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Re-branding
 Brand Name Changing




                        By: Elizabeth Kulin
                   www.kulinmarketing.com
GENERAL REASONS
     Merge, Acquisition, or Sale
     Desire to reposition or create a new image
             (Example: Townsend Thoresen Ferries to P&O Ferries)

     Corporate strategy changes (move into a new industry/market)
     International marketing: to harmonize brand name across
      boundaries
     Legal problems


Note: the process can take a number of years so that customers get used to the transition &
You must consider the change from the customers view point.
                                                                                              Reference: Jim Blythe
RATIONAL REASON
Not much equity in name – i.e. Low brand awareness + Low brand image
**(Brand image problem from brand name)
GENERAL BELIEFS
  The brand name convey the brand’s personality
EXAMPLES

   Revenue Science to Audience science – “a better job describing the company's value proposition. New
    identity reflects shift from single publisher sales to aggregation.” “gotten from our current clients has been
    very positive, and several have offered that it makes them feel positive and excited about the future.” (clickz)

   Media Management Technologies, Inc., - separated of its network optimization service, ReviNet, from its
    AdPerfect line of advertising solutions. Separating these lines of business will result in two autonomous and
    focused divisions.Go Internet Media – AcademixDirect” (BusinessWire)

   Perfect Future Ltd. to EDUVERSE Accelerated Learning Systems, Inc. – Did so to reflect the company's
    core competencies in education and the Internet.
RATIONAL for ZEDO



             PROS:                               RISKS:
2.IF not have much brand           2.May lead to current customers
equity in name, so will not risk   wondering about motives of
loss.                              change.
3.Timing with repositioning        3.Negative press may occur
CONSIDERATIONS
                                      TO DO
1. Decide on a new name
         If descriptive can be easy to recall
         Easier transition if similar to brand identity & positioning
             Enable customers to justify the reason for the change as a positive
              action (EX: Rename to be more descriptive about companies offerings,
              or rename to align with new positioning, etc.)


2. Promote to industry and customers
     PR announcement to industry, explanation on website, post on social media
      outlets, email current customers.
NAMING STEPS




Reference: Kevin Lane Keller
POTENTIAL NEW
    NAMES

                  ?
DO MARKET RESEARCH (IF FUNDS ARE AVAILABLE)
Contact
Kulin Marketing
 to learn more

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Brand Name Changing 101

  • 1. Re-branding Brand Name Changing By: Elizabeth Kulin www.kulinmarketing.com
  • 2. GENERAL REASONS  Merge, Acquisition, or Sale  Desire to reposition or create a new image  (Example: Townsend Thoresen Ferries to P&O Ferries)  Corporate strategy changes (move into a new industry/market)  International marketing: to harmonize brand name across boundaries  Legal problems Note: the process can take a number of years so that customers get used to the transition & You must consider the change from the customers view point. Reference: Jim Blythe
  • 3. RATIONAL REASON Not much equity in name – i.e. Low brand awareness + Low brand image **(Brand image problem from brand name)
  • 4. GENERAL BELIEFS The brand name convey the brand’s personality
  • 5. EXAMPLES  Revenue Science to Audience science – “a better job describing the company's value proposition. New identity reflects shift from single publisher sales to aggregation.” “gotten from our current clients has been very positive, and several have offered that it makes them feel positive and excited about the future.” (clickz)  Media Management Technologies, Inc., - separated of its network optimization service, ReviNet, from its AdPerfect line of advertising solutions. Separating these lines of business will result in two autonomous and focused divisions.Go Internet Media – AcademixDirect” (BusinessWire)  Perfect Future Ltd. to EDUVERSE Accelerated Learning Systems, Inc. – Did so to reflect the company's core competencies in education and the Internet.
  • 6. RATIONAL for ZEDO PROS: RISKS: 2.IF not have much brand 2.May lead to current customers equity in name, so will not risk wondering about motives of loss. change. 3.Timing with repositioning 3.Negative press may occur
  • 7. CONSIDERATIONS TO DO 1. Decide on a new name  If descriptive can be easy to recall  Easier transition if similar to brand identity & positioning  Enable customers to justify the reason for the change as a positive action (EX: Rename to be more descriptive about companies offerings, or rename to align with new positioning, etc.) 2. Promote to industry and customers  PR announcement to industry, explanation on website, post on social media outlets, email current customers.
  • 9. POTENTIAL NEW NAMES ? DO MARKET RESEARCH (IF FUNDS ARE AVAILABLE)