SlideShare a Scribd company logo
1 of 5
Download to read offline
Telephony Today              Spring 2013

SPECIAL PRODUCT ISSUE


What’s in a name:
How products’ names
come into being




Same Market -           New Products
Different Strategies:
Competition within        of 2013
Telecommunications



The
Relationship
between
Companies &
Products
In This Issue                                                                                                                                                                                       What’s in a name?

                                                                                                                   Naming Beyond the Physical                                       Tips for Naming


                                                                                                                      First, a name is the promise of an experience. It has
What’s in a name?                        Competition                         Branding                              to help consumers simplify their choices. If a name             → Avoid acronyms & overly complex jargon
 The Naming Process                        Competitor Products                 Levels of Branding                  cannot quickly relate the resellers to the key attributes
 Tips for Naming Technology                Competitor Tactics                  Epygi & Their Product               that the product has to offer, then they have little            → Utilize names with symbolism and meaning
                                                                                                                   incentive to promote that product. It comes down to
                                         	                                                                         simplicity, reliability, and accessibility. It is important     → Easy to read, easy to say, and visually appealing
                                                                             	                                     to create names that transcend the physical benefits
                                                                                                                   of the product to create an experience with which
                                                          with exclusive Potential Brand Components!               the reseller can identify. It may be as small as giving       There are a few more tips when naming a products
                                                                                                                   “Quadro” a clear meaning or by continuing to use the          and or product line. Keep in mind, that there are no
                                                                                                                   relatable digits within names. These triggers should          set rules in naming because it is both a creative and
                                                                                                                   relate back within their minds as to how the prod-            personal expression for a company.
                                                                                                                   uct will be used and the experiences it provides their        	        Firstly, acronyms are not the best choice, un-
                                                                                                                   customers.                                                    less they have very clear and understandable meaning.
                                                                                                                      Second, a name is a fusion of the emotional attri-         While acronyms are often used in naming, but it is
                                                         Naming Technology                                         butes and the functionality of the product.                   important to know when and how to do so. The in-
What’s in a Name?                                                                                                     Third, it is the relationship between the product          tended meaning should be something important, like
                                                         “If you make it impossible for people to talk about,      and the reseller that is highly important. While it may       the product’s shining attributes, for example.
                                                         you make it impossible for them to buy it.”               seem obvious, the reseller should be at the forefront of         It is also vital that the name is easy to read and say,
“Name”                                                   Is a significant point in our current endeavor.           the naming process because they are the ones interact-        especially within Epygi’s international and cross-cul-
(noun): a word used in logic                                 While many technological products use combi-          ing most with the product. ◆                                  tural market.❧
to designate an entity                                   nations of numbers, letters, and symbols within the
                                                         name to indicate characteristics and attributes of the    More on Naming Technology
                                                         product, if these combinations are too complex or
While this may be a definition of name, a name is                                                                     “The best-named tech products demonstrate that
                                                         meaningless, then our target audience, the reseller.
more than a label. A name is a personality. A name is                                                              customers don’t buy products because they’re “tech”-
                                                         is missed. This concept is critical in this industry. A
an experience. A name is unique. Names bring with                                                                  -they buy products that promise something of val-
                                                         name that expresses attributes while not being too
them their collected culture and emotional meaning.                                                                ue.” The name holds the bond between the reseller
                                                         confusing or too complex is key.
Connotation relates to the image and perception that                                                               and the product. The way people associate their needs
words and phrases gather. This can be translated into                                                              and experiences with a product is linked to the name
the use of brands and product names. It is important                                                               of the products as well as that of the company. When
to use words that fall in line with your ideal product                                                             discussing Epygi, this means that resellers have formed
or brand image or create new product names that can                                                                a bond with Epygi and your products. Naming tech-
then accumulate their own meaning. ◆                                                                               nology really isn’t that much different from “regular”
                                                                                                                   product naming. It is actually shown that overempha-
                                                                                                                   sizing the technological aspects can be harmful and
                                                                                                                   off-putting. This can be balanced by focusing more
                                                                                                                   on attributes and qualities rather than trying to sound
                                                                                                                   “high-tech.”

