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10 Ideas for Startups and Small Businesses on Naming Your Company

Naming your organization will be challenging and time consuming

. For those who need help or just don't have the time (it took us almost 50 hours to call "crowdSPRING"), you'll be able to leverage crowdSPRING's group of more than sixty four,000 designers and writers to provide you with your organization identify or a product name.

Whether or not you leverage crowdSPRING's neighborhood to assist title your startup or small business or discover a title by yourself, you would possibly find the following 10 suggestions helpful:

1. Take into consideration what you need your company name to convey.

Your organization identify is a vital a part of your company's identity. The identify will appear on your corporation playing cards, letterhead, web site, promotional materials, products, and just about all over the place in print to determine your company or your organization's products and/or services.

Service oriented businesses ought to contemplate whether will probably be straightforward for their potential prospects to acknowledge what providers the business offers, primarily based on the name of the company (instance: Friendly Canine Walkers or Shiny Accounting).

Companies positioned in rural areas and serving rural communities might need to challenge a smaller, hometown really feel with their name. Nevertheless, businesses planning to deal with bigger markets or bigger customers may need to undertaking a larger, more corporate image with their name.

2. Brainstorm to determine identify possibilities.

When you understand what you want your organization title to convey, it is best to set aside some time to brainstorm. Think about words that describe your business or the merchandise/companies you offer. Take into consideration phrases that describe your competitors and phrases that describe the differences between your products and services and those of your competitors. Consider too phrases that describe the benefits of utilizing your products or services. Finally, think about phrases (and phrases) that evoke the emotions you want your clients to really feel once they see your company name.

While brainstorming, search for Greek and Latin translations of your words - you may discover new ideas from doing that exercise. Have a look at foreign phrases too (we spent some time with a Swahili dictionary on the lookout for robust names).

Expect this process to take some time (it took us about 40+ hours to brainstorm after which another 10 to finalize names - we went by means of MANY doable names). Don't neglect to leverage resources, including a dictionary, thesaurus, and another sources that you just suppose may help.

3. Keep the identify quick, simple, and straightforward to write and remember. Additionally - contemplate acronyms of the name.

Think about the names of corporations you admire. They sometimes have a couple of issues in widespread: their names are short, simple, simple to write and easy to remember. (Examples: Apple, Google, Virgin, Southwest).

Obscure business names are sometimes troublesome to write down and much more difficult to remember. This is a drawback as a result of for most startups and small companies, word-of-mouth advertising is probably the most profitable form of marketing. In case your clients can't remember your identify or can't spell it for others, it will make it difficult for them to assist promote your business.

While it may be tempting, avoid using a "Ok" instead of a "Q" or a "Ph" instead of an "F" when arising along with your firm name. Such letter substitutions makes spelling the name very difficult.

Additionally, don't forget to contemplate the acronym of your organization name (an acronym is composed of the primary letter of each phrase in a phrase). You might not use an acronym, but your clients would possibly consult with your enterprise by an acronym. A reputation similar to Apple Help Services may end up in an unfavorable acronym - ASS.

4. Keep away from names which can be too slim or too literal.

Take into consideration how your company might evolve over time and ensure that the company identify can evolve with the business. For example, for those who title your organization iPod Equipment and later increase to sell accessories for other merchandise, your unique name will probably be too slim and restrictive.

The same recommendation applies even when your organization sells a niche product. For example, for those who sell antique lamps, it is best to think about whether or not you may promote more than lamps within the future. Naming what you are promoting Joan's Vintage Lamps may be too limiting once you later start promoting antique clocks and furniture.

5. Avoid decisions by committee but do "check" your organization name with others.

It's tempting to involve our pals, household, staff and clients find a reputation for our company. Sometimes, this will work out actually well. But there are risks. Folks is likely to be upset for those who don't choose a reputation they assume is great. You'll additionally end up trying to find consensus - which might result in a very plain name. For those who should contain others, pick a small group of people that understand you and your corporation (and pick a mixture of right-mind sorts and left-brain varieties so that you could have some variety.

When you've chosen a number of possible choices, you need to share them with a number of trusted pals, household and customers to get some suggestions in regards to the name.

