Author: Marc Hyde
Published: April 25, 2023
Read Time: 5 1/2 Minutes
As a business owner, you may encounter a moment when you need to decide whether to rebrand or start from scratch. While both options have their advantages and disadvantages, the final decision should be based on several factors that you need to consider. There are several reasons why you should rebrand or start from scratch, along with the steps you need to take to make your decision.
Why Choose Rebranding?
Rebranding involves changing the name, logo, messaging, and overall branding of your business. Here are some reasons why you may choose to rebrand:
If your branding has not been updated for a long time, it may start to look outdated or irrelevant to your target audience. Rebranding can give your business a fresh new look and help you attract new customers.
Sometimes, a business may experience negative publicity or a scandal that damages its reputation. Rebranding can help your business distance itself from these negative connotations and regain the trust of your customers.
Expanding Your Business
If you’re expanding your business, rebranding can help you communicate your new offerings or target audience better. For example, if you’re a graphic design agency that’s expanding to offer website development, you may want to rebrand to reflect your expanded offerings.
Why Should I Start From Scratch?
Starting from scratch involves completely starting over with a new business idea, name, and branding. Here are some factors that may prompt you to consider starting from scratch:
If you have been running the same business for a long time, you may experience burnout and lose your passion for what you’re doing. Starting from scratch can give you the opportunity to pursue a new business idea that you’re more passionate about.
In some cases, your business may have experienced irreversible damage or failure. Starting from scratch may be the best decision if you cannot recover from this damage or if the business no longer aligns with your goals.
Change in Direction
If you’re changing the focus of your business significantly, starting from scratch may be the best decision. For example, if you’re changing from a B2B model to a B2C model, starting from scratch can help you communicate this change more effectively.
What’s the Difference Between a Rebrand or Complete Rebuild From Scratch?
Rebrands are best for brands who are already established but need a fresh voice, look, and follow up strategy to continue serving their current audience while also reaching a new audience. A complete rebuild is required if a business is wanting to pivot to a different service and audience or wanting to change the company’s name and identity.
How to Make the Decision on Choosing to Rebrand or Start Over:
To make the decision between rebranding or starting from scratch, here are some steps you need to take:
1. Define Your Goals
First, define your goals for your business. Consider what you want to achieve and what challenges you’re facing. This will help you determine whether rebranding or starting from scratch is the best way to achieve your goals.
2. Analyze Your Current Brand
Analyze your current brand and determine what is working and what isn’t. If there are aspects of your current brand that are still effective, you may want to consider rebranding instead of starting from scratch.
3. Conduct Market Research
Conduct market research to determine what your target audience thinks about your brand. This will help you determine whether rebranding can improve your brand’s perception or if starting from scratch is necessary to attract new customers. Market research involves performing SEO keyword research, obtaining competitors’ web statistics, and comparing the local authority with other businesses in the area.
3. Compare Costs
Compare the costs of rebranding and starting from scratch. Determine which option is more cost-effective and feasible for your business. Many times, a full redesign is not required; you need an SEO strategy instead.
4. Make a Decision
After considering all of these factors, make a decision on whether to rebrand or start from scratch. Ensure that the decision aligns with your goals and is the best decision for your business.
Websites that I’ve built from scratch:
- Taylors First Baptist Church Custom Website
- The Super Mom Life Custom Website & Blog
- Magitek Website
Is It Good to Rebrand Yourself?
Rebranding can be good if you are looking to modernize your image, reach a new target audience, or distance yourself from a negative reputation or bad publicity. Rebranding can give your business a fresh start and help you to stay relevant in a fast-changing market.
However, rebranding can also be risky, as it involves changing the identity that your current customers are familiar with. It is important to ensure that your new brand still reflects your values and mission and that your existing customers are informed about the changes.
When should you not rebrand?
While rebranding can be a useful strategy for many businesses, there are situations where rebranding may not be the best decision. Here are some scenarios where you should avoid rebranding:
Strong Brand Recognition
If your current brand has strong recognition among your target audience and your name/logo are well-known, rebranding could actually harm your business as you risk losing the positive associations that people have with your existing brand.
Successful Business Model
If your business model has been a success and you are happy with your customer base and revenue, rebranding may not be necessary. It’s important not to change things just for the sake of it, and to avoid the risk of confusing or alienating your existing customers.
Lack of Vision
Rebranding requires a clear vision for an updated brand identity. If you do not have a clear plan, a rebranding can end up causing confusion and negatively impacting your business. It’s important to have a solid strategy in place before undertaking a rebranding.
Rebranding can be costly and time-consuming, and if you have limited resources, it may not be feasible. Only rebrand if you have the budget and capacity to do it properly, without negatively impacting the day-to-day operations of your business.
Overall, the decision to rebrand should be based on a thoughtful analysis of the potential benefits and risks, aligned with your business objectives and resources. If you lack the vision, resources, or have successful brand recognition, it may be best not to pursue a rebranding strategy.
More Tips on Branding
Should I Rebrand or Start From Scratch?
Rebranding or starting from scratch can be a big decision for your business. Ultimately, the decision should be based on your goals and objectives for your business. Take the time to analyze your current brand, research your target audience, and compare costs to make an informed decision.
Whether you’re rebranding or starting from scratch, remember that the decision can have a significant impact on your business’s success in the long run.
Hi! I'm Marc.
I serve businesses, bloggers, and organizations by way of creating great websites that are able to be found online. Web design is a passion, but serving you is my joy.
Curious about my services? Here's a quick list:
Ready to started on your project? Contact Me to get started.