2 • Telephony Today                                                                                                                                                                                                            Spring 2013 • 3
Same Market - Different Strategies                                                                                                               Competition within Telecommunications

   Main players:
Allworx, 3xc, Fonality, Digium, Aastra, Cisco.             Marketing communications
   We are looking at how they name their products                  How the brand is conveyed by end users
and how these products are portrayed in the market-       Since marketing communications is how the brand
place. We found that within naming, people like All-     is conveyed to end users, big dogs like Cisco are able
worx and Fonality have a simple consistency that can     to form that relationship through a bigger marketing
resonate with the reseller and end user. Allworx brand   budget. But they may not necessarily be attracting
name is mentioned in every product, and Fonality         Cisco consumers. A lot of smaller businesses might
uses the word cloud repeatedly.                          recognize Cisco from this product placement but they
                                                         may be Epygi users.
   Next, it is important to look at how these brands                                                                   How Epygi fits into the marketplace is another        Software updates
utilize the marketplace. Our team broke it down into           Awards                                               important perspective. This is the Epygi experience in      Resellers liked how Epygi’s were integrated into the
five key points:                                             Allworx has their awards displayed on their web-       comparison to others. The following are three notable    product vs. as an add on.
                                                         site. Epygi does this as well, and it’s a nice way to      areas of market comparison.
                                                         reiterate to any resellers and end users that these are
                Marketing Communications                 products they can be trusted.                                                                                       More memory
                                                                                                                                                                               The focus group commented on how happy they
                Awards                                         Descriptions                                                                                                  were that the 2x2 had more memory
                                                            Allworx uses adjectives like “dedicated” to describe                   Software updates
                Descriptions                             their products. They also use words like “new” and
                                                         “announcing” to show that they are fresh and innova-                      More memory
                Duality                                                                                                                                                      Knowledge of the product
                                                         tive.                                                                     Knowledge of the product                     Reseller’s experience can be determined by the
                Social Media                                                                                                                                                 end users because of how they will be able to answer
                                                              Duality                                                                                                        questions and more. (One man even switched from
                                                            Fonality uses a simple approach for the end user as                                                              recommending Cisco products to Epygi because he
                                                         well as including a technical description for the re-                                                               understood their product better.) ❧
                                                         seller. Fonality is able to explain the product to some-
                                                         one who is not familiar with VoIP whatsoever. They
                                                         also offer a technical version for those who are.

                                                              Social Media
                                                            Utilized by almost every brand but varies in ap-
                                                         proach, Social media can serve as a platform to answer
                                                         resellers/end users questions. We see that you have
                                                         done so already with twitter. Here are some examples
                                                         of how the competition is taking advantage of that. ◆




4 • Telephony Today                                                                                                                                                                                                    Spring 2013 • 5
Effective Branding                                                                                                                                                                      Epygi & Epygi Products

                                                                                                                     Epygi & Quadro
                                                                                                                                                                                An added value of the brand Epygi is that the products
                                                                                                                         When we googled the name Quadro, Epygi ap-             are manufactured in the US. Although Epygi is a local
                                                                                                                     peared.                                                    company in which resellers in the DFW area can have
                                                                                                                     Epygi is Quadro and Quadro is Epygi                        direct access to, Epygi holds an international impor-
                                                                                                                     The use of the number 4 is very dominant in almost         tance with a tech support team tailored specifically for
                                                                                                                     all Epygi products and the different products allow        resellers. Even though they are located in Armenia,
                                                                                                                     global collaborations at minimal costs to small sized      they can speak English fluently. Epygi is seen posi-
                                                                                                                     businesses.                                                tively from a service perspective and the equipment is
                                                                                                                                                                                seen as reliable with great value.◆

