Take a good look at your brand. Are you impressed with your logo? Your menu? Your image? Your personality? Most start-up chains would say not 100 percent. But no need to fret. Sure, rebranding campaigns are expensive, time consuming, exhausting, but most definitely necessary in building your brand far over the 100-unit mark. If you don’t have the funds to brand a great concept – find it. No excuses.
And now is the most important to gain an edge on the competition. Marketing, PR, branding initiatives should be ramped up during a struggling economy. Sometimes that means breaking the bank slightly, but when our recession flips to happy spending, consumers will appreciate the brands that didn’t have huge price increases, still offered the consumer magic in the product, and never sacrificed the importance of consumer connections.
With that said, when you are evaluating your brand – conducting a brand audit – you should think like a reporter to maximize your changes and evolutions to the public. You should think like the media. While the media won’t be the sole reason for the make or break of your brand, it sure is nice if they appreciate and report on your brand’s evolution.
How can you think like a reporter, you say? What publications do you read? Do you read the newspaper with your morning Joe? Do you read business magazines on your frequent flights? You should. But if you don’t, not a problem – because your PR firm should be doing this for you. They should be embracing every bit of the media – gaining clear understanding so that they can provide you with expert insight to your revamping.
Are you launching a new menu? Is that newsworthy? Sure, if you are expanding it into innovation.
Are you creating a new branding campaign that includes a local TV ad spot that features a new mascot for your brand? Is that newsworthy? Sure, if you have a green hook, a community hook, any hook.
The idea is to think in headlines. If they media could find interest in your concept, so will the public. Don’t underestimate what is and what isn’t a story. Ask your PR firm to evaluate (no fluff) you branding ideas as you go through the process. They, along with the media, can be very helpful to identifying the sexiness.