What Is In The Brand Name? Without a doubt apex quality products/services make your consumer visit you again

By Pratik Kanada

Opinions expressed by BIZ Experiences contributors are their own.

You're reading BIZ Experiences India, an international franchise of BIZ Experiences Media.

Shutterstock

There are companies mushrooming every now and then globally as well as locally. Most of the companies solely aim at selling their products or services to us while some of them aim at selling the brand to us. When we use the terminology – "Branded goods" we generally do not signify the utility or functionality of the product/service rather what we gently remind ourselves is the "brand". When a consumer attaches himself/herself with a brand it is the success of branding.

Going to buy a product is driven by the utility but choosing one product over another given the external factors remain constant is Branding. A lot of companies tend to invest in branding strategies and this is fruitful even in the times of crises.

Researchers figured out that even when the economy crashes down, sometimes the brand loyalty stays intact and here lies the successful brand establishment of the company. The idea of buying a space in the minds of consumers is nothing but branding. Consumers may or may not connect with the product but they do establish connections with the brands.

Under the broad umbrella of branding falls brand name. The brand name is certainly the very first thing that stamps in the minds of your prospective consumers hence it is integral to choose the right brand name. So what are the tips that you can consider while figuring out the brand name?

1. Reflecting brand identity: You brand name determine how are you going to be perceived by the consumer. Picking up a name that defines your core value or portrays the image you want to put forth is a good move. For instance, if your brand is a global leveled brand you can consider naming it something that would match the global standards.

2. Target audience: The first rule of marketing strategy is identifying the target audience correctly. Similarly, your brand name must determine the audience that you are targeting. For instance, keeping the name of a regional newspaper in the regional language speaks that this brand stands for this particular regional language and is mainly for population speaking in this language. You brand name should never confuse the target audience.

3. Easy to grasp: We come across a lot of things in an entire day yet we recollect some, remember some and forget some. The things that manage to impress our brains stay in our head while other things sweep off. Your brand name must not just be appealing but also interesting enough to remember. At the same time make sure that you don't end up making It tough to hear, understand or speak. It must be catchy and easy at the same time.

Brand names are integral assets to the organization because consumers emotionally attach themselves to the brands through their name followed by the experience. Without a doubt apex quality products/services make your consumer visit you again but a strong and connectible brand name gives you an edge over your competitors in the market making you choose them over every other brand you compete with.

Pratik Kanada

CEO, 360 Degree Technosoft

CEO of 360 Degree Technosoft, a mobile app development company. Writes about Leadership, Start-up Quests, Social Media, Latest Tech Trends and Mobile Applications.

Business News

Nvidia's CEO Jensen Huang Says He's 'Created More Billionaires' Than Anyone Else — Adding Two More This Week

Two more Nvidia leaders have crossed the threshold into billion-dollar fortunes — and they're still clocking into work.

Franchise

10 No-Office-Required Businesses You Can Start for as Little as $5,000

With strong Franchise 500 rankings and investment levels starting under $5,000, these brands are ready for new owners to hit the ground running.

Growing a Business

If Email Is Your Main Strategy, You're Missing the Easiest Way to Build Authority

Most marketing emails don't get read, but businesses are still treating email as their primary relationship-building tool. It's time for a new approach.

Starting a Business

How to Develop the Mindset for a Billion-Dollar Success, According to Raising Cane's Founder

Todd Graves was turned down by every bank in town when he started. Here, he sits down to share his mentality on success, leadership and building a billion-dollar brand.

Business News

'Ongoing Inflation Problem': Federal Reserve Holds Rates Steady for the Fifth-Straight Time

Experts tell BIZ Experiences that the data didn't justify a rate cut today — but September could tell a different story.

Business News

Here's How Meta's AI Superintelligence Effort Is Different From 'Others in the Industry,' According to Mark Zuckerberg's New Blog Post

In a letter published on Wednesday, the Meta CEO said that the company's goal is to bring personal superintelligence to everyone.