Lumin8 : Reasons to Rebrand

Rebrand | Reasons to Rebrand

Who are you now?

Your brand is who you are and changing it should never be considered lightly but here are 5 reasons why making that change could be worth the risk.

1. To distance yourself from a negative event

Sometimes when a bad image has nothing to do with you but is the result of an evil doppelganger moving in and positioning itself in your market, as was the case with the ISIS chocolate company and the Tea Party Bookshop, the only thing you can do is make the change and move on. Just make sure your new direction is better than the one you are moving from or you can end up paying the price twice.

2. To clarify or better define a nondescript brand

Change can damage a brand if not handled properly but so can obscurity. If nobody can remember you, or wants to, then perhaps a change is exactly what you need. People need to know who you are and what you are about before they will trust you. Whatever you have to say, make sure it's loud and clear.

3. To better represent an evolved product or service

Everything evolves and your business is no exception. To be a success means learning to accept and even encourage change when necessary. If your product or service of five years ago no longer accurately represents what you currently offer then why are you still telling your customers it does? Make sure everyone is speaking the same language by giving them the brand that spells it out in no uncertain terms.

4. To change your target market

Having your business grow can be a sure sign that you are doing things right but while growth can be a good thing it can also present its share of challenges. How do you sustain it? Sometimes those smaller clients you have been courting just aren't enough to pay the bills anymore and it's time to kick things up a notch. Looking the part of an industry leader can mean the difference when landing those bigger clients and when it does, it's time to go big or go home.

5. To rejuvenate interest in the market

Sometimes things get stale. It happens to cookies and bread and it can happen to you. If it does, don't just resign yourself to obscurity; dust yourself off and get a fresh conversation started. Rejuvenating a brand can shake things up and though some of the feedback may be negative, at least people have started talking. Where you take the discussion from there is entirely up to you.

Is It Right For Me?

Not sure if a brand change should be in your future? Reach out to us and get started with a brand audit that can get you the answers you need.