Uploaded on Feb 25, 2021
PPT on What is Trademark and its importance.
What is Trademark and its importance.
WHAT IS TRADEMARK AND ITS IMPORTANCE? What is Trademark? • A trademark is a unique symbol or word(s) used to represent a business or its products. • Once registered, that same symbol or series of words cannot be used by any other organization, forever, as long as it remains in use and proper paperwork and fees are paid. Source: www.marcaria.com Why You Should Trademark a Business? • While it is not required by law, it is a good idea to register the name of your business as a trademark. • In the event that another business tries to use the same or similar name, you will have legal recourse to stop it. Source: www.marcaria.com IMPORTANCE OF TRADEMEARK Effective communication tool • In a single brand or logo, trademarks can convey intellectual and emotional attributes and messages about you, your company, and your company’s reputation, products and services. Source: www. entrepreneur.com Trademarks make it easy for customers to find you • Trademarks/brands are an efficient commercial communication tool to capture customer attention and make your business, products and services stand out. Source: www.marcaria.com Allow businesses to effectively utilize the Internet and social media • Your brand is the first thing customers enter into a search engine or social media platform (Facebook, Twitter, Pinterest) when looking for your products and services. • Higher traffic on a website or social media platform translates into higher rankings, bringing even more traffic, more customers and more brand recognition. Source: www.marcaria.com Trademarks are a valuable asset • Trademarks can appreciate in value over time. The more your business reputation grows, the more valuable your brand will be. Source: www.marcaria.com Trademarks can make hiring easier • Brands can inspire positive feelings in people’s minds. As a result, employment opportunities are more attractive to candidates. Source: www.marcaria.com Mark of standard and quality • The trademark can convey a certain standard and quality of the product that consumers can easily identify. • For example, one look at the Rolex logo indicates that it’s a high-end luxury product with exacting quality specifications. Source: www. iptse.com Financial benefits • Trademarks add value and recognition to a company. Therefore, a company with well- established trademarks and brands in its portfolio enjoy a good reputation in the market. • It also makes it easy to raise money from the stock market, or borrow from lenders to expand into markets in other countries. Source: www. iptse.com
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