How to Name Your Business

I am often asked as a marketing and public relationsthings so beware.
expert to help new companies name their business.You might think it's a good idea to include the city or
Some marketing firms charge tens of thousands ofstate where you do business in your name. Think
dollars for the privilege. In the real world of smallagain. This strategy makes sense only for businesses
business it's really not that difficult or costly if you justthat don't plan to grow outside their geographic area or
follow some easy to understand concepts.the city or state name lends cache like New York
A business name will effect consumer decisions aboutCarpet World or California Pizza. In today's world you
doing business with your company, so invest time andmust understand that your business will have a
effort in the decision. A good name requires more thanphysical location in a geographic community identified
a trendy label that sounds cute on a business card.and located by an address, i.e. 345 S. Main Street. And
There are laws, marketing principles, public relationsyour business also will have a virtual location on the
guidelines, and social psychology that come into playInternet identified and located by a domain name, i.e.
when selecting your business name. For specific steps"your name.com" So when you think of what makes a
to take in making your name legal check out the webgood business name think also of what makes a good
site of the Small Business Administration (SBA).domain name. They go hand in hand.
For success in naming your business pay closeFor businesses that operate on the Internet, business
attention to these ideas based on marketing and publicnames are synonymous with domain names. A key
relations:o Name the business after what you do.ostrategy here is to remember that a strong domain
Start with letters high in the alphabet - A, B, or C.oname and business name is one that will pop up when
Check to see if the domain of the name is available tosearches are conducted on Google and Yahoo! when
register.o What do your potential customers say aboutkeywords are actually in the domain name.
the name?Check out domain names and random names at: This
If busy executives are your customers make sureis an indispensable way to get 50 to 500 URLs using
they understand the name. If you have to explain thenkey words. For example, do you want a domain name
you've lost the point.that includes the word "iPod?" Type it in and it'll
Marketers know what makes people tick and whygenerate dozens of suggestions with themes from
people engage in certain behavior. If you can predictMusic to Medicine and tell you if the domain is available.
how the average person will perceive a name, you willIf you are still scratching your head over the best
know if that name will generate interest. Marketingname for your business, consult a marketing expert
insight is crucial to understanding why consumersand consider these helpful tips. Make sure your
respond to your business name the way they do.business name is:o Uniqueo Logo-friendlyo
Your business name will grab the attention of yourPrint-friendlyo Easy to pronounceo Easy to
customers if it:o Is short, concise and easy to spellounderstando Meaningfulo Expands as you expand
Can easily be remembered if heard on the radio whileAsk yourself these questions: How will it look on
drivingo Can easily be abbreviatedo Identifies only youstationery, business cards, signs? Does it require
and not your competitorso Is relevant to yoursomeone spell it out B- Bravo, C- Charlie, R- Romeo or
communityo Meets legal requirements of your stateocan it be easily understood? Having a good name is a
Has the potential to be a trademarko Is catchy andpowerful marketing force. Your business name makes
trendy but not so trendy that it will sound old in a fewan emotional connection with your customers,
yearsdifferentiates you from your competitors, and helps
Don't overlook my tip above to select a name that canbuild a strong brand name that is easily recognized and
easily be abbreviated. What do you identify with mostcan be trusted. So don't rush through this step. Having
- IBM or International Business Machines? ABC-TV ora good name is as important as seed money and
American Broadcasting Corporation? PBS or Publiccapital funding.
Broadcasting System? You get the idea. Other initialedThe important thing is to be as thorough as possible
businesses with strong branding are AOL, KFC, CNN,when selecting a name so you never have to rename
3M and NRA. Initials work because they are simple,your business because someone else has a
easy to remember, and loved by graphic artists.trademark on it. Make sure the person you're talking to
Remember all of these names have had millions ofis who your customer really is, not who you wish it
dollars of advertising driving it into our heads so that'swas. And know what language they speak. And, finally,
the reason we know what they mean, not becausedon't be afraid to seek the help of an marketing expert
some genius figured out three particular lettersor publicist. The process and final decision is too
together make a great name.important to do it alone. Expert help produces
The advantage, of course, of starting your businessprofessional and lasting results.
name with an A, B or C is that you will appear nearIn light of everything I've said here, you might well ask
the top in online listings, the Yellow Pages or in otherme why my marketing firm is named Westwind
alphabetical listings such as the Chamber ofCommunications. Unfortunately when I began this
Commerce Directory. If you want to get to the verycompany in 1981 I was not thinking about these things. If
top then numbers or symbols will do the same; forI could do it again, I would definitely come up with
example, 3com and 3M. But symbols such as the @another name. The biggest reason is the letter "W" is
sign could cause difficulties and actually complicateusually at the bottom of all lists...