Rhonda Crawford is the VP of Digital Media & Innovation at USAA. Last year her team was responsible for delivering both online and offline member communications that generated an estimated $172 million in revenue through product, service and advice content, and drove another $145 million in new assets through customer-facing webinars.
Lots of folks think that word of mouth only works for flashy products. How has USAA turned banking, investing and insurance into a talkable product?
Great question. I tell you what, with what’s happening in the economy right now, personal finance is top of mind. So it’s definitely talkable in that sense. But still the reality at the end of the day is the average American spends more time planning their vacation then planning their retirement. So we what we have done is really activated communities. The interest in these groups has been more around connecting in conversations with our experts, employees, and certified financial planners almost more so than member to member. We think as that conversation and dialogue grows and that communities grows then those conversations will expand into other conversations strings.
How has your brand’s story driven its word of mouth?
Well, I would say that we are one of the original word of mouth companies on the Fortune 200. We were founded in 1921 and literally began out of hotel here in San Antonito, Texas of a group of army officers deciding to basically insure each other. Out of that grows this Fortune 200 financial services company, but it was built on word of mouth. So our members would only talk to those friends that they wanted to be part of this insurance pool and word of mouth has been key to our growth.
You don’t see us buying Superbowl commercials. We only now, here at the nearly 88 year mark, are starting to do any type of television adverting. So I think that word of mouth has been our number one marketing tactic since 1921. It was very natural for us, as opposed to others in highly regulated industries, to want to be in social media. So I would very much put USSA among the fan brands, right there with Disney, Coca-Cola, and Apple. I think you see that on our Facebook page and the tone of our Facebook fan. I really don’t look around at my competitors and here people saying about them, “(fill in the blank with a competitor) is the bomb diggity,” or “If (competitor) were a man, I’d marry him.” But those are the kind of tweets and Facebook comments that we see on a daily basic with this brand.
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Rhonda will present at WOMMA Summit 2010, Nov. 17-19. Her session is titled: Igniting WOM Through Influencers and Innovative Ideas.














