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There are approximately 300 million companies worldwide, each with a unique brand name. The process of creating a great brand name involves three steps: selecting the type of name you want from seven categories, including eponymous names like Disney and Tesla, descriptive names like American Airlines, and evocative names like Apple. These names can embody the vision of the founder or convey a specific message about the company. Ultimately, the key to success in the name game is finding a name that resonates with your target audience and sets your brand apart in a saturated market.