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What Science Says About Selecting the Best Business Name for Your Company

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

If you turn away from the idea of naming as a black art, you
can find some secrets of branding in scientific studies that
have been published after having been reviewed by academic
authorities as reliable. Here are four points on which
researchers have given us insights that help guide the
creation of effective business names.


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

729 Words; formatted to 65 Characters per Line
Distribution Date and Time: 2009-08-13 11:00:00

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


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What Science Says About Selecting the Best Business Name for Your Company
Copyright (c) 2009 Marcia Yudkin
Creative Marketing Solutions
http://www.yudkin.com/



High-priced branding consultants who huddle together for months
to concoct a new company name would like the public to think that
effective naming involves secrets revealed only to those who
earned a Ph.D. in linguistics, speak 17 languages or learned
advertising through working their way up the ranks at a
famous-brand agency.

If you turn away from the idea of naming as a black art, however,
you can find some secrets of branding in scientific studies that
have been published after having been reviewed by academic
authorities as reliable. Here are four points on which
researchers have given all of us insights that help guide the
creation of effective business names.

1. Pronounceability matters. A 2009 study by University of
Michigan researchers revealed that if we have difficulty
pronouncing a product name, we consider it risky. This builds on
a 2006 study from Princeton University psychologists who
discovered that people shied away from buying newly offered
stocks from companies with hard-to-pronounce names and
hard-to-say stock ticker symbols, compared to companies with
easier-to-pronounce company names and symbols.

Lesson: Before settling on your final choice of a company name,
score the candidates according to how easy they are to pronounce.
This doesn't mean simply whether or not there are combinations
of sounds that may be unfamiliar to many people, as in the
proposed restaurant name, Hsizienchi, but also whether there are
likely to be uncertainties about how to pronounce something, as
with CafÃ(c) Cachet (is the second word pronounced in the French
style, like "cash-ay," or like "catch-it"?).

2. Vowel sounds have associations. Consumer researchers from the
University of Texas at San Antonio published a fascinating study
in 2007 distinguishing the impressions fostered by two different
sorts of vowel sounds: those made with the tongue forward in the
mouth, such as the short "i" in "milk" and those made with
the tongue farther back in the mouth, such as the broad "a" in
"mall." Internationally, the front vowel sounds convey small,
fast or sharp qualities, while the back vowel sounds convey
large, slow or dull qualities. By a margin of 2 to 1, people in
this study preferred names for knives (sharp) or convertibles
(small) with the front vowel sounds and names for hammers (dull)
or SUVs (large) with the back vowel sounds.

Lesson: If you have something you want to be perceived as cute or
quick, call it Picalilly or Anna's Attic rather than Paula's or
BooKoo Books. On the other hand, if you have something whose
excellence lies in bulk or power, names like Bumball or Under it
All will perform better for you than names like Packadermy or Let
Me At It.

3. Jazzier names spur consumption. Cornell University researchers
who did nothing but change the names of the foods four-year-olds
were served for lunch discovered that snazzy names made a
profound difference. On the days the preschoolers were fed
"carrots," they ate just half as many as they did on the days
the vegetables were called "X-ray Vision Carrots." Researchers
found the same kind of boost, though not quite as much of an
increase, for adults when "Seafood Filet" was billed on the
menu instead as "Succulent Italian Seafood Filet." The adults
also rated the taste of the latter dish more highly than the
taste of the plainly labeled dish.

Lesson: Just as kids become more well-disposed to "Power Peas"
and "Dinosaur Broccoli Trees" than to plain old vegetables,
shoppers find creatively named stores, restaurants, companies and
products more interesting and more worth patronizing or
purchasing than generic ones.

4. Names do influence us. Inc. magazine columnist Norm Brodsky
once wrote, "Your company's name plays little, if any, role in
determining your success." In case you're inclined to agree
with him, consider the study at McMaster University where
researchers presented patients trying to decide on their own
medical treatment with graphical depictions of three treatment
options that were simply labeled as option A, B or C. To the
surprise of the researchers, who were actually studying something
else, when they showed participants the names of the three
treatment options, more than a third changed their choice of
treatment on account of the names.

Lesson: Business names do have an impact, Norm Brodsky. Words,
sounds and spellings influence our decisions. And that's why
it's essential to give our new company a stand-out name that
makes a positive impression. 




---------------------------------------------------------------------
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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