What makes a brand memorable? When a company begins the
process of choosing their brand name, they have to remember five keys elements
to make their product or service more memorable than their competition. These
five keys are…
1.
Should suggest that the product benefits
2.
Should be
memorable, distinctive, and positive
3.
Should fit the company or product image
4.
Should have no legal or regulatory restrictions
5.
Should be simple and emotional
(Kerin)
A brand name is
described as any word, device (design, sound, shape, color) or combo of these
used to distinguish a seller’s goods or services (Kerin).


Today, according to Forbes, the Budweiser brand is worth
$21.1 billion and is the 19th world’s most valuable brand. “Budweiser
(including Bud Light) is the biggest brand for Anheuser-Busch InBev. The global
beer giant was created in 2008 when Belgium-based InBev purchased
Anheuser-Busch. Bud is now the No. 3 beer brand in the U.S. behind Bud Light
and Coors Light, as volume in the U.S. shrank for the 24th straight year in
2012. The brand has made strides internationally under AB InBev's watch.
Budweiser sold outside the U.S. now represents 51% of global Bud volume driven
by strong growth in China” (Forbes.com).
Budweiser has been around for about 150 years, and its
popularity continues to grow. This is what happens when you brand your product
so that it is memorable.