Monday, October 17, 2011

Increase your Income by Rebranding

This month, my focus is on branding as one of my clients is ready to launch a new business concept using a visual marketing campaign that uses branding extensively.  This post is about how you can increase your income by rebranding your business.

Take a long hard look at your brand. What are you communicating to prospects and clients with your brand?  Could it be that an investment in your brand could allow you to take your business to the next level?

Here's a story about how rebranding can lead to new business revenue. I pass a pizza restaurant almost daily not far from my home.  The restaurant has been in the same location for many years and I had never set foot in it. To me the restaurant was nondescript with a rather bland exterior that did not catch my attention hence the reason why I drove past it and never ventured in.

Recently however, the owners have started a new branding campaign. They invested in a vibrant color palette and new logo which they painted around the restaurant windows and duplicated in the overhead signage.  Suddenly they stand out. Suddenly I can't drive past without seeing them a mile away. So I stopped in the other day to buy a pizza. The restaurant was crowded with eat in diners and folks like me looking to take home a pizza. I asked the young kid behind the counter why they were so busy and he said "Gee I don’t know, but lately it seems like more people are coming in saying that they didn't realize we were here."

So, the owners may not be sure that the reason their business revenue has increased because of their brand, but it seems pretty obvious to me that the restaurant was invisible before the rebranding.

Is your business brand too bland? Do you need to consider how to stand out from the crowd? I hope you'll consider rebranding one of your goals in 2012. You might find yourself with lots of new clients and a new look on life.

Suzanne Muusers


Michael DiFrisco said...

A logo change--or even a complete rebranding--is a fact of business life. Businesses need to remain relevant, authentic, and differentiated in the minds of their target audiences. Sometimes that means building a new foundation on which to base your strategy. Here's a simple test to see if you're business is ripe for rebranding:

Suzanne said...

Thanks Michael. Yes, it's a fact of life that we need to update and refresh occasionally.