Develop the perfect brand name for your business with these 7 simple steps

23/02/2018

brand name development 7 steps

brand name development 7 stepsA brand identity is how an organization wants its name, communication style, logo or mark, and other visual elements to be perceived by consumers. The components of the brand are created by the organization and as a result, brand identity reflects the way an organization wants consumers to perceive its brands. It does not necessarily reflect how the brand is actually perceived by current and potential customers.

The brand identity should:

  • Meet the purpose and objectives of the organization.
  • Meet the needs of the target market for the brand.
  • Define key brand characteristics to be communicated.
  • Highlight the benefits of the products or services associated with the brand.

Some organizations start this process by completing a creative brief with details such as the organization’s vision, its target audience, the objectives of the brand identity and its key thought or idea. Some marketers use mood boards in addition to creative briefs. A mood board is a collection of images, materials and text that depict the brand concept. These tools help them define the brand identity and adjust it for new markets, if needed. Find examples of these online.

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Stand out from the crowd with a memorable brand name

The brand name provides potential international customers with information about the service or product and can help them form an immediate impression about the organization. Carefully selected brand names distinguish an organization’s service or product from a competitor’s. Also, it can send out a strong message about the organization’s marketing position or corporate personality.

Ideally, a brand name should be:

  • Short and simple
  • Easy to spell, pronounce and remember
  • Pronounceable in only one way
  • Indicative of the benefits of the product or service
  • Easy to adapt to packaging and labelling requirements or to any form of advertising
  • Non-offensive or negative
  • Unlikely to become dated
  • Legally available for use

International organizations take a variety of approaches to finding the right brand name. One approach is to simply invent a new word. Consider Kodak. Invented by founder George Eastman, the name Kodak (a word without a meaning) was deemed to be easy to pronounce and was non-offensive in the organization’s target markets.

Another strategy is to use a name that can be easily translated into different languages, such as Mr. Clean. Around the world, the iconic Mr. Clean character is known as Maestro Limpio (Mexico), Monsieur Propre (France) and many others.

The stakeholders involved in selecting the international brand name would benefit from the insights and guidance of individuals who are fluent in the international market’s language and culture. Found below is a list of the typical ways to select a brand name.

Similarly, these processes could be used to select an appropriate international logo, slogan, colours, numbers and imagery.

1. Research brand names in use

Determine the brand names currently in use in the target foreign market then evaluate their effectiveness.

2. Identify three to five product or service characteristics

Determine how the product or service should be represented to the target market. Then pinpoint the traits of the product or service that will distinguish it from competitors which will help convince consumers to purchase it over the competition.

3. Identify three to five organizational characteristics

Determine how the organizations represented to the target market. Identify the personality traits of the organization (e.g. efficient, unique and supportive) that would resonate with the target audience.

4. Create buzz words

Create a list of all the words and phrases associated with the characteristic or personality traits from steps two and three. Also, make sure the words and phrases on the list correspond with the offering if you want to incorporate that into the name.

5. Envision the brand name

Consider how the list of words and phrases generated would look if featured on a billboard sign or on the product’s packaging. Include possible graphic images and print typefaces for enhancing the appearance of these phrases. It might help to consider how these names would sound when spoken. Throughout this process, it will become easier to reduce the list of words and phrases down to only the most effective and captivating.

6. Test possible brand names

Once reduced to 10-15 names, test potential customers’ reactions through focus groups or surveys.

7. Check for availability of use

Check whether the remaining brand names are available for use. The way to do this is through a trademark search. For a fee, advertising or marketing firms, or certain attorneys, can conduct this type of research. Another option is to submit a formal request for a trademark or service mark, and wait to see whether it is approved.

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About the author

Author: FITT Team

The Forum for International Trade Training (FITT) is the standards, certification and training body dedicated to providing international business training, resources and professional certification to individuals and businesses. Created by business for business, FITT’s international business training solutions are the standard of excellence for global trade professionals around the world.

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