It all started with a groundbreaking company that just wanted to encourage more interest amongst girls in science, technology, engineering and math (STEM). Who could predict that Goldieblox would become the first small business to advertise during the Super Bowl?
In 2014, Intuit ran a contest to award one small business the opportunity of a lifetime — the chance to advertise during the big game. GoldieBlox won the contest, won the Super Bowl audience over with a great ad and has been growing rapidly ever since.
This year, it’s Death Wish Coffee Company‘s turn. The self-proclaimed Home of the World’s Strongest Coffee has an incredible opportunity to reach millions around the world in 30 seconds. As big fans of good coffee and fellow small businesses, we hope Death Wish Coffee Company becomes a household name after OWN IT airs during Super Bowl 50.
With small businesses starting to make appearances during the big game, it shouldn’t be all that surprising that one is making the trip on its own. Alternative lender Social Finance, also known as SoFi, is dropping some serious cash — 20% of its annual budget — to introduce itself to the world.
Here’s the catch: like most startups, SoFi’s ideal customer is a specific niche market — qualified millennials who want to refinance student loans as personal loans. The company began to expand its offerings to mortgages and some consumer loans last year and expected these areas to overtake refinanced student loans as its largest areas of business by the end of 2015.
Still, is it worth it? Will SoFi’s 30-second spot reach enough members of its target audience (either directly or indirectly) to achieve its goals? While SoFi has a much larger budget than most startups and small businesses, the company is still taking a huge gamble to introduce itself to the world. Plus, the financial sector hasn’t been a major player in Super Bowl advertising of late. Will SoFi win big or lose it all to one ad?
If you had the budget to advertise in the Super Bowl, would you? Would it be the best use of $5+ million dollars for your company? I’d love to hear your thoughts. Please let me know your decision in the comments below!
p.s. What are your Super Bowl 50 predictions — winning team and advertiser?
Super Bowl dreamin’,