6. Avoid plain words.

Plain phrases make it very tough to distinguish your company from your competitors. For instance, there were tons of of hundreds of emblem design companies around the world when we started fascinated with "crowdSPRING". We knew that we might be expanding to many various industries (graphic design, net design, industrial design, writing, and lots of more) and so we didn't need to identify our enterprise Nice Emblem Design or manyDesigners - it might have been descriptive, but not memorable and certainly not sufficiently unique.

There are exceptions. Common Electrical is without doubt one of the most profitable corporations in the world and its title is composed of plain words. But, General Electrical was one of the first corporations in it's product/service category and was capable of get away with a plain name.

7. Be careful with geographic names.

Some individuals use their city, state or region as part of their firm name. When you plan only to work in your city, then this would possibly serve you well. But a geographic identify may hinder you later. One great instance is Minnesota Manufacturing and Mining. Initially, the name labored because the enterprise was targeted on Minnesota. But once the company grew beyond their trade and the state of Minnesota, they needed to discover a new title - 3M.

8. Keep away from obscure words.

Company names that help tell tales might be highly effective and memorable (think about Google, for example). However obscure phrases or references could be troublesome to spell or pronounce. Be especially delicate in case you're making an attempt to succeed in a mass viewers (comparable to on the Web). Obscure or invented names can work - Xerox is a superb example - but this usually requires a huge marketing price range and large effort.

9. Keep away from trends.

You'll want your organization's name to evolve as trends evolve, so watch out to determine the tendencies and to keep away from following them. For example, in the late 1990's, it was fashionable to make use of a .com after your company identify if your company was an Internet business. After the Web "bubble" burst, the ".com" became synonymous with having no business mannequin and those corporations who survived very quickly dropped ".com" from their names.

10. Think about whether or not you'll be able to register a website and acquire a trademark.

It's necessary to make it possible for your competitors aren't using the identical title in your industry. It's not uncommon to seek out comparable (or even an identical names) in different industries, but this may end up in confusion to your prospects and vendors. In case your opponents are using the same name - you'll expose your self to doable litigation and also you'll possible be unable to acquire trademark protection on your firm name.

So, look for a company identify that can also be obtainable for registration as a site (ideally, as a .com area). It is best to understand that .com domains are extremely popular and you'll struggle to seek out obtainable domains that match your company name. Many individuals obsess throughout this process.

While it's not an unimportant course of, Tate Linden, CEO of Stokefire (a agency that focuses on branding), says that folks typically place an excessive amount of value on the domain:

The quantity of people who kind in URLs is shrinking every day. Small enterprise owners nonetheless appear to be obsessing over getting the pure URL as MyCompanyName.com, however the larger organizations have adapted. We've finished quite a little bit of research that indicates the URL is becoming much much less important. These days people are putting the identify into Google to search out sites. We see this as an ideal thing. The sad reality is that the overwhelming majority of names we consider are 'camped' by squatters hoping to make a quick buck. In the event you don't have deep pockets or a convincing story to share you're going to get taken to the cleaners.

Google is a superb instrument for getting round this difficulty-for those who've bought a robust model and also you're getting links from folks you'll find yourself as the primary response to your title even if it isn't the pure dotcom domain.

Final, there are some promising developments on the horizon. There's speak of opening up the world to the right of the 'dot' that may a minimum of quickly assist businesses get their own domains. There are additionally some processes in place the place enterprise house owners can go to ICANN and file a complaint based mostly on the truth that their trademarked domain identify is being held for ransom. I've heard some success stories of companies going by the process and successful the area rights from folks whose sole intent in owning the sites is to promote them.

You'll also need to just remember to select an organization name that you'll be capable of register for trademark/servicemark protection. Trademark rights arise solely through commerce (reminiscent of whenever you supply items for sale and use the commerce title or emblem in your advertising materials or on the products). You are not required to register a company title - you may purchase widespread law rights just by using the name in commerce.

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10 Ideas for Startups and Small Businesses on Naming Your Company

By: Lawrence Merrillast
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10 Ideas for Startups and Small Businesses on Naming Your Company