When it comes to naming & branding insights, the news media frequently plugs into Tungsten to discover what’s current. Here’s what hot off “the wire.”
Bloomberg BusinessWeek — The Twitter Effect, The Struggle to create the perfectly weird company name — October 21, 2010
By Eric Spitznagel
(excerpt) “Perfecting a name in the Digital Age, according to Tungsten’s Davis, is both art and science. His most famous invention is PODS, short for Portable On-Demand Storage. The moving and storage company’s original name was Portables, but Davis thought it “sounded too much like a toilet.