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Why Rebranding Matters

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Presentation on theme: "Why Rebranding Matters"— Presentation transcript:

1 Why Rebranding Matters

2 our most important asset.
Our brand is arguably our most important asset.

3 What is a professional services brand?
Our brand is the totality of how our audience sees, talks about and experiences our firm.

4 Reputation x Visibility = Brand Strength
How do you measure a brand? Reputation x Visibility = Brand Strength

5 What does this mean? The better and more focused our reputation and the greater our visibility within our target client group, the more valuable our brand.

6 The Strongest Brands… Have 32% higher realized billing rates
Close a higher % of new business Generate new leads earlier and less expensively Attract higher quality job applicants

7 Rebranding Readiness Do we have specific goals we want to achieve?
Does top management recognize the need? Does marketing staff recognizes the need? Is rebranding is a priority? Have we set aside a budget? You we identified the internal team? Have we identified our outside branding partner?

8 How Rebranding Impacts Our Firm…
Re-focuses our strategy to the right targets Strengthens our value proposition Tells our story in a clear and powerful way

9 Top Reasons Firms Rebrand
To grow faster To offer new services To target new clients Their message is not clear or compelling Their brand is out of date More competition in the marketplace

10 Overview of Rebranding Process…
Get the strategy right Build the new brand Roll it out Build it over time

11 1. Get the Strategy Right Structured research of clients, prospects, competitors, and influences Study external and internal brand Brand strategy Audiences Differentiators Positioning Messaging Visual expression Value proposition

12 2. Build the Brand Name, logo, tagline Identity Package Website
Collateral and tools Tools to tell the story

13 3. Roll It Out Roll out plan Building internal buy-in Training

14 4. Build It Over Time Marketing plan Support and troubleshooting
Track and adjust Outsourced services

15 How Long Will It Take? Depends on many factors:
Size of your organization Number decision makers Amount of research required Scope of deliverables Responsiveness of both teams

16 How Much Will It Cost? Average firm spends about 5% of revenues on marketing Rebranding usually requires 10–20% of marketing budget

17 Scenario: Start-Up/ Small Firm
Scope: Basic rebranding (research, positioning, messaging, logo, tagline, website, brand guidelines) Timing: 3–5 months Cost: $75,000–$100,000

18 Scenario: Firm Re-focus
Scope: Brand strategy refinement (Research, positioning, messaging, tagline, messaging architecture) Timing: 8–12 weeks Cost: $20,000–$30,000

19 Scenario: Complex Firm
Scope: Comprehensive Rebranding and Go-to-Market Strategy (Research, positioning, messaging, logo, tagline, website design & development, multi-piece collateral design & writing, messaging architecture, expanded brand style guidelines, marketing plan) Timing: 4–8 months Cost: $100,000–$200,000

20 Selecting a Branding Partner
Clear goals and outcomes Do they understand our firm and industry? Have they done it before? Do they take their own medicine? Can we try before we buy?

21 Thank you! Connect with Hinge www.hingemarketing.com/blog


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