Business naming is one of the more difficult things we do. Aside from the creative challenges, there are three major hurdles we have to clear. For every name we present, there are, literally, dozens of candidates that never make the cut. The client never sees any of those.
Ask yourself how your current challenges and objectives align with your long-term vision. Have you lost your way, or are you sticking to your Brand Promise? Is it still meaningful to your customers and prospects? Have you allowed yourself the room to evolve with their needs, or have you boxed yourself in?
Don’t claim to be what you’re not. Embrace what you are, what makes you great and why that should be important to your audience.
Even if you’re selling widgets, there’s something more than you offer that distinguishes your business in a positive way. It’s what your customers truly gain from you that they can’t get from anyone else. This defines your business more than anything.
Never Make Assumptions about Your Audience. That seems like an obvious rule, right? But, we all do it to some degree. It’s human nature. We follow our gut instincts. We proceed without having the data to back up our actions. Remember New Coke?