hurt, because it could reveal a truth that contradicts our  convictions, but it is needed to improve our efforts. 


Will we as a DAO be able to build the strategy all on our own?

https://lh3.googleusercontent.com/IR-pLLXPOp0bQGqIo7jvQS5WPZavfntoOrBEB_pIHD9fUFWRsahDjZaMjGHoIVxOVpHWjJe16zqAkUNjmyA4Mm55uCP3cXqipxJ5S9KnSzsnuPmWtYfIFZ2ZLBvCPJG9gocFePN5

All of us have been in crypto for a long time now. Some of us are working for Dash for several years. We went down the rabbit hole and are professionals in this industry. Even though this is a huge benefit in general the perspective from inside of the rabbit hole might block our view on potential opportunities outside of the cryptoverse. This is why we believe that at some point in time we will need consultancy from the outside to create a strategy that not only applies for people in the crypto-community, but also for private persons, companies and institutions from outside of our bubble. 


What could the process of creating a strategy look like?

https://lh6.googleusercontent.com/VNhHKldhyEdo55i5sFZxlPYWDISqS9n6wc5caF_njhBiET75mxMnx7TJdEWLeWsfr0Ayo_CK1a-SvWL_7aYKnZy7QWsa9KuP0VELdXWC3vDimO1ohkYu3R-i2szR3lkuIsNN_fR0

To get things started we believe it will make sense that one single DFO (operational management) works on a first draft of the strategy based on the research for a specific region under constant supervision of the Dash marketing board. Once this is done this initial strategy can be adjusted based on the research made by other DFOs and the Dash marketing board itself. 

The first step for this would be to create a working document including a definition of what Dash is, a market analyses (payment, crypto, remittance, investment, wallets, …), competitor analysis (fiat, crypto, wallets, …), SWOT analysis, goals, target groups and so on. We already started this for the DACH region. You can follow the progress here: https://docs.google.com/document/d/1gUMKOD8FbtgQtkQh6YKJY4RlW3_zE8BGa0UWvJ2WwnI/edit?usp=sharing 

In the next step this document could be shared with at least three agencies to explain to them what it is that we are looking for. Only with a briefing like this they will be able to create their pitches. Based on these pitches the operational management and the Dash marketing board decides with which of those agencies they want to move forward. It might be the case that it’s not only one agency, because the target groups we want to address might be very different from each other (e.g. Average Joe and institutional investors).

When the election is done - both, the operational management team and the agency, will be working on the “first draft of the strategy” (first paragraph of this chapter) under constant supervision of the marketing board.  As soon as this is done the strategy can be adjusted together with other DFOs.

After this implementation starts.

Notice: the Operational Management shown in the illustration above is an already existing DFO. It takes the lead on creating the strategy but is not the final decision maker.


Which team will start the process?

https://lh6.googleusercontent.com/2sErnISn-0WKedKUvsvqxKwTSn5SHNi7hrR7PsO-M1yQ8sc48ZpJXuHqcBXiWDyH6KCkPJmqaoCOaZdwlRLpbSCPkI_OniDIWStmbAxQZJrJCbDdl6LHIkiJADNY1mLUZT8DvqIw

Because of our achievements in business development, the changes in regulatory framework and the overall movement of the market in Europe we feel a strong need to start marketing activities in our region (DACH and other parts of Europe). This is why we would like to put ourselves forward and become the team, which starts the process of creating a marketing strategy for Dash. Jan Heinrich Meyer (@essra) used to work as a marketing manager for one of the biggest music festivals in Germany and as a new business manager and a business development manager for a marketing agency, before he started working for Dash. His past jobs included the creation and planning of marketing activities for several products and target groups. Because of his knowledge about the crypto-market and the payment industry and his experience in marketing he feels well suited to start the process together with all of you.


What are our goals for Dash?

Of course we already have some goals in mind, but as said during the whole proposal we want to create the strategy as a DAO. This means that after doing the analyses of the market and our competitors we need to agree on our main goals together.

This approach might be a bit unusual, but we really feel that this is the way to go.


