Rebranding is a common process that every business faces at some point of time or other. The changes need not be huge, but little changes can bring huge results. To keep up with the changing times,
every brand undergoes rebranding and, maybe, even several times…
Rebranding is a plan of action that involves updating or changing the way your target audience identifies your brand. Rebranding basically focuses on revising or modernizing your company’s identity or the ‘look and feel’ of the brand, but it can also mean overhauling certain important features, such as renaming, changing the design and logo and so forth.
Unhappy with Brand
When you start feeling that you are simply not happy with your brand, you should know your employees and customers are not happy with it either. Besides, if you are not able to show passion and belief in your own brand, you will not be able to go far over time and lose your enthusiasm for the brand. All of us change as we grow and, even if you were happy with your branding some years ago, you may not like it at the moment. If you have to shy away while showing your website or, maybe, hate your brand name itself, you should know it is the time to take a relook before it becomes a lost story.
Your Expansion Plans
Are you planning to expand? This is a fantastic piece of news! This also means you have to rebrand to reach out to your new demographic audience. If your brand has a link to a particular region when you started out or has the name of a city within the logo or brand name, it is time you rebranded it to make sure your customers know the areas you cover. If you have plans to expand soon, you should consider rebranding before you launch your new brand.
Your Brand is Not Unique
If you see that your brand is just getting lost in a crowd of competitors, you should start thinking about rebranding your business. If you feel your brand is too bland, it is time for you to make some strategic changes. Every company wants its brand to be distinctive. And, with today’s new and innovative technologies, brands are becoming more unique. An experienced business owner knows how to capitalize best his/her special services. Therefore, you have to make sure your brand reflects the unique services you offer customers.
Not Appealing to Emotions
You will see whether your brand is inspiring or cheering up your audience if your social media is abuzz with comments, positive reviews, and you have definitely healthy sales, too. But, if not, you may have a serious issue. Your products may be great and also provide fantastic customer service. But, if you cannot appeal to your audience’s emotions, you may gradually, but surely, lose out to your competitors. This is simply because people prefer to engage with, and buy from, a brand that connects with them at an emotional level. According to a Harvard Business Review report, it is more important for you to establish an emotional connect with your customers than simply providing customer satisfaction.
Reaching out to Modern Buyers
Nowadays, almost everyone owns a cell phone. This means that, if you want to reach out to today’s modern young buyers, you have to follow the mobile trend. You must adjust your brand to fit this new demographic that will assist your brand to grow. One of the most important marketing strategies for brands is riding the social media wave. If your brand’s Instagram profile is not too savvy, you must know it is time to review and update it. And, when you rebrand, you should consider promoting it on social media by handing out gifts and so forth. There are gift item ideas, like T-shirt design templates that you can use to display your new brand with a wearable design. If you want to hire fresh talent but find it hard to reach super-achievers in your workforce, rebranding to cater to a more modern clientele can also assist you.
Change in Business Strategy
Business strategies change as companies discover new technologies or try to connect with new audiences. When you plan a change in your business model, your brand, too, has to undergo changes to ensure that you accomplish your goals. The changes that happen inside your company must directly match how consumers identify with your brand. If you feel your brand must undergo a rebranding process, you must start formulating a rebranding plan. When you see that your company is not reaching the heights you want it to, rebranding will be the best option.
When the signs mentioned here become too prominent, you must begin the rebranding journey of your business to reclaim your position at the top, or lead the change in your market.
About the Author
Mr. Harish Jagtani, a philanthropist, visionary, businessman of Indian origin, currently based in Democratic Republic of Congo for more than 20 years now, is one of the most reputed business owners in the Indian diaspora as well as the entire expat business community in DRC. The business house caters to multiple domains, including but not limited to Domestic as well as International Air Cargo, real Estate and infrastructure development, healthcare, hospitality as well as CSR.
Coming from humble beginnings from Jaipur, Rajasthan, Mr. Harish Jagtani has come a long way in building this conglomerate with a strong and clear vision, sheer dedication and grit. Starting with a small job in sales, Mr. Harish Jagtani today is a proud and righteous owner of a fleet of airplanes and multiple businesses that cater to the basic and advanced needs of the people of Dem. Rep. of Congo in different sectors.