As we begin 2023, and everyone is making their new year resolutions, you might be considering whether it’s time to stand back and take a good look at your company’s brand.
Brands that were set up just a few years ago can start to look outdated. Time and customers just don’t stand still and neither should your brand. But where do you start? Firstly, it’s probably important to know the difference between a rebrand and a brand refresh as they are quite different.
Brand Refresh – the evolutionary approach
A brand refresh is a good way to ensure you are keeping up to date with the trends in the marketplace. It’s a great way of giving your current brand a fresh new look. You can modernise your brand but you don’t change your core identity and strategy. It gives your customers something to talk about. It lets them know that your business is in tune with the industry and the changes that are taking place.
If you are undertaking a refresh of your brand you might look at changing or tweaking your logo. You may need a new strapline that better suits your business. Your fonts might be outdated and you want to modernise them or you might need to set up a new colour palette that better identifies with your customers. Put simply a brand refresh stops you remaining stagnant in a changing marketplace.
Rebrand – the revolutionary approach
A rebrand is a whole different ball game. This is a BIG strategic change and a big piece of work. Here you are giving your business a complete repositioning. It is something to do when your current brand is no longer working for you. You may have had a negative PR situation or you might want to grow your business in different markets or maybe even internationally.
A rebrand is more time consuming and will cost you more than a brand refresh but don’t be put off, it can be extremely useful in certain circumstances. It is more than just changing your logo and your colour palette. It’s more about making changes to your company’s vision, messaging and culture.