The trend of naming new real estate projects throws up some examples of avoidable brand extension mistakes. We can find numerous instances of many smaller towns naming their residential and commercial complexes, streets, roads and areas by copying the names of famous names and localities of bigger cities.
In such an example of piggybacking on the image of some upmarket location, a prominent developer has named its upcoming project in a Mumbai suburb as “New Cuffe Parade”, drawing its name from down town Mumbai’s premium locality Cuffe Parade. The developer may have targeted the aspiring neo-rich who may wish to believe that they are getting a chance to be a part of a new posh locality of the future.
Such mindless brand extensions can be aimed at exploiting an existing, old locality’s posh brand image and recall. But, in my opinion, this exercise is wasteful and nothing less than “wannabe” naming. If at all, it only results into an added confusion for everybody.
For example, in a town, there is a very famous sweet shop called Khavda Sweets. After some years, inspired by the huge popularity of the original shop, an ex-employee or a separated partner or some unrelated stranger starts another similar type of sweet shop called “New Khavda Sweets”, with the word “New” written in very small letters in all signages and brand visuals. It tries to copy everything from the original shop – the products, packaging, pricing etc. But, in spite of all its efforts to be better or at least at par with the original, it never reaches the same level as the original, because it fails to copy the main USP of the original like quality, service, customer experience, employees etc.
At the best. it confuses people and in most cases, fails to get more than some limited, marginal success by luring some uninformed, gullible new customers who don’t know about the existence of the original shop. It only proves the New shop owner’s desire to be just like the original. In other words, he proves to be a “wannabe”.
Another such futile brand extension example is the Bollywood film Ramgarh Ke Sholay which imitated an iconically successful Bollywood blockbuster Sholay. The new film flopped miserably. All its producers’ assumptions fell flat, failing to create even a whimper.
We can find thousands of examples of such “wannabe” naming all across the country. Parents naming their children after famous celebrities is another common example of such “wannabe” naming.
Naming of a real estate locality should be done with a lot of practical considerations, because in future, that name becomes part of a large population’s daily lives. Avoiding confusion in people’s minds is one such consideration.
Branding requires very careful thinking and detailed planning. Mindless copying generally backfires. Only by declaring, NEW Cuffe Parade does not make that project a reincarnation of old Cuffe Parade. In fact, the contrasting reality of slum pockets amidst the upmarket highrisers of old Cuffe Parade, which make it unique can never be recreated by the manicured and professionally designed New Cuffe Parade. New Khavda Sweets can perhaps never be Khavda Sweets. It may perennially remain a wannabe.
And to be perceived as being a wannabe can be fatal for a premium brand. Originality is crucial to being premium.