4 Misconceptions About Rebranding Your Business
4 Misconceptions About Rebranding Your Business
As businesses evolve, they may need to consider rebranding to better align their brand with their objectives and target audience. However, the idea of rebranding can be daunting for brand managers. With change comes risk, and rebranding involves transitioning established brand equity from one form to another. But the key to making the right decisions at the start is to remember that rebranding always sits downstream from business strategy.
Unfortunately, there are common misconceptions about rebranding that can work against successful outcomes. Ravyn Design debunks four of the most common myths to help businesses better understand the process of rebranding. With the help of a digital rebranding agency, businesses can participate in a strategic rebranding process that aligns their brand with their goals and target audience.
1. “Returning Clientele Won’t Be Satisfied With The Change.”
Depending on the scale and quality of your business’s rebranding, the reactions from clientele can range from dissatisfaction to pleasure. For example, if the new brand identity has only merely changed from the previous branding, loyal customers will notice that the difference is at a small scale and may not react strongly. However, the key to a successful rebranding effort is to communicate the changes effectively to customers and to ensure that the new brand identity resonates with them. If the changes are drastic and not communicated effectively, loyal customers may feel disconnected from the brand and be more likely to switch to a competitor. Therefore, it is crucial to approach a rebranding effort strategically and ensure that it aligns with the brand's values and resonates with both existing and potential customers.
Rebranding can be a powerful tool for companies looking to refresh their image or refocus their messaging, but it's important to approach it thoughtfully and with a clear understanding of the potential impact on customers.
2. “Rebranding A Business Alters Its Core Values.”
Contrary to popular belief, although some things will be altered, a rebrand does not have to change everything a brand or business is about. A rebranding project can be done in a way that preserves the brand's core values and identity while making strategic changes to refresh its image and messaging.
When tackling a rebranding project, a digital rebranding agency will add new solutions to the existing identity, rather than demolishing everything the business is about and starting from scratch. An effective rebranding allows the brand's values and culture to coexist and evolve with the additions that have been implemented, resulting in a cohesive and effective rebranding effort.
The goal of a rebranding effort is to make the brand more relevant and appealing to its target audience while staying true to its core values and identity. By making strategic changes that align with the brand's values, a rebranding effort can help the brand stay competitive and thrive in a constantly evolving marketplace.
3. “Rebranding Primarily Focuses On The Visual Aspects Of A Business.”
Visuals play a crucial role in the identity of your brand, but they are only a fraction of what defines it. An experienced and reputable digital branding agency understands this and approaches rebranding as a holistic process that goes beyond just visual aspects. Rebranding involves a strategic shift in the overall positioning, messaging, and personality of a brand, which requires a deep understanding of the target audience, market trends, and business objectives.
Visuals, such as logos, colour schemes, and typography, are important components of a brand's identity and can influence consumer perception. However, a comprehensive rebranding process also involves revisiting the brand's core values, mission statement, and messaging to ensure they align with the company's goals and resonate with the target audience.
In addition to visual elements, a rebranding process may also involve changes to product or service offerings, pricing strategies, and communication channels. A digital branding agency will consider all of these factors and create a comprehensive rebranding strategy that addresses the unique needs of the business.
While visual elements are important in branding, rebranding is a much more comprehensive process that involves a strategic shift in the overall positioning, messaging, and personality of a brand. A reputable digital branding agency will take a holistic approach to rebranding and consider all factors that impact a brand's identity and success.
4. “A Completely New Logo Will Be Created With Rebranding.”
Rebranding does not always mean creating a completely new logo. While a logo may be updated or refreshed as part of a rebranding process, the goal of rebranding is not solely to create a new visual identity. Rebranding is a strategic process that involves a comprehensive assessment of a business's current brand identity, including its values, mission, messaging, and visual elements. The goal is to align the brand with its objectives and target audience, and this may or may not involve creating a new logo.
In some cases, a business may decide to keep its existing logo and make only minor changes to it, such as adjusting the colour scheme or typography. This approach can help maintain the brand's recognition and consistency while still allowing for updates to better align with the brand's new positioning. Ultimately, the decision to create a new logo or update an existing one depends on the specific needs and goals of the business. A reputable branding agency will assess all aspects of the brand and recommend the best approach for achieving the desired outcomes, which may or may not involve a completely new logo.
Contact Our Digital Rebranding Agency!
Ravyn Design is an award-winning digital branding, rebranding, and design agency based in the Toronto area. Our company specializes in providing services that enhance the identity of service-based businesses and prestigious brands, which in turn builds their attention and drives their results. If you are searching for a company that can assist you in elevating your business, reach out to our expert team today to schedule a short consultation!