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A recently understood segment of marketing is the immense power behind the product category. Often, many businesses build their entire marketing strategy around a particular brand and its better qualities within a currently known product category, only to have it all go down the drain in the end.
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Brain-Burning Brand Names Boost Business
And it’s something you mustn’t ignore.
Why? Because choosing a name for your business or product, even your domain name, is often the single, most important business decision you’ll ever make.
To that end, let me share with you some naming tips. In my experience, I have five characteristics of great brand names, which I call the five “S’s.” I encourage you to follow when trying to come up with a solid, long-lasting, and highly profitable name.
For starters, let me point out that the best names are relatively short, easy to pronounce, and easy to remember. They have considerable mnemonic value.
And mnemonic value often translates into financial value.
A mnemonic is a device — such as a word, symbol, or sound — intended to assist in recall. If a name carries some mnemonic value, it will increase traffic, sales, and value to your business on its own. The more mnemonic a name is, the more valuable it is.
There are various reasons for this.
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