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There are approximately 300 million companies in the world today, each with a brand name. Creating a unique brand name is becoming increasingly challenging. To succeed in the name game, you need to follow three steps. First, determine what type of name you want, such as eponymous names like Disney and Burberry, which embody the founders' vision, or descriptive names like American Airlines and The Home Depot, which convey what the company does. Another approach is to create a unique name like Adidas, derived from the founder's name, or Tesla, as a tribute to Nikola Tesla's achievements.
