Posts Tagged ‘registering business names’

Tips For Choosing A New Business Name

right_business1Whether it is a new business you are starting from scratch or an extension you are seeking to make an existing business, one thing you will need for it is a proper business name. Many of us, when considering setting up a business, work hard on all other details but the name of the business. With so many business names available, we reason, choosing a business name will be a breeze. Those who struggle with business names, we further reason within our minds, are those who are simply not creative.

It is not until we get to the actual selection of a name for a business that we encounter real hurdles – and a reality check to let us know that the people who struggle with a business name choice are not necessarily those whose creative faculties are challenged. This first becomes obvious when it is clarified to us that our business name will have to be unique – or otherwise we run the risk of being sued for infringing on other people’s trademarks. And while this is usually common knowledge that we might have even before we go looking for a business name, the real problem rears up when we realize that almost every possible business name has already been registered. As it turns out, there are people who are wholly in the business of registering business names they know someone will come to need at some point in the future, hoarding such names, and then later putting them up for sale when someone in need of the same name shows up later.

So how is one to go about looking for a business name?

Firstly, you need to get rid of the idea that you have to go for the most obvious names. In fact, you can choose a name that doesn’t make any sense to anyone – and create buzz around it to an extent that the name comes to associated with whatever you are using it to sell. Look at people like Yahoo. These guys chose a name that cannot be associated with mail in any way, something that would have seemed a non-starter name, and created a buzz around it to an extend that the name Yahoo today rings a bell in everyone’s mind, and where everyone who hears about Yahoo remembers their e-mail inbox. And don’t argue that Yahoo had a lot of resources to create a buzz around the name. They didn’t when they started.

If you are choosing a name for an online business, it is advisable for you to go looking for a name for which you can find an unoccupied (unregistered) domain for. But then again, this is not written in stone and if you find a good name but can’t find an unregistered domain for it, you can always opt for another name, with a nonsensical domain if need be, and then create a buzz around it.

Of course, it helps for you to choose a business name that can withstand the test of time – rather than one based on a current fad that will fade once the fad is over. A business name that is easy to remember as well as a business name that can be easily associated with whatever you are doing (if you can get your hands on one) can also do you a lot of good.

Posted by on April 21st, 2009 No Comments