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A Good Business Name Must Be Bold: Oh, Really?

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

 T h e n a m i n g  " m u s t  " y o u  ' l l e n c o u n t e
r m o s t o f t e n i s t h i s o n e : A G o o d B u s i n e s s
N a m e M u s t B e B o l d . I t m u s t m a k e a s t a t e m e
n t . I t m u s t s t a n d o u t . I t m u s t c a l l a t t e n
t i o n t o i t s e l f . B u t n o , t h a t  ' s n o t t r u e
- n o t a l w a y s . 


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398 Words; formatted to 65 Characters per Line
Distribution Date and Time: 2009-07-23 12:00:00

Written By:     Marcia Yudkin
Copyright:      2009
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A Good Business Name Must Be Bold: Oh, Really?
Copyright (c) 2009 Marcia Yudkin
Creative Marketing Solutions
http://www.yudkin.com/



Visit just about any blog of a high-priced naming consultant, and
they’ll tell you with oracular confidence that a business name,
to succeed, must be X, Y or Z. This is bluster. It is a branding
statement of their own, arguing for the kinds of company names
they like to create and against the kinds of company names they
personally look down on. Such rules are not a
valid-for-every-situation fact.

The naming “must” you’ll encounter most often is this one: A Good
Business Name Must Be Bold. It must make a statement. It must
stand out. It must call attention to itself.

Yes, that’s often a good idea, especially for a new operation
that needs to earn publicity, word of mouth and market share. But
not always. Consider a community bank that is expanding into new
territory, across a river that to residents marks a mental
boundary. Its number one concern is whether or not its current
name encompasses the new geographical area in residents’ minds.
If not, they may be looking for a new name that provides
continuity with their current name yet includes the locations
where they’re opening new branches. Boldness is nowhere on this
bank’s list of naming criteria.

Indeed, it’s a rare bank that goes for, or should go for, a bold
name, one with emotional impact and shock value. Much more
important for banks is engendering trust. Other goals might be
emphasizing rootedness, history or connection. Banks - and many
financial services companies - need different naming criteria
than a footwear company or an adventure travel firm.

It might surprise you to know that I have had clients hire my
naming company wanting a name that didn’t stand out. In one case,
a financial advisor was moving to a new city and wanted a company
name that would blend into the background, not attract any
attention and make people assume he’d been doing business there
forever.

I encourage you to wipe the slate clean of what you’ve read or
heard and think first about what you hope the new business name
you are looking for will accomplish. Do consider guidelines and
“musts” because they point to naming factors you might otherwise
overlook. Don’t let your goals get overruled by someone else’s
branding agenda.

Don’t be intimidated into looking for or accepting a company name
that can’t take you where you want to go!






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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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