No, I'm not talking about Dallas. Nor am I referring to the hip hop rap MC of the same name. I'm talking about Differentiation. If you understand this Big D, then you will have a real key to building your business.
Full disclosure: I consider myself a disciple of Al Ries and Jack Trout. They are true "Marketing Gods" for their work in Positioning and Brand Development. I first read "Positioning: The Battle For Your Mind" in the early 80's and have referred to it regularly since then.
I recently had two very different name development jobs that presented a wide spectrum of name potential. The names have been changed to protect the guilty, but the situations were real.
One client wanted a descriptive name for a product that would exist in a category of descriptive brand names. To exaggerate, the client wanted a "Fast Pain Relief" name in a category with brands like "Ultra Fast Pain Relief," "Super Fast Pain Relief," "Faster Than Everyone Else Relief," etc.
Another client wanted a made up name that had no reference to the product or category. I'm talking about names like "Blue Elephant" for a pain relief product. Sometimes this naming strategy makes sense, but not in his product category. He had a real opportunity to become the market-defining product by choosing a name that helped consumers understand the benefits of using the product.
I always present a wide range of options for names because I want the client to see the possibilities. However, I always recommend an approach based on a strategic examination of the market in which the product competes, and that is where the Big D comes into play.
Sadly, my story about Differentiation in names has an unhappy ending. Neither of my clients chose to differentiate their products with names that would enable them to stand out in the crowd. "Mr. Descriptive Name" chose a descriptive name for his product, and "Mr. Wild Card" chose a wild card name. As a result, each of their products now has an uphill battle in marketing because the names they chose are not differentiated versus the competition. So choose wisely and think "Differentiation" when branding!