Sunday 2 September 2007

Naming Your Business: 5 Tips for Brainstorming Business Name Ideas

Naming your business well allows you to provide customers with a first impression that distinctively suits your company image. A great business name is compelling, unique and memorable to your customers.

If only brainstorming business name ideas and naming your business wasn't such a daunting task.

If you're trying to name your business, you know exactly what I'm talking about. You may be completely blocked and unable to come up with a single business name idea. Alternatively, you may have a few ideas in mind, but when you look at them critically, you decide they are uninspired and ordinary, they don't suit your company's image, or they are already taken by a competitor.

I've been down that long road. It actually took me three months to name my business. In the process, I found some great resources and strategies for naming your business.

Make Your Thesaurus Your Best Friend



Start with some keywords that are related to your business, and, using a thesaurus, look up similar words. Make a list of these words.

When you are thinking of keywords for brainstorming business names, think about features or descriptions of your product or service, benefits your customers get from your company, characteristics of your target customers and the image you want to portray for your business. What words come to mind? Look them up in your thesaurus and add the results to your list.

Avoid making make too many judgments about the words. At this stage, the more words you have, the better.

Get a good variety of words and different parts of speech (nouns, verbs, adjectives and adverbs). Once you have brainstormed a lot of words, you can try combining words to create your business name. You will have more possible combinations that make sense if you have words from different parts of speech.

If you need more words for your list, take the words that you liked from your thesaurus brainstorming session and look those words up in your thesaurus. Again, make note of any words that you like from this process.

Combine the words from your lists to see if anything works as a possible business name.

Try Specialized Language


Plenty of areas of interest use specialized language to describe specific terms, and a lot of them use intriguing, unique and meaningful words that could help you come up with ideas for good business names.

For example, if you enjoy music or dance or science, you might search for business name inspiration in the specialized language of those subjects. Similarly, you might find inspiration for naming your business in the specialized language used in your own industry.

Mythological Figures


Searching through lists of mythological figures could help you in the task of naming your business. That's how Nike was named. Most mythological figures are known for something specific, so try choosing a particular characteristic that embodies the image you want to portray for your business and search for a mythological figure that represents that characteristic.

Idiomatic Phrases


Idiomatic phrases are figures of speech like 'a babe in arms,' or 'take the plunge'. Try searching online for lists of idioms. You may find something that is a clever fit with your company's products, services or your desired company image. Try to avoid idioms that are too common or clich� when naming your business. Remember, a good business name is uniquely your own and memorable to your customers.

Language Translators


After all of your brainstorming, you might come up with a few words that are potential business names, but for some reason, they are not exactly right for your business. To get variations on those words, try using a free online language translator to translate the words you like. Enter the words into the translator, and see how they are expressed in different languages.

Once you have used several sources for language inspiration, take a look at all of your lists and see if you can combine words from different sources. For example, a word from your thesaurus brainstorming sessions and the name of a mythological figure combined together could be the ideal name for your business.

At this point you should have a list of several possible business name ideas. Within that list, will be your ideal business name.

The time you spend on naming your business will be time well spent. Your ideal business name will help you to communicate to and be remembered by your customers and that can only be good for business.

by:Lisa McGrimmon


Tips for Creating an Information Product

Information products are one of the hottest selling items on the
Internet. And for good reason. Where else can you get timely,
relevant information that is exactly what you want...even at 2 am
in the morning?

The problem with information in books at the bookstore is that
many times it is not specific enough. I don't want to know
everything there is to know about audio engineering, I just want
to know how to record a talk, edit it and burn it to a CD to sell
on my web site. Try finding that at your local Barnes and Noble!
But it is relatively easy to find an ebook about that topic on
the Internet. Even better, a video!



Another problem with buying information at the book store is that
any information is at least one year old. That's how long it
takes to edit a book, send it to a publisher, get it printed and
finally placed on the shelves in your local book store. By
contrast, an ebook or other information product will usually have
the latest, cutting edge info on your topic because they are so
easily updated.

Information products can include anything from ebooks, videos and
special reports to complete home study courses that go "thud"
when the mail man drops it on your customer's front porch. But
information products can also include teleseminars, membership
sites and paid newsletter subscriptions.

Tip 1: Ask your prospective customers what they want.

I know this sounds obvious, but what you think your customers
want and what they really want can be two different things. You
have a lot of knowledge about your topic...that's why you are
creating an information product. But your customers do not have
your level of knowledge and are probably asking different
questions than you are.

So, while you are collecting their first name and email, add a
custom field that asks their biggest question about your topic.
After about 100 email subscribers, you will have a really good
idea what it is they are looking for! And you can use that
information to write your sales letter as well.

Tip 2: Think of the trade your customers are making.

When purchasing your information product, your customer is
trading his dollars for your information. Therefore, make it an
easy trade for him. I will trade $47 for information that makes
me $4700 every day of the week! That is why "how to make money"
ebooks sell so well.

I will also trade $47 for information that saves me 2 days
learning how to do something. That is a no-brainer! I am less
likely to trade $47 for cute stories, recipes or how to sew my
own clothes. Get the picture? Make the trade very easy for your
customer!

Tip 3: Try to include one or more of these angles in any
information product. Will the information in your product:

- make people money?
- save people money?
- save people time?
- save people pain (physical, emotional or financial)?

If you can include one or more of these angles in an information
product, you will have a real winner on your hands!

Tip 4: Break your long ebook into parts.

If you have a 150 page ebook, consider breaking it up into three
50 page ebooks. Everyone likes to get more value and it feels
more satisfying to get three different ebooks rather than one fat
one. It feels like you are getting more for your money.

Tip 5: Add enough bonuses to make the purchase a "no-brainer"!

After you create an information product, go out an find about 5
to 6 related products that you can offer as bonuses. If I am
buying a $47 ebook and you offer me $500 in downloadable bonuses,
it makes the buying decision very easy. I recommend downloadable
bonuses because they are easy to deliver and don't cost you
anything. This is also a good excuse to get their email for your
owner's list - you need their email to deliver their bonuses.

Tip 6: Sell first to those who have already bought from you.

Online business owners are like cows many times. We always think
the grass is greener on the other side of the fence. We are
always looking for NEW customers when our best customers are the
ones that have already demonstrated their loyalty by buying our
product!

We need to ask them what else they want. Another great way to
monetize existing customers is a membership site. So much per
month for access to special info, a monthly conference call or
even a private newsletter. Can you say residual income?

So, start with a niche. Ask that niche what they want. And then
start creating information products that satisfy the itch they
are ALREADY telling you they have. It is a blast and you will
achieve expert status in your niche in no time at all!

by:Stephen Beck