logo
Receive the latest mybusiness news
SUBSCRIBE TO OUR NEWSLETTER
Copyright © 2020 MOMENTUMMEDIA

4 tips to successfully rebrand your business

Adam Zuchetti
Adam Zuchetti
26 July 2016 1 minute readShare
Business workers putting pieces of a puzzle together

Unlike SMEs, large corporations have big budgets to devote to marketing. But as one senior executive explains, the basics of marketing strategy remain the same.

Speaking at the Adobe Symposium, Jenny Williams – chief marketing officer for private health insurer HCF – said the basis of marketing should revolve around one key point.

Go for maximum impact
“Think of your ‘moment of truth’,” Ms Williams said.

Advertisement
Advertisement

“For us, it’s when you pay and when you make a claim, neither of which are particularly pleasant.”

This, Ms Williams said, allowed HCF to implement significant changes in how it engages with new and existing members, a task she admitted was challenging due to the “somewhat cynical environment” of consumers blaming insurers for rising healthcare costs.

 

“One challenge you will face today is that the journey with a customer is not linear,” she explained.

“We rethought the way that we segmented our audiences.”

Understand your customers
This audience segmentation, Ms Williams said, involved the creation of eight distinct customer profiles, and content was then created with each of these profiles in mind that looked at what customers needed to know, as well as what they would like to know.

“Focus on the end-users and what they are looking for, rather than the systems,” Ms Williams advised.

SPONSORED CONTENT

 

As part of this, she outlined what she calls “the three Cs of success: co-ordination, collaboration and change management”.

By examining its existing membership base and adapting its website content, marketing strategies and advertising, Ms Williams said HCF saw a 25 per cent increase in website conversions within the first six months alone, as well as higher levels of brand awareness and engagement.

Tips for rebranding
Ms Williams said her tips for other businesses considering a rebrand are:

1. Before you start, be realistic about your time frames and what you hope to achieve.
2. Demonstrate optimism, but make that optimism authentic.
3. Speed makes people nervous, so have a parachute (i.e. contingency plans that allow everyone to slow down and regain perspective).
4. Involve your employees early on, to bring them on the journey with you from the start: “people don’t mind working hard when they know they are going somewhere special”.

4 tips to successfully rebrand your business
mybusiness logo
Adam Zuchetti
Adam Zuchetti

Adam Zuchetti is the former editor of MyBusiness and a senior freelance media professional, specialising in the fields of business, personal finance and property. In 2020, he also embarked on his own business journey – inspired in part by the entrepreneurs and founders he had met through his journalistic work – with the launch of customised pet gifting and subscription service Paws N’ All.

Leave a Comment

Latest poll

How satisfied are you with the SME measures in the federal budget?