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Looking For New Products

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The following process is how to sort the wheat from the chaff and find the best one.



Once the names have been generated (at this early stage, nothing is discounted to keep the brainstorming session flowing at optimum creativity), they then go through a screening process designed to eliminate those which don't meet the initial criteria ie 1. names that have an unintentional double meaning 2. ones that can't be pronounced easily, already in use, or too close to an existing name 3. names that have obvious legal complications (this is where the Trade Mark Attorney comes in) and finally 4. names that represent an obvious contradiction of the positioning and brand strategy.

Once the list has been narrowed down to a list of five ?possibles?, it is advisable to do a quick initial search with the Trade Mark Attorney, and if he/she advises, undertake an extensive international (in these days of global business, considered prudent) legal search before spending large amounts of money on customer research. Because of the legal costs involved, it is wise to proceed in a sequential basis, eg only testing those which passed the legal screen from the first country.

Once the final group has been cleared, customer research can be undertaken to confirm management expectations of the memorability and meaningfulness of the names.

Finally, based on the results of the investigation, management can choose the name which best maximises the organisation's branding and marketing objectives.

The last step in this process is to formally register the name.

?Name? verses ?No-name?:

Some companies find themselves with a name which has become redundant because of changes in focus, products and services offered, amalgamation etc etc.

Often they make the decision to use their initials thinking this will help. All it does is reduce their status from a ?name? company to a ?no-name? company. Research shows the average awareness of a ?name? company is 68%, while ?no-name? companies rank at 49% - a whopping 19% lower. (Why do no-names like IBM work? Because they've been around long enough to do it successfully and have a huge marketing budget.)

Why have a logo?

The combination of a name and symbol (collectively called a logo today) activates both sides of the brain, and is considered to be the strongest, most memorable approach.

A logo and powerful corporate colour scheme offers consistency, instant recognition and strong differentiation from competitors.

Why is Positioning such a big deal?

Positioning is of vital importance as it helps an organisation be seen and heard in the extraordinarily overcrowded marketplace. Without it, an organisation has nothing

meaningful to say, thus losing valuable marketing opportunities to their competitors.

Professional design firms have proven systems to establish positioning and points of differentiation, which is the method used to determine what form a new logo and corporate ?look? should take.
Looking For New Products
There are a large number of products spilling over the market today. You could simply keep counting the number of products in your nearby store endlessly for days. Within every product line itself you can find a vast plethora of brands vying for the customer's attention. Launching a new product amidst this massive range of products is not an easy job. In a market scene where even the existing players are finding it difficult to survive, making a fresh new entry is no child's play. With the increasing number of players in the market, the competition becomes all the more fierce and especially for the new entrants. Thus if you are planning to bring out a new product in the market it is important that you have strong business plans ready to support your newly launched product.

There can be various ways to introduce your product in the market with a bang. Extensive public relation activities, organising teaser events, heavy corporate advertising, and coming up with a grandeur product launch could be some ideas. Yet another smart and at the same time feasible strategy to launch your product in the market could be by using promotional umbrellas. Promotional umbrellas are a great way to show your products the door to the highly dynamic and competitive markets. If these wonderful promotional items are used in the right manner and at the right time, your product surely has a long way to go.

Distributing printed umbrellas that carry your brand name and logo could help you launch your product smoothly and effectively. You could choose to give away promotional umbrellas furnished with your brand name and logo before the launch as a part of the pre-publicity campaign. Giving away promotional umbrellas before the launch helps you in building a certain curiosity level amidst the audience about the arrival of a new product. You could even get a rough idea of how well your product is going to be accepted in the market. Giving away promotional umbrellas just when you are nearing the launch is a great idea and helps you put the perfect first step towards attaining a perfect launch.

Promotional umbrellas could be even distributed at the time of the launch. These promotional umbrellas can add charm to the simplest of product launches. They are the perfect way to make the launch a pleasant experience for the attendees and make the event a memorable one. These promotional umbrellas are going to keep the memories of the first step of your product alive even after our product has gone ahead to become a rage in the market.

Thus, promotional umbrellas are a sure fire strategy to launch a new product in the market. To know more about promotional umbrellas and other promotional products, visit us at www.yesgifts.co.uk.
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About Author
Both Carolyn R Morgan & Tina Rinaudo are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Carolyn R Morgan has sinced written about articles on various topics from Health, Kids and Teens and Gardening. Carolyn Morgan is a graphic designer, writer and illustrator who specialises in creating positioning and brand identity strategies for a wide range of businesses. To see examples of Carolyn's work, go to www.carolynmorgan.com.au. Carolyn R Morgan's top article generates over 3600 views. Bookmark Carolyn R Morgan to your Favourites.

Tina Rinaudo has sinced written about articles on various topics from Promotional Advertising, Home Improvement and Promotional Advertising. Tina Rinaudo is one of the leading lights in the UK promotional umbrellas industry. Tina is the co-founder of YesGifts, the UK's fastest. Tina Rinaudo's top article generates over 135000 views. Bookmark Tina Rinaudo to your Favourites.
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