How to Name a New Product

How to Name a New Product

Paul Sloane 08/12/2021
How to Name a New Product

Companies and products are like people.

They have names, personalities and images. Our individual names are chosen for us by our parents. But if we start a company or launch a new product then we get to choose a name. This is not a trivial task. It is worthy of some time and effort. I recently ran a brainstorm workshop for a client with the aim of finding a name for a new product. We took this approach which I would recommend:

1. Assemble a Diverse Team

We had eight people from different parts of the company. If the new product is not secret then you could have a couple of trusted outsiders. As with all brainstorms, diversity in the group is essential to encourage creativity and avoid group-think.

2. Discuss the Product Positioning and Target Market

Who is the audience for the product message? What is the brand promise? What is the value proposition?

3. Agree the Criteria by which the Name will be Chosen

In our case it was a business to business product so the criteria we agreed on were that the name should be professional, short, memorable and available. Note that in general it is not essential for the name to be descriptive of the product or its function – think of Google, Amazon Kindle or Pepsi.

4. Describe What it Does in Two Words

Every delegate had to write down one or two explanations of what the product did in two words – a verb and a noun. So a lawn mower would ‘cut grass’ or ‘neaten garden’ and so on. We shared these and agreed on the most important verbs and nouns. We then listed synonyms for each of the key verbs and nouns. You can easily generate synonyms using the thesaurus function in Microsoft Word. This was our first input list.

5. Describe the Product Features and in particular what makes it Different

We generated a long list and once again added synonyms for the key words. This was our second input list.

6. Describe the Key Benefits that Customers would Gain by using the Product

Again these ideas were expanded using synonyms.

7. Generate Names

Now working silently and individually everyone had to generate 10 possible names using the words on the input lists as starting points and stimulations. Combinations and shortened versions of the input words were common components. This method will probably generate meaningful or indicative words. Think of Head and Shoulders from P&G or of Lastminute.com or Comparethemarket.com. We listed all 80 suggestions on flip charts and put them on the wall.

8. Generate Random Words

Many good names are not meaningful but are abstract and artificial e.g. Oreo, Nivea, Omo, Dettol, Olay. They are generally short and unique (and often start with a vowel.) We used an anagram technique to generate such words. You take a long word or phrase such as Theoretical, Constitution, Cloud Computing or San Francisco and then everyone has to make smaller words using just the letters from the long word or phrase. We also used a dictionary to give us random words that we used as starting points. This gave us another 70 words so we now had a long list of 150 ideas for the new brand name.

9. Select the Short List

Everyone was given time to consider the full long list of words and then they were issued five stickers that they could use to indicate their five selections using the criteria we had agreed at step 3. Ten words got more than one vote with a couple clearly in the lead. These ten became the short list.

10. Check Availability and Suitability

For each word on the short list we checked trademark and domain name availability. This process eliminated about half of them. The others we discussed in depth to consider all connotations of the word. A clear favourite emerged and that became the planned name of the new product.

11. Mull it Over

Over the next few weeks the name was discussed with other members of staff and opinions were sought. It passed the test and the product will be launched later this year.

It is important to approach the workshop with no preconceptions, to generate a large number of options and to have agreed criteria for selecting the best names. This process will almost certainly result in a better choice of name than the CEO or Head of Marketing would come up with on their own. What’s more, because the whole team is involved they will all buy into the name of the product and work together for its success.

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Paul Sloane

Innovation Expert

Paul is a professional keynote conference speaker and expert facilitator on innovation and lateral thinking. He helps companies improve idea generation and creative leadership. His workshops transform innovation leadership skills and generate great ideas for business issues. His recent clients include Airbus, Microsoft, Unilever, Nike, Novartis and Swarovski. He has published 30 books on lateral thinking puzzles, innovation, leadership and problem solving (with over 2 million copies sold). He also acts as link presenter at conferences and facilitator at high level meetings such as a corporate advisory board. He has acted as host or MC at Awards Dinners. Previously, he was CEO of Monactive, VP International of MathSoft and UK MD of Ashton-Tate. He recently launched a series of podcast interviews entitled Insights from Successful People.

   

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