One of the crucial decisions of a business happens when you have to select a name. Most people agree that the name you select can make it or break it for your business.
The name you select not only has to stand of time but needs to be relevant, therefore here are some tips to look into when selecting that all important name.
- Select a name that reflect your target customer base
If you’re product is directed towards children then your business name should be something simple, catchy and fun. Children wont remember a product that has a complicated name or something that wont catch their attention.
- Clarify what your business does
Your business name shouldn’t be just a nice name. It should clarify what the business product or service does. Although your business is easy to find in the yellow pages, if customers or clients can’t recall what your business do by seeing the name then it’s as if you didn’t exist to them anyway. So your business name plays a crucial role in clarifying your business.
Unless you have a very GOOD reason to have a complicated name for your business, keep the name simple. A simple name is easy to remember and easy to use to grab people’s attention.
Yes, it’s nice to have a name that goes with what’s trendy right now, but what will eventually happen is that the trend will ware off and so will your business reputation. People will only remember your business as something current at the time and will forget in time.
- Don’t go for a silly name
Even if you’re selling products for children, don’t go for a silly or amateur name. You’re business name can be fun and simple so that children can remember but don’t make it unnecessarily silly so that in time you will lose respect in the market.
If possible, coming up with a unique name will do wonders for your business. Of course, they are not easy to find but sometimes experts at the name game can give you some ideas and tips which might be worth the cost.