Tuesday, April 8, 2014

Moving day has come and gone, now visit our new home!

Turtles have it easy. 

Snails, too, come to think of it. For those fortunate few who carry their homes on their backs, moving day is no different than any other day. Those of us who live in more permanent structures have a harder time of it. 

Luckily, we're very happy with our office location here at PMA, so we won't be breaking our backs carrying heavy boxes any time soon. But our website has moved, and so has this blog. Won't you come wish us a happy housewarming? 

Check out our new website at www.pmaadvantage.com...

Catch up on any MarketPulse articles you might've missed...

Get info on our diverse marketing offerings. We've got everything you need to succeed and grow as a commercial insurance producer: from consultative telemarketing and lead generation, to the content-rich BtoB Advantage email newsletter service, to 20/20 Sales Training modules based on 30 years of PMA's insurance marketing experience...

Download our free Guide to Commercial Lines Prospecting Success...

And leave a comment or two to let us know what you think of our new home, or shoot us an email at info@pmaadvantage.com. We look forward to hearing your feedback. 

Monday, January 13, 2014

Harnessing the Force of Familiarity




Imagine that you’re leaving your office building at the end of the day and you see a guy grab a woman’s purse and run down the block. You’re feeling fit and know you can easily catch him and retrieve the purse, but you’re carrying a heavy briefcase full of paperwork. There are two people standing beside the entrance there – you don’t know either, but one person is somewhat familiar because you’ve seen him a couple of times in the elevator. Which one do you ask to watch your briefcase so you can catch the thief?


Studies show, and most people would agree, that the (even slightly) familiar person is the one you’re most likely to trust with your briefcase.  This is an example of what social scientists refer to as the Familiarity Principle or the Mere Exposure effect.


People have a psychological tendency that causes us to prefer an option that we have been exposed to previously to an option we’ve never encountered, even if the exposure to the first option was brief.
The reason most people will buy a particular brand when they’re shopping at the supermarket – especially one they’ve never tried before – is because it’s familiar. Advertisers, of course, know this very well.


By simply becoming familiar with a name, a logo, or a brand, people grow to feel more comfortable and trusting.  And how does trust and confidence grow out of that initial familiarity?


Sociologists explain that familiarity deals with an understanding of the current actions of people or brands, while trust is about future expectations. Familiarity and trust complement each other.  If you’re familiar with a brand it’s likely you’ll have reasonable expectations for its reliability.


By making your agency brand increasingly familiar to both prospects and clients, you’re creating and strengthening a bond of connection. Familiarity is the ground that leads to confidence and trust. And trust is really the glue that keeps business relationships strong.


You’re probably acquainted with the idea that you need to “touch” prospects six or seven times before they’re ready to do business with you. That’s one example of the Familiarity Principle at work.

Most business relationships don’t happen overnight. It takes time and engagement to build flourishing connections. And familiarity with your brand is just the start. You’ve got to let people know you’ve got the “right stuff.” Both clients and prospects need to be supported and nurtured so that trust and confidence can develop.

You know how competitive it is out there. Customer loyalty isn’t something to take for granted, nor are prospects’ interest and receptivity. Those qualities have to be cultivated through repeated experiences. It all begins, though, by getting known and familiar.