Ever wondered what a Trademark Portfolio is and why your business needs one?
We’ve been talking about the importance of getting a trademark for your business, but as mentioned in our previous email, trademarking isn’t a one-time thing.
If you’ve been following us, you’ve seen how we emphasize how big business moguls like Beyoncé, LeBron James, Shaq O’Neal, and Taylor Swift continually grow their Trademark Portfolios and secure all their brands as their businesses grow.
“But Atty. Rosezena, I’m not as big yet as those business moguls. Why do I need a strong trademark portfolio?”
Great question! Here’s why: Aside from securing your brand as you grow, your Trademark Portfolio is also strong proof of your business’s value.
Who knows? Your business might explode in popularity just like theirs! Now is the perfect time to make your foundation strong by expanding your Trademark Portfolio and ensuring all your company’s affiliated brands are secured.
Today we will highlight a few steps to Grow Your Trademark Portfolio
1. Conduct a Trademark Audit
Start by conducting a thorough audit of your existing trademarks. Assess the strengths and weaknesses of your current portfolio, identifying any gaps in protection. This audit will serve as the foundation for your expansion strategy.
2. Identify Key Assets and Opportunities
Evaluate your business and marketing strategies to identify key assets and opportunities for new trademarks. Consider the following:
- New Products and Services: Register trademarks for new product lines, services, or any upcoming launches.
- Slogans and Taglines: Protect catchy slogans and taglines that are integral to your brand’s identity.
- Logos and Designs: Ensure all variations of your logos and design elements are trademarked.
- Sub-brands: If you operate multiple brands or sub-brands, secure trademarks for each to ensure comprehensive protection.
3. Monitor and Enforce Your Trademarks
Growing your portfolio also involves active monitoring and enforcement:
- Trademark Watch Services: Engage watch services to monitor new filings and market activities that may infringe on your trademarks.
- Cease and Desist: Promptly address any infringements with cease and desist letters and take legal action if necessary.
- Renewals and Maintenance: Keep track of renewal dates and maintenance filings to ensure your trademarks remain in force.
These are just some of the ways to grow your Trademark Portfolio! Today, we encourage you to keep on growing your Trademark Portfolio for your brand’s SECURITY and VALUE.
