Naming your business can be a stressful process. You want to choose a name that will last and, if possible, will embody both your values and your company's distinguishing characteristics. One thing that Phillip Davis, the founder of Tungsten Branding, a Brevard, North Carolina-based naming firm, asks entrepreneurs is "do you want to fit in or stand out? It seems straightforward. Who wouldn't want to stand out? But Davis explains that some businesses are so concerned about gaining credibility in their field, often those in financial services or consulting, that they will sacrifice an edgy or attention-getting name.
Larger businesses can also end up with weak names but for a different reason. They "put a lot of money and time into testing a name to make sure that it doesn't offend anyone and that everyone understands it," says Alexandra Watkins, the chief innovation officer of Eat My Words, a San Francisco-based naming company.
The following guide will help you choose a defensible trademark and a search-friendly, recognizable name. How-to Name Your Business: Utilizing Linguistic Tricks As a small business, you're likely willing to be a little bolder in your choice of names.
Here are some ways to turn that instinct into a handle worthy of your brand:. For example, its blog is called The Kitchen Sink. This theme can carry over into its other marketing and verbal branding collateral. Watkins says, "Any time you have to explain your name or apologize for it, you're just Lewis Tree Company your brand.
If you land How To Name A Trading Company good one it can make your name super sticky, but you don't E Cambridge Satchel Company one that's over used or too cutesy.
They ended up calling the company Spoon Me, and the name was such a hit that t-shirts and bumper stickers bearing the brand were flying out the door. When "people are paying you to advertise your brand that's the ultimate in a good name.
Dig Deeper: What's in a Name? It's indisputable that simple domains, particularly single words in the English language, are growing trickier to find, but experts don't all see eye to eye on how to transform your company's name into a search-friendly and memorable domain. For example, Watkins believes that "in the Internet age you don't want a name that's spelled differently than it sounds. People won't be able to find you online and you're also always going to have to spell your name for people.
He also suggests that, "you have to decide whether you want your domain to capture generic search traffic, or whether you want it to be the basis for a [unique] brand. Sadly, the majority of them are already taken either by legitimate companies or by squatters. A phrase such as lightmyfire.
We ran out of numbers, then we went to, Nobody cared and nobody even really noticed. If somebody really wants to find you, they'll find you. Other times, it's simply because the company's initial name didn't have sufficient oomph. But chief executives who find themselves with a feckless name for their business needn't wring their hands.
One common mistake that small business owners in particular are likely to make is naming their business after themselves. There are many upshots to not having an eponymous company name. A name other than your How To Name A Trading Company Yodle Company Profile does a better job of telling your company's story. You also need to be careful not to pigeonhole yourself with your name, which means exercising some foresight 101st Airborne 506th Easy Company how your business might expand.
As an example, Watkins says, "if today you're making belts, but your company might go into making saddles and other things with leather, don't limit yourself to a Zulily Parent Company that only speaks to belts. But this isn't always a good thing, says Davis. If you don't tell people what your company does or what you want the name to evoke, all you can collect are random personal associations.
If you're operating a business in the United States, Canada, or England, it's not necessary to file. You automatically get those rights," says Michael Atkins, a Seattle-based trademark lawyer. So what's the point of federal and state trademark registrations?
Again, it comes down to looking into your business' future. Without filing with your state or the federal government, your rights only extend as far as the geographic scope of your business' operations at any given time.
If you're a local business with plans to go national, investing a few thousand dollars in a federal trademark can save you a lot of trouble down the line.
If you do end up going to court, all jurisdictions apply a multi-part test to assess the likelihood of a consumer confusing two companies' trademarks.
The first test gauges How To Name A Trading Company similarity in sight, sound and meaning, between the two marks, while the second one considers the similarity of the goods or services being sold. Surprisingly, many small businesses simply choose a name without doing substantial research to see if someone else already holds a trademark for it. If you do properly secure the trademark you then hold it for between five and 10 years, depending on your location, before you have to renew it.
