Sunday, December 14, 2008

Product Branding - What's So Important about a Name?

By Rachel L. Matagaster

Product branding is a very important part of promoting any product you create. Whether it's "soft" items such as electronic books, courses, or music, or tangible items such as clothing or other shippable items, you need to have a name. You need an identity that people will remember, not just the name of your product, but those catchy little phrases that stick in people's heads.

Marketing is a big industry, and there is good reason for this. It does you no good to have that amazing invention if no one knows it exists. It is hard to sell something that no one sees. These days we are overloaded with information, ads and sales pitches. You need marketing to capture the attention of others. You need something different.

Some say that coming up with that new invention or that next great product is the hard part, but that step is only the beginning, and can be easy compared to the task of finding a good name, something that is catchy and memorable. We work hard to build our business, and we want to maximize our rewards. Good product branding will help you find that success you seek.

This is where branding and protection of our "good name" comes into play. The last think you want is for someone else to start up their campaign with your idea. Even worse, you don't want to find someone else taking your start up campaign and stepping right over your start-up name with their corporate funding and clout.

There are several approaches to branding: Individual product branding gives a unique identity to a product, but does not link it to other products, therefore it is difficult to ride on the success of your previous products. Family branding gives you the umbrella of an already established brand.

Co-branding, another marketing strategy, teams up two known product brands. One great example is MasterCard and Visa. This brings together the strength and identity of both into a synergetic new product.

It's always advised to learn the laws, and take the time to properly brand your product. Every state has its own trademark process, and you can apply for a federal trademark as well to protect that name you are using to identify your product or product line.

So now we see how important product branding is in your product development cycle. Being seen adds up to making sales, and a recognizable, memorable name can be your ticket to product marketing success. - 16003

About the Author: