Naming your online company

One of the mosts challenging things when you first start a new company is coming up with an appropriate name. Having a great name can make a huge difference to your company and can add value.

Hundred of new companies startup everyday and therefore it has become even more important to make your company stand out from the crowd and your name is a big factor in this.

In this article I am going to try and talk you through what I see as the best process for coming up with a great, memorable name.

1. Determine your criteria

It is a good idea to set out some clear criteria which your chosen name should adhere to. It is not always possible to achieve all of these but the more the better. You will notice that many big companies do not actually fulfill these criteria, however, I would still strongly recommend these as a guide for new companies.

    1. It describes you business sector
    2. It is easy to say and you don’t have to spell it out
    3. It is memorable
    4. It presents a clear difference
    5. It describes your advantage

These are a few other criteria which would benefit your company if they were met.

    1. It is two syllables long
    2. It is nice to say
    3. Each of the syllables starts with a strong consonant (B, C, D, G, K, P, Q, T)

Examples of great company names that adhere to all or most of these criteria are:

    FreshBooks
    PhotoBucket
    PayPal
    TechCrunch
    CoTweet
    Digg

2. Plan your time

Be prepared to spend a long time coming up with your company name. It is worth investing time as getting it right in the beginning will be essential as it will be very difficult to change your name further down the line.

3-4 heads are better than one. Put together a team of people who can meet regularly to brainstorm new names.

The following items are essential

  • Thesaurus
    Dictionary
    A whiteboard or large sheet of paper
    A computer with access to a URL checker such as enom.com – It will be essential to make sure that your desired domain name is available.
    A spreadsheet – keep a record of all words that you use. You may be able to play around with combining words.
  • 3. Brain Storming

    Now that you have you naming team and the appropriate tools you can begin.

    It is very hard to come up with effective single word company names unless you are going to makeup a word such as ZOHO or Rollyo, therefore chances are your brand will be two words. Break the problem down and brainstorm for individual words.

      a) Words that describe your product/service category
      b) Words that differentiate yourself from your competitors
      c) Words that describe your company benefits

    Once you have a good range of words then you will inevitably start putting together possible combinations. Put your words into one of the following 3 column in your spreadsheet, a) Category, b) Difference, c) Describe.

    You may have to repeat this through a few sessions.

    4. You have a possible name? Now sleep on it.

    Once you have a name that you think may work, sleep on it. It may sound great at the end of a long brainstorming session but do you remember it and still like it in the morning?

    Run the name through your criteria again. At this point you have to be strict, don’t try and manipulate it so that it gets through. Maybe more brainstorming time is needed.

    5. Test It

    Don’t start asking your friends and family what they thought. You need to test it on your customers – your audience. Post the name on a forum (it may be worth registering the possible domain before doing this) and see what people think. Make sure that the feedback comes from those who are not in your organization or know you well.

    The truth about how we came up with our name.

    Whilst reading this article you may have been putting Design Fusions through the criteria that we set out, and you probably would have noticed that our name does not adhere to some of these. After a long time trying to come up with our name in the beginning we settled on Design Fusions mainly because we thought that it was catchy and and presented our creative flare for producing great custom websites which are ‘fused’ together with great development. We are therefore pushing the difference between ourselves and our competitors.

    The only problem that we found with our chosen name was the ‘s’ on Fusions. This was sadly limited by the fact that Design Fusion was a taken domain. However, there is the potential for us to take the name in the future, so, watch this space.

    Domain Names

    As an online company I would strongly recommend registering a .com domain. Maybe even make it one of your criteria. If you can’t get the .com then get a new name. There are those who would argue with this, but not having a .com is going to constrain your online presence. A large majority of people will just search for the .com and won’t try others such as .me, .net, etc. You just want someone to hear your company name and go there and not have you explain the URL. Don’t try and get round this problem by hyphenating your words either.

    If you are really set on your name and the .com is already registered, then you may have to consider spending a lot of money to buy it off of the current owner. In the end this may prove to be a great investment.

    To conclude…

    It really is worth taking the time to find a good name. If you invest in the process, you really won’t regret it. You don’t want to end up thinking, “I wish I had thought of that” further down the line when it is too late. So, good luck with your name hunting.

  • Comments

  • Ewan Kennedy says:

    Hi,

    Thanks for the twitter follow today – to which I reciprocated.

    The bit about registering the .com resonated with me. When I conceived the idea of naming my business AdJuice, the .com was registered but not being used by anybody worldwide.. I decided to go ahead with .co.uk regardless and it was a source of frustration when a U.S. company later started trading using adjuice.com. Not only that but they ripped off my logo to some extent. Fortunately they were not offering SEO services.

    The one point I would make about people searching for you is that they nearly all will type adjuice into a search engine and not adjuice.com into the browser address bar. Thankfully google will show adjuice.co.uk to any searcher in the UK ahead of adjuice.com.

    Having said that I would never go that route again. If I couldn’t get the .com I would get a different name so I agree with your point.

    By coincidence, I set up a new blog last week on v2-seo.com and wrote my first piece about business names and domain names.

    Regards,
    Ewan

  • admin says:

    Very interesting stuff. It is always good to hear from people that have experienced these things first hand. Thanks.

  • That is a helpful list. While inspiration should not be discounted planning and organizing are also critical.

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