Branding


                        Brand Name
Brand name have the power to stay the product for a long time.There are few conditions for staying power of brand name. Brand name should be easy to pronounce ,easy to spell,short and have some meaning.Interestingly few brand name made major impact in the market.Few people know that  Dalda ghee is brand name or generic name.We indians know two types of ghee one is Dalda ghee another is desi ghee.Truth is Dalda is brand name and generic name is vanaspati ghee.That is the power of brand name.
More interesting thing is whenever we want to purchase noodles we ask shopkeeper Give me Patanjali's Maggie.Tooth paste also called colgate even for Pepsodent and close up.Surf is another example , we want nirma's Surf but generic name of Surf is Detergent powder.Same case of All Out ..we always want Allout's Good Night.This is also called first mover advantage.
Brand name is most important for us even in economics some products have exception of rule of demand.Their Demand deacreases whenever their price falls.We pay very heavy amount of product like BMW,AUDI,MERCEDES,lakhs of rupees are spent for having that product and even crores for few models but we always endorse the brand. Why not we put our name on our car. In india if we purchase cover for apple phone we find circle whole so that apple can be seen properly.Reverse in case of home we always put our name plate on it.We never put name of contractor on our buildings.That is the power of brand name.
Brand name of my coaching center is EBAM COACHING CLASSES
ie E for Economics
    B for Business Studies
    A for Accountancy
   M for Mathematics and as i am  counselling to the students how to appear and prepare for exam.Then EBAM Means EDUCATING BODY & Mind.Do you think my brand name has staying power comment,in box.
  Deepak Gogia

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