                                                                                                                        Building the company as a brand:
                                                                                                                     In order to build the brand, we feel the need to con-      Epygi Focus Group
                                                             The expected level satisfies a specific target’s min-
                                                                                                                     vince resellers Epygi is what they want to sell. Epygi
Effective branding                                        imum purchase conditions such as the availability,
                                                                                                                     has done a tremendous job in marketing it’s products         In the reseller focus group, we asked what three
                                                          functioning capabilities and pricing. When a person is
                                                                                                                     worldwide already but we feel, because Epygi relies        words come to mind when hearing the name Epygi,
   To become a successful brand, there needs to be an     faced with competing brands in a new product field,
                                                                                                                     on resellers to communicate their products to the end      and these were some of our findings
identifiable product, service, person, or place, aug-     they feel risk and most likely will purchase a brand
                                                                                                                     users, Epygi should make the buying process a risk         .
mented in such a way that the buyer or user perceives     that is well known because they are unsure whether
                                                                                                                     reducer by understanding the reseller’s perception by       “Reliability,”
relevant, unique added values that match their needs      that particular brand will work or not. To make buying
                                                                                                                     presenting and developing the brand in a way that
most closely.                                             Epygi products a risk reducer, they need to understand                                                                “Local presence,”
                                                                                                                     reseller’s feel minimal risks when suggesting Epygi
                                                          the buyer’s perception by presenting and developing                                                                   “Service,”
                                                                                                                     to end users. Because Epygi offers product enhance-
   For a brand to be seen as something that has added     the brand in a way that buyers feel minimal risks.
value, it should consist of 4 levels: generic, expected
                                                                                                                     ments, it is a better company and the brand and prod-       “American made,”
                                                                                                                     uct rely on each other to become successful. The fact      “Foreign service,”
augmented and potential.
                                                                                                                     that resellers have a strong relationship with the brand
 	                                                        	                                                                                                                      “Small company” ❧
                                                                                                                     and can easily contact someone like Kelly, who will
   The generic level is the commodity form that meets        With increased experience, buyers and users may
                                                                                                                     go above and beyond simple transactions, sets Epygi
the basic needs of the buyer or user. In relations to     become more sophisticated in the product so the
                                                                                                                     apart from their competitors.
Epygi, because the products are less expensive com-       brand would need to be augmented by adding values
pared to larger brands such as Cisco, Epygi provides a    to satisfy functional and non-functional needs. In
product that is comparable to the bigger brand name       order to create awareness to the brand Epygi, a sugges-
competitors at a less expensive price.                    tion would be to offer incentives to resellers for pro-
                                                          moting and selling the product to end-users.
	
                                                             Potential is the last stage and with the brand evolv-
                                                          ing, by coming out with new possibilities such as
                                                          customizable portals to fit each users needs or perhaps
                                                          enhancing the product already established by adding
                                                          a memory card slot as mentioned by an interviewee
                                                          during the focus group. ◆


6 • Telephony Today                                                                                                                                                                                                       Spring 2013 • 7
Potential Brand Components                                                                                       Resources for Further Information




    Quadro4L+
    The name is established already, and the plus brings with it the updates
    and extensions.

    Quadro M 200
    Seeing as this product may be filling roles of the Quadro4L through the
    Quadro M32x, this name stems from these existing names combined with
    our previously stated insights. The number “200” is utilized in order to
    hone in on the additional attributes, specifically the increase number of
    phones and users.
                                                                                We would like to thank you for your time today and during this process. Also,
                                                                                thank you for this challenge. We would appreciate any questions or comments.
    QM 200
    Bridging the gap between the Quadro 2x2 and the QX1000 through using
    naming tactics. The “Q” continues to relate to the name Quadro as well as   Trevor Thompson: tathompson@smu.edu
    the “Q” within the QX1000. The “M” originates from the “M” in the cur-      Sophie Vongsombath: svongsombath@smu.edu
    rent mid-user range products and can symbolize the medium user market.      Adella Winder: awinder@smu.edu




8 • Telephony Today                                                                                                                                             Spring 2013 • 9

More Related Content

Recently uploaded

MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCRashishs7044
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyotictsugar
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCRashishs7044
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCRashishs7044
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCRashishs7044
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaoncallgirls2057
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607dollysharma2066
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 

Recently uploaded (20)

MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR8447779800, Low rate Call girls in Tughlakabad Delhi NCR
8447779800, Low rate Call girls in Tughlakabad Delhi NCR
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
 
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
8447779800, Low rate Call girls in Uttam Nagar Delhi NCR
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCREnjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
Enjoy ➥8448380779▻ Call Girls In Sector 18 Noida Escorts Delhi NCR
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
Call Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North GoaCall Us ➥9319373153▻Call Girls In North Goa
Call Us ➥9319373153▻Call Girls In North Goa
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 

Featured

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by HubspotMarius Sescu
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTExpeed Software
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 

Featured (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Telecommunications Presentation Mock Magazine

