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There are approximately 300 million brands in the world today, ranging from large companies like Apple and Coca-Cola to small one-person businesses. With so many brands, creating a unique name is becoming increasingly challenging. To create a great brand name, you start by selecting what type of name you want, as there are seven different categories of names. Eponymous names, like Disney and Burberry, reflect the vision and beliefs of their founders, while descriptive names, like American Airlines and The Home Depot, work by telling you exactly what the company does. Adidas is unique as it is derived from the founder's name, Addie Dassler, and Tesla pays homage to Nikola Tesla's electrical engineering achievements.
