How to nail your rebranding
Businesses inevitably face the need to rebrand. It’s not a bad sign, it just means a business has grown past its current identity and needs a look that truly represents them. Before you leap, make sure you’re rebranding for the right reasons… not just because you’re bored. Maybe your business is/has evolved? Have or are changing direction? Maybe you’re no longer inspired by your brand and your customers aren’t either – or it reminds you of corduroy bell bottoms – dreadfully stuck in the past.So What is a Rebrand?
It’s an update of a business’s goals, messaging and culture which are reflected in the brand’s look and feel. One that hopefully improves your position with existing customers and your first impression with potential customers. What it’s not: just a name change. Remember, if it’s not broken, don’t fix it. Only rebrand if your business needs it. Unnecessary or poorly considered branding decisions can scare off customers and confuse existing ones, who will end up leaving you. If you have strong brand equity, consider what might be lost before you change. So, how do you do this?
Firstly: what are the reasons behind the rebrand?
Understanding why you want to rebrand will guide the process. Knowing what end result you desire can help in all sorts of branding decisions. Here are some factors to consider and what impact they would have on your rebrand.- You are fundamentally changing your business - your offering, how you operate, target demographics; anything that might mean you need to appeal to a different audience or communicate a different vision. If you know who you're targeting in the future, this will help inform any new branding decisions, like colours and style.
- Your brand is looking a bit stuck in the past. This one is fairly easy to spot - you might just need to update your assets to a more modern palette or style. Rarely a business might need to rebrand because it harks back to a passe trend or societal norm that is no longer relevant. In that case, careful understanding of where your market is at now will be important.
- The competitive landscape of your industry is shifting. There might be new players entering the market, or you need to adapt your messaging to keep up with what others are already doing. In this case, you'll want to do some competitive research (or ask us to!) to understand what needs to change and how.