Finding the right brand protection solution or brand protection service to protect your online marketplace and supply chain begins with setting your brand strategy.
What is brand protection? Brand protection is the process of protecting the intellectual property (IP) of companies and their associated brands against counterfeiters, design infringements, copyright infringement, copyright pirates, and infringers of other types of IP. This is done not only to protect the loss of revenue from a company but also to protect a company’s image, reputation and overall value. Rogue websites selling counterfeit goods and counterfeit products impact brand owners of all sizes. Fundamentally, brand protection prevents brand abuse creating the foundation for an authentic brand and reliable consumer products for the market.
Brands are all about reputation. People buy into brands and brands can prevent the loss of brand equity for a company by taking swift and effective measures. At the forefront of brand protection is the concept of trademark registration. Trademark registration acts as a primary defense against online infringement, theft and counterfeiting. If you’re thinking about registering your brand name, there are certain steps you need to take. Having a trademark registration document — called the Uniform Domain Name System Trademark Record — will put your business in a better position to protect itself.
Why companies need to protect their brands
First, brand abuse means that you take the IP of someone else and put it onto your company’s products. You license your design to another company, for example. This is often done to create a limited number of versions of a particular product and then sell them at a higher price. Second, brand abuse is also about counterfeiting and infringement of trademark, copyright and design rights. Without a brand protection strategy, your company’s brand may get tarnished by a competing company or by a third-party who takes your IP and creates a counterfeit or infringing product. Third, brand abuse is also an example of commercial trolling, which is the most obvious example of brand abuse.
The importance of brand protection
No company would attempt to harm its image, therefore every company should take measures to protect their brand. The success of a brand is inextricably linked to its integrity, reputation and commitment to product quality and service. According to the AIGC, although most SMEs prefer not to spend the money on brand protection, they have no option but to do so as brand abuse results in loss of trust, causes losses to reputation and can also lead to lost customers and income. Protecting a company’s brand is necessary as it is a form of fraud protection that provides recourse in case of misuse of an established brand and results in significant cost savings.
How to protect your brand online
For the long term, brands can protect their brand by not promoting a trademarked trademark via a commercial communication if the trademark is identical or significantly similar to the brand in question. While it may sound confusing, it’s worth noting that this will not prevent your company from selling products or services to a consumer. Only a direct sale will not generate a challenge from another party. Because of this, brands can protect their brand against individuals and entities without using the trademarked mark.
The technological landscape is evolving rapidly, and it is unlikely to slow down in the near future. The speed at which it is transforming is making business owners worried about the preservation of their brand name in the digital age. The security of a brand name against theft, counterfeiting, and other forms of intellectual property crimes has become the biggest concern among digital-savvy businesses, regardless of the industry they work in.