SHORTY SOCIAL GOOD AWARDS DEADLINE EXTENDED! ENTER BY AUGUST 30TH

2nd Annual Shorty Social Good Awards Categories

Entries for the Shorty Social Good Awards are open now! Official categories listed below.
The regular deadline is August 30, 2017

From the 9th Annual Shorty Awards

OnDeck Seal of Approval Contest

Entered in Contest or Promotion, Financial Services, Facebook Partnership, Integrated Campaign

About this entry

This is the second year in a row OnDeck partnered with entrepreneur and Shark Tank judge Barbara Corcoran to celebrate small businesses. We teamed up with Barbara because we both care deeply about the same thing: the success of small businesses and entrepreneurs. Our 2016 Seal of Approval contest asked entrants, "What would you do with $10,000 from OnDeck and advice from Barbara Corcoran?" Three small business owners had the opportunity to win $10,000 from OnDeck, a chance to pitch their business to Barbara on The Rachael Ray Show, and a scheduled one-on-one coaching session with Barbara in January 2017. Access to capital and marketing are small business owners' two biggest challenges – our contest provides a solution to help solve both of these challenges. This year, we focused our strategy with the contest to more closely support the overall goals of the business – which was to reach more small business owners and provide a path for them to become part of the OnDeck ecosystem, as well as increase brand awareness through social and traditional channels. We wanted to accomplish this while at the same time provide three lucky entrepreneurs even more promotional opportunities thanks to a national television appearance, as well as social media promotion, from Barbara.

Why does this entry deserve to win?

The 2016 Seal of Approval Contest was primarily a mobile-optimized Facebook campaign lasting four weeks and promoted holistically across all OnDeck properties and channels.

With a custom Facebook tab, our goal was to drive entrants to the page, have them submit their story, stay on our page to learn more our business, and eventually like our page. We also used the contest as an opportunity to capture contestants' email addresses and ask them if they wanted to be opted in to our email newsletter. This way, we could extend the life of the conversation with our entrants beyond just the lift of the contest.

We issued a media alert for a launch-day satellite media tour with Barbara to generate publicity. The advisory was a hit, and on October 18th, Barbara conducted 35 radio and television interviews, including Bloomberg and Reuters, in just a few hours. A healthy mix of live and taped interviews allowed the excitement of the contest to extend beyond launch day.

We also implemented Barbara-branded pop ups on our website and blog to direct visitors to the contest tab on Facebook. In addition, we included the content in our email newsletter to current and past customers, as well as our applicant database. Barbara posted about the contest three times to her 430,000 Facebook fans and 547,000 Twitter followers during the duration of the contest. We worked with an influencer agency to identify and mobilize 85 social media influencers to post the contest on their owned properties.

While not advertised in the contest, the three small business finalists had a surprise all-expenses paid trip to New York to "pitch" Barbara on The Rachael Ray Show, which averages 1 million viewers. The segment aired on December 6th, where they were all officially named winners in front of a live audience.

Our holistic approach across our social and traditional channels, in conjunction with Barbara's influencer status and social reach, along with a surprise appearance on national television, propelled our winners forward and showed that OnDeck is a true advocate for small business.

Results

We increased our overall brand awareness among small business owners in several areas:

  • The number of contest entries increased year-over-year by 76% - nearly 600 in 2015 and 1,000+ in 2016. We drove this success through an integrated and holistic promotion schedule, as well as a mobile-optimized page. We actually put less dollars behind promoting our posts, which speaks to how critical a promotional strategy is to campaigns like this.
  • As a result of Barbara's and our influencer agency's reach, and our mobile-friendly design, Facebook activity ticked upward: Year-over-year organic Facebook likes improved 38% during the contest's duration, Facebook page visits increased 222%, and our website saw a 277% jump in traffic from Facebook versus the 2015 contest.
  • Barbara's satellite media tour saw about 2.14 million listeners/viewers tune in to live and taped interviews. Between Barbara and the additional activated influencers, over 132,000 people were reached organically through branded Facebook content. The influencers generated nearly 8,000 earned social media engagements.
  • From a traditional media perspective, we received coverage in seven outlets, including local media for each of our winners, like The Denver Channel, Lehigh Valley Business, and The Baltimore Sun. OnDeck received several on-air mentions, including an unexpected "endorsement" from Rachael Ray on her show.
  • Produced by

    OnDeck

    Links

    Entry Credits

    About the Shorty Awards

    The Shorty Awards honor the best of social media.

    Millions of people participate in The Shortys to recognize individuals and organizations producing great content on Twitter, Facebook, Tumblr, YouTube, Snapchat, Instagram, YouNow, Musical.ly, Vine and the rest of the social web.

    The Shorty Social Good Awards will be held October 2017 in NYC, Date to be announced shortly.