Here are the five categories of trademark strength: Fanciful or arbitrary marks - Fanciful marks are completely made up, which means they had no meaning before they were used as trademarks. Examples include Exxon, Xerox, and Kodak. Arbitrary marks - These consist of common English words used in contexts where their How To Name A Trading Company meaning has no relationship to the goods and services they're being applied to.
One example is Apple, which would be "unprotectable as a trademark for fruit but Apple in association with computers is a very strong trademark because apples have nothing to do with computers," Atkins explains. Suggestive marks - These indirectly refer to the goods and services that they are associated with and require some imagination on the part of the consumer.
This reference or secondary meaning strengthens the mark. Examples include Greyhound, meant to suggest speed, and Chicken of the Sea, which makes a comparison in consumers minds between tuna fish and chicken. Descriptive marks - These marks describe the goods and services they are being used to market. Though they are initially weak, these marks can be registered if you can show that consumers associate them with only one company.
This typically occurs after widespread advertising for a period of at least five years. Generic marks - These marks are not protectable at all because they describe a whole group of goods or services, which makes it impossible to distinguish one product within the group from another. For example, if you tried to sell televisions under a brand called TV, or chairs under a Chair brand, a the judge would kick your case to the curb pretty quickly.
How-to Name Your Business: Taking Legal Action It's like a punch in the gut for a business owner when you come across another business that's been using a trademark similar to your own and potentially trading on your good name.
But there are a few simple steps you can take to get the situation sorted out. However, before you do that you'll want to double and triple check your research to make sure you're the first user of the mark. Even if you do get entangled, the good news is that about two thirds of the time, these disputes can be settled out of court, says Atkins. Michael Atkins is a Seattle-based trademark lawyer.
Eat My Words is San Francisco-based naming company that offers businesses a simple quiz to see whether or not their name sucks. The Name Inspector is a blog about company and product names authored by Christopher Johnson, a Seattle-based linguist and verbal branding consultant.
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Guides and Reviews. Entrepreneurs often angst over the perfect name for their business. This guide will help you choose a defensible trademark and a search-friendly, recognizable name.
Four steps to naming your trading company #1) Brainstorm your name ideas. Start by brainstorming what words could fit into your business name. #2) Shortlist your ideas. Once you’ve developed a list of possible names,... #3) Get some feedback. You’ll now have a list of 3-6 great trading company ...Author: Rachel Birchwood…
Sep 19, 2019 · Now you are able to create a name for your business. Follow those 5 steps and get a better, unique, creative and Catchy name for trading business. Firstly, What Kind of name Suitable for Your Trading company. Secondly, Choose your Brand Archetypes. Brainstorming; Magical Secret to get 1000+ Trading Company name ideas. Last but Important, Finalize your name and test your name.…
Naming your Trading Company Business. We asked four of our branding experts to come up with ideas for Trading Company business names. You’ll find their suggestions below, try our Trading Company business name generator to help find more ideas.…
Pick the perfect name for your trading company. Generate name ideas, check availability, hold name contests.…
Feb 12, 2019 · Choosing a company name, trading name or trade mark Company names and trade mark law. If you’re incorporating a company simply to protect the name... Trading names. You can also trade using a different name to your registered name. Registering a trade mark. A trade mark can be more than just a ...…
May 23, 2016 · It can be a completely different name from the company that owns the business. The trading name is not a legal entity on its own. When you buy a business, generally you will want to buy the trading name because of the goodwill and customer recognition associated with that name. Trading names are generally sold with a business as part of the “intangible assets” along with things like ……
Sep 27, 2018 · In the same way that you cannot register a company name with the same name as a company that is already registered, you cannot register one company name (which is completely different) then use a trading name which is the same as a already registered (and trading) company name.…
Mar 21, 2017 · The trade name is the name the public sees, like on signs and the internet. Your business name and trading name can be different. A trade name does not need to include LLC, Corp, or other legal endings used for your tax entity. For example, McDonald’s is a trade name. The company’s legal business name is McDonald’s Corporation.…
Nov 03, 2007 · Though your company's name should appeal to ask many people as possible, it shouldn't be so general that customers have no idea what kind of business you have or what service it represents. The name should signal the value, expertise, and uniqueness of your business, so it has to be specific while not constraining you.68%(22)…