Shakespeare was right: “What's in a name? That which we call a rose by any other word would smell as sweet;”
And indeed, companies such as BMW, IBM, SAP, and Smuckers are doing just fine despite their, how shall we say, less than stellar names.
But Toto, we are not in the 16th century anymore! With millions of flowers to choose from, your time-deprived prospects won’t bother to sniff your rose if it’s named, say, Plant. Or Vegium. So while a good name isn’t crucial for success, it will sure make your marketing a lot easier. Wouldn’t you want to improve your odds?
Here’s the most common naming mistake I see: “We need a name that explains what we do.” Now, you are asking yourself, what could possibly be wrong with that?
Let’s look at an example. Let’s say you have worked hard to develop a lip-smacking-good software program for managing projects. In a brainstorming session, your team comes up with some terrific candidates for the all-important name: ProjectMagick, Projectify, and ProjKick. They all seem to “capture what we do,” don’t they? The problem becomes apparent only when you look at a list of your competitors.
(These are actual product names- I am not making this up!):
AceProject
Cprojects.com
Vproject
eProject
dotProject
ProjectPlace
Projux
Project.net
Project Arena
ProjectByNet
PracticalProject
PlanView
]ProjectOpen[
PHProjekt
OnProject
OurProject
Can you spot the problem, my dear Watson?
You don’t want a name that describes what you do. You want a name that describes what makes you different. Take Basecamp for example. Basecamp is a new entrant to the project management market that is getting a lot of buzz. “Basecamp” doesn’t describe what the product does. Rather, it suggests a different customer experience, and it sure stands out from the flock.
Apple is a powerful brand. “Apple” does not describe what the company does, but what makes it different: fresh, different, seductive, good for you. Contrast it with names like IBM and DEC.
Names that position your brand have another advantage. They transcend trends, technology, and products. Companies like Apple, Oracle, and Virgin have dramatically changed their product line over time, but their names still reflect their positioning.
Want more examples?
Let’s look at a few search engines for weblogs: Blogdex, Blogpulse, Blogwise, Blogstreet, Feedster, and Technorati.
Coincidentally or not, Technorati is the leader in this market. I would not attribute its success solely to its distinct name, but the others aren’t helping themselves with their lookalike names. Their situation is exacerbated by additional blogging tools that are not search engines, but still clutter the name space: Feedburner, Feedblitz, Bloglines, Bloglet, Blogger, etc. This is really sad, as I am sure the developers have put blood, sweat, and tears into developing these products, but they are not be getting an equal opportunity to demonstrate them. (By the way-- I don’t think Technorati is the best possible name, but it’s better than the others)
Let’s look at one more category: Website visitor tracking and statistics (I got most of these from a Google search): DeepMetrix, SiteMeter, SiteStats, StatCounter, OneStat,
ShinyStat, OneStatFree, and Mint.
Which one stands out? That’s right—the one that offers a “fresh look at your web site.” Take a look at the site. The design, the message, and the copy are all in synch with the name. As a new entrant, Mint is not the leader, but as far as I can tell it is getting all the buzz.
Invented names
Invented names (like Accenture, Google, Hummer, Snapple, Squidoo) are more popular than ever. Their advantages are that they are distinct, the domain names are available, they are easy to Google, and they are easy to trademark. When well crafted, names such as these can work. But they are often devoid of meaning and do very little to differentiate you, your company, or your product from the crowd. Finally, the sheer volume of new names that pop up every day makes them harder to grasp. Jyve, Kiko, Fooky, Gliffy, Joyent, Meebo, Riya, Sxip, Truveo, Zopa. You be the judge….
What about Internet domain names?
If you invent a name, the corresponding domain name is probably available. For evocative and experiential names you can use a modifier. For example, cork-consulting.com, or corkit.com. Basecamp uses basecamphq.com and Mint uses the memorable haveamint.com.
For extra spark
- I recommend the excellent “Igor Naming Guide” by Igor International, the naming agency with the killer name. It explains many other attributes of great names. The paper is a little lengthy but worth every minute of your time.
- Word board is an online community of naming aficionados, hosted by the very same Igor. They will gladly help you find a name or a tag line for free, although it would be nice of you to offer a reward for the best name.
Technorati Tags: marketing, naming, branding