Re-branding – Top 5 Mistakes to Avoid

So your business made it off the ground, you’re generating revenue, but you’ve hit a roadblock with your growth and revenue. Perhaps it’s too niche or misleading, or tied to a geographic location – what to do? Re-branding your company requires careful consideration and planning in order to achieve a successful outcome and take your business to the next level. But this also involves a lot of risks.

Be aware of all the risks of re-branding before you start the process. As a marketer I know how quickly you can get caught up in design and other issues, just don’t let it get you! Re-branding is more than changing a logo or adding bolder images. It is also about researching and understanding the consumer, analyzing changes in target markets when exploring opportunities for brand expansion and repositioning.

Yet, even when forewarned, many still make some common mistakes. Here are the top 5 mistakes to avoid:

  1. Re-branding without research
    Put money and time into researching the consumer’s perspective on the product or service. What do (don’t) they like, what attracts them etc.
  2. Wrong assumption “A brand is just a logo”
    Your brand is more that just a logo. A brand integrates all aspects of your business; everything from look,  feel, culture, tone, voice, product quality, customer care…  leading to consumer perception.
  3. Getting started without a plan
    Make sure you have a plan from start to finish. From research and analysis to setting up time frames,  to identifying metrics for assessing results (ROI).
  4. Not leveraging existing brand equity
    A company with high brand equity may not need to undergo a big transformation… or rather, shouldn’t need to go through a huge transformation. When you have a strong brand equity… tread softly and lightly. However you do it, make sure the current brand equity stays strong!
  5. Getting buy in internally prior to external.
    Getting employees to understand the reason and goal of re-branding is very important because they will have to sell it to the consumers. This is equally more important in lieu of social media. Internal branding is increasingly important as each employee is a brand ambassador. In short, if they don’t believe it, neither will the consumer.

Going through a re-branding is and can be very challenging. It’s not so much setting the goal, but reaching it successfully. Having gone through a major re-branding I can only say that walking the talk is monumentally important. The re-branding that I was involved in failed miserably on convincing internal people that the change was necessary. The bigger the company, the more time is needed to make sure everyone is informed and all understand why there needs to be a change.  If they understand, they will be able to explain it to the consumer. If you believe it, you will show it!

A successful re-branding requires a vision that inspires consumers, investors and others to see the company in a new light. We can learn from other companies who have gone through re-branding. This could be a successful re-brand or even a failure, if we learn from them we will not make the same mistake. Check out the 10 most successful re-branding campaigns ever. This article not only shows how they did it, it also let us know the lesson to be learned. Very interesting!

Measuring Up in Social Media Rankings

It’s really interesting to examine how major companies compare to each other when social media becomes the interest. What makes for a good social media ranking? Any company can create a Facebook page or Twitter account. Getting people to interact is another issue. While some companies are skilled at attracting this type of action, others seem to muddle around in the social networking realm. You might be surprised at some of the top names in social media rankings. However, you’ll find others that make a lot of sense.

Viacom is ranked first in social media use. The media company is just slightly ahead of the more familiar Walt Disney Company. News Corporation ranks third. These three media companies together are doing something right in engaging their fans and followers. Zynga is one of the least surprising companies that ranks well in making the most of social media. The entertainment and games software company develops many of the popular activities used on Facebook and smartphones.

social media ranking

social media ranking

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Mobile Search is Fueling Small Business

The jury is back and the verdict is in, customers are going mobile. We all kind of intuitively knew that was coming, but the reports are now verifying what we already wondered. If your business is not mobile you are missing a whole lot of customers. What do we mean when we say mobile anyway? By mobile we mean that customers are using mobile devices to track down and find businesses, both local and non local businesses. Let’s look at a scenario; customers will use a phone to perform a search for a local business when they are out and about. They will not bother going home and looking in a phone book or even using a desktop computer to find what they are looking for. They will search with mobile and act fast. Of all the searches done for businesses, 9 out of 10 people reported they reached out and contacted the businesses they found. Thos are great odds for the luck business found. If your business cannot be found on local searches then you will be missing out on a lot of people. Get your business on as many local search results as you can. Every major search engine has a local section. Google Local, Bing Local, etc. There are also rate and review sites to be found on like Yelp, AngiesList, and more. The process is not difficult to do, but it should be done post haste to start capturing the online traffic ever going mobile. This infographic will give you an idea of what can be done in terms of online search.

This guest blog was presented by: www.Vistaprint.com