  • 1. Telephony Today Spring 2013 SPECIAL PRODUCT ISSUE What’s in a name: How products’ names come into being Same Market - New Products Different Strategies: Competition within of 2013 Telecommunications The Relationship between Companies & Products
  • 2. In This Issue What’s in a name? Naming Beyond the Physical Tips for Naming First, a name is the promise of an experience. It has What’s in a name? Competition Branding to help consumers simplify their choices. If a name → Avoid acronyms & overly complex jargon The Naming Process Competitor Products Levels of Branding cannot quickly relate the resellers to the key attributes Tips for Naming Technology Competitor Tactics Epygi & Their Product that the product has to offer, then they have little → Utilize names with symbolism and meaning incentive to promote that product. It comes down to simplicity, reliability, and accessibility. It is important → Easy to read, easy to say, and visually appealing to create names that transcend the physical benefits of the product to create an experience with which with exclusive Potential Brand Components! the reseller can identify. It may be as small as giving There are a few more tips when naming a products “Quadro” a clear meaning or by continuing to use the and or product line. Keep in mind, that there are no relatable digits within names. These triggers should set rules in naming because it is both a creative and relate back within their minds as to how the prod- personal expression for a company. uct will be used and the experiences it provides their Firstly, acronyms are not the best choice, un- customers. less they have very clear and understandable meaning. Second, a name is a fusion of the emotional attri- While acronyms are often used in naming, but it is Naming Technology butes and the functionality of the product. important to know when and how to do so. The in- What’s in a Name? Third, it is the relationship between the product tended meaning should be something important, like “If you make it impossible for people to talk about, and the reseller that is highly important. While it may the product’s shining attributes, for example. you make it impossible for them to buy it.” seem obvious, the reseller should be at the forefront of It is also vital that the name is easy to read and say, “Name” Is a significant point in our current endeavor. the naming process because they are the ones interact- especially within Epygi’s international and cross-cul- (noun): a word used in logic While many technological products use combi- ing most with the product. ◆ tural market.❧ to designate an entity nations of numbers, letters, and symbols within the name to indicate characteristics and attributes of the More on Naming Technology product, if these combinations are too complex or While this may be a definition of name, a name is “The best-named tech products demonstrate that meaningless, then our target audience, the reseller. more than a label. A name is a personality. A name is customers don’t buy products because they’re “tech”- is missed. This concept is critical in this industry. A an experience. A name is unique. Names bring with -they buy products that promise something of val- name that expresses attributes while not being too them their collected culture and emotional meaning. ue.” The name holds the bond between the reseller confusing or too complex is key. Connotation relates to the image and perception that and the product. The way people associate their needs words and phrases gather. This can be translated into and experiences with a product is linked to the name the use of brands and product names. It is important of the products as well as that of the company. When to use words that fall in line with your ideal product discussing Epygi, this means that resellers have formed or brand image or create new product names that can a bond with Epygi and your products. Naming tech- then accumulate their own meaning. ◆ nology really isn’t that much different from “regular” product naming. It is actually shown that overempha- sizing the technological aspects can be harmful and off-putting. This can be balanced by focusing more on attributes and qualities rather than trying to sound “high-tech.” 2 • Telephony Today Spring 2013 • 3
  • 3. Same Market - Different Strategies Competition within Telecommunications Main players: Allworx, 3xc, Fonality, Digium, Aastra, Cisco. Marketing communications We are looking at how they name their products How the brand is conveyed by end users and how these products are portrayed in the market- Since marketing communications is how the brand place. We found that within naming, people like All- is conveyed to end users, big dogs like Cisco are able worx and Fonality have a simple consistency that can to form that relationship through a bigger marketing resonate with the reseller and end user. Allworx brand budget. But they may not necessarily be attracting name is mentioned in every product, and Fonality Cisco consumers. A lot of smaller businesses might uses the word cloud repeatedly. recognize Cisco from this product placement but they may be Epygi users. Next, it is important to look at how these brands How Epygi fits into the marketplace is another Software updates utilize the marketplace. Our team broke it down into Awards important perspective. This is the Epygi experience in Resellers liked how Epygi’s were integrated into the five key points: Allworx has their awards displayed on their web- comparison to others. The following are three notable product vs. as an add on. site. Epygi does this as well, and it’s a nice way to areas of market comparison. reiterate to any resellers and end users that these are Marketing Communications products they can be trusted. More memory The focus group commented on how happy they Awards Descriptions were that the 2x2 had more memory Allworx uses adjectives