BrandingDecember 25, 2024
Rebranding: when and how to change your startup name
Strategic guide for startup rebranding. Warning signs, step-by-step process, costs and case studies of successful rebrandings.
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When should you consider rebranding?
Rebranding is a major decision that can cost between $50k and $500k. Here are the signals that indicate it's time to change.
Warning signs
- Legal issues: trademark conflict, cease & desist
- Product pivot: your offering has completely changed
- Limiting name: hinders geographic or sector expansion
- Negative connotations: problematic associations
- Memory difficulties: customers can't remember/spell it
Case studies of successful rebrandings
Google (ex-BackRub): more universal and memorable name
PayPal (ex-X.com): avoids confusion with adult content
Instagram (ex-Burbn): focus on main functionality
Twitter (to X): ... to be continued 😅
8-step rebranding process
- Complete audit: why change, clear objectives
- Research & naming: new name aligned with vision
- Legal validation: verifications and filings
- Identity design: logo, graphic charter
- Communication strategy: announcement and explanation
- Technical migration: domain, email, applications
- Deployment: update all media
- Follow-up: impact measurement and adjustments
Expected costs
- Research & creation: $5k-25k
- Legal: $2k-10k
- Design: $10k-50k
- Communication: $20k-200k
- Technical: $5k-30k
- Opportunity: revenue lost during transition
Risks to mitigate
- Loss of acquired notoriety
- Confusion of existing customers
- Temporary negative SEO impact
- Underestimated migration costs