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Plus the legal side of renaming your business and how to keep customers on board during your rebrand.  â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â
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Your business name does a lot of hard work. Itâs not just your legal identity â itâs also a marketing rockstar. It needs to sound good and match your brand (bonus points if it looks cool on a T-shirt!)Â Â
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Todayâs issue focuses on branding. Before you whip out your wallet to trademark a new name, overhaul your Facebook page, or confuse your customers with a whole new look, weâre covering how to change things up without alienating your audience.
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â˘ď¸ You love your business name, but do you love it enough to pay $350 for it? Hereâs how to decide whether trademarking in year one is worth the splurge.
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âď¸ Finally found the perfect new name for your business? Now itâs time to make it legal.
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â¨Your business is ready for a new look, but are your customers prepared? Hereâs how to make sure youâre still recognizable after a rebrand.
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Follow us for even more great tips, tricks, and deadline reminders. Facebook | Instagram | LinkedIn
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The Basics
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â˘ď¸ Trademarking your business name in year one: is it worth it?
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The Quick & Bristly: Trademarking your business name gives you more protection, but it doesnât have to go straight to the top of your list of startup expenses. If youâre building a brand around the name, expanding your reach, or already gaining recognition, it may be worth the cost. Still figuring out the name or the business itself? Keep the $350 in your bank account.
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You picked the business name. You claimed your domain. Now, before you spend way too much time picking the right font for your website, letâs talk trademarks. Specifically, do you need one in year one, or is it one of those business expenses that can wait until your bank account has recovered from everything else?
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What youâre actually paying for
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First things first: registering your business name and trademarking it are not the same thing. Registering an LLC does not mean that you own that name and nobody else can touch it. Things in business are rarely that simple.Â
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You may already have common law trademark rights just by using the name, but those rights are usually limited to where you do business. Federal registration gives you broader protection and a stronger claim if someone else uses your name.Â
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The United States Patent and Trademark Office charges a base application fee of $350 per class of goods or services. So the real question is whether that protection is worth the price for your business.
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When a trademark might be worth it
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Trademarking makes the most sense when your business name is doing more than just existing as your Instagram username.Â
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Consider trademarking if:Â
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Customers are starting to recognize your name
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Youâre selling beyond your local market
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You want stronger legal protection
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You know youâre sticking with the name
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Once people actually know your business by name, trademarking starts to feel less like an expense and more like an insurance policy.
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When you can probably wait
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Not every business name needs the full legal treatment right out of the gate. You can probably wait if:Â
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Youâre still testing the business idea
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You havenât established your core products or services
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Youâre not completely sold on the name
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That $350+ would be better spent on other expenses
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If your business (or the name) is still in the experimental phase, the trademark application probably can be, too.
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A trademark can be worth it, but itâs not an automatic expense you have to stress over in year one. If youâre building a brand around the name, the added protection makes sense. But before you get too attached, make sure the name is actually available. Finding out otherwise after youâve already paid for the logo, signage, and swag is an expensive way to learn about the USPTO search tool.
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đ ď¸ Tool: Is it worth trademarking your business name?
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Trademarking is a big step. Use our free tool to determine if itâs worth it in Year One.
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PRESENTED BY LEGALZOOM
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Ready to trademark your business name?
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LegalZoomâs expert team of trademark attorneys takes care of each step of the trademark process from start to finish. Just answer a few questions about your brand to get started.
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The Deep Dive
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đ How to rebrand your business without losing your customers
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The Quick & Bristly: A rebrand can give your business a much-needed refresh, but you donât want to leave loyal customers behind. Keep what already works, communicate the changes before they happen, and listen to customers after launch. A good rebrand changes your look, not the business that customers know and trust.
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Whether itâs a new name, different brand colors, or an updated logo, sometimes your business is just ready for a glow-up. But thereâs one little problem: your customers already know and love you. Changing too much too fast can leave them wondering who the heck you are. By being strategic with your rebrand, you can freshen up your brand without losing the trust and recognition youâve already built.
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Rebrand with a purpose
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Before you start gutting your brand for a full overhaul, think about why youâre rebranding in the first place: youâre targeting a new audience, your products have changed, or your website looks like it hasnât been updated since 2012.Â
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Then take note of whatâs already working. If customers recognize your logo, your tagline is snappy and memorable, or certain elements just seem to fit, donât toss them out just for the sake of having something new. When in doubt, ask your customers what theyâd keep ⌠and what theyâd like to help you send into retirement.
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Keep your customers in the loop
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The magic of a good rebrand is making your business feel new without pulling a disappearing act on your customers.Â
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Give customers a peek behind the curtain before the big reveal. Tell them whatâs changing, why youâre doing it, and â just as important â what they can still count on. Emails, social posts, and your website can all help you communicate whatâs happening before the new brand officially takes over.
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Listen after the launch
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Now that the rebrand is out in the wild, itâs time to see how it behaves. Pay attention to what your customers are saying. If theyâre confused, miss something from the old brand, or keep complaining about the same change, donât brush it off. Use that feedback to fine-tune the rollout. You may have launched your rebrand in a week, but getting customers used to the changes can take a little longer.Â
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A good rebrand gives your business room to grow without throwing out everything your customers know and trust. Keep the good stuff, explain the changes, and be open to feedback. A new look is great. Having people around to actually see the results is even better.Â
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đ ď¸ Try: The rebrand pulse check
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Keep an ear to the ground. Use this tool as a quick check-in with your audience on how your new brand is being perceived.
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You donât need to hire a fancy marketing agency
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Whether your website needs a refresh or youâre finally ready to dip your toe in the shark-infested waters of social media marketing, Marketing360 gives small businesses the tools to grow without the agency price tag.
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