A thorough approach to brand valuation techniques implies widely accepted financial techniques as well as future discounted cash flows (Discounted Cash Flow). To reach these cash flows related to the brand there are used two main approaches. One of them is apparently simple: it applies a royalty rate on total sales forecast upon the theory that if you did not have your own brand, you should have a license for the brand from a third party and pay a fee. In other words, by having your own brand, you "save" the fee for each product sold. The difficulty is to find relevant rates, especially where there is a no history and a critical amount of transactions (for example the case of the Romanian market).