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There are around 300 million brands in the world today, ranging from big names like Apple and Coca-Cola to small businesses. With so many brands, creating a unique name is challenging. To develop a great brand name, start by selecting the type of name you want from seven different categories. Eponymous names, like Disney and Burberry, embody the vision of their founders. Adidas is derived from the founder's name, while Tesla is an homage to Nikola Tesla. Descriptive names, like American Airlines and The Home Depot, tell you exactly what the brand is about.