All companies go through periods of growth, and in these growth stages, not every brand can endure the growing pains that may or may not require changes to your brand. Many companies believe that a brand is just your name and logo when in reality, it’s so much more than that, it’s your entire brand identity.
This is why many companies put off rebranding their business. However, by rebranding sooner rather than later, you can save yourself a lot of trouble in the long run. If you’re unsure whether or not you should rebrand, we’ve compiled a list of sure signs it’s time to rebrand. Keep in mind that just by searching for this blog, you already might know the answer you’re looking for.
1. It’s Been More Than Five Years Since You Branded
When was the last time you branded or rebranded your company? If you can’t remember, it’s probably time to start considering a rebrand. A lot can change in a year, which means your brand is becoming more outdated and irrelevant with each passing year. Remember, branding is not all about mood boards and logos, it’s also about your buyer personas. So rebranding is critical to keep updated with your brand’s aspects, not just your design elements.
2. Your Company is Switching Gears
If your company is beginning to expand into other markets or switching gears entirely, it’s time to consider a rebrand. The rebranding will help your new target market resonate and relate to your brand. Consider this; you’re a jewelry business. Suddenly you decided to expand into clothing. Your current brand might not reflect this new aspect of your business. If that’s the case, it’s likely time that you begin the process of rebranding.
3. Poor Reputation
All companies can go through a period of negative reputation, and some companies come out of it more robust. In contrast, others can feel the effects for years to come. If you’re still feeling the results of a poor reputation that you can’t shake, it’s time for a rebrand. Rebranding your company can help consumers see you in a positive light, especially if it’s done correctly.
The Red Ocean is a huge problem with companies today. Suppose your company has a generic logo, name and brand colours. In that case, you’re not standing out, you’re blending in, and its negativity is affecting your brand. The quickest way to stand out and start rebuilding is an overhaul and rebrand of your business. This will help you showcase why your company is different and better from your competitors.
Business Branding Experts
Are you ready to strengthen your brand and build your business? At Treefrog, we take a top-down approach to helping you develop your brand strategy. Whether it’s logo design, logo maturation, corporate identity or graphic design services, we’re your business branding experts.
Give us a call at 905-836-4442; our team of graphic design and branding experts are ready to help!