Re-branding and re-directing your site – When is the Right Time?
Making changes to your site is a huge step. So this question to re-brand or not to, it is tough because you know when you do that re-brand, you will almost certainly take a traffic hit, and SEO is one of the biggest places where people typically take that traffic hit.
How memorable or amplifiable is your current brand?
Well, these are the questions that I would urge you to consider. How memorable and amplifiable is your current brand? That’s something that if you are recognizing like, “Hey I think our brand name, in fact, is holding us back in search results and social media amplification, press, in blog mentions, in journalist links and these kinds of things,” well, that’s something serious to think about. Word of mouth too.
Will you maintain your current brand name long term?
So if you know that sometime in the next two, three, four, or five years you do want to move to StarToys, I would actually strongly urge you to do that right now, because the longer you wait, the longer it will take to build up the signals around the new domain and the more pain you’ll potentially incur by having to keep branding this and working on this old brand name. So I would strongly urge you, if you know you’re going to make the move eventually, make it today. Take the pain now, rather than more pain later.
Can or have you tested brand preference with your target audience?
I would urge you to find two different groups, one who are loyal customers today, people who know SciFiToysAndGames.com and have used it, and two, people who are potential customers, but aren’t yet familiar with it.
You don’t need to do big sample-sizes. If you can get 5, 10, or 15 people either in a room or talk to them in person, you can try some web surveys, you can try using some social media ads like things on Facebook. I’ve seen some companies do some testing around this. Even buying potential PPC ads and seeing how click-through rates perform and sentiment and those kinds of things, that is a great way to help validate your ideas, especially if you’re forced to bring data to a table by executives or other stakeholders.
How much traffic would you need in one year to justify a URL move?
The last thing I think about is imagine, and I want you to either imagine or even model this out, mathematically model it out. If your traffic growth rate — so let’s say you’re growing at 10% year-over-year right now — if that improved 1%, 5%, or 10% annually with a new brand name, would you make the move? So knowing that you might take a short-term hit, but then that your growth rate would be incrementally higher in years to come, how big would that growth rate need to be?
I would say that, in general, if I were thinking about these two domains, granted this is a hard case because you don’t know exactly how much more brandable or word-of-mouth-able or amplifiable your new one might be compared to your existing one. Well, gosh, my general thing here is if you think that’s going to be a substantive percentage, say 5% plus, almost always it’s worth it, because compound growth rate over a number of years will mean that you’re winning big time. Remember that that growth rate is different that raw growth. If you can incrementally increase your growth rate, you get tremendously more traffic when you look back two, three, four, or five years later.