A catchy company name - one that's completely memorable to your target customers - will be a huge asset to your business.
It can keep you at the top of mind for returning shoppers, set you apart from your competition, and make your marketing efforts more effective.
Luckily, there are 4 factors that aid memory and can help you create a name that won't soon be forgotten.
Here's how to create a catchy company name:
Let's look at each of these strategies for creating a name that's memorable in some detail.
People remember things that are a bit offbeat. Business naming expert and author of Brand New Name, Jeremy Miller, says:
An offbeat business name doesn't have to be controversial, but it might be. It may poke fun at something or challenge assumptions.
If you do choose something a bit cheeky when you name your business, be aware - a name that strikes you as clever or pleasingly thought-provoking may come across to others as insulting or rude.
You'll need to be sure you know your target customers well to be confident they will remember your brand for being clever and not insulting. And if your business name might ruffle some feathers, you'll need to be prepared to receive and manage some criticism.
Some business niches are more conservative than others, so some types of businesses will have more latitude than others when it comes to using a unique business name that's a bit offbeat.
For the most part, businesses in creative niches can get away with being more unconventional. If you're naming an art or craft business, you're probably safe to be a bit quirky.
If you want to create a catchy business name that customers will remember, consider something that's fun, funny, or even a bit sassy.
Related: How to Create a Business Name
If you need a catchy company name, concrete words are your best friends.
What are concrete words?
Concrete words refer to real, specific items. They describe things that can be directly experienced through one of the five senses.
Abstract words are the opposite of concrete words. Abstract words refer to things that are more general. They typically describe ideas or concepts, and they do not engage the senses.
When I wrote about characteristics of good business names, I compared the words "unique" and "unicorn" (a word that has come to convey the idea of being wonderfully unique).
"Unique" is an abstract word. It is general. It doesn't engage the senses. "Unique" doesn't conjure up a specific image, smell, sound, taste, or physical feeling (touch).
On the other hand, "unicorn" is a concrete word. It refers to a specific thing and brings to mind a clear visual image. Even though they aren't real, we can all conjure up an image when we encounter the word "unicorn."
Concrete words help you achieve a lot of the characteristics of good and catchy company names by:
Abstract words don't accomplish any of that. That's why abstract words generally don't carry a lot of potential for making a catchy business name, but concrete words can be rich in potential.
We remember new information better when we can connect it to other things we already know.
If you want customers to remember your business name, it's wise to use words and concepts they already understand and will connect with your product or service in some way.
Keep in mind, a name may have meaning to you, but you need to ask yourself whether your customer will grasp that meaning. Obscure symbolism or seldom used jargon may be meaningful to you, but if your customers aren't familiar with your references, they won't be able to make that important connection. Your business name will seem random, and if your business name seems completely random, you run the risk that it will be quickly forgotten.
Choose a company name that links to some element of your niche or an idea that reflects your products, and you'll make your name more memorable.
We already know that familiarity helps make something more memorable. That's one reason business names that are created from invented words can be tricky. After all, if you use a word that's made up, how will that word be familiar and recognizable to customers?
You can make an invented word meaningful and, therefore, more memorable, by using recognizable words, suffixes, and prefixes to create your made up word.
You might be able to buy the domain name for a business name that's made up of a random letter mashup, but you'll be stuck with a completely meaningless name that no one will understand or remember.
Invented words aren't all bad. They can convey meaning if you create your invented word using smaller elements that have meaning.
Keep in mind suffixes and prefixes are not just random letters. They carry meaning, so they give you another opportunity to make your business name meaningful to people.
You might invent a word by starting with a real word and adding a suffix or prefix that's not normally associated with that word. In that case, your business name's meaning will come from the meaning of the root word as well as the suffix or prefix you used.
If you use the suffix "-est" at the end of a made up word, it will signal the meaning "the most."
If you use the prefix "ultra-" at the beginning of a made up word, it will signal the meaning "extremely."
If it's been a while since you've been in English class, and you need some inspiration, check out this list of suffixes and their meanings. The same site also has a helpful list of prefixes and their meanings.
Related: How to Name a Business