There are a few different reasons a business would be considering a name. The most obvious is that they are starting a business. Another could be that the industry the company is in has changed and the name no longer represents what they do. For example, one of our clients, Laser Plus, changed their name recently to Brooks Technology Management. The company at one time focused on laser printer sales and repair, but with a change in industry they now sell a wide variety of technology based products as welll as offer IT and print management. One other reason could be a partnership or the combination of two companies. Whatever the reason, here are a few things to consider when naming a business.
Can I get a domain?
Your website is a valuable tool and if your clients can’t find it, your website will not be as effective. If I am considering naming my company Little Man Widgets, the first thing I would want to do is see if either www.littlemanwidgets.com or www.littlemanwidgets.net is available. I like to look on www.register.com. I do not register my domian names here, but I think they provide a good search tool. The goal should be to get a .com or .net. If one of those is not available, I would consider changing the name. Once I know I can get the domain name, I would check my state records for that name also. You can search the state records at The Tennessee Department of State .
Before you register the name it should meet a few criteria.
1. The name should be easy to spell. If one can’t spell the name, you probably won’t have many visiting your website.
2. The name should be unique. It should be unique for obvious reasons if someone has a name that is similar your business could become confused with theirs or you may not be able to find a domain name if the name is not unique.
3. Try to keep the name short. Some businesses just can’t help it, but if you can keep the name as short as possible.
4. Avoid initials. For example Little Man Widgets. Don’t name the business LMW. If a potential client sees LMW it means nothing to them. If they are looking for a quality widget they would drive past a LMW sign because is says nothing about the business. This is not to say that GE, IBM, and AT&T are failures but if you are trying to get notice every little bit helps.
5. Your legal name is not the name that you answer the phone with so don’t put it on everything. Your lawyer will probably want you to and we are not a law firm so do whatever you are comfortable with. I would encourage you to look at global brands and see if they put their legal name on everything. Try to find Starbucks Inc. on anything in their store and you will see what I mean.
6. Assume your industry will change. Assume your business will grow and do much more than you want to do now. If your name can not grow with the company it isn’t a good one. Your name is your reputation if you change it it will be difficult to transfer the reputation with it.
Well there you have it, some things to consider when naming a business. Once you have a name that meets all of the criteria above it is time to start thinking about a logo. My next post will be about designing an effective logo.
thanks
Donald Rush
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