PEPSICO - America's Busiest Copywriter Reveals His Secrets for High-Impact enterprise (and Product) Names
Hi friends. Now, I found out about PEPSICO - America's Busiest Copywriter Reveals His Secrets for High-Impact enterprise (and Product) Names. Which is very helpful in my experience therefore you. America's Busiest Copywriter Reveals His Secrets for High-Impact enterprise (and Product) NamesThis may seem inescapable to the veteran marketer, but you'd be surprised at the estimate of company owners who disregard the name of their company as a marketing tool. A company name that is short, easy to remember, easy to spell, graphic of your business, and capable of drawing attention, will always win out over an otherwise boring, generic name. In fact, the name of your company could surely be worth millions to you, or it could surely mean inescapable failure.
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There surely are no rules with regard to company names when it comes to marketing. It's merely a matter of deciding what you want your name to accomplish. Here are some normal guidelines that will help you rule on a name that works best for you, your product or service, and what you hope to achieve:
1. Contrary to popular belief, your company name does not need to be cute or clever to be remembered. International company Machines is neither cute nor clever. Neither are names like normal Electric, normal Motors, Applied Materials, Cisco Systems, et al.
2. If your company is based on a single product, like a beverage, for instance, it s okay to make it the same as your product or tie it in to it for the sake of branding Coca-Cola, PepsiCo or Snapple. This can, in fact, double the impact of your marketing. When people talk about your company, they will, in effect, be talking about your product and vice versa.
3. Don't give your company a name that may limit time to come expansion, unless you have no intention of ever expanding. For example, Tony s Totally Cool T-shirts may have a hard time increasing into shoe sales or club wear. Tony s Totally Cool Fashions might be a best choice. Tony s Emporium, however, could sell Anything, if T-shirts and clothing don t work out.
4. If you have no intention of expanding, pick a name that describes your traditional company and maybe even conveys a benefit. Jiffy Lube, Express Car Wash and rapid Mortgage all come to mind.
5. Avoid trendy names. When the trend dies out, so will your business. Think of all the Low-Carb shop that are opportunity up. If the Low-Carb diet craze proves to be a fad, there will be a lot of unhappy company owners.
6. Be aware of the geographical consequences of your name. National Real Estate says one thing, Florida Real Estate another, Miami Real Estate yet another. If you plan to sell real estate throughout Florida, Miami Real Estate is quite limiting. And Florida Real Estate is quite limiting if you re trying to sell real estate in the other 49 states.
7. Try to transport your identity in your name. Quality Roofing says a lot more than Bob s Roofing; Johnson International fascinating says much more than Johnson fascinating Company; and Smith Tax Services says a whale of a lot more than Smith & Associates.
8. How will your name sound over the phone? Will people know how to assert it? Is it easy to read? Is your company name "ear-friendly?"
9. If you ll be using the Yellow Pages or other directories as your traditional source of marketing, consider names that will get you listed first in your category, like Aardvark Lawn Care or Aaron Rentals.
10. Stay away from names with negative connotations. Murder Incorporated comes to mind. The trick is to attract customers not scare them away. Also stay away from names that might imply anyone racial, religious, political, or sexual. The Dirty BookStore may sell old, used, ancient and rare books, but to me it sounds like an adult bookstore. Chances are you won t find many families or churchgoers shopping there. A best name might be The Dusty BookStore to me, that says old books. None of these guidelines are etched in stone. The idea is to consider what Exactly you plan to do with your company name, Or what you want it to accomplish, and generate your name around your objectives. Any name can be memorable and brandable, in case,granted the product or service is there to back it up. There are lots of great names out there, and lots of horrible ones.
If you re a product-driven company - selling your own brand of products - the names of your products may carry more weight than the name of your business, in which case your company name isn't as big of a concern. Consolidate instead on applying what we discuss to the names of your products.
On the other hand, you're a company that offers many different types of products, or sells other peoples' products, or offers a single service or set of services, then your company name is more important. And even more so if the bulk of your customers are local, or come from places like the Yellow Pages or newspaper and classified ads - the types of advertisements where your company name has the most impact. (Just think of all the local businesses you have discovered in your local paper and phone book.)
Some company names, like Apple, advise a logo. Other names, like Exxon advise nothing at all. Some names sound more credible, like National Finance Corporation or Barclays Bank, and other less credible. I won't mention any names.
Before you rule on a name, have a lawyer preferably one specializing in trademarks do a crusade to make sure you re not infringing on anyone s trademarks. You don t want to have to convert it once every person knows it. When all else fails, you can always use your own name and never have to worry about infringement. Unless your name happens to be Elvis Presley!
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