A Beginner’s Guide to Choosing and Registering the Perfect Business Name
A business name can make or break your company. It’s the first thing people see on your website, social media and marketing materials. It’s also what people will remember you by.
It’s important to take the time to find the perfect name for your business. Use the tips and tricks below to help you get started.
Understand Your Market
A business name is an important marketing tool that can help you stand out from competitors and establish trust in potential customers. A good business name should be easy to remember and describe what your business does.
It’s also important to consider the future of your business when choosing a business name. Will your business expand to other services or locations in the future? If so, choose a name that can easily be expanded into these new areas.
To get a clear picture of your market’s context, you must regularly scan a wide range of factors. These include demographic trends, technology trends, rules and regulations, the economic climate (i.e., loan rates, consumer demand), your competitors, and uncertainties.
Once you’ve got a few names you like, run them by friends and family. They can help you refine the final choice to something perfect for your business. Ask people to rank the names on how well they fit and describe your business. This will give you a more objective perspective on the names.
Think About Your Product or Service
The name of a business is one of the first things that potential customers will learn about it. Choosing the right business name can help you build trust, attract investors, and create the image you want for your company.
When choosing a business name, think about your product or service. A great way to do this is to ask yourself what quality or feature you want your brand to be known for. For example, if you’re starting an online bookstore, you may want to choose a name like “OnlineBooks” to
Once you’ve brainstormed some possible names, do a web search to see whether they are already used as trademarks or domain names. Also, make sure to choose a name when you register your business name for all versions of it – this will protect your company’s presence on the Internet.
While a unique or quirky business name can be interesting, it’s important to remember that the more complicated a business name is, the harder it will be for people to remember and find. In addition, a long or difficult-to-spell business name can also make it difficult for people to spell and pronounce.
Think About Your Brand
Your business name is a statement about the kind of commercial operation you’re running. It tells customers about your products or services and helps establish brand recognition over time.
When brainstorming names, pick one that’s easy to pronounce and spell. It will be harder for customers to remember a complicated or difficult-to-spell business name, and it will be more frustrating for them to find your company online or in the phone book.
Metaphorical or acronym names are both good options. They’re creative and can add some intrigue to your business name. However, they can also confuse some customers and may require an explanation.
Make sure the business name you choose is flexible for future growth. If you plan on expanding your business into adjacent industries, consider choosing a generic name instead of one that refers to a particular product or service. This will give you more flexibility to change your business as needed.
Check with the U.S. Patent and Trademark Office
Choosing a business name that’s both catchy and conveys the right message can be challenging. Many businesses have failed due to a bad name, so getting it right the first time is crucial.
To help make sure you choose the perfect name for your business, consider hosting a brainstorming session with multiple team members to generate ideas and develop as many names as possible. It’s also important to check if your preferred business name is available for registration and whether it is trademarked by someone else.
The best way to do this is by searching the U.S. Patent and Trademark Office’s database, called the TESS system. Remember that the trademark registration process can take up to 18 months. Therefore, it’s critical to check the status of your application frequently.
Lastly, it’s also important to test your business name with different people and see how they react and pronounce it. This is especially true if you’re using an unusual spelling that may confuse customers. A simple, easy-to-pronounce business name is also easier for clients to remember and type into their search engine.
Check with Your State
If you find a name that evokes the image you want for your business and meets trademark requirements, it’s worth checking with your state to see whether anyone has already filed to register it as their official entity name. If they haven’t, you can reserve the name while your business gets established.
Your state will also likely have rules about using certain words or phrases in your business name, as well as how to distinguish it from your company’s legal name (your own full legal name). In some cases, you’ll need to add identifiers such as “corp.” or “inc.” after your business name to ensure that you’re not infringing on another person’s trademark or violating state law.
Selecting the right business name is a big decision that can be very important to your business’s success. If you take the time to list out all of your creative ideas, conduct a trademark search, and follow your state’s rules, you can be confident that the perfect name for your new business is waiting for you.