Thursday, December 26, 2019

5 tips for successful Re-branding

Branding is important for every business, irrespective of its size and nature. Having a brand will help people recognize your business, helps depict the company’s message for all customers, and is a guiding path for the employees of that brand.

When you brand your business, you set goals and directions which all employees follow and know what they have to aim for.

But sometimes, you have to re-brand. It is a huge decision as re-branding a brand that is already quite famous and known is a leap of faith. But getting confined to a specific portfolio can be more damaging, and re-branding becomes important.

If you are thinking about re-branding your business, here are some expert re-branding tips that can. Also, if you are not sure why re-branding can be good, let’s read about why sometimes it is needed.




Why Re-branding?

Most of the time a business re-brands due to competition:
  1. Setting yourself apart from the competition is crucial, and re-branding helps with that.
  2. Sometimes your brand and a competitor’s brand may emote the same emotions through their branding. In such a scenario, re-branding is important.
Also, some brands re-brand to drive more traffic, even though their current brand is working great, but change is good, and it can be more beneficial for a brand.

Re-branding tips

Establishing the idea or purpose behind re-branding
The first thing you need to do is understand why you want to re-brand your business is to ask what is the purpose or idea behind doing this? What do you want to accomplish with this new brand, what is your vision, and so on?
Do you want to drive more traffic or you want to create a new image for your brand or market a new product? Having answers to all these questions are important if you want to successfully re-brand.

Research
You now know why you want to re-brand, but before you make it a reality, you need to focus on other things as well. Like what is the route you should take and for that, you need to research. Whether you are changing your logo or name, you need to take a survey to make sure it will appeal to your new as well as old customers.
You can even ask your customers and what they think about your brand image. Take their feedback into considerations while re-branding.

Make sure all the key players are on the same page
A lot of people are part of a business and are involved in the decision-making process. Stakeholders, the board of directors, managers, and even employees of a business needs to be on the same page when it comes to re-branding.
You cannot re-brand if even one person has apprehension towards it because they also need to work towards promoting the new brand.

Be consistent
Re-branding does not mean that you completely change your brand. You must keep some colors or graphics or elements so that people can identify your new brand with your business. If you change it completely, people will not be familiar with your business. So keeping some things consistent is crucial.

Have a story
Even while re-branding, your brand needs to have a story. People need to have the answer to why they should purchase or use your services/products. It doesn’t mean that you present a lot of ads, but simply that you connect with people on an emotional level and solve their issues.

Re-branding is good for your business, but plan properly so that it doesn’t backfire.

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