Tuesday, December 16, 2008

Product Branding - The Key to Marketing Success

By Rachel L. Matagaster

Product branding is a very important part of promoting any product you create. Whether it's "soft" items such as electronic books, courses, or music, or tangible items such as clothing or other shippable items, you need to have a name. You need an identity that people will remember, not just the name of your product, but those catchy little phrases that stick in people's heads.

Marketing is a big industry, and there is good reason for this. It does you no good to have that amazing invention if no one knows it exists. It is hard to sell something that no one sees. These days we are overloaded with information, ads and sales pitches. You need marketing to capture the attention of others. You need something different.

Some say that coming up with that new invention or that next great product is the hard part, but that step is only the beginning, and can be easy compared to the task of finding a good name, something that is catchy and memorable. We work hard to build our business, and we want to maximize our rewards. Good product branding will help you find that success you seek.

This is where branding and protection of our "good name" comes into play. The last think you want is for someone else to start up their campaign with your idea. Even worse, you don't want to find someone else taking your start up campaign and stepping right over your start-up name with their corporate funding and clout.

There are many directions you can take in product branding. You may have a new, unique product that you want to test and want to isolate this new product from your other established products. Usually products are grouped together through family branding so you can use the success of your other products as a first step selling point for your new product campaign.

Another approach to product branding is called co-branding. This is the teaming of two companies to form a new venture. One example of co-branding is Visa and MasterCard. This concept works well to present a better product to both existing markets as well as attract new markets through the established names of each participant.

It's always advised to learn the laws, and take the time to properly brand your product. Every state has its own trademark process, and you can apply for a federal trademark as well to protect that name you are using to identify your product or product line.

Product branding is an important part of your product development cycle. What's so important about a name? It can be your goldmine to repeat business and recognition by the market you value. You have the right to success, and knowing your rights by law can bring you from start up obscurity to a multi-million dollar corporation. - 15359

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