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!

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

Promotional Product Marketing Can Reap Benefits For Your Business

Despite our biological complexity, human beings are surprisingly straightforward and predictable when it comes to emotional reactions. The concept of honor, feelings of goodwill and being beholden to the person or company who gives us something for free is deeply engrained in the human psyche. Smart salespeople and businesses know this and have used it for centuries to close deals.

Promotional products are all around us. When you go to TD Bank for example, a basket of free pens sits on the counter with the bank’s logo printed on the side. The bank knows that this subtle gesture makes the customer feel confident that the bank must be flush with assets. Customers will be more likely to be loyal to the bank, opening new accounts for their children and grandchildren and recommending the bank to friends.

Hugely profitable businesses like pharmaceutical companies provide outside salespeople with promotional products to increase their sales percentages. They give away items such as personalized calendars, desk accessories and coffee mugs so that when it’s time to re-order supplies, the company name and phone number is right there in plain sight.

Extensive marketing studies have proven that businesses can benefit from promotional products. Response rates improve dramatically when potential customers receive free products because the name of the company is better recalled, and a favorable opinion of the company is formed unconsciously. Investing in promotional products is a smart marketing strategy that all businesses can benefit from.

For more information on promotional products look at the informational graphic below:

This graphic was created by Magnets.com, a promotional refrigerator magnet company. Magnets.com is proud to sell items that can boost the business of small and large businesses alike. Click here to learn about Mangets.com.