Having a strong brand name gives you an immediate advantage when you're first starting your business. As Marty Neumeier writes in The Brand Gap, “The right name can be a brand’s most valuable asset, driving differentiation and speeding acceptance. The wrong name can cost millions... in workarounds and lost income over the lifetime of the brand.”
It's important to find the right name when setting up your online store to help it stand out from the crowd. Here are a few pointers on how to find that killer name.
Having a short, snappy name is great for several reasons: It's memorable, easy to pronounce, and effortlessly fits in the header of your online store's homepage.
Finding one can be challenging, though. Brands are launched every day, and names that are appealing to you will undoubtedly appeal to someone else, too. Fortunately, it’s a big world and there’s plenty of room for creative, compelling brand names.
Here are a few strategies you can try to get your gears turning:
Conduct market research to discover which names are taken by your direct competitors and try to come up with something completely different.
The challenge here is to come up with a name that reflects your niche and the type of products you're selling, without your business name mirroring your competitors. By definition, if you want to be different you have to ‘zig’ when others ‘zag’.
For instance, if you're selling electronics and technology products, you might have competitors who use words like "electronics," "technology" and "future" in their names. Avoid using similar words. Instead, think differently and stand out.
Once you have a list of options for your store name, find out if your chosen domain—preferably a .com—is available to be registered. This might be a bit difficult, given that .com is the most popular top-level domain (TLD) and has been for a long time.
Having a custom domain name for your store is mission-critical, though you shouldn’t let your search for the mythical “perfect” domain name cause you to procrastinate—everything is open to change, including your domain name. However, there is value in picking a solid domain name that properly represents your brand from the start, so it’s a decision that warrants some thought.
You might also consider selling on Amazon, eBay, Etsy or another third-party marketplace in addition to your own online store. Even if that’s not in the plan, it’s a good idea to check your business name idea on popular ecommerce sites to make sure the names are available to you, and so that customers don’t confuse you with another existing business.
If the .com for your chosen name isn't available, don’t fret: You still have the option of using a different TLD. The reason .com is the gold standard is that everyone recognizes it, but that doesn’t rule out other TLDs, which are becoming more commonplace as great .com options continue to dwindle. And you can always grab the .com after your business has generated some traction.
While some search engine experts believe Google isn't as friendly to lesser-known domains, you should still be able to rank just as high as a .com if you have a high-quality site with a good user experience. Plus, going with a snazzy domain is far more unique.
Modifiers to consider:
TLDs to consider:
Make sure you're legally allowed to use the business name you've come up with. For store owners in the U.S., start by checking The United States Patent and Trademark Office. They have a free database that's a pain in the butt to search, but it's well worth the effort.
Also note, the U.S. doesn't have a centralized national register, so trademarks can be made in another country, or even another state. In Canada, you can search through the Canadian Intellectual Property Office website, which is also pretty confusing. The only safe way to be 100% sure is by consulting a lawyer.
Once you’ve determined your name is available, go to Google or Bing and see if the names on your list show up. Could you potentially make it to the top of the first page? If you choose a generic name, you’ll have a tough time ranking very well.
It’s also important to check Twitter, Facebook and other social media sites you'll want to use for availability.
If you’re short on business name ideas, you might want to give yourself themes to think about. Maybe you look for a business name that has nostalgia or speaks to a trend. Other languages can provide plenty of ideas, too.
Inspiration can strike anywhere. Listen to conversations around you, survey your surroundings, and even consider your usual expressions and mannerisms.
Examples of great business names
Finding the right brand name can feel like a daunting task. But it’s absolutely crucial to put time and thought into naming your online store. That’s how customers will come to know, recognize and talk about you — and if the name’s too difficult to remember, you’re missing out on loads of word-of-mouth marketing that doesn’t cost you a single penny.
Question: Which businesses out there have you seen with awesome names? What business names have you been toying with?
Source: Shopify - https://www.shopify.com