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There are estimated 300 million companies in the world, each with its own brand name. With so many brands, creating a unique name is increasingly challenging. To create a great brand name, start with selecting the type of name you want from seven categories. Eponymous names like Disney and Burberry embody the vision of their founders. Adidas is derived from the founder's name, while Tesla pays homage to Nikola Tesla. Descriptive names like American Airlines and The Home Depot tell you exactly what the brand does.