Our step-by-step guide to rebranding an acronym-named company
When we’re working with ambitious scale-ups striving to increase their market position by communicating a higher level of professionalism, we naturally come around to the idea of rebranding as a method to get to that next level.
But it’s not straight forward, especially for companies that started off as single-person entity without a clear idea of whether the idea would work.
This is where a change in personality comes in.
Rebranding serves as a vital tool for companies seeking to forge deeper connections with their target customer while navigating the shifting currents of their market. However, this challenge is especially acute for acronym-named companies, where the inherent lack of clear associations or meaningful symbolism poses a significant hurdle to effective branding efforts.
It serves as a vital tool for companies seeking to forge deeper connections with their target customer while navigating the shifting currents of their market. This challenge is especially acute for acronym-named companies, where the inherent lack of clear associations or meaningful symbolism poses a significant hurdle to effective branding efforts.
With a strategic approach and careful execution, rebranding such companies can unlock new growth opportunities and increased market share. Here's our guide to navigate the process step by step:
Step 1: Develop the New Brand Identity: Begin by crafting a new brand name, position, and style that align with the company's values and resonate with the target audience. Ensure that the new identity addresses the limitations of the acronym-based name and reflects the desired perception in the market.
Step 2: Associate the New Sub-brand: Introduce the new sub-brand alongside the existing acronym-named company and establish a strong connection between the two. This involves creating meaningful associations through storytelling, visual elements, and messaging. Additionally, prioritise trademarking the new sub-brand to protect its identity and ensure exclusivity.
Step 3: Reinforce the Association: Implement marketing activities that reinforce the association between the new sub-brand and the acronym-named company. Utilise various channels to communicate the benefits and reasons behind the rebranding, fostering awareness and acceptance among clients and stakeholders.
Step 4: Gradually Transition: Over a period of many weeks or months, gradually phase out the acronym-named company while simultaneously promoting the new sub-brand. This gradual disappearance allows for a smoother transition, minimising confusion among existing clients and maximising the impact of the rebranding efforts.
Step 5: Test and adjust: Continuously monitor the reception of the rebranding efforts and be prepared to make adjustments as needed. Solicit feedback from clients, employees, and industry peers to gauge the effectiveness of the new brand identity and make refinements accordingly.
By following this strategic approach, the rebranding process unfolds systematically, with each step contributing to the overall success of the transition from the old acronym-based identity to the new brand.
You might also like to read:
