What Will You Call Your New Business?

Business Names: Chanel
Can’t think of a business name? What about your surname?

You’re starting a new business. What will you call it?

After you brainstorm, and have some hot contenders, don’t forget this tip from: 3 tips for choosing a name for your startup business | MYOB Blog:

“Make sure you can get the domain name.

This will probably be the ultimate determinant as to which name you go for; you might have a brilliant name for your business, but if you can’t make it work from a web domain perspective, then you’re pretty much back to square one.”

Yes — get the domain name.

An aside re domains: you are developing a website, aren’t you? Craig Reardon reports:

According to the latest MYOB Business Monitor, Australian SMEs operating a website numbered a paltry 38% – 2% higher than the same time the year before, but a whopping 9% lower than the peak of 47% in October 2010.

Tsk, tsp… (yes, that’s me, tutting.) If you’re thinking of foregoing a website, shame on you. Social media can’t replace your business’s home on the Web. Social media is ephemeral. You have no control over what happens there.

OK, mini-rant over, back to business names.

Here are some ideas to help you to choose the perfect name.

What’s YOUR name? Use your own name as the business’s name

As with Chanel, you can’t really go wrong using your own name. If it’s a common name — or if someone’s already trademarked it — you’ll need to tinker with it. Just add another word or two. :-)

Combine two words

It worked for the Eveready Battery Company, and for many other businesses.

Just brainstorm lists of words associated with what you do. I’ve found it helps to create a giant list of words on a whiteboard, and leave them up for a few days.

No whiteboard? Get a couple of pads of sticky notes, and write a word on each note. Stick the notes onto the wall, where you can study them.

Snicker — here’s Sheldon and Raj, studying…

Just look at the words, for a couple of minutes, and then go on with your day. You’ll find that your subconscious mind gets in on the act, and the perfect name will come to you as a sudden inspiration.

Go for a weird name

You can’t get much weirder than “Google” or for that matter, “Apple” as the name of a computer company.

Spend a little time studying mythology. I’ve got a couple of very old books I received as presents in my teens. I often use them for naming purposes. You’ll find lots of mythology books in the Reference section of your local library. You can also use free texts from Project Gutenberg; example: Myths and Legends of Ancient Greece and Rome by E.M. Berens.

A tip: be wary of using foreign terms as a name. If you don’t speak a language, you won’t be aware of slang terms in that language. The name you choose could have a lovely dictionary definition, but mean something totally different to native speakers. The results can be… unfortunate. Yes, it happens. I know of a couple of cases, but my lips are sealed.:-)

Naming your new business is just as much fun — or more fun, than naming a baby. Good luck with it. :-)

, and on Twitter: @angee

photo credit: aiirr via photopin cc

Domain names – WHAT was I thinking?

If you’re not into domaining (buying domain names as an investment) this post won’t mean much to you. But if you do have a portfolio of domain names, I’m sure you can relate to the “WHAT was I thinking?” feeling which hits you when you scan lists of domain purchases you’ve made.

I’ve bought some truly weird domains. Time to move some of them along.

My general strategy when selling a domain is to sell it as a mini site, of anywhere from five to ten pages. I create the site, and let it age. Once it has PR, it’s time to sell.

Although I’ve never sold just a domain, this post intrigues me. Domain Name Wire » News » Update: Selling Domain Names on eBay – The Domain Industry’s News Source reports:

“I’ve decided to give eBay another shot, but this time as a seller. And with a good domain, not some piece of junk. My experience listing the domain — Headcase.com — reminds me why eBay isn’t set up to be a domain seller.”

I’ve never considered eBay as a place to sell domains, but I’ll go and take a look.

Make money writing Web sites

If you can use a word processor, you can write Web sites.

Many writers shy away from creating Web sites… they imagine it’s too techy, too complex. It’s not. A small simple site can begin earning money for you very quickly. As a rule of thumb, if you’ve created a site in an area in which there are advertisers you can start earning five to ten dollars a day per site. Now $10 a day isn’t much. But what if you had ten sites all earning $10 day? That’s $100 a day, which is $36,500 a year, just from ten simple sites. What if you had 20 such sites, all earning you $10 a day – or even more – in fact, some sites will earn you $100 a day? “Super-Fast Money-Making Web Sites For Writers: Join The Web-Publishing Bonanza” shows you how.

[tags]domain names,domaining[/tags]