What are the next steps?

https://lh3.googleusercontent.com/8YJ3YiJH9-UBETRavNmvJx6g_FVVxp6GAKQZhBRXa_kWbbL7EgvicQxpRcnMjhjq8WgPug2TDEM_cn-XU2PfCYREX38Aj8ICZ1_635dZK8WkXEVpuaMbUAF4P1z61YBD0lW3qYCE


Budget

https://lh3.googleusercontent.com/L7bgsx-cioSp6kZANioDz9fjzGexMRWomj6Xj9Vmc3GAl1r6MVEYHT11Mjtrs3Ws3zubKZKc4wGhaRN8SaRx4ENmK7MtalSwDgc1tInPwqYgAO5rdM4hAL8j04Ng-prn-062-zVg

Important: As this proposal does not pay Dash Embassy DACH itself, we will only be able to work on this, if our Business Development proposal passes. If this proposal fails, we will start to work on our own marketing strategy. 


Let’s go!

We are looking forward to a fruitful discussion and hope that all of you are interested in making this happen under the collaborative approach we have described. As said the whole process might become nerve-racking for all of us, but we strongly believe that the outcome will be worth it. We will keep you updated on DashCentral, DashNexus and on Discord.

Let’s make this happen - we hope for your vote!

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Discussion: Should we fund this proposal?

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0 points,7 months ago
UPDATE: we have been working on our marketing strategy paper during the past weeks. The section for market analysis is done and we are ready to report the first chapter, which is about payments. This video is one of many in a series. We are looking forward to your feedback and suggestions.

https://youtu.be/VEWU7I7DV3k
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2 points,8 months ago
--- Dash Co-working Marketing Strategy and Structure Proposal Update ---

Video Proposal Update - https://www.youtube.com/watch?v=3ibblUqsTvc

Link to Marketing Workshop Agenda Notes - https://docs.google.com/document/d/103V-MzkLfbpasmKI8Rc20ifuguuuNfReBSKHmLoOESQ
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-1 point,8 months ago
Thoughts on a potential marketing team: https://www.reddit.com/r/dashpay/comments/evikhe/assessing_dashs_personnel_strengths_towards/
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1 point,9 months ago
Since you Business Development proposal got the necessary votes for funding, i see no reason not to support this proposal anymore. You got my YES votes.
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4 points,9 months ago
We need more and better marketing. We already have the tech and features, but nobody knows about it. This will give us more and better marketing. It will give Masternode owners a real say in the process, which we have never really had. Our PR, who primarily works with Core is fine for what they do, but it's not outcome based scientific marketing like what is being discussed here. Slam dunk yes for me.

solarguy
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1 point,9 months ago
DACH is doing an excellent job IMHO. Do we want DACH to assume the burden of managing and improving other teams that are of lesser ability, or do we want DACH to focus on continuing the excellent work they are doing. I would say the latter.
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4 points,9 months ago
voting YES. Dash needs emphasis on Excellent Marketing, especially in 2020.
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2 points,9 months ago
It's possible that this one idea could be worth more than the entire main 380-Dash DACH embassy proposal, and since the main DACH proposal is obviously inevitable considering current MNO preferences, there's no point in opposing this. Also I am not impressed with Fernando's record as DCG's CMO, so the effort to step in and add some much-needed help in this area is appreciated.
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5 points,9 months ago
"I am not impressed with Fernando's record as DCG's CMO" - Yes, I have my reservations too. I see Tao doing his best to get things going, and he is not a marketing specialist.
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9 points,9 months ago
DACH: how would you proceed if your Biz Dev proposal is not funded? Is this something you'll help set up for the network regardless? I believe your proposed strategy is larger than any one proposal owner and it shows great leadership.

While I agree with ABJ that governance proposals should be 5 Dash only, maybe we shouldn't throw the baby out with the bath water over that. Right now, our current marketing strategy is "spray and pray", so we need something cohesive and that has a lot of accountability built in.

Imagine if every large milestone for Dash is coordinated by DCG, DF, DACH, CATV, Dash Brazil, PR/outreach, etc? Not as a mandate (yuck!) but only for the DFOs that want to collaborate voluntarily.

We have to do something now before the price skyrockets and we go back to being lazy and complacent MNOs.
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3 points,9 months ago
Sorry for coming back to you this late. First thing that I would need to do if the BizDev proposal does not get a funding would be to get a job. I hope this is not going to happen, because our upcoming events and meetings are very promissing.

