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There are approximately 300 million companies in the world, each with a unique brand name. Creating a great brand name starts with selecting a type of name from seven different categories. Eponymous names, like Disney and Burberry, reflect the vision of their founders. Descriptive names, such as American Airlines and The Home Depot, convey the nature of the business. Names like Adidas and Tesla are more unique and pay homage to their founders or their achievements. Ultimately, choosing the right type of name is crucial in the game of branding.
