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How to Find the Perfect Name for Your Business in Today’s World

September 12, 2021 Grant Polachek Leave a Comment

Photo by Tirachard Kumtanom from Pexels

When it comes to business, the balance of power is shifting. Companies are now recognizing that customers want more from the brands they support.

And one of the greatest ways you can adapt to this change is to build a strong brand identity that portrays your company as one that’s aligned to the desires of your target audience.

And the first path to establishing a great brand identity is getting a powerful and memorable brand name for your company?

An excellent brand name raises your company’s market awareness, enhances consumer trust and loyalty, boosts sales, and raises the value of your products and services. Getting a great brand name will set your business apart from its competitors.

Every entrepreneur must realize that finding the perfect brand name is the most important element to achieving significant success.

And, in case you’re wondering how to come up with a perfect name, here’s a simple guide to help you.

How to Find the Perfect Name for Your Business

Even if you’ve spent years building a game-changing idea that’ll shake your industry, your business will never achieve genuine success if it’s not empowered with the best brand name.

Finding the perfect name can be difficult, but don’t panic; these simple steps will show you how to pick the finest brand name for your company.

1. Study Your Industry

The path to a brilliant name is paved with information, so don’t just fantasize about it; instead, sit down, study, and learn everything you can about your company, audience, and rivals.

Make a point of learning everything you can about your company’s values, purpose, vision, and goals. Gathering this information will help to determine the right tone and personality for your brand.

2. Discover the Best Brand Tone

The best way to come up with a name that represents your company’s fundamental values is to make sure it has the correct tone and elicits a strong emotional reaction in your target consumers.

So, focus on your target market and uncover what attracts them to your business and why they should care about it. Knowing who your brand is addressing can help you decide if your brand’s tone should be:

  • Modern and innovative
  • Fun and playful
  • Emotionally impactful

3. Understand the Secondary Elements of Your Brand

Your brand is simply an idea unless you give it life, and the best way to do so is to identify your brand’s secondary elements. These elements communicate your company’s identity and personality, and they include your brand’s:

  • Big ideas
  • Brand values
  • Value proposition

Understanding these essential elements can help you create a brand identity that accurately reveals your company to its target audience.

4. Brainstorm

Researching your sector, finding the proper tone, and identifying your brand’s elements will help you build your brand’s naming criteria, which is simply a basic understanding of the sort of name that would be great for your business.

So get creative and start searching for words that meet your company’s naming criteria in dictionaries and thesauruses. Concentrate on coming up with a list of appealing, modern, memorable, symbolic, and intriguing words that’ll help your company stand out.

When it comes to naming your company, one of the easiest ways to get a list of potential names is to use a reliable business name generator.

Test Your Brand’s Name

After you’ve compiled a list of names that meet your brand’s naming criteria, don’t just pick one at random because you like how it sounds. Instead, test every word on your list with a tiny sample of your target audience.

After testing these names, select the best one and verify with the USPTO to find out if it has already been trademarked by another company. Verifying your name with the USPTO will save your business from having to deal with future copyright lawsuits.

Grant Polachek
Grant Polachek

I am the head of branding at Squadhelp.com, 3X Inc 5000 company and the world’s #1 business naming platform, where I’ve completed more than 1000 brand naming projects for everyone from early-stage startups to leading enterprises such as Pepsi, Dell, DuPont, Hilton, Pillips, Dr. Pepper, Nestle, Marmon, and more.

Business Advice branding, brands, business branding, business guide, Business Name, business rebranding, business success tips

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