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There are approximately 300 million companies worldwide, each with its own brand name. Some brands, like Apple and Coca-Cola, are widely recognized, while others are as small as a one-person business. With so many brands to compete with, it's becoming harder to create a unique name. To create a great brand name, start by selecting what type of name you want. There are seven different categories of names, including eponymous names like Disney and descriptive names like American Airlines. Choose a name that embodies the vision and beliefs of your brand founders, or one that tells customers exactly what your brand is about.