WEEK 8.2 Flashcards
Refers to the identity of a company, of a product, of a service or of an entrepreneur himself or herself.
BRAND
a name given by the maker to a product or range of
products, especially a trademark.
BRAND NAME
The process of integrating the strategies formed from the marketing mix to give an identity to the product or service
BRANDING
- Establishing to target customers that the business is reliable and trustworthy and that the product or service is the superior solution to their current problem.
- Differentiating with competitors.
- Driving customer loyalty and retention.
Goals of Branding
Choosing A Short, Pronounceable & Catchy Made-Up Word As A Brand Name.
These Are Word Without Any Dictionary Meaning.
INVENTIVE BRAND NAME
Choosing Two Descriptive Words As A Brand Name.
Brands Are Describing The Nature of Businesses.
DESCRIPTIVE BRAND NAME
Choosing 3/4 Descriptive Words But Using Acronym As A Brand Name
Acronyms Stand As A Brand Name
ACRONYM BRAND NAME
Focuses on the unique traits of a specific area or region as the selling point of a particular place.
Including a specific location to your names
GEOGRAPHIC BRAND NAME
Choosing The Founder Name(s) As A Brand Name.
Founder Name Stands As Brand Name.
FOUNDER’S NAME
Give characteristics of a brand name
- Unique
- Easy to remember
- Can describe the benefits of the product or services
- Can be converted to other dialects or languages in case the entrepreneur expands to other territories
- Can describe a product category
- Can describe concrete qualities
- Positive and inspiring