like “dedicated” to describe Software updates Descriptions their products. They also use words like “new” and “announcing” to show that they are fresh and innova- More memory Duality Knowledge of the product tive. Knowledge of the product Reseller’s experience can be determined by the Social Media end users because of how they will be able to answer Duality questions and more. (One man even switched from Fonality uses a simple approach for the end user as recommending Cisco products to Epygi because he well as including a technical description for the re- understood their product better.) ❧ seller. Fonality is able to explain the product to some- one who is not familiar with VoIP whatsoever. They also offer a technical version for those who are. Social Media Utilized by almost every brand but varies in ap- proach, Social media can serve as a platform to answer resellers/end users questions. We see that you have done so already with twitter. Here are some examples of how the competition is taking advantage of that. ◆ 4 • Telephony Today Spring 2013 • 5
  • 4. Effective Branding Epygi & Epygi Products Epygi & Quadro An added value of the brand Epygi is that the products When we googled the name Quadro, Epygi ap- are manufactured in the US. Although Epygi is a local peared. company in which resellers in the DFW area can have Epygi is Quadro and Quadro is Epygi direct access to, Epygi holds an international impor- The use of the number 4 is very dominant in almost tance with a tech support team tailored specifically for all Epygi products and the different products allow resellers. Even though they are located in Armenia, global collaborations at minimal costs to small sized they can speak English fluently. Epygi is seen posi- businesses. tively from a service perspective and the equipment is seen as reliable with great value.◆ Building the company as a brand: In order to build the brand, we feel the need to con- Epygi Focus Group The expected level satisfies a specific target’s min- vince resellers Epygi is what they want to sell. Epygi Effective branding imum purchase conditions such as the availability, has done a tremendous job in marketing it’s products In the reseller focus group, we asked what three functioning capabilities and pricing. When a person is worldwide already but we feel, because Epygi relies words come to mind when hearing the name Epygi, To become a successful brand, there needs to be an faced with competing brands in a new product field, on resellers to communicate their products to the end and these were some of our findings identifiable product, service, person, or place, aug- they feel risk and most likely will purchase a brand users, Epygi should make the buying process a risk . mented in such a way that the buyer or user perceives that is well known because they are unsure whether reducer by understanding the reseller’s perception by “Reliability,” relevant, unique added values that match their needs that particular brand will work or not. To make buying presenting and developing the brand in a way that most closely. Epygi products a risk reducer, they need to understand “Local presence,” reseller’s feel minimal risks when suggesting Epygi the buyer’s perception by presenting and developing “Service,” to end users. Because Epygi offers product enhance- For a brand to be seen as something that has added the brand in a way that buyers feel minimal risks. value, it should consist of 4 levels: generic, expected ments, it is a better company and the brand and prod- “American made,” uct rely on each other to become successful. The fact “Foreign service,” augmented and potential. that resellers have a strong relationship with the brand “Small company” ❧ and can easily contact someone like Kelly, who will The generic level is the commodity form that meets With increased experience, buyers and users may go above and beyond simple transactions, sets Epygi the basic needs of the buyer or user. In relations to become more sophisticated in the product so the apart from their competitors. Epygi, because the products are less expensive com- brand would need to be augmented by adding values pared to larger brands such as Cisco, Epygi provides a to satisfy functional and non-functional needs. In product that is comparable to the bigger brand name order to create awareness to the brand Epygi, a sugges- competitors at a less expensive price. tion would be to offer incentives to resellers for pro- moting and selling the product to end-users. Potential is the last stage and with the brand evolv- ing, by coming out with new possibilities such as customizable portals to fit each users needs or perhaps enhancing the product already established by adding a memory card slot as mentioned by an interviewee during the focus group. ◆ 6 • Telephony Today Spring 2013 • 7
  • 5. Potential Brand Components Resources for Further Information Quadro4L+ The name is established already, and the plus brings with it the updates and extensions. Quadro M 200 Seeing as this product may be filling roles of the Quadro4L through the Quadro M32x, this name stems from these existing names combined with our previously stated insights. The number “200” is utilized in order to hone in on the additional attributes, specifically the increase number of phones and users. We would like to thank you for your time today and during this process. Also, thank you for this challenge. We would appreciate any questions or comments. QM 200 Bridging the gap between the Quadro 2x2 and the QX1000 through using naming tactics. The “Q” continues to relate to the name Quadro as well as Trevor Thompson: tathompson@smu.edu the “Q” within the QX1000. The “M” originates from the “M” in the cur- Sophie Vongsombath: svongsombath@smu.edu rent mid-user range products and can symbolize the medium user market. Adella Winder: awinder@smu.edu 8 • Telephony Today Spring 2013 • 9