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Cheapster Crea&ng a a new genera&on of banking customers with a webbased reality series

Creative Slamdown: How to Sell Mundane Products

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Page 1: Creative Slamdown: How to Sell Mundane Products

Cheapster  Crea&ng  a  a  new  genera&on  of  

banking  customers  with  a    web-­‐based  reality  series  

Page 2: Creative Slamdown: How to Sell Mundane Products

The Target: Millenials  •  Ages  16  to  33  

– Raised  on  praise  – Tech  immersed  

– Key  events  were  9/11  and  Great  Recession  

Page 3: Creative Slamdown: How to Sell Mundane Products

The Challenge  •  Millenials  are  Financial  Procras&nators  

–  Serious  lack  of  financial  knowledge  –  Parents  are  s&ll  key  players  in  their  finance  decisions    – Money  management  is  seen  as  a  necessary  evil,  and  banking  is  

seen  as  something  for  the  future  

Page 4: Creative Slamdown: How to Sell Mundane Products

The Approach  •  Ditched  the  tradi&onal  student  ad  campaigns  of  the  past  

•  Created  our  own  online  media  content  

•  Made  frugality  fun  and  offered  sound  money  advice    

Page 5: Creative Slamdown: How to Sell Mundane Products

This Is Cheapster  

Page 6: Creative Slamdown: How to Sell Mundane Products

Cheapster Facebook  

Page 7: Creative Slamdown: How to Sell Mundane Products

Cheapster Facebook Content  

Page 8: Creative Slamdown: How to Sell Mundane Products

Cheapster Episode Page  

Page 9: Creative Slamdown: How to Sell Mundane Products

Cheapster In The News  

Page 10: Creative Slamdown: How to Sell Mundane Products

Cheapster Results  •  Since  beginning  the  campaign,  number  of  accounts  opened  from  this  demo  are  up  20%  

•  Season  Two  of  Cheapster  now  underway