Name consultants are paid millions each year to help decide what to call a company.
To test out a company’s name, first ask if it possesses these qualities:
Simple –- one easy-to-understand concept
Meaningful –- customer instantly “get it"
Imagery –- visually evocative, creates a mental picture
Legs –- carries the brand, lends itself to wordplay
Emotional –- empowers, entertains, engages, enlightens
Then scratch the name if it’s got these deal-breakers:
Spelling-challenged — you have to tell people how to spell it
Copycat – similar to competitor’s names
Random – disconnected from the brand
Annoying – hidden meaning, forced
Tame – flat, uninspired, boring, nonemotional
Curse of knowledge – only insiders get it
Hard-to-pronounce – not obvious, relies on punctuation
Choosing a domain name can be even harder. Most-short and-sweet addresses are long gone. Here are a few tips for finding a great Web-site address.
What’s your favorite company name? What names strike you as ill-fitting?
Some tips, tools, and rules of thumb for innovation commercialization! You can send Jim Jindrick a message here: TextJim.VentureNotebook.com Jim's books are available here: Amazon.com/author/JimJindrick