Brand naming…why it’s important.
More to the point, what is required for a brand to become like the much covet name brands like Coca Cola, Nike and Apple? It seems that brand names explode in the market…and yet, most take years until they become visible and reach the market consciousness. It’s important to state here that the term brand naming refers to products, service businesses and retail stores.
There are many brand naming agencies and writers who boast of their ability of being name generators. However, whether the business that your are seeking to name is a service or a product or even a retail store, the process of naming should not be taken lightly. Once you settle on a name for your business, it’s with you for a very long time. The process of brand naming is often difficult and should at least include some sort of market research.
Brand naming is only the very first, tiny step in developing a brand. Just as a logo isn’t branding… well, becoming a brand sensation doesn’t happen because you just name it. So what do the most popular brands out there do in order to penetrate the market consciousness? Here’s my take:
1) Create a brand definition. A brand name , especially an awesome one, needs to create an emotional connection. This may be in the form of visual tonality, a tagline, a promise. Make sure that brand definition appears or is stated whenever your brand appears…each and every time.
2) Create sensation: Brand needs to ‘be’. It needs to reach far and wide. After all what’s the use having an awesome brand and you’re 1 of 3 people who know about it. If you’re not out there… then you’re winking in the dark. If you are local retail store, then you need to promote locally, sponsor events, create hype with traditional and social media campaigns such as billboard, radio or print.These, of course, are only a few suggestions.
3) Develop a connection…. or rather community: It’s becoming increasingly easier to create brand connections with your audience. Easier doesn’t make it easy or quick but it is doable. It’s important to have a long term view in developing that brand community… it has to be strategic . With the use of a succinct social media plan, your awesome brand can reach your very select target group…and yes, talk to them. Develop connections that transcends the sell cycle…
4) Be awesome! Whether it’s a business, a product or a service, being branded means that you must deliver on its promise. No brand becomes any name brand unless it speaks, acts and delivers on what it says it will.
We all know that overnight successes often takes years to happen and brands are no different. Developing and creating a brand with a brand name that has market equity takes time and strategy. It’s all in the how to create a brand, that makes it a brand name… and that’s why brand naming is important.