A brand name delivers a promise or commitment from a company to a customer about product or service performance. For a business, building a strong and reputable brand name helps attract customers, build loyalty and earn high profit margins.
When customers have a favorable image of a company, its brand name often inspires positive sentiment that extends beyond the tangible benefits its products provide. Customers also appreciate a brand name because it simplifies the buying process. Customers remember the experiences they have previously had with a company, and a quality brand name signifies consistency. A brand name conveys a mix of attributes and distinct product qualities.