There was a time, when businesses names were simply picked out of a hat, literally,
and at times very successfully. Later, the complexity of the marketplace boosted
the name lists to such huge quantities that they had to use larger drums, truly.
This is how most business names came about, and on that note, there are hundreds
of articles relating to their grand successes and mega failures. Today’s biggest
question of image expansion is not how and where you got your name from, but
rather if it is still producing orchestrated music by ringing cash registers
or making choking noises. Let’s be honest, is your name identity shooting straight
like an arrow or is it a dead horse being dragged by creative teams? Here are
Name Evaluation Challenges
The rapid invention of global cyber branding, social and mobile media compounded
by new gTLD platforms from ICANN has made the ‘name evaluation report’ the most
powerful play of rational argument during any image expansion strategy in any
organization in the world. To name a few trends, the most common challenge is
when the combination of two words compressed into a single name shoots an entirely
different meaning and no longer projects the original double barrel theme.
When several words are forced into creating one highly condensed telescoped name,
this only creates a monstrosity only understood by its creators but not the public
at large. Management stays convinced of combining words into one while the customer
has no idea of the creative force behind and sees the oddity through an entirely
different lens. If your name is emulating multiple perceptions it will also cut
your sales and profits in equal multiples.
Organizations are also simply not aware that an extra letter added or chopped
off from their name may have already shifted the force of the desired message
into some unknown confused meaning and turning customers off.
Organizations only see their name identity always surrounded by a full blown
graphic package. But in reality, most names came across naked and stripped of
all the fancy dressage, they pop-up either in conversations or on the internet
where they look and sound very different in the rhythm of the language and so
often lose their desired meaning and perceptions.
Higher costs of customer acquisition are forcing businesses to discover both
the obvious and the hidden messages in styles and mixed personalities embedded
in the alpha-structures of their names. After all when a name is supposed to
act as an important umbrella it must clearly project, attract and sell, otherwise
names become the destroyer of good projects. Start ups, always use up most of
their initial funding in an aggressive launch but get shocked when their name
identity fails to connect with potential buyers.
When an international mandate erupts into foreign sounding names, by desire or
by accident, depending on the markets and goals the name expansion so often becomes
a major embarrassment. Organizations, using single or dozens of names must streamline
their portfolio based on sound analysis. Are there too few or too many names,
are they helping or destroying each other’s turf?
Name Evaluation Benefits
If business expansion and image visibility is your goal than you have be very
bold to face the real name evaluation. As a name evaluation report will answer
what secret messages of love, hate or profanity is your name identity emulating?
Therefore, always drive your campaigns based on the true profile and with full
awareness of hidden meanings of your name. Or else, your campaigns are a shot
in the dark.
You obviously started out by selecting the best name with the best intentions
and it may have worked wonders in the past, but with intense shifting trends,
the best of the best names lose their power. Meanings are washed aside by new
perceptions, new values and trends under the impact of new technologies. Without
a solid name identity, you have no real brand. Without a far reaching cyber-presence
you may be out of e-commerce dynamics. Without absolute 100% name ownership,
you are not in the image building game on a grand scale. You must attempt to
have all such uncertainties fully resolved.
List all the names currently in use and measure all the direct and indirect marketing
and adverting costs as you begin an internal audit to address your naming architecture.
Open a bold discussion and seek out non-biased professional name evaluation with
authoritative analysis and solid recommendations. Do not confuse this with a
typical re-branding exercise as this one is all about the black and white issues
of global corporate nomenclature and not the logos and graphics.
Advertising and branding services can introduce such name evaluation reports
to their clients and energize their image strategy based on factual and third
party evaluations. The more the clients know about their name problems the more
they would be open to embrace changes on the corporate image front.
These power play name evaluation reports clarify lingering opinions or emotionally
charged colloquial expressions stemming from historical attachments. These issues
often prohibit the corporate culture from constructive and logical discussion
about the core of the naming problems and their impact on image expansion plans.
After all name evaluation report places the teams on the right track and provides
that high level rational required for solid decisions therefore the sooner you
know the real truth behind your business names the better.