Collaboration is great.
Collaboration is great.

Alright. You’ve got the perfect idea for an online business. You’ve written a plan, wrangled investors, and worked countless hours preparing. You are almost ready to bring your baby to the world. All you need now is a domain name; one that will catch peoples attention and allow people to recognize and remember your site. After all, would you remember Superman without his awesome name and the giant S on his chest? Probably not. Having a great name is practically essential to getting and staying on customers radar.

When there are infinite possibilities for your new brand, the one thing you do not want to do is choose a name that goes unnoticed among a sea of similar names. A lot is riding on your name: your company's uniqueness among competitors is very much linked to the name you choose, and showing creativity with your brand will help your customers build a long-term relationship with your business. A good brand name will last a lifetime, and grow with your company even if your business evolves or changes course.

You picked a name, you launched your company, sales are flying...and you get a letter via certified mail that states your name violates a federal trademark, and that you must immediately cease use, transfer the domain, and pay damages equal to all profits that you have made. Think it can't happen? It's a nightmare that can be easily avoided.

You've launched your site. Your first customers loved it...but growth has slowed. Wait...what?! Why?! Well, you've seriously disabled your word of mouth when you create a brand that people cannot pronounce correctly. It's one thing if your brand is Cartier or Louis Vuitton (those brands probably don’t even want you if you can't pronounce their names). But you want everyone (and their mother) to come use your site, so you need to make it as easy as possible for them to tell other people about it.