Friday, August 26, 2011

Rebranding: A pain, an unnecessary expense, or your next step?


Businesses of all sizes bring to the table now and again the question of rebranding, and the reasons are many. Some businesses simply want to keep up with the times and so freshen their image. Others merge with or acquire another company that requires a new face to reflect a new direction or product. Still others need a rebirth to distance themselves from a PR gaffe or even to gain distinction from competition.

For smaller businesses, like many of those we at the Ryan William’s Agency represent, rebranding involves advancing the marketing and advertising components that a business initially developed on its own rather than outsourcing to professionals because of the myriad of factors that constrain new companies. Startups face issues of cost, inexperience, time, a firm understanding of their own advertising needs, and more. 

However, a few years down the road, a business owner may realize that his logo, for example, needs updating and a professional quality added to it. Maybe the same goes for his signage, print ads, brochures, media kits and the like. They may well convey the right information, but in a somewhat unsophisticated package. After some time, an astute business owner using homegrown ad materials may begin to realize that, to continue to grow, the company’s ad campaign needs to advance. Designs may need to evolve. Photography, graphics and copywriting may need to improve. Even additional mediums—radio, online components, direct mail, social media—may need to be considered.

A good advertising agency doesn’t come in and completely toss out your previous campaign. At Ryan William’s, we cherry pick what has worked for you in the past and look for ways to improve upon those already strong concepts, as well as analyze where your poorer performing dollars are being spent and reallocate that spending to better-performing products. Contracting with an ad agency to rebrand your business might seem like an unnecessary additional expense at first. But, the additional sales reaped down the line from allowing a professional to recreate and place your advertising can actually far outweigh the initial expense of rebranding now, and leave you to do what you do best—run your business.

Rebranding isn’t as much a growing pain as it is a right of passage and a sign that your business has evolved to the next level.  

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