In this blog we give you the tools to answer that age old question… Should I rebrand? Or does my company just need a refresh?
Most would think that a rebrand is ten times the work (and price) of a refresh, so opt for the refresh. Some agencies charge ten times more for a rebrand because they think they can. But in reality, both options are around the same amount of work, you just need to decide where you want your brand to go.
Let’s have a look at the different arguments behind each option:
So, what are the reasons you should consider a rebrand?
This could be a sign that your brand is failing you. A lot of trust from consumers is based on their experience with the brand, before the thought of a purchase is even considered. If you brand looks out of date or unsightly you will lose business this way. One consideration however is that while fortune favors the brave, a certain level of homogeneity does make sense to keep your brand recognisable.
For example, if you use to sell bananas at your local market, but now you sell high-tech microchips, you don’t want to keep the same branding. Now I know companies wouldn’t make such a drastic change in offering, but if you do change your offering to a different field or industry it makes sense to match your brand. The benefit of this is you aren’t trying to uphold your brand’s recognition, so a change to make it work would be of benefit.
This is quite an extreme one, but there is such thing as a brand looking like it has been created using clipart - it is real, I’ve seen it! Sometimes your brand might not even make any sense, we all remember the olympic logo disaster of 2012! It could be worse though, Mastercard recently rebranded and very quickly ditched the new brand.
Why should you just consider a refresh then?
If you have been in the space for a while and have worked up a (good) reputation, your brand may just need a quick spruce to bring it up-to-date. Having a recognisable brand is essential to customer trust, if you then have a complete rebrand it could backfire and lose you business. Some brands have barely changed for over 100 years!
With trends in the design world changing day by day it is hard to keep up with current trends, especially in large organisation where a brand refresh could take up to 12 months. This is one of the most popular reasons to refresh your brand, many large companies have undertaken this to great success.
Now, this is close to the point I made earlier about your offering changing, but it is not to be mistaken with said point. With technology changing the world around us, so do our markets and target audiences, this isn’t something you have decided or (generally) have influence over. It just happens. And because it happens, your brand has to be able to adapt with the change.
With that all said, it is still a hard decision to make and something that you should enlist professional advice for. So talk to your in-house creative team or your creative design agency and get their opinions on the current state of your brand.
Have I missed any reason why you should rebrand or refresh? Let me know!
In this toolkit you will be guided through the steps to start building out a brand strategy for your business or yourself. This is going to help you fine tune your marketing efforts to make sure your brand is memorable and engaging for your ideal customers.
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