5 Reasons Why Rebranding Should Be Done By A Branding Agency
All business owners want their business to reach success, and take many steps to achieve these goals. Rebranding, which is not something uncommon for businesses, might be one such effort taken to further the company’s success. Businesses often need to rebrand because of various reasons affecting the industry.
Rebranding is generally known as a process of marketing strategy which involves various changes such as switching up the business name, company logo, symbol, or any other visual assets with the purpose to create a new brand identity in the minds of targeted customers.
Yes, all business owners should aim to have a clear brand identity for the customers when working on the rebranding process.
There are various reasons why companies rebrand their business. Shifting attention to new targeted customers can lead a business owner to do rebranding. When you aim at an entirely new market, you should consider if the current aspect of your brand can be recognized. If you are trying to expand your business to the international market, but people on the other side of the world cannot remember your brand, you might have to refresh your brand identity.
Another reason that businesses seek to rebrand themselves could be a new business philosophy. When the company updates its vision and values, the current brand identity might need to keep up with the updated vision and values. To achieve that, you should consider starting a rebranding process because your present brand aspect might be outdated and no longer relevant. With the fresh and new brand in mind that is in tune with your company’s new vision and values, the purpose of your business can reach the customers.
If your company is in the process of merger or acquisition, you have to start the rebranding process as well. It is very important for the two brand identities not to collide with each other, and it also prevents confusion for the customers. A new brand identity can attract new customers who did not recognize your brand before. The company merger or acquisition may also bring new values and vision to your business. As mentioned earlier, rebranding your current brand identity to fit with your company’s new values and visions is a key reason for rebranding.
Then, when should you need to rebrand your business? The answer depends.
It is not recommended to start rebranding your business just because you or the board of directors are bored of the current brand identity. Or when your company is facing a crisis and threatens your business sustainability, rebranding should not be used as an escape plan. Besides not having a significant impact, these reasons can cause you to lose your current customers and not reach your newly targeted customers.
The rebranding process should work in in-depth research, step by step. If your internal team is not capable or you do not have enough resources in your company, but you still want to rebrand your business, you can hand the process over to a branding agency.
Even Coca-Cola, a multinational company, went through rebranding with a global campaign as guided by a branding agency. In 2015, the company invited ten agency partners around the world to pitch ideas for the worldwide campaign. Then, they selected three WPP agencies to lead the Coca-Cola global marketing campaign. These agencies are Ogilvy & Mather New York, Madrid’s SRA Rushmore, and Buenos Aires-based Santo (Campaign, 2015).
Are you still in doubt about handing in the rebranding process to a branding company? There are plenty of reasons why the rebranding process would be better handed over to a branding company or branding agency.
1. Rebranding isn’t just about changing the logo.
Although visuals are a significant part of the rebranding, it is more than just that. There are essential parts of your company that need to be reestablished and redefined, such as the target audience and market, the company’s vision, and values. These need to be reassembled first before you move to your brand’s visual aspect. With the help from a branding company, your work for the rebranding process will be more accessible because the branding company will give you an insight point of view for each part of the rebranding process.
2. Rebranding is not an instant process.
Rebranding requires step by step processes and in-depth research, especially when reestablishing your market and target audience. Even if you may be finished with the rebrand and launched your new brand identity, it is important to have an evaluation process to see the impact of your business rebrand. For the research process, it is best to let the branding company handle it because they can give you much more insightful research conclusions. And also, a branding company can provide you with continuous support until you reach your rebranding goals.
3. Limited resources to do the work.
Your company may already have a Marketing or Brand Communication team, but sometimes when working on the rebranding process, that team is not enough to do the job. Besides the lengthy process and complexity, your internal team might have other important tasks to focus on. With help from a branding company to do the rebranding process, your team can direct their full attention to the business and these tasks. Instead, the internal team can act as the communication bridge between the business owners and the branding company, which will be useful in avoiding a communication gap.
4. Branding companies can give you a customer’s perspective.
A branding company is a stranger to your company but to business nor to the market. Most branding companies will do some research or brand audit and will then give you the customer’s perspective. It is advantageous to determine the goals of your business rebranding.
5. Branding company experiences
When the company rebrands for the first time, sometimes the internal team faces some confusion on where they should start. This confusion can affect the rebranding process and cause it not to go as planned. On the other hand, a branding company will help with your rebranding goals with specific methods. If you are still in doubt, you can check and research on the branding agency to see their work. A branding agency’s website usually will show their achievements and portfolio.
MIU is more than just a branding company. Based in Singapore, MIU is a digital creative agent who will help you in your branding or marketing needs. In terms of rebranding, MIU has worked with several businesses to reach their rebranding goals. Our work is not likened to any other branding company. You may type branding company Singapore, branding consultancy Singapore, or branding design company Singapore in the search bar and find multiple results.
But unlike any others in your search, MIU gives a different perspective when talking about branding and rebranding. We believe each brand has a story to tell, but sometimes they may have difficulties expressing it. Through our unlimited design package, MIU helps businesses who want to express their story through their brand reach more people via the on-target rebranding process.
A business will start its rebranding process, sooner or later, as times change and evolve. For the best result of the rebranding, help from a branding agency is not something you can reject. With specific methods and their experience, a branding agency can help your business rebrands reach your ultimate goals and tap into more customers. Now it is up to all of you as a business owner to determine: do you still want to do your business rebrand by yourself or trust a branding company with it? The choice is yours.