The terms brand, branding, and rebranding are thrown around a lot these days and the concepts can be a bit overwhelming and confusing. If you are feeling this, you're not alone!
What you need to know before attempting a rebrand
There is a lot of jargon out there that doesn't really explain what rebranding is or what a good rebranding process covers. So, we’ve put together this guide to cut out the unnecessary crap and help you navigate through all that indecipherable advice online and get to the facts you actually need.
But first, let's start with some definitions.
What is a brand?
The most misused term in marketing.
A brand is the definition people hold in their minds about your company and the products/services it offers. It’s a collection of emotions, senses, and memories.
A brand is built in two ways: by what you tell people and by what they experience.
Your brand reputation is either created and managed with great intention or it grows organically over time (sometimes not in the direction you want).
The concept of a brand is a bit squishy and intangible but can be incredibly valuable when cultivated and grown to support and align with your business goals.
<soapbox>Unless you own a ranch and are a cowboy/girl, your logo isn’t your brand. A logo cannot create the perceptions, experiences or impressions a person has about your company. A logo does not communicate who you are, a logo is just a visual identifier and a visual asset of your company. </soapbox>
What is branding?
Branding is the intentional and strategic shaping of what people think and experience with your company’s products and services.
It's about taking every opportunity to express who you are, what value you offer and what makes you unique. Ultimately, when your company name is mentioned, you want to already have a definition of who you are filed away in the mind of the audience.
Once a person interacts with your company or hears about interactions others have had, they form an opinion of who you are and what you provide. Filing that information away in their mental filing cabinet for later use. That perception may be on target or way off base. Either way, to them, that is your brand.
You can affect their opinion of you through clear consistent messaging and by building your reputation through making promises and delivering value again and again.
Branding should be purposefully integrated into all aspects of your business, from the way the phone is answered to the way you sell and deliver your products and services.
Great brands focus on the little details as much as they do the big ones. If you have ever been to a Disney park or on a Disney cruise, you know the level of detail I'm talking about. It’s impressive.
You don't have to be a huge company to pay attention to branding. They spend billions because their market is HUGE. How big is your target market if you focused on the most ideal customers?
What is reBranding?
Rebranding is a process you undertake when you have either outgrown or outlived your current brand and you want to rethink and reformulate the foundation of your brand and the strategy that supports your sales and marketing efforts.
Rebranding is not a surface task. It is not tweaking your logo and updating your color palette. Just like repainting your front door is not remodeling your home.
Rebranding is about taking the opportunity to evaluate, research, rethink and revitalize the foundation of who you are as a business and how you market your company.
It is about finding and promoting your advantage in the market. And rebuilding your brand foundation to support your marketing strategy.
Bring clarity and simplicity to your message. Align your team. Revitalize the companies energy… and go kick some butt in the market.
What is a rebrand and why do it?
When you start with business goals and then proactively develop and build your business brand, you can attract the right opportunities for the right reasons. When you fully express who you are and what you stand for in this world, the right people show up.
There are so many different reasons to rebrand, including:
- It’s a great opportunity to reconnect and revitalize the energy in your company
- Having a clear brand message improves a prospect’s recognition of you as the obvious (and best) choice
- A consistent and remarkable brand makes it easier for the sales team to deliver referrals
- Having a strong brand (with clear values and mission) will inspire employees
- A solid brand foundation and strategy makes business decisions easier – your brand is your business perspective through which decisions can be filtered
- You will know the answer to “is this on or off-brand?”
- Branding can pre-build trust and credibility
- Building brand value directly ties to business opportunities and financial return
- The most profitable companies, regardless of size, have one thing in common: they have established themselves as a leader in their market by building a strong brand
- … do I really need to go on?
Conversely, if you are unconcerned and ignore your brand, it will deteriorate and you will be known as your category. Just an engineering firm, just another general contractor or even more generic, just a business owner… (insert ominous music).
That is what I call the accidental commodity. Commodities are interchangeable and compete on price.
How do I know it’s time for a rebrand?
- You’ve outgrown or outlived the brand (visualize a brand wedgie… sorry, not sorry)
- Your products/services rock but you are blending in with the competition
- You are tired of continually competing on price
- Your outside image (website, social media, Google) does not match who the company is on the inside
- Your messaging is confusing and inconsistent… or bland
- You are starting to become interchangeable with other vendors… the word “vendor” is used to describe you
- You try to be everything to everyone, making you a generalist and not a specialist
- You've had a big change in product or service offerings but no one knows it
- You have a sales-killing, outdated website that is no longer an asset
- You are embarrassed by your marketing materials and apologizing before you give your web address
- You feel guilty for neglecting your branding and marketing, but you don't know where to start
- A market evolution has left you behind and you need to catch up
The goal is to research & evaluate, create a plan, then take intentional steps to grow and possibly alter your reputation, actively manage and bake branding into everything you do.
When done right, a rebrand can pull your team together, simplify everything and give the business the verbal and visual tools everyone can be proud of.
What is the rebranding process?
- Brand Audit – Evaluate the brand from the outside
- Brand Blueprint – An internal deep dive, defining issues, finding opportunities and creating a strategy
- Brand Foundation – Create positioning, messaging, differentiation, visual identity, clarify core values, mission, brand promise, etc.
- Beyond the Foundation – Buildout high-priority brand assets based on the finalized brand foundation and strategy – website, sales tools, trade show display, marketing strategy, etc.
Who should I hire for a rebrand?
A brand strategist. Good branding involves great design, but it doesn’t start there and design alone does not make a great brand.
Many design firms have added branding to their services recently. Being a fantastic designer does not make you a great brand strategist. Designers build – based on plans someone else developed. A brand strategist starts from scratch. They create the plan and engineer the foundation and structure to support the marketing strategy and meet the needs of the sales team.
A branding firm will help you create the desired perception within the minds of your ideal prospects. They will create your brand strategy, positioning, messaging and all the components of your visual identity. Then bring it all together as they build out your high-profile brand assets like your website and marketing materials.
With a branding firm, you do not need to connect the dots for them. There’s no hand-holding required. Their superpower is seeing connections and bringing clarity to complex situations.
A good strategist will guide you and your team through their process and help connect the dots between offerings and your ideal client’s needs. They will ask a lot of questions, conduct a lot of interviews and provide valuable insight on how to meet your goals.
We are brand strategists.
Our specialty is to work with successful medium-sized legacy businesses that have outlived their current brand. They need help revitalizing and rebooting their brand from the inside out.
Many clients I work with are at a fulcrum event in their history (this could be a big anniversary, a pivot into a new market, a merger/acquisition, increasing valuation for eventual sale/exit strategy), or simply they are ready to pull branding off the back burner and shake things up in the market.
If any of this resonates with you, let's connect and talk about what is going on and how we can help.
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Tracy O’Shaughnessy Founder / Lead Brand Strategist of Branding & Beyond
Tracy and her team help B2B firms in the construction industry look and sound credible online and off.
She has been in the industry since the early '90s and is tired of great companies being treated as commodities and competing on price because they don't look and sound as credible as they really are.
You can find Tracy on Linkedin and here on this blog.