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Home - Corporate Branding
What’s in a name----Everything! Choosing the
right name for your company takes careful consideration.
A name is much more than something that identifies your company, it
tells the public and potential customers who you are. More importantly,
your name tells the public what you do, and in more instances, how you
do it. The name you select for your business differentiates you from
every other similar company. In addition, it will stir curiosity and
invite customers to take a closer look at whom you are-- if you choose
the right name.
Every entrepreneur will make mistakes, starting with selecting a name
for their company that may mean something to them, yet has no meaning to
the general public. Therefore, when deciding on a name for your
business, think very careful about what this name says to you. Does this
name invoke any image of what your company is about, or does it describe
something totally different from what your business offers? Does the
name you’ve chosen for your company invoke an image of professionalism
and expertise in your field? If the answer is no to any of these
questions, then as hard as it may be, you have to select another name
that tells the world who you are, what your company is about and the
product or services you provide.
A truly effective name should do each of the following.
A Name Should Tell Who You Are.
This is very important aspect of branding. When you promote you company,
your goal is to get your name in front of as many people as possible.
Your name is how you want the public to think of you. Many business
owners integrating their personal name into the name of their company,
which is a very common practice for the legal, medical, and accounting
professions. Other businesses use a more descriptive name, such as one
very successful small seamstress who operates her business under the
name "Ann’s Sew Good.” The name that she selected told potential
customers about her business and who she was. Jean has since retired and
sold her business, which is still operated under the original name, and
yes a day doesn’t go by that some one doesn’t call the new owner
Ann----his name by the way is Doug.
A Name Should Tell What You Do.
There are countless business world wide who’s name tell very little
about what type of products they offer provide or services they provide.
Such names as Smith and Sons, or Fred’s, do not convey what their
companies do. They rely solely on customers already knowing whom they
are and what they have to offer. This type of branding is fine providing
you already have the type of following as Ford, Sherwin-Williams, or
Edward Jones. However, if your business is new, then you will have to
depend on having your name found in 'context', such as a yellow pages or
on-line business directories.
A Name Should Tell How You Do It.
Words can create very powerful images in the consumers mind. Therefore,
choose your name carefully. Consider the following businesses: Nature’s
design; 4-ever Green Lawn Care; No-care lawns. All of these businesses
are lawn care companies. The name of the first however does not honestly
describe very much about the company other than the fact it has
something to do with nature. The second company on the other hand gives
the impress that if you use them, then your lawn will always remain
green. The name of the third company can be interpreted in two ways,
either you will not have to worry about your lawn if you choose them, or
they don’t care about your lawn. (The name of this company has since
changed to: Have no Care Lawns.)
A Name Has To Differentiate You From Your Peers.
The name you select for you company is your first opportunity to tell
customers what makes you different from your competitors. If we look
again at the lawn care companies, we can see that each had a different
approach to targeting their customer base.
A Name Has To Peak Customer Interest.
Having the ability to create customer interest with purely a name is an
art. To do this, you first must carefully consider your target audience
and what qualities your service offers and are the most import to your
customers. Here’s the hard part, now consider the type of words that
will appeal to them.
An example of this would be a homeowner who needs certain repairs done
to his home but doesn’t have the time. This homeowner would more like be
drawn to “Jim’s instant Home repairs.” While someone who was looking for
a lawn care company would be more likely to choose one of the lawn care
companies listed earlier
A Name Should Invite Customers To Investigate Your Business Further.
People are very funny creatures. What one person likes and is drawn to,
may turn another person away. When considering the name of your company,
you want it to inviting customers to you and have attractive qualities
to your target audience. An example of this can be seen with McDonalds
and their new health conscience menu, which is drawing more women and
health minded individuals to them.
When considering a name for your company, you must make sure that the
name you choose is not intimidating and thus pushes customers away.
When you take the time to devise a name that tells who you are, what you
do, how you do it and that separates you from your peers, you have
created a name that is right for you.
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