Every entrepreneur hopes to one day build a company that’d lead their industry. So, they devote time to exploring their creativity, creating a stunning product, planning their unique marketing strategy, and selecting a name that not only reflects their company but also aligns with their products and services.
Anyone who has ever started a business from the ground up knows how tough it can be to come up with the right name for your company.
But what if we told you we could speed up the process, so you don't have to worry about any delays while launching your brand?
All you have to do is follow the steps in this article, and you'll be well on your way to finding the best brand name for your business.
Four Easy Steps to Naming Your Business
Even though you've spent years perfecting your game-changing product, unless a powerful brand name backs it up, your brand and its products will struggle to reach tangible success.
Choosing the best name for your company may seem complex, but don't worry; the steps below will simplify the process and lead you on the path to the best brand name.
1. Research Your Target Market
The key to crafting a distinctive brand name is to gather information about your target market and industry. So, instead of fantasizing about your company, put on your thinking cap, perform extensive research, and learn everything you can about your company, audience, and competitors.
Make sure you understand your company's values, purpose, vision, and goals. Having this information on hand will greatly assist you in selecting an appealing tone and personality for your business.
2. Find the Best Tone to Represent Your Company
Your journey to the perfect name will not be complete if you don’t identify the best brand tone that expresses your company's essential ideas and evokes a strong emotional response in your target audience.
Concentrate on your target market and discover what draws them to your company. Knowing who your brand's target customers are will help you decide whether or not your brand’s tone needs to be:
- Fun and playful
- Emotionally impactful
- Modern and innovative
3. Recognize the Secondary Elements of Your Brand
Unless you actively nurture your brand, it’ll suffer from slow and stunted growth. And when it comes to nurturing your brand, discovering its secondary elements is a great way to bring your business to life. Your brand’s secondary elements reveal the identity and personality of your brand, and they include:
- Big ideas
- Mission, vision, and goals
- Value proposition
Understanding these vital elements will help you create a brand identity that correctly represents your business to its intended audience.
4. Brainstorm
Knowing your market, identifying the appropriate brand tone, and defining your brand's identity and personality will help you establish your brand's naming criteria. The naming criteria for your brand will provide you with a clear picture of the perfect name for your company.
So, get creative and start looking through dictionaries and thesauruses for words that match your company's naming criteria. Make a list of short, appealing, unique, memorable, or symbolic words that will help your business stand out.
If creating a list of prospective business name ideas sounds too hard and time-consuming, you can always use a powerful company name generator to find a great name that aligns with your company.
Put Your List to the Test and Pick the Best Name
After you've compiled a list of potential brand names, don't just choose one at random because it sounds good to you. Instead, run each name on your list by a small group of individuals, preferably from your target demographic.
After testing these names, pick the best one and verify with the USPTO to discover if it's already been trademarked by another company. Verifying your company's name with the USPTO will safeguard it from potential copyright lawsuits.