How to Choose the Best Business Name for Startups

Names play a huge role in startup success. The kind and type of name you give your startup will determine how people will receive it. Let’s take for example; Uber, Lyft, Facebook, Amazon, Tesla, and the list goes on and on.

We can see how these companies were received when they were startups. Today, they’ve gone from being a startup to becoming a conglomerate, making their investors rich. So why not follow in their footsteps and stay ahead of the game among the thousands of startups in our world.

Getting a name for your startup isn’t by just using anything. There are ways to get the perfect name for your startup. I will teach you some ways to come up with a unique name for your startup that will last and create an impression in the minds of people for many years to come.

You don’t want to miss this amazing information about changing the way your startup will get remembered by people. In this article, you will be learning about a lot of things regarding startups and what to do to get the best name possible.

 

Ways to Get the Best Business Name for Startups

The following are the best ways you can adopt to get the best business name you need for your organization.

  • Avoid names that are hard to spell
  • Don’t choose a name that will limit your business
  • Make use of the internet
  • Get a domain name
  • Choose a name with a meaning that reflects your company
  • Conduct trademark research
  • Make it as simple as ever
  • Don’t follow the trend
  • Get feedbacks

 

Avoid names that are hard to spell

When setting up a name for your business, it is always a wise strategy not to use names that are too hard to spell. A lot of times, young entrepreneurs always try to coin words that are too ambiguous to pronounce and spell. Make sure to use creative words that aren’t too hard to spell and pronounce. Look at the biggest companies in the world and see how they’ve been able to make good use of this simple technique to create good business names.

 

Don’t choose a name that will limit your business

There are some names you use to create business names that limit how far your organization can go. When you look at some company names, you can see how limited their names sound. Use names that even when you start expanding, it won’t be an issue to think of something else to use – but you’d just continue to use the name you already have.

 

Make use of the internet

If you don’t how to go about getting a good name to represent your company, you can always check the internet for a good and better name. if you don’t have one, you can search the internet for ideas. But, if you already have one and you are thinking of changing, the internet is a good friend in need with fresh ideas to give your company.

 

Get a domain name

After getting the name you want for your business, the next step is to get a domain name registered. Search online for options if the name you want is taken already. If it is not taken already, register one immediately before it gets taken. The beauty about this is that even if you are not ready to run a proper website for your business, you already have your business name registered on the internet.

 

Choose a name with a meaning that reflects your company

You don’t want to use a name that speaks ill of your organization. Whatever name you decide to use must reflect the image of your business. There are lots of examples to make use of in case you don’t understand what I’m talking about here. The UBER car hire service. The name once you hear it already know that it is reflecting the company’s image as a car hire service. Use good names and they will end up speaking for you for many years to come. Even down to your generation.

 

Conduct trademark research

Putting trademark to your company’s goods will yield great benefits in the long run. These days where lots of people are consuming counterfeit goods, and purchasing fake products thinking its original. Using a trademark for your business goods is a wise thing to do. But before using a trademark on your business product, you need to conduct trademark research before moving to the next level.

 

Make it as simple as ever

Make your business name as simple as ever. Simplicity should be your watchword in anything you do. Most people don’t have the time for stories – especially with your business name. don’t make people have a hard time remembering your business name. Use words that are simple and easy to remember. There are lots of examples such as; Lyft, Dominos, Shoprite, etc.

 

Don’t follow the trend

The last thing you should do when creating a business name is followed trends. This is the fastest way to go out of fashion as a business or as a company. You should have a vision as an entrepreneur and your vision should be able to guide you through the formation of your business name. So, don’t follow the trend when forming your business name – follow your plans and strategies in generating a business name.

 

Get feedbacks

Naturally, you wouldn’t just come up with one name. at least, four to five names would have run through your mind. Pick out those fives name and run them through your friends and families to get their feedback on the names you sent to them.

They say the voice of people is the voice of God. So, find out what they chose from the names sent and made your final decision on what you want to go with. Names are one of the best things in life. When you give one to a business, make sure you give a good name that lasts long for generations to come.

Photo credit: entrepreneur.com

 

Related: 5 Steps to Hire Employees Effectively For Your Business

 

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