As confirmed chocoholics, we noticed this chocolate selection in the chocolate aisle of our market. And because we love the branding process, the brand name also caught our attention. Here are some basic ways we analyze a brand:
1. The name is a play on the phrase "alter ego" defined as a person's secondary or alternative personality. Is it distinctive enough or memorable?
2. Does the name address the market it intends to reach? It does focus on attracting thosewho are ecologically minded and prefer organic products, and they are proud of it. The slogan under the name, "enlightened indulgence" is intended to have the buyer feel good for buying it..
3. Can the name be used on other products if the company were to start another related business? In designing real estate brands we often think in terms of "exit strategy", when the company or agent decides to sell the business or start another business.
4. Does the brand name have any negative connotations? Based on the definition of alter ego: (the bad side of a person that may come to life at anytime, switching your personality—this is fantasy, though some people may believe they have an alter-ego), it may be construed as such.
5. Is the name original? It is important to do a trademark search.
6. Is it a name the marketplace will remember?
7. Will it have word of mouth power, or social media power that will last?
8. And most important is the product delicious to those who are tempted to buy it?
When I (A) pointed it out the brand to Ron, he reminded me that dear friends who are also chocoholics had sent us a bar to try. I had forgotten, the name and the experience. Ron remembered the name. Neither one of us thought that the taste was memorable enough for us to buy again.
Keep in mind that tastes differ. Perhaps some of you who may have tried this brand will disagree with us. Again, this a basic guideline to analyze a brand name!