Thursday, October 25, 2007

How to Choose a Business Name.

How to Choose a Business Name.
As far as making first impressions go, it seems like your
business name is right up there. So you've spent a lot of
time soul-searching, brainstorming, sweating up the perfect
business name.

And then, when you do, what happens?

"I'm in a panic. The name I really want for my business is
taken! What do I do?" That's what one of my clients wrote
to me recently. What should she do?

Sticky, sticky, stuck.

It's our nature as human beings to get attached to things.
We like what we like, and that's that.

However, what you get attached to, and what your client
gets attached to, are often two separate things. You may
sweat, building up calluses on your finger tips, and
writing a box of pens dry of ink coming up with your
business name.

You print it up on business cards, letterhead, a website.
You shave it into the fur of your cat, and tattoo it on
your forehead. (Please, don't do that to your cat, or your
forehead.)

And then what happens?

Years later, you're still hearing people refer to your
business as "Oh yeah, what ... does, you gotta talk to
her." (Your name is ... - isn't it?)

Despite all of your hard work, your business name has
disappeared up in smoke. Enough to make you want to chew
your boots, eh?

IBM. Hewlet-Packard. Laidlaw. 3M.

Gawd, how boring can you get? These names suhhck. There's
no razzmatazz, or specialness about any of them.

Huh? It didn't make a difference? They were able to make an
impact on the marketplace anyway?

That's right. I'm not saying that these companies are
examples of the highest expressions of human good. I'm just
saying that their names didn't slow them down.

What's more important than your business name?

Save your blood, sweat, and ink for how you name your
offers.

How your name your offers will have a much bigger impact
than how you name your business. And, because your offers
will be on a webpage within your business, then you don't
have to worry whether the domain name is already taken.

But I still need to name my business!

Well, okay. Let me give you a few tips on picking a name.

Keys to Naming Your Business

• Do you like your name?

There's nothing wrong with naming your business after
yourself. (William) Hewlett-(David) Packard is a fine
example of that.

That's how your clients are going to think of you, anyway.
Smith and Associates. Johansen Consulting.

Similarly, if your business is local (or even if it's not),
you can name it after where you are located. Beaumont
Health Clinic. Rose City Chiropractic.

Simple. Easy. Memorable.

• Odd couples.

Another way is to pick mismatched, unrelated, or opposing
words to go together. Heart of Business. Psychotactics.
Monk at Work.

This creates something memorable, hooks up new associations
in the listener's mind. And, there's more of a chance that
the domain name may be available, simply because it's a
weird combination.

• And about those domain names.

Easy-to-spell is better than short. Google, although it's
short, too, won the search engine wars in part because it
was just easier to type and spell than 'Lycos,' which was
shorter, or 'Alta Vista' which was a little confusing.

A website name like 'the_best_consulting_company.com' is
going to be easier for someone to remember to type in, than
something clever like 'chronicity.com' (Was that,
'chronosity' or 'kronocity' or 'chronisaty?')

Take a load off your shoulders, and don't fret too much
about your business name. Have fun, be creative, but keep
it simple.


----------------------------------------------------
Mark Silver is the author of Unveiling the Heart of Your
Business: How Money, Marketing and Sales can Deepen Your
Heart, Heal the World, and Still Add to Your Bottom Line.
He has helped hundreds of small business owners around the
globe succeed in business without lousing their hearts. Get
three free chapters of the book online:
http://www.heartofbusiness.com

No comments: