There are a lot of things that you have to think about when you are starting a business, one of the more important is the name of the business.
Some people put a great deal of thought into the name of the company while others put very little effort into.
You don’t have to spend a great deal of time on the name but there are some important considerations when you are choosing a name for your business.
The main reason that you need to have a good name for your business is so that it is memorable.
The goal of all companies is to attract customers and this is a lot easier if people can remember your name. One of the keys to having a name that is memorable is that it should be something that people can visualize.
When they hear your name an image should pop into their heads, ideally an image that is related to what your business does.
If not then your name likely won’t be all that memorable and so it is not a good name.
2. Unique Within its Industry
Another thing that you are going to want to keep in mind when you are trying to choose a name for your company is that it should explain what it is that you do.
You do not necessarily have to be overtly obvious about it but people should have a good idea of what your company does based on the name.
If there is any confusion about what it is that you do then you are going to lose customers.
3. Avoid Connotations
Another important factor when you are choosing a name is to make sure that it has as positive connotations. It should go without saying that your company wants to have a positive image.
Sometimes your name can be an issue in this regard. There are times when the name of your company has a name that has unintended connotations. It is important that you make sure that you pay attention to this aspect of your name.
If people get a negative image of your business it can be hard to overcome that.
4- Short and Easily Pronounced
When you are choosing a name that has become more of an issue in recent years is that it should be short and easy to spell.
The internet has played a major role in changing the way that businesses are named.
In order to find your business online people are going to have to be able to spell it in order to type it. A lot of companies have run into problems with this, particularly the ones that were founded before the internet came into widespread use.
If it is possible for people to misspell your name they will and when they do they will likely not find your company online. This is an especially serious problem if you are selling something online.
I hope these tips resonate into your mind, when you trying to give name to your startup.