Yikes! According to research agency AcuPoll, up to 95% of new products introduced each year fail. If you want to be one of the smart 5% who succeeds, you can greatly increase your chances if you have a highly likeable product name. If you have a breakthrough product, you need a breakthrough product name.
The best product names are simple and conceptual. Like the names we create at Eat My Words: a travel make-up kit named Dash; an all-natural energy drink named Bloom; and a gourmet dips for kids named Monkey Dunks.
Here are some additional tips on how to name a product.
- Evoke a positive brand experience with a name that makes a powerful emotional connection. What do you want your customer to feel when they experience your product? Let that drive your product name. Sugary beverages have this down. Jolt Cola. Mountain Dew. Red Bull. The fragrance industry also lures us in with enticing names … Beautiful, Fierce, Bombshell, Envy, Passion, Fahrenheit.
- Avoid acronyms. FYI, people have ADD. You can only expect them to remember one name – not two. Brand your product with a full name and let the acronym be something you use internally. World of Warcraft is a great name – WOW is a bonus acronym that works really well, but not nearly as powerful as the name is spelled out. They were smart to use the full name to brand the products.
- Name your product before you name your company. If you are launching a single product and have yet to name your product or your company, name your product first. You can only expect consumers to remember one name – so make it the name of thing they are actually buying. That’s what you want them to ask for (or Google) by name.
- Make sure your product names work as a family. Roomba was the initial product from iRobot. They thought they were onto something when they named their next product, a wet vac, Scooba. Then they were stuck. They ran out of “ba” names. How do their next two robots Verro (pools) and Looj (gutters) fit in? They don’t. Apple had the foresight to name their operating systems related names – even years before they were launched. Tiger, Panther, Jaguar, Leopard, Snow Leopard – they all are part of a family, which makes them easy to identify and remember.
For more practical tips on naming your product and a free name evaluation, take our SMILE and SCRATCH Test, which is based on our philosophy that a name should make you smile, instead of scratch your head.
Product Naming Services
At Eat My Words, we name products every day and we’re obviously very good at it. If you’re losing sleep at night trying to do it yourself, we’d love to help you. Give us a shout at (415) 552-7741 or email info@eatmywords.com.