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Corporate Naming tips
for Entrepreneurs




 Barcelona, April 2012
 IGNOVA
How to design the ideal name for your business
Hey wait, what is an ideal name?

Good question. The ideal name is…
   Relevant
   Positive
   Memorable
   Distinctive
   Different
   Powerful
   Witty


                                             IGNOVA – Corporate Naming tips for entrepreneurs   2
How to design the ideal name for your business
The process




 Market         Naming         Creativity                  Implementation
                Strategy
                                                                                           Create
 Analyze your      Identify                       Filtration                            complementary
                                    Name
 competitors     positioning                    through key         Selection               verbal
                                brainstorming
   names                                           criteria                               elements




                                                               IGNOVA – Corporate Naming tips for entrepreneurs   3
Some rules
Before getting into it

Evaluate the real importance of your company’s
name
Think of where your company wants to be in the
long term
Remember that there is no perfect corporate
name, and that no name will be capable to
match every filtration criteria.
You will have to Be flexible…

Let’s go!
                                IGNOVA – Corporate Naming tips for entrepreneurs   4
Some rules
The Basics

First: Do not…
   Be too generic
   Be too descriptive
   Try to be too creative
   Tie your business’ name to a location
   Be ordinary or offensive
   Use numbers
   Use acronyms
   Create spaceless names
   Focus too much on the etymological origin
   Make references about technology (overused)

                                   IGNOVA – Corporate Naming tips for entrepreneurs   5
Some rules
Communication-wise

Try to design an easy-to-remember name (for
your target customers) that…
   Facilitates association to your core business
   Is short
   Is creative
   Is unique
   Is self-explanatory
   Looks good
   Is original

                                IGNOVA – Corporate Naming tips for entrepreneurs   6
Some rules
Internet-wise

Make sure…

 The domain you need is available
 That Google does not have too much
  references on the name you pretend to use
 Nobody else is using it in Social Networks
  such as Twitter or Facebook
 You are not using a Nickname: people in
  Social Networks tend to dislike them


                              IGNOVA – Corporate Naming tips for entrepreneurs   7
Final advice
And now you know the rules…




               BREAK THE RULES




                              IGNOVA – Corporate Naming tips for entrepreneurs   8
Corporate Naming Tips for Entrepreneurs

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Corporate Naming Tips for Entrepreneurs

  • 1. Corporate Naming tips for Entrepreneurs Barcelona, April 2012 IGNOVA
  • 2. How to design the ideal name for your business Hey wait, what is an ideal name? Good question. The ideal name is…  Relevant  Positive  Memorable  Distinctive  Different  Powerful  Witty IGNOVA – Corporate Naming tips for entrepreneurs 2
  • 3. How to design the ideal name for your business The process Market Naming Creativity Implementation Strategy Create Analyze your Identify Filtration complementary Name competitors positioning through key Selection verbal brainstorming names criteria elements IGNOVA – Corporate Naming tips for entrepreneurs 3
  • 4. Some rules Before getting into it Evaluate the real importance of your company’s name Think of where your company wants to be in the long term Remember that there is no perfect corporate name, and that no name will be capable to match every filtration criteria. You will have to Be flexible… Let’s go! IGNOVA – Corporate Naming tips for entrepreneurs 4
  • 5. Some rules The Basics First: Do not…  Be too generic  Be too descriptive  Try to be too creative  Tie your business’ name to a location  Be ordinary or offensive  Use numbers  Use acronyms  Create spaceless names  Focus too much on the etymological origin  Make references about technology (overused) IGNOVA – Corporate Naming tips for entrepreneurs 5
  • 6. Some rules Communication-wise Try to design an easy-to-remember name (for your target customers) that…  Facilitates association to your core business  Is short  Is creative  Is unique  Is self-explanatory  Looks good  Is original IGNOVA – Corporate Naming tips for entrepreneurs 6
  • 7. Some rules Internet-wise Make sure…  The domain you need is available  That Google does not have too much references on the name you pretend to use  Nobody else is using it in Social Networks such as Twitter or Facebook  You are not using a Nickname: people in Social Networks tend to dislike them IGNOVA – Corporate Naming tips for entrepreneurs 7
  • 8. Final advice And now you know the rules… BREAK THE RULES IGNOVA – Corporate Naming tips for entrepreneurs 8