Rebrand or Reposition?
Perhaps it is just one of those coincidences, but recently I have heard a lot of people talking about Rebranding. “We’re about to rebrand”, “We’ve just rebranded”, “We’re going through a rebrand” or my favourite “We rebranded a year ago, but it was a disaster so now are going to do it again”!!
I am always very worried when I hear the phrase rebrand because I think it is nearly always misused and should be considered very very seriously before any business undertakes such a thing. To be really clear, I am not even sure that you can rebrand. I think you can redesign the expression of your brand, and I think you can reposition your brand, and you may do either of these things for perfectly valid reasons, but you cannot rebrand. You can throw your existing brand away and start again – but I am not sure the agencies that seem to be recommending a rebrand would recommend that with such enthusiasm and confidence.
So if you are getting feedback that your brand is becoming out of date, or tired, or slow to react, or boring, or out of touch, what should you do? A rebrand? NO! Listen to your customers and consumers, and ask what is wrong. If it is the product, work hard to update it. If it is the tone of voice of your brand, refine it and perhaps modernise it (do this only based on your customers feedback), if it is the look and feel of your packaging, consider updating the design. My point here is do not rebrand – the values of your brand should still hold true, but do consider improvements to the relevant areas of expression of your brand to keep it relevant and engaging to your audience. This is not a rebrand, or even a reposition – it is at best a refresh to the shell!
Alternatively you may be losing sales, your market may be shrinking, and even worse your share of market may be shrinking at the same time. Should we rebrand? NO! It will do absolutely nothing to improve the position you are in. I don’t want to look at all the possible scenarios which could be driving this unfortunate position in this post, but one may well be that your market is reaching the end of its natural life. A rebrand will not change that – a reposition may do though. A reposition is not about throwing your brand away, it is about making it relevant in a different context. Just as you dress differently when you go to work, when you go to see friends, or when you go to a wedding. People are always rebranding, by changing the style of language they use, the way they dress, the things they talk about. My favourite example of a reposition is Lucozade. When my grandparents were in their 70’s Lucozade was a drink for them, it gave them the extra energy they needed as they were getting older. Today I drink Lucozade, it gives me the energy I need when I go running or swimming. Lucozade has always been about giving energy, inspiring people to perform above their expected performance, but when older people realised they got more benefits from retiring early and playing in a park with their grand children than they did from drinking Lucozade, and as younger people appreciated the benefits of exercise and started to buy gym memberships, a reposition was needed – not the dreaded rebrand!
