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There are an estimated 300 million companies in the world today, each with its own brand name. Creating a unique brand name is becoming more challenging with the vast amount of brands in existence. To create a great brand name, start by determining what type of name you want. There are seven different categories of names, including eponymous names like Disney and Burberry, which embody the vision of their founders. Other types include unique names like Adidas and homage names like Tesla. Descriptive names like American Airlines and The Home Depot work by telling you exactly what the company does. Choose the type of name that best represents your brand identity.