In regards to this proposal I feel that I need to point out that co-working means utilizing existing DFOs to collaborate. This means that this proposal depends on severall teams funding status and not only us. Of course I'm willing (I can't speak for Sidem or Klaus here) to help to set this up regardless of the funding for our BizDev proposal, but I would need to do it in my free time and by that not available a lot and not able to work on the actual strategy. I hope this makes sense?

Right now I think everything that is needed is already contained in the description above. This means that every team can start to work on this immediately. It'll only need some coordination. That's why we suggested the board.

"We have to do something now before the price skyrockets and we go back to being lazy and complacent MNOs." - could't agree more. If we don't have a strategy when the price increases and the DAO has a proper budget again, we might not be able to spend the money wisely.

Long story short: I'd be willing to support the process of getting started regardless of the BizDev funding, but I would not be able to work on any part of the strategy itself without getting paid by the DAO. The suggested structure and process can be build without us, but I think it's very unlikely that something will happen without us, because nothing like this happened in the past.
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4 points,9 months ago
Thanks Jan, that makes sense.
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0 points,9 months ago
Appreciate the thorough response, essra.

I hope MNOs agree that the status quo is unacceptable and this puts us in the right direction.
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2 points,9 months ago
Voting ABSTAIN and monitoring your Business Development proposal. There is just no point funding this specific proposal, when your Business Development proposal does not receive funding also.
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4 points,9 months ago
I love this plan. I would love to offer my services to this new arm of Dash. This is my passion, and I would love to contribute whatever skills I can. Voting yes, and essra lets do a CATV interview about it.
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1 point,9 months ago
I’ll be watching for that interview. I remain interested in marketing for Dash and am always willing to learn or share experiences.
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4 points,9 months ago
We are happy to hear that and I'll be happy to jump on a call to discuss (no matter if on CATV or not).
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3 points,9 months ago
You had me until the last line of the proposal:

"As this proposal does not pay Dash Embassy DACH itself, we will only be able to work on this, if our Business Development proposal passes."

You're telling me that if I want to support this governance proposal (which asks for 15D rather than the 5D it cost to make it - why?), I also have to support paying 381D to a completely different proposal.

That doesn't make sense.
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5 points,9 months ago
I don't think this proposal should be viewed as a polling proposal. I think it should be viewed as a proposal with a specific condition. The condition being tied to successful funding of their Business Development proposal. Personally i think it would have been better if DACH created this proposal in a later stage, after a possible funding of their Business Development proposal.
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1 point,9 months ago
In fact it's not only about us. I'll quote myself from above to explain:

"I feel that I need to point out that co-working means utilizing existing DFOs to collaborate. This means that this proposal depends on severall teams funding status and not only us."

I hope it's ok for you that I used the quote to answer your comment.
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3 points,9 months ago
It does. Of course you can vote for this and against our BizDev proposal, but then the DACH team will not be able to work on it, because we will need to get another job to pay our bills for at least one month. But of course other teams could move forward on the decission of the network without us. If this is what's happening, we will pay for their travelcosts.

But if you are feeling bad about this that's absolutely fine.
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-1 point,9 months ago
Thank you amanda for being so vigilent!
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3 points,9 months ago
A very sensible idea
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1 point,9 months ago
Why do you need 10 dash for travel expenses for a physical meeting with Fernando Gutierrez in Switzerland? Get on the computer, do a video conference and save $7000.
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2 points,9 months ago
700$ sorry typo
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3 points,9 months ago
Having physical kickoff meeting is making a big difference when you are about to start working on a strategy compared to having a video call. This is why we calculated 10 Dash for travelling.
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-5 points,9 months ago
Voting NO, it seems as if dach wants $$$ to even lift a finger.

Btc et al, dont have ambassadors that are paid this way..

This ill conceived idea of embassies imo
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5 points,9 months ago
We are working for Dash in fulltime. This is why we need a salary. But this proposal is not about a salary.

"even lift a finger" - you can find a link to a document in the propsal text above which shows that we already started working on this.

if you don't like the whole concept that's absolutely fine. this proposal was submitted to start the conversation.
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