If you work in advertising or marketing long enough, sooner or later you’ll be asked to come up with a name for a new product, service or company. In the old days, you’d jot down a lot of possible names, select the ones you thought worked the best and do a quick trademark search.
Today, you’d actually start with a URL search and, since all the good URLs are taken, you’d end up with something strange or quirky like PurpleRinoExtreme or WankoMotorCars.
But before the advent of the world wide web and before the necessity of doing a URL search was even a possibility, there was a small group of people who came up with the best company name ever. Those people had the courage to break every naming convention ever developed and to go with “Toys R Us.” It was a risky move, but one that paid off in spades.
There are three things you should ask yourself if and when you develop a new brand name:
1) Is it clear?
2) Is it memorable?
3) Is it different?
It’s worth mentioning that for every “Toys R Us” that meets all three of these criteria, there’s a “Kodak” or an “Amazon” that meets none of them and is still successful. But if you’re a small, unheard of company, you need every advantage you can get. And coming up with a name that’s clear, different and memorable stacks the cards in your favor.
So, with that in mind, take a look at Toys R Us. Is it clear what they do? Well, gosh, yeah sort of. You’ve got to figure that a store named Toys R Us probably doesn’t sell hardware. Is it memorable? Yes, they’ve knocked it out of the park on that one, too. Finally, is it different?
Before we answer that question, we’d like to point out that if a bunch of Harvard MBAs were sitting in a room together analyzing naming options for a new toy store, the first thing they’d do is to throw out anything targeting children that wasn’t grammatically correct. In the unlikely chance that Toys R Us slipped through their prying eyes, they would’ve tested the heck out of it until it got tossed out because middle America didn’t feel comfortable with it.
But whoever was in the room when they decided to go with Toys R Us had the wisdom and the cajones to stick with a name that was so different, so unusual and so irreverent as to not be forgotten by anyone who drove by the retail location and saw the big, colorful “Toys R Us” sign bellowing out for their attention.
So there you have it. There are three key things to consider when you come up with a new name for a product, service or company: Is it clear? Is it memorable? Is it different? The Toys R Us name is so successful on all three of these fronts, that we believe it’s arguably the best company name ever.
What are your thoughts? What other companies should we add to a Top 10 Best Company Names list? We’d love to hear your thoughts.
















Monday, November 10th, 2008, 12:54 pm | 



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