DomainNoob.com

Attention Startups!

For a fraction of what you’d pay one of the established branding firms I am happy to help you name your company.
Best part is it won’t cost you anything if you don’t like the name!
Here’s how it works…
I interview you about your business and the sort of names you like.
I research and brainstorm.
I purchase three available domains I feel best suited to your company.
If I’ve found something you like, you’re happy to pay me my $1000 consulting fee. You get the domain.
If I’ve not found anything you like, we part ways and it didn’t cost you a dime.
That simple.
Email me now to set up a telephone consultation.

Mixergy’s Andrew Warner recently interviewed Blank-Label.com‘s co-founder Danny Wong. This clip discusses Danny’s frustration with trying to acquire the domain BlankLabel.com
Full interview with video and transcription can be found at Mixergy. [Note: Danny was Skyping in from China so the audio clip is a little funky.]

Danny calls the owner of BlankLabel.com both a ‘squatter’ and an investor. Using the real estate analogy, a squatter would be someone living in a house someone else actually owns. The person who owned the house might be a ‘slum lord’ but nevertheless, anyone can see he’s holding the property as an investment.  So sure, in my opinion, the guy who registers Gooogle.com would be a squatter- looking to profit from someone else’s property, but the guy who owns BlankLabel.com (and 29,000 other dot coms) is an investor. The problem seems to be that when people’s passions around building a business are involved, they lose sight of the fact that domain names are simply another product a market grew up around. That some domains are available at registration price somehow allows people to imagine buying the domain they want at that price. Well, you can get a house in Detroit for next to nothing! It might have all the pipes and wiring ripped out, but the city is giving them away in hopes people will move in. That doesn’t make anyone think the house in Beverly Hills should be free does it?

(Click the arrow to hear the clip) Is a Hyphen Worth $15k?

PS $15k seems like a lot, but it’s all relative. IMO it would be worth maxing out a few credit cards or doing another round of friends and family to get the domain.

Mark Suster is a 2x entrepreneur turned Venture Capitalist. He joined GRP Partners in 2007 as a General Partner after selling his company to Salesforce.com. He focuses on early-stage technology companies. He is also the host of This Week In Venture Capital, a new show on Jason Calacanis’s ThisWeekIn.com network of web shows. In the chat room recently I had the opportunity to post a question both he and his guest, fellow VC, David Travers spent a few minutes answering.

(Click arrow to play audio clip) Naming your company.

1. Choose a name that doesn’t box you into a corner. (i.e. As a startup your focus may change over time.)
2. Make sure your website matches your company name.
3. Is your name pronounceable in other languages.
4. Don’t pick a name that sounds like bunch of other companies, ie. don’t use the word ‘blue’ or ‘labs’ or ’360′. (Or a word that ends with ‘ly’)
5. It does take some capital but for $10-15k (a lot of money for company with no funding, but once you’ve raised a little bit of seed capital) you can get a reasonable name.
6. The money you save marketing an easy to remember name will more than make up for the $10-15k you spend to buy the name.
7, If you’re using the hyphenated or the not exact match domain, expecting to purchase the parked version you really want later on, remember that the price will be correlated to your success.
8. You can make a deal with the domain owner… $5k plus 2% of the company.  Or a payment stream tied to success with installments towards an agreed upon price in the future. If you don’t pay the agreed upon amount by a certain time, the domain remains the sellers. Get creative.

Especially interesting to me is the idea of not naming your company too tightly around the focus of your initial startup intentions. I really like a name that is a close fit with a company’s product or service. It makes marketing easier and less expensive. Also it’s been shown that online ad campaigns are much more effective when the company/url matches what the person was searching for. Mark uses the example of a company he’s working with who purchased Bedrock.com. They also discuss the name WildFire.com. These are great names with obvious metaphoric significance that lend themselves to branding but also leave enough room for the company to shift focus if need be.

Salon has a super-interesting article on the business of naming companies. It’s long and detailed with lots of quotes from main players in the industry. It’s a huge industry and people are charging a lot of money to help companies find that just right name for their business. At the end of the day they’re going to need a url.  You can find the article here: The Name Game by Ruth Shalit, but I want to share a few quotes to whet your appetite.

…eventually cost the client more than $1 million and involve up to 40 Landor executives around the globe. The first step was to interview key executives at the massive new entity, then known only by its code name of NewCo. After four months of this sort of intensive brand therapy, the group settled upon the only name capable of conveying such protean emotions — “Agilent.”

“The most namby-pamby, phonetically weak, light-in-its-shoes name in the entire history of naming,” declared Rick Bragdon, president of the naming firm Idiom. “It’s like a parody of a Landor name. It’s insipid. It’s ineptly rendered … It ought to be taken out back and shot.

“Steve Manning of A Hundred Monkeys, a San Francisco naming firm, was also appalled. “What a crummy name,” he says. “It sounds like a committee name. ‘Who’s your competition?’ ‘Lucent.’ ‘Well, we want to play off Lucent — only we’re agile. I mean, if you wanted a name like that, I could come up with that kind of name in about four seconds.”

Hey, those guys sound like they’ve been hanging out on the domain forums!
The Idiom url is actually idiomnaming.com! Idiom branding examples here: http://www.idiomnaming.com/credentials.html. A domainer at heart? Look where their hompage Idiom Naming Survey takes you: http://www.hugedomains.com HugeDomains.com, there’s a name for you. But where’s the survey?
A Hundred Monkeys at least owns their own domain and I do like a lot of these product names. A lot of their brand names leave everything up to the imagination, as far as what the company does, but as I’m beginning to understand, that’s often considered not a bad thing. I will definitely be checking out their website further. I want to know what people pay $65k for, and that’s before the domain name! (Well a few of the companies I checked had the domain name, but most were parked! What is this telling me?)

“I used to work by writing names on individual pieces of paper and sticking them up on the wall,” says Steve Manning of A Hundred Monkeys. “I don’t do that anymore.” The reason? “People were walking around the room with cameras, taking pictures of my names,” Manning says blearily. “It got a little creepy. I mean, this is Silicon Valley. People move around a lot … If they liked one of my names, they might be drawn to register it as a URL. And that would be very bad. Because, you know, I own those names.”

The monkeys don’t come cheap. “We charge $65,000 per name,” says Altman. “But we work with you for a month. And for that month, we are basically yours. It’s actually a much lower price point than many of our competitors.”

Consider Luxon Cara’s $70,000 “identity program” for US Air. The airline “wanted to be repositioned and perceived as a major U.S. airline…
“No, no,” Lagow says. “It’s been changed to US Airways.” “That’s it?” I asked.

If $70,000 seems like a hefty price for a word fragment, consider the chutzpah of Ira Bachrach. Several years ago, he charged Infiniti $75,000 for a single letter. Or, to be fair, two letters…
One model became the Infiniti J30, another the Q45.

Great article. I’m keeping a copy of it on my computer for the next time someone starts arguing about a $xxx price for what I know is a great domain name.

Homework:
From Inc, 1984! Name-Calling Feature on Ira Bachrach and Name Lab.
How Did The Blackberry Get Its Name Feature on Lexicon (url Lexicon-Branding.com A hyphen! They do own the non-hyphenated).
From Wired: How do they come up with names like Pentium and AirTouch?

See also:
The Name Inspector
The Naming Group
Good Domain Names Grow Scarce Inc. Magazine