{"id":100878,"date":"2023-02-25T06:14:27","date_gmt":"2023-02-25T06:14:27","guid":{"rendered":"https:\/\/businessyield.com\/?p=100878"},"modified":"2023-05-03T11:06:13","modified_gmt":"2023-05-03T11:06:13","slug":"rebranding","status":"publish","type":"post","link":"https:\/\/businessyield.com\/marketing\/rebranding\/","title":{"rendered":"REBRANDING: Meaning, Examples, Ideas & Strategy","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

What elements must be present in a rebranding strategy to be effective? To what extent can you anticipate success with this method? What do the outcomes look like? This article will help you find the answers to these and other questions as you consider revitalizing the brand of your professional services company. Although every company is unique, a few tried-and-true rebranding ideas may be implemented by businesses of any size, in every industry. Branding is rarely considered at the beginning of a new venture. After all, with everything else going on, it’s tough to take the time to sit down and browse fonts. Whether you started with a paper logo and finished with a whiteboard, things stopped working at some point. As we go further in this article, we’ll look at some practical rebranding examples and a checklist.<\/p>

What is Rebranding?<\/strong><\/span><\/h2>

Rebranding is a marketing approach that involves modifying an existing corporate identity by creating a new brand name, symbol, logo, and other visual assets. However, the purpose of rebranding is to give a company a new and distinct identity in the eyes of its target audience, which can include customers, investors, prospects, competitors, and even current and prospective staff.<\/p>

Furthermore, business veterans realize the importance of brand identity when they launch a new venture. They are also aware that it is only through strategic decision-making and not leaving branding to chance that a company can establish a recognizable and respected brand.<\/p>

Newer business owners sometimes need help to recognize the importance of branding fully. It is a common misconception among business owners and entrepreneurs that the company’s name and logo are the only identifying brand features. Business names and logos are the front lines of promotion for any company, therefore they need to be memorable and influential.<\/p>

A brand, however, is more than just its name and logo. The sum total of the impressions made on current and potential customers by your business is its brand.<\/p>

You can tell what your firm does and how it does it through its brand. Customers and potential buyers will have more faith and confidence in your business if your brand is strong. Also, if you don’t put in the time and effort to craft a solid brand identity from the get-go, it can end up working against you and your company’s expansion ambitions.<\/p>

In case your company is experiencing similar difficulties, you are not alone. Investors and banks will examine your company plan and visual marketing materials to determine if you appreciate the importance of good design and branding.<\/p>

What Are the Types of Rebranding?<\/h2>

Knowing the different types of rebranding is essential if your small business is considering one. Learning about the various rebranding methods can assist you in choosing between a light refresh and a complete overhaul. So, here are the major types of rebranding you can consider:<\/p>

#1. Total Rebranding<\/h3>

For a total rebrand, the old brand must be utterly obliterated, and a new one constructed from scratch. Perhaps there was a significant shift in leadership, or perhaps you are entering a new market. A total rebranding is time-consuming regardless of the chosen approach.<\/p>

Do this only when absolutely required, such as if you find that you are not resonating with your intended audience. Moreover, if you can’t establish meaningful relationships with your target demographic, a complete rebranding may be in order.<\/p>

#2. Brand Merger or Acquisition<\/h3>

Combining two separate brands into one is an example of this style of rebranding. After an acquisition, both companies’ identities and their brands will change. For a brand merger to work, it’s important that the two brands are complementary to one another. On the other hand, sometimes it makes more sense to rebrand in order to merge the two businesses completely. Keep in mind that a complete rebranding may take a longer time.<\/p>

#3. Brand Refresh<\/h3>

A brand refresh can consist of anything from a basic logo redesign to a complete rethinking of the company’s purpose. While this is significantly less work than starting from scratch with a new brand identity, it still necessitates a redesign of your logo, stationery, website, and any other visual assets you currently have in circulation.<\/p>

What Is the Purpose of Rebranding?<\/h2>

A rebranding effort may be conducted by a company for a variety of reasons, including a merger and acquisition (M&A) or the introduction of a new product line; however, the driving force behind such an endeavor is typically the requirement to forge a deeper connection between the product and identity of the brand and the audiences that it seeks to attract. The goods that a company sells, the customers it targets, and the industry in which it competes are all subject to unavoidable and potentially substantial change over the course of its existence.<\/p>

