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For a Better New Product Name or New Company Name, Create a Scorecard

Article Description:
====================

Create a list of criteria for your new business name or product
name before you start brainstorming. This enables you to winnow
your list to the top names with confidence.


Additional Article Information:
===============================

501 Words; formatted to 65 Characters per Line
Distribution Date and Time: 2009-06-25 11:00:00

Written By:     Marcia Yudkin
Copyright:      2009
Contact Email:  mailto:[email protected]


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For a Better New Product Name or New Company Name, Create a Scorecard
Copyright (c) 2009 Marcia Yudkin
Creative Marketing Solutions
http://www.yudkin.com/



Imagine being asked to judge a martial arts competition while
never having studied karate, tai chi, judo or the like. You might
latch on to a favorite whose moves you admire only to learn from
people in the know that this competitor's form was actually
embarrassingly and even dangerously bad. Or you might feel
completely frozen in your ignorance, unable to recognize a
competitor whose power and style were clearly head and shoulders
above the rest.

You'd do better with a list of judging criteria, such as
"posture," "balance," "presence," "power," and so on. By
knowing what you're looking for, you more easily see it when
it's in front of you.

This analogy applies neatly to business naming, whether for
companies or products. I've seen organizations pass over a
strong, winning name in favor of a weaker one when they go on
nothing other than their feelings. And I've seen companies
struggle to finalize a perfect name because they can't feel
confident that it truly fits the bill. They have no firm criteria
with which to assess competing possibilities.

For brainstorming a list of names, you don't need guidelines on
what the final name must be like. Indeed, it's often best to
generate possible names wildly, profusely and without censoring,
and only later to winnow them.

Before attempting to narrow down your list of candidates, create
a list of criteria or a scorecard. To name a new sporting goods
product, for instance, the criteria might include:

 * Must make sense at first hearing to both basketball and soccer
players.

 * Should be easy to say out loud and relatively easy to spell.

 * Must convey that the product has something to do with safety.

 * Needs to be trademarkable and have a matching domain name
available.

 * Should have a fun sound and positive connotation, without
being corny.

Using such a list, you'd go through the name candidates and
eliminate all the ones that didn't fit the criteria.

A company in the same line of business but with a different
history, goals and corporate personality might generate quite a
different list of criteria.

A scorecard would be a bit more complicated than a list of
criteria. Not only would you write down the qualities your ideal
name should have, you would also give each quality a numerical
weight so that some items on the list have more impact in
determining the suitability of a name than others. Using this
system, a name might turn out to be acceptable even though it
didn't meet every qualification if it met the most important
points.

A freelance namer for my company, in looking at the memo I
created for a product naming assignment, quoted to me this saying
by Charles F. Kettering: "A problem well stated is a problem
half solved." I agree wholeheartedly. The scorecard enables you
to know whether you've come up with a winner, you need to keep
at the task longer or you should really scrap the efforts so far
and make a fresh start. 




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Marcia Yudkin is Head Stork of Named At Last, a company that 
brainstorms creative business names, product names and tag lines 
for clients.  For a systematic process of coming up with an 
appealing and effective name or tag line, download a free copy of
"19 Steps to the Perfect Company Name, Product Name or Tag Line" 
at http://www.namedatlast.com/19steps.htm


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