A Name That Helps
There is great advantage in a name that tells a story. The name is usually
prominently displayed. To justify the space it occupies, it should aid
the advertising. Some such names are almost complete advertisements
in themselves. May Breath is such a name. Cream of Wheat is another.
That name alone has been worth a fortune. Other examples are Dutch Cleanser,
Cuticura, Dynashine, Minute Tapioca, 3-in-one Oil, Holeproof, Alcorub,
etc.
Such names may be protected, yet the name itself describes the product,
so it makes a valuable display.
Other coined names are meaningless. Some examples are Kodak, Karo,
Sapolio, Vaseline, Kotex, Lux, Postum, etc. They can be protected,
and long-continued advertising may give them a meaning. When this
is accomplished they become very valuable.
But the great majority of them never attain status.
Such names do not aid the advertising. It is very doubtful that they
justify display. The service of the product, not the name, is the
important thing in advertising. A vast amount of space is wasted in
displaying names and pictures which tell no selling story. The tendency
of modern advertising is to eliminate waste.
Other coined names signify ingredients which anyone may use. Examples
are Syrup of Figs, Coconut Oil Shampoo, Tar Soap, Palmolive Soap,
etc.
Such products may dominate a market if the price is reasonable, but
they must to a degree meet competition. They invite substitution.
They are naturally classified with other products which have like
ingredients, so the price must remain in that class.
Toasted Corn Flakes and Malted Milk are examples of unfortunate names.
In each of those cases one advertiser created a new demand. When the
demand was created, others shared it because they could use the name.
The originators depended only on a brand. It is interesting to speculate
on how much more profitable a coined name might have been.
On a patented product it must be remembered that the right to a name
expires with that patent. Names like Castoria, Aspirin, Shredded Wheat
Biscuit, etc., have become common property.
This is a very serious point to consider. It often makes a patent
an undesirable protection.
Another serious fault in coined names is frivolity. In seeking uniqueness
one gets something trivial. And that is a fatal handicap in a serious
product. It almost prohibits respect.
When a product must be called by a common name, the best auxiliary
name is a mans name. It is much better than a coined name, for it
shows that some man is proud of his creation.
Thus the question of a name is of serious importance in laying the
foundations of a new undertaking. Some names have become the chief
factors in success. Some have lost for their originators four-fifths
of the trade they developed.
Increase Your PPC Profits With Ad Tracking Software
A
small improvement in your online marketing performance has a BIG impact
on the success and profitability of your marketing campaigns.
But
you can't manage what you don't measure...
With
ROI Tracker ad tracking software you can track
click-to-sale conversion rates and return on investment for
all your pay-per-click search engine campaigns...in real-time!
ROI Tracker Ad Tracking Software |