Wednesday, April 30, 2008
Seven Business Names: Ideas That Get It Right The First Time
Good business name ideas help you to create names that will serve your business well for a lifetime.
The following seven business names ideas will create a name that you'll never have to replace:
Business Names: Idea 1 - Create numerous name options.
Business Names: Idea 2 - Choose a name that reflects your business.
Business Names: Idea 3 - Choose a name that enables your business to grow in different directions.
Business Names: Idea 4 - Be certain that the name relates positively to your target market.
Business Names: Idea 5 - Determine if any name options are taken.
Business Names: Idea 6 - Query your target market.
Business Names: Idea 7 - Consider the connotations and sound of the words for each option.
Business Names: Idea 1 - Create Numerous Name Options
You need to start with many business names. Ideas will be eliminated through the process of selecting a final name. So brainstorm and put your subconscious to work. Use a thesaurus and get a list of as many business name ideas as you can. I suggest at least ten.
Business Names: Idea 2 - Choose A Name That Expresses What Your Business Does
If you are fortunate enough that your name reflects your business well, or if you have name recognition, you can label your business with your name. Otherwise don't do it.
I know an attorney whose last name is Court. "Court" works for a legal office especially since law firms are notorious about naming the firm after the senior partners. However, if he were an accountant, his last name could be a detriment.
Business Names: Idea 3 - Choose A Name That Leaves Room For Expanding Into New Products And Services
Consider possible ways that you may want to grow your business as you select a name. Then select one that will cover you if you grow your business in new directions.
To exemplify business name ideas two and three, let me tell you what I did. When I started my business in 2000, I named it Sulton Books. Sulton is a blend of my and my husband's last names. "Sulton" portrayed no message to add to the business name and "Books" limited my business to books.
I ended up having to rename my business, partially because of the terrorist attacks in Sept. 2001. I needed to rid my business of the negative connotation of "Sulton." I took that opportunity to select a name, "Best Books Plus" that enhanced the business with a more positive connotation and a greater ability for expansion.
Business Names: Idea 4 - Select A Name That Leaves A Positive Image With Your Target Market
Consider how each business name idea will impress target market members. This requires knowing as much as possible about your target market members so you can select a final name that they will like.
Still don't select a name that is so specific to your target market that you can't expand into new markets later. You don't want to have to rename your business in order to expand it in anyway.
Business Names: Idea 5 - Conduct Trademark Research
You need research to assure that none of your business name ideas are already taken.
You can search for trademarks that use any of you name options at the United States Patent and Trademark Office site. Eliminate all options that are a part of a trademark name to assure that you don't get sued and have to change your name later.
Business Names: Idea 6 - Query Your Target Market
Next detrmine which ideas that your target market members like best. Ask them what first comes to mind when you mention each business name.
And don't forget to get their reactions to your product. You can get additional business name ideas from their reactions.
Business Names: Idea 7 - Know The Sounds And Meanings For Each Name Option
You should consider the connotations and sound of the words in each because a name that sounds pleasant and flows well will generally work best.
You also need to know the connotation of each word for the culture of your target market. A positive name in one culture can be negative in another.
You don't want to make the mistake of a major American car company who named a model "Nova". When they attempted to sell it overseas, they learned that the name there meant "No Go". Obviously they didn't sell many there.
In Conclusion
By considering each of these seven business name ideas, you can pick a business name that will serve your business well throughout its life.
Filed under Marketing by Linda P. Morton
