From climate change to the Covid pandemic to how weak the global economy is, the crisis in the world never ends, and it’s the same in the business world.
Brands like Tesla, Apple, Alibaba, and Google have faced countless challenges, from bankruptcy and fallouts with powerful governments to surviving the global financial crisis, failed IPOs, and numerous production mishaps.
But despite all these, these companies survived because of their impeccable brand identity. When it comes to building a solid brand identity, nothing can take the place of finding the perfect brand name.
Your brand’s name would play a key role in your success by deciding how your customers interact and value your brand.
And if you want to find a great name that’d captivate your customers, then read on because we’ll be showing you how you can find the perfect name for your business.
But first …
Here’s Why Every Business is trying to Find the Perfect Name
One of the most crucial things your company needs to succeed in the long run is a solid brand name. This is because the perfect name leaves a lasting impression on your clients by giving them a quick idea of your brand’s worth.
A great name would boost your company’s ROI and assist you in meeting your brand’s mission, vision, and goals. So, if you want your business to stand out, rapidly capture the hearts and minds of your target audience, and be successful, you’ll need a powerful brand name since it’d help your business:
- Attract loyal customers
- Establish a strong emotional bond with your audience
- Get talented employees to work for your business
- Attract customer referrals
- Create excitement in your industry
- Increase the sales of your products and services
Understanding what your company stands to gain by picking the correct name would be pointless if you don’t know what makes a brand’s name great in the first place. So, let’s look at some of the qualities of a perfect brand name.
Here are the Qualities that Make a Name Perfect
Most entrepreneurs just getting started with naming their company are usually eager to discover what makes a name perfect. And if that sounds like you, then know that the most important quality of a great brand name is that it C.A.R.Es.
Perfect names are, to put it another way:
Contextual
Perfect names aren’t just descriptive; they’re also relevant to the business they represent. The perfect name stands at the organization’s heart, supporting and establishing the tone for several essential elements.
So, if you want customers to perceive your brand as a serious and trustworthy business, it’s not a good idea to use a funny brand name.
Appealing
Customers are attracted to great brand names because these names not only pique their interest but also compels them to tell their friends, family, and coworkers about it.
Don’t be one of those businesses that choose names that are difficult to say and spell and have little appeal to their target audience.
Remarkable
Great brand names stick in people’s minds and are far easier for customers to remember than dull names. Businesses with great names are easy to market and enjoy excellent recommendations from their customers.
So make sure you pick the best brand name for your business since it will aid in your brand’s growth and success.
Evocative
Perfect names trigger a powerful response from their intended audience. So make sure your company’s name is evocative because that’ll help it make the best impact, evoke powerful emotions in your consumers, and birth compelling ideas about your brand in people’s minds.
Six Paths to Finding the Perfect Name for Your Business
- Recognize what You want Your Business to be
You must have a thorough understanding of your business and its products if you want to build a business that provides outstanding service. And the best way to do that is to gather all of your company’s fundamental principles and determine which ones best represent your business.
Remember, excellent brand names come from great ideas simply because creating your brand’s name from strong brand concepts is far easier than creating a name from weak concepts.
Also, study what works and what doesn’t because it’ll help you identify what your brand has to do to win the hearts of your audience.
- Find the Best Tone for Your Brand
Understand that a brand’s name loses its potency if it fails to emotionally connect with its target audience. And this often happens when the tone of the name does not resonate with its intended audience.
Your name’s tone has a direct impact on how your customers perceive your business, so make sure you understand who your customers are, what they enjoy, the problems they’re having, what your company offers, and why they should be interested in using your products.
Keep an eye on your competitors and study their brand, what they have to offer, and how your company can outperform them by offering superior products and services.
- Know your Brand’s Secondary Elements
Although choosing the appropriate tone is critical, understanding your secondary branding elements will go a long way in helping you develop a coherent brand identity.
And that’s because they play a big role in helping you come up with a brand name; think of your brand’s secondary elements as the cornerstone that uphold your brand personality.
So, find a pen and paper and jot down your views about your company’s:
- Big ideas: What are the fundamental concepts driving your company?
- Brand values: What are the values that drive your brand?
- Story: Does your company have a compelling story to tell?
- Benefits: What unique benefits do you provide your customers?
- Emotions: What strong emotion do you want customers to experience?
- Value proposition: Why should people care about your brand?
Identifying your brand’s elements will help you create a viable and functional brand personality that will aid you in achieving your brand’s objectives.
- Create a Project Statement
Preparing a project statement can assist you in deciding on the best name for your company since it will give you a better grasp of what your name should accomplish.
Here’s an example of a great project statement:
- I need an excellent name for my IT company that expresses brilliance, knowledge, and competence. The name should be inviting, memorable, and relevant.
- Get Creative: Brainstorm
It’s time to stir your creative imagination and generate names corresponding to your project’s statements and naming requirements.
Although coming up with a great brand name can be very demanding and challenging, one way to lighten the load would be to assemble a team and tell them about your business, its elements, tone, and project statement.
Now, encourage your team to use dictionaries and thesauruses to come up with the most catchy, intriguing, and innovative names possible. The aim here is to compile a list of names that are relevant to your company’s and audience’s demands.
Your team should be on the lookout for words that are short, catchy, fascinating, or symbolic. Customers love wordplay, so coming up with a great word combination can be the winning strategy for your company.
But, if you don’t have a team and coming up with a catchy name sounds difficult, then don’t hesitate to use a powerful business name generator.
- Test Your List of Names
Most entrepreneurs are easily overwhelmed when trying to pick the perfect name for their business from the list of names they’d generated from brainstorming.
We know that with so much information available, determining whether the names on your list are dazzling diamonds or utterly unattractive names is becoming increasingly difficult.
As a result, be certain that whatever name you select for your company is:
- Unique
- Has a .com domain and social media handles
- Has social media handles available
- Is tested with an audience
- Scalable
Get Help from Naming Professionals
We’ve seen business owners spend months looking for the right brand name. They seem to be utterly blind to the startling truth that the business world changes quickly, and competitors are always upgrading their game.
So, if you’re stuck at any point in the naming process, don’t waste time; seek help from a professional brand naming agency.
These agencies have a lot of experience coming up with unique and captivating brand names for major companies that connect with their target audiences. They’d be happy to assist your company in finding the perfect name.
Helpful Resources:
Free Business Name Generator – Just search your preferred keywords, choose favorites, and move on with creating your business, channel, blog, etc.
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