The process of rebranding a company can be a difficult and costly endeavor, but when it is done well, it has the ability to better differentiate organizations from their competitors and to connect more closely with the desires, requirements, and values of its consumers. Because of the rapid pace at which change occurs in today’s digital marketplace, an increasing number of today’s organizations are engaging in rebranding efforts in order to maintain their position as market leaders.<\/p>

Read Also: CO-BRANDING: Definition and Real-World Examples<\/a><\/h5>

Rebranding Examples <\/strong><\/h2>

There is beauty in a successful rebranding effort and ideas. When a company takes the time to examine its core principles, refine its messaging, and update its visual identity to reflect these changes, the end result is potent. Of course, this isn’t a simple endeavor, which is why it’s encouraging to see a rebranding effort executed well and why we enjoy recognizing outstanding efforts when we come across them.<\/p>

Whether you’re in the market for a rebranding case study or you just enjoy a good before-and-after, you’ll find that these wildly different companies have found the sweet spot by honing their messages, enhancing their visuals, and bolstering their brand experience on every front. The goal of these rebranding examples is to get you to question and reimagine your own brand strategy. So, here are the top 5 rebranding examples.<\/p>

#1. Coty by Workroom<\/h3>

Throughout its rebranding process, Coty made its mission\u2014”to celebrate and free the multiplicity of beauty”\u2014a focal point. Workroom, a branding agency, recently underwent a significant aesthetic renovation and decided to take its cue from the butterfly, a symbol of the infinite variety of natural (and human) beauty.<\/p>

An elaborate visual language was used, full of colorful, striking imagery that consistently referenced butterflies. Coty Sans, a unique font, was created with “special curves reflecting a butterfly’s symmetry.”<\/p>

#2. ACLU by Open<\/h3>

“To defend and maintain the individual rights and liberties granted to every person in this country by the Constitution and laws of the United States” is the stated goal of the American Civil Liberties Union.<\/p>

They wanted to send a message of national unity and acceptance, so they abandoned their traditional blue logo (which was seen as a partisan statement) in favor of a color scheme that included blue, red, and… everything (14 colors to be exact). The ACLU’s disability rights staff was consulted to ensure that the materials’ color palette and font size met the needs of all readers.<\/p>

#3.  Tupperware by FutureBrand<\/h3>

The term “Tupperware” generally makes people think of housewives from the 1970s. Instead of trying to hide it, the company has embraced the negative connotation as an integral part of its history and overall purpose. They aren’t just about the packaging; they’re also about giving back to the women entrepreneurs who bring their wares to market. Their newfound self-assurance became the slogan for their rebranding campaign.<\/p>

Their radical redesign brought the brand into the modern era by using bright colors, human-centered images, and a more streamlined look.<\/p>

#4.  DXC Technology<\/h3>

A merger is one of the most common causes of rebranding. Nonetheless, it also represents one of the greatest difficulties. When Computer Sciences Corporation and Hewlett Packard Enterprise’s Enterprise Services division joined to form DXC, a complete branding was necessary to bring the two companies together.<\/p>

Due to its status as the most prominent independent, end-to-end IT services provider worldwide, the brand’s identity centers on the company’s stated purpose: “to assist clients in achieving their goals in the face of accelerating innovation.” The identity, reflecting this aggressive and authoritative tone, helps to establish the company as a frontrunner in this dynamic sector.<\/p>

#5. PNG AIR by Principals<\/h3>

PNG Air is a Papua New Guinean airline. The company, formerly known as Airlines PNG, underwent a complete rebranding effort that saw it change its name, positioning, and visual identity. The mission was to transform the airline from a faceless, price-focused commodity into a distinctive, market-leading brand.<\/p>

To achieve this, the brand’s Principals used a visual motif of key cultural icons, paying honor to the company’s heritage, nation, and brand promise: to serve their people.<\/p>

Read Also: BRAND ARCHITECTURE: Definition, Models, and Examples<\/a><\/h5>

What Are the 4 Steps of Branding?<\/h2>

Creating a memorable brand that appeals to both current and potential buyers is no easy task. Whilst it may seem daunting at first, developing a brand is actually rather simple if you put in the time and effort and have a firm grasp on what your target demographic is interested in, and requires, and how you can meet those desires.  <\/strong>To make things easier, here are the 4 steps of successful branding.<\/p>

#1. Determine Who You\u2019re Trying to Reach<\/h3>

Branding begins with identifying your ideal customer. To attract your ideal customers, you should:<\/p>