June 19, 2018
Brand Naming
Ever wonder which strategy best helps a famous brand company reach consumers?
There are many right answers, but one of them is to create one that is fully personalized to you. There is much to learn from famous brands like IKEA about product branding strategy and rebranding products. How IKEA names its products is ingenious.
IKEA products stand out with their quirky brand names:
Each name elevates the perceived value of the object, and signals it has a distinct place in your home.
So, what is IKEA's product branding strategy and product naming system? IKEA's naming system was created by Ingvar Kamprad, the company's founder. Kamprad struggled with dyslexia, and he had trouble remembering the order of the numbers in item codes. So he swapped the numbers for names. This made it easier for him to remember each item, and as a result, he made fewer mistakes when filling out forms. The naming system is brilliant in its simplicity and scalability. Each product is named after Swedish towns and villages, humans, and other applicable Swedish words.
The system is even cooler than simply assigning random Swedish words to products. Each category of products is assigned a specific type of name. For example, outdoor furniture is named after Scandinavian islands:
If you study Google Maps, you can find each island that the product represents.
To simplify its inventory and branding, IKEA uses the same product name for each of its products in all its markets. A Fartyg ceiling light is a Fartyg no matter where you buy it.
Anne Quito breaks down the naming system:
The system helps IKEA name new products quickly and efficiently, but IKEA doesn’t constrain itself by the system. They’ll break their own rules when it makes sense.
For instance, the Billy bookcase, IKEA’s #1 selling product, is named after an employee, Billy Likjedhal. Some products have functional names, because they work better:
So, which strategy best helps a famous brand company reach consumers? IKEA - with over 12,000 products - has created a brilliant naming system. The names are quirky and endearing, and they elevate the status of each product. The naming system is efficient and scalable, which is essential for a global brand that is naming thousands of unique products.
What do you think the perfect naming system for your brand is? Are you thinking of creating a product branding strategy or wanting to work on rebranding your products? Schedule a call with us to get our expert advice on the best product branding strategy!
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