How often should a business rebrand?

Most businesses rebrand once every 7-10 years. Whether it's through changing a logo style, restructuring a website, or switching out your brand colors, rebranding is designed to enhance your visual identity.

How often should you rebrand your logo?

When people see a logo that looks outdated, they perceive an organization as out-of-touch with modern best practices. A good rule of thumb is to at least consider updating your logo once every five years.

How common is rebranding?

On average, businesses rebrand once every 7-10 years, a process that often involves restyling the colour palettes, logos, photographic style and visual language. In some cases, changing the name might be necessary. While there's often one main reason, a combination of factors can motivate a rebrand.

How do you know it's time for a rebrand?

Does your business need a rebrand?

It's something you should only consider if you're undergoing a major shift in identity that reflects changes to your values, mission, position, market, or offer. With a full rebrand, the look, feel and tone of your brand will bear little or no resemblance to your existing brand.

Rebranding Your Business: When to Know It's Time + 12 Steps for a Successful Rebrand

What brands should be rebranded?

Why is rebranding not always successful?

Numerous factors can cause rebranding to fail. The biggest problem we've observed is not doing enough research: companies are so focused on planning the design and promotion of the new brand that they cut corners, or even neglect, market research.

When should a company change its name?

How do you rebrand a small business?

How long does it take to rebrand a company?

The average rebranding process takes 12 to 18 months to complete from beginning to end. That timeframe includes upfront research, name conceptualization and trademark approval, brand identity design, implementation of a thoughtful engagement campaign and then the launch.

What are the disadvantages of rebranding?

Why is re branding mandatory sometimes?

Businesses often need to rebrand, and it can be a result of many reasons, including international growth, new management, a bad reputation or an outdated image. Whatever the reason, it's important to create a stellar brand that people will remember. Because of internationalization, Raider changed its name to Twix.

What are two examples of rebranding success?

How long should a brand last?

Your brand should last as long as you want it to. Barring unforeseen circumstances, such as the sale of your company, a change in leadership, or a major shift in your audience or product offering, your brand is the most important and permanent manifestation of your company and its values.

What are four tips for rebranding a logo?

Is there a need to redesign a logo?

Logo redesigns are a good way to reflect a fundamental change in your business, introduce a new name, or even reconnect with your target audience if you see that your current brand isn't effectively doing so.

How do you rebrand without losing customers?

Is rebranding a good idea?

Rebranding can be a costly initiative that takes lots of time and research. A proper rebrand strategy for your company can help you attract and retain your ideal customers; however, if your rebrand is done for the wrong reasons, you can damage your business and turn potential and even current customers away.

How much does it cost to rebrand a small business?

Most small businesses can expect to invest $100,000 to $180,000 and six to eight months to transform their brand. Studies show the average B2B business spends about 5 percent of their revenue on marketing. With that in mind, an average rebrand will cost anywhere between 10 and 20 percent of your marketing budget.

Why would a business keep changing its name?

When a company's name is tarnished by wrongdoing or some other serious problem, it sometimes can't recover, as customers abandon it. As a result, companies will sometimes change their names to get out from under a cloud of bad press, or association with previous wrongdoing.

Why do people change business names?

A name change is also a chance to freshen the brand and show consumers that the company is keeping up with the times. Often, a name change simply aligns the company with language already being used by customers. Starbucks, for example, is no longer called Starbucks Coffee, a name that its customers truncated long ago.

Why do companies rename themselves?

According to one expert, rebranding is often used to update a company's name to reflect cultural changes in consumer behavior or values, as when Kentucky Fried Chicken became KFC, dropping the “fried” as consumers increasingly looked for healthier choices.

What is a brand refresh?

A brand refresh is essentially a tactical maneuver, often undertaken to ensure a brand is keeping pace with current marketplace trends. Companies that remain stagnant while their competitors reinvent themselves with fresh looks and relevant ways to communicate can expect to lose their competitive edge in no time.

How hard is it to rebrand?

Rebranding can be complicated and does introduce some risks and costs. Although rebranding doesn't need to involve a complete brand overhaul (you don't have to change your company name to rebrand, for example), you will need to make meaningful changes to build a new brand identity when you rebrand.

What are the types of rebranding?

There are three main types of rebranding in marketing: a brand merger, a brand refresh, and a full rebranding. These are needed for different reasons, and the level of work needed is different for each type.