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Cheapster	
  
Crea&ng	
  a	
  a	
  new	
  genera&on	
  of	
  
  banking	
  customers	
  with	
  a	
  	
  
   web-­‐based	
  reality	
  series	
  
The Target: Millenials	
  
•  Ages	
  16	
  to	
  33	
  
     –  Raised	
  on	
  praise	
  
     –  Tech	
  immersed	
  
     –  Key	
  events	
  were	
  9/11	
  and	
  Great	
  Recession	
  
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	
  
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	
  	
  
This Is Cheapster	
  
Cheapster Facebook	
  
Cheapster Facebook Content	
  
Cheapster Episode Page	
  
Cheapster In The News	
  
Cheapster Results	
  
•  Since	
  beginning	
  the	
  campaign,	
  number	
  of	
  accounts	
  
   opened	
  from	
  this	
  demo	
  are	
  up	
  20%	
  
•  Season	
  Two	
  of	
  Cheapster	
  now	
  underway	
  

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Creative Slamdown: How to Sell Mundane Products

  • 1. Cheapster   Crea&ng  a  a  new  genera&on  of   banking  customers  with  a     web-­‐based  reality  series  
  • 2. The Target: Millenials   •  Ages  16  to  33   –  Raised  on  praise   –  Tech  immersed   –  Key  events  were  9/11  and  Great  Recession  
  • 3. 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  
  • 4. 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    
  • 10. Cheapster Results   •  Since  beginning  the  campaign,  number  of  accounts   opened  from  this  demo  are  up  20%   •  Season  Two  of  Cheapster  now  underway