Why branding is important during business transitions
It’s an age-old saying, and quite the cliché, but a brand is more than a logo. Yet, time and again, companies overlook the true importance of branding and what it can bring to the table. From the way a customer perceives your business and how you make them feel, to those crucial ‘a-ha’ moments that tip users to engage, your brand is what defines your relationship with the public. And it’s how you lay the groundwork for long-lasting success.
But when can business branding strategies reap the most rewards? Here, we walk you through the key scenarios where a brand project can deliver transformative results, and tell you exactly how to maximise your goals.
Why is branding important for a business?
As one of your company’s most valuable assets, your brand is what helps you stand out from competitors, resonate with your customers, and drive overall value. But you can’t force your audience to think, feel, or behave a certain way.
You need to create a compelling identity that communicates all the right messages – no matter which stage of the customer journey they’re at. So, if they’re scoping out the market for options, you’re the one to catch their eye and show them you’re what they’ve been looking for. Or, if they’re teetering on the brink of conversion, you’re the one to solve their biggest pain point and make life a whole lot easier. And if you’ve already secured them as a customer? Time to treat them to some much-needed TLC, turning them into loyal superfans who can’t stop raving about your brand.
When is a rebrand a good idea?
Understanding whether and how to reposition a brand is no small feat. Beyond the project costs, you’re battling with stakeholder engagement, third-party agencies, complex logistics, and timing it right with market readiness – all while managing day-to-day operations. It’s enough to put some companies off. However, it all comes down to the value you can unlock from a change in strategic direction. And for some, the long-term benefits far outweigh the initial headaches.
That said, different companies are on different growth paths. So, branding will bring completely different benefits from one to the next. While some firms are gunning for quick growth, looking at a brand strategy for mergers and acquisitions, others might be more focused on strengthening customer loyalty, refining their superpower, or pivoting to meet the needs of a new market. With no one-size-fits-all approach, there are several priorities you might need to think about.
Here are five reasons you’d consider a rebrand:
Preparing your business for sale
For many business owners, their company represents years, if not decades, of hard work. So, changing the outward-facing presence can feel like a deeply personal step. Not to mention, it can seem like a costly step back to reposition a brand that might become someone else’s. But with budgets tightening and priorities shifting, the importance of brand image cannot be overstated.
Think of your brand as you would a house – you wouldn’t try to sell it with the wallpaper peeling off and the doors swinging on their hinges. The same principle applies to your business. A polished, professional brand with a clear purpose and cohesive strategy is far more appealing to potential buyers, because it signals that your company is credible and well-managed. Ultimately, it’s less of a risk to their investment. In fact, it could even help you secure a higher sale price.
Whether it’s aligning with sustainability goals, being on the pulse of technological changes, or appealing to broader or more lucrative markets, a strong, credible, and forward-thinking brand can make all the difference. You need to consider what kind of brand a potential investor might want to welcome into their portfolio, and pivot accordingly. Whether it’s a wholesale change or a tweak of the dials, you can boost the value of your business, instil greater confidence among stakeholders, and secure a smoother sale overall.
Repositioning to keep pace with competitors
Even in the most niche of markets, new names are popping up left, right, and centre, vying for the attention of your audience. If you’re finding it difficult to cut through the noise, and can see your competitors outshining your success, it could be a good time to look at new business branding strategies. This might mean visually setting yourself apart, or it could involve better communicating your unique value proposition. Either way, it’s something we come across time and again with our clients.
Take quality engineering consultancy Roq, for example. Inwardly, the brand was a shining success, with strong values, a solid culture, and a trusted reputation to prove it. But on the outside, the brand needed to do more to stand out. Focusing on the importance of brand image, we took the opportunity to hone its expertise and help communicate its difference in a sea of “flexible problem solvers”. Similarly, HR consultancy hoomph needed to better reflect its fresh, bold, and people-focused approach. With a new name, visual identity, and tone of voice under its belt, the brand has since made a lasting mark on its specialist sectors.
Navigating a merger or acquisition
Whether you’re merging with another company, acquiring another brand, or being acquired yourself, it can be challenging from an identity point of view. You might have different purposes, brand values, and messaging, which becomes even more complex when you throw separate processes and policies into the mix as well. And to gain buy-in from each party, it’s important to plan well ahead.
Customers want to know they’ll still get the value they’ve come to expect, while stakeholders need confidence the new direction makes sense, and employees seek reassurance about their roles and the future of the business.
And it becomes even trickier when deciding how to handle the brand (or brands) itself. If your business follows a ‘buy and build’ strategy, it’s vital to ensure your brand is strategically prepared to support that growth. Do you integrate a new acquisition into your existing stable of brands? Or is the equity of the acquired brand too valuable to let go? And which brand architecture – from a house of brands or branded house to endorsed brands and hybrid models – best supports your business goals?
Being part of a larger group of companies can offer better buying power and value to your end-user. But amid such a whirlwind of change, it’s easy for employees to feel like they’re being swallowed up by a corporate monster, creating a bottleneck of resistance. Effectively communicating the rationale and implications behind each change is therefore just as important as making the decisions. And with a strong internal brand, it becomes so much easier. Employees can gather behind common goals and understand where their contributions fit into the bigger picture, feeling more empowered, engaged, and integrated all round.
With an external brand expert to guide these complex repositioning strategies, business leaders can ensure a successful integration that’s clear, aligned, and sustainable for everyone involved.
Gearing up for substantial growth
Your brand is what people think about your business and how they feel about your products or services – even if it’s not entirely accurate. So, if it’s misaligned with your goals, market position, or audience, it can seriously hold you back. But when it hits the mark, and your audiences respond exactly how you want them to, it becomes a powerful tool for growth.
Keen to attract new customers? A well-positioned brand can cut through the noise in even the most saturated markets. Ready to scale operations? A strong identity unites your team under a clear vision, inspiring confidence in employees and stakeholders. Got your eye on a new target market? Cohesion helps establish credibility and trust – even in unfamiliar territory.
Whether you’re aligning messaging with your mission, like our client 21 Degrees, or emulating the style and quality of your work through your values, like Edward Architects, refining business branding strategies can be a gamechanger if you’re ready to take it up a notch.
Pivoting to meet the needs of a new target market
We talk about the importance of brand visibility all the time, especially when we’re integrating PR with digital marketing. But how can a business be visible in a space it’s not yet a part of? Crucially, even if a company has a strong reputation at home, penetrating a new market is rarely a straightforward task.
To have a fighting chance against local and international competitors, it’s crucial to not only understand your new prospects, but exactly which pains and gains they face at every stage of the customer journey. By grounding your strategy in data – whether that’s through targeted interviews or competitor benchmarking – it’s easier to spot overlooked opportunities across various touchpoints and align your approach accordingly. Once this unchartered territory feels considerably more familiar, you can leverage brand equity to amplify your voice through targeted marketing channels or, if needed, refine your brand to make sure it resonates.
Unlock your brand’s true potential
Customer perception is everything. Get it right, and you can build excitement, engagement, and long-term loyalty with your audience. Get it wrong, and you’ll be back to the drawing board scrambling for ways to bring your revenue, reputation, and credibility back up.
Not sure where to start with rebranding your business? Dig deeper into your superpower with our ‘Think Big’ brand workshop. We’ll help you pinpoint your niche, uncover overlooked opportunities, and tweak the dials to create a bigger and better splash. If you’re curious how brand repositioning has helped our other clients, have a nosy at our case studies.
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Written by Doug Main
Co-founder Doug’s obsession for typography and killer attention to detail result in brilliantly unique, creative concepts for our clients.
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