While relaxing over the Thanksgiving weekend you might have noticed a new trend occurring in television while watching the games: six second ads. As companies look for innovative new ways to get their products in front of consumers they have begun testing out ultra quick TV ads during a break in the game action.
Leading consumer lender SoFi has always been know for innovation and their recent marketing push is no exception. During the weekend of Thanksgiving NFL and college football games SoFi placed ads throughout many of the games. I saw quick form six second spots and as well as the more traditional longer spots. Not only is the form of the ad changing but the substance of the ads is just as innovative as they present their products in a new way.
SoFi is focusing their message on the consumers lifestyle, presenting an understanding as to why someone needed to increase their credit card debt. College tuition, a sickness or a home expense, these life events happen all the time and the message is that SoFi is now here to help you consolidate that debt in the form of a personal loan. They are clearly appealing to their core base of customers, younger and more affluent families as they hope to be their lifetime financial services firm.
They also placed a Black Friday circular with several national newspapers which you can see in the photo below. The ad is a clever take on the typical sales fliers we all see around this time of year. But instead of an ad featuring low prices we see an ad touting much higher prices. The message is that if you are buying gifts on credit cards this holiday season and carrying a balance you will be paying a lot more than the advertised price. It is a message focused on smart spending, giving a better look at the true costs of products when financed. [Read more…]