9 Key Factors to Consider When Rebranding Your Startup

April 22nd, 2015   |    By: Young Entrepreneur Council

Question: I need to completely rebrand my startup. What is one step I should not overlook (in terms of marketing, customers, or any other area of the business)?

The following answers are provided by members of Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.


Start From the Heart

As we all know, people make buying decisions based on how they feel. So don’t create an intellectualized version of your brand that isn’t emotionally accessible to your customers. Start your rebranding by planting a flag in the ground for what you stand for as a business and building out your branding from that place of boldness.

Corey Blake
Round Table Companies

Be Exciting

Having a brand that your people are excited about and happy to be a part of is paramount. Will your brand be something your employees, family and friends will want to wear on a t-shirt and talk about? Is it something that sounds interesting and inspires the question, “Oh sounds cool, what does your company do?” It’s subtle but immensely important.

Anthony Scherba
Yeti

Focus on Conversion Rate Optimization

Your website, content and landing pages should be focused on customer conversion, and you should use analytics and feedback to consistently optimize for conversion. Most startups do not focus enough on conversion optimization and instead focus on things such as design. Agencies are investing more in people who are conversion optimization experts, and they are making it an important KPI.

Justin Beegel
Infographic World, Inc.

Make Sure the Logo and Name Communicate the New Message

As disappointing as it is, people do judge books by their covers – businesses too. Ensure that your name, logo and colors are communicating exactly what they should be. Often you’ll only have seconds of a prospect’s time before they make a determination about your company. Make sure that determination is the one you want.

Brennan White
Cortex

Validate Early and Often

You should constantly validate your ideas with consumers from your target market before you implement. Show them what you’re working on and ask if the change is net positive. You might even consider asking them if they have any ideas of their own. Don’t take one subjective opinion too seriously. But if you repeatedly receive the same piece of negative feedback, consider changing what you’re doing.

Jared Brown
Hubstaff

Be Consistent

When rebranding, it’s important to come up with a solid idea of what the company stands for, and also make sure that the employees are on board with what the new brand reflects. This idea needs to stay consistent within the organization and employees.

Jayna Cooke
EVENTup

Involve the Entire Team

When rebranding your startup, the one area you should not overlook is the involvement of your employees. Employees at startups live and breathe the company just like the founders and can provide valuable input in the rebranding process. On top of this, if you rebrand the company without consulting your team, you run the risk of choosing a new name or logo that they don’t like.

Maxwell Finn
Loot!

Pay Attention to Brand Archetype

One of the most helpful exercises we did for branding was determining our brand archetype. From guru to explorer to traditionalist to connector, there are 20 archetypes that you can select to characterize your business. After you pick one or two archetypes, ensure that your user experience, graphics and written content fit with the personality.

Nanxi Liu
Enplug

Keep Your Old Customers in the Loop

Your older customer base should be duly informed and kept in the loop. They should also be made aware that the rebranding will not affect their service in any way, as a change in branding might make them a little jittery and apprehensive.

Pratham Mittal
VenturePact


About the Author

Young Entrepreneur Council

The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched BusinessCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

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