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There are approximately 300 million brands worldwide, ranging from major companies like Apple and Coca-Cola to small one-person businesses. With so many brands, it is becoming increasingly challenging to create a unique name. To create a great brand name, start by selecting the type of name you want. There are seven different categories of names, from eponymous names like Disney and Burberry to descriptive names like American Airlines and The Home Depot. Each name type serves a specific purpose in communicating the vision and beliefs of the brand. Choose a name that best represents your brand identity and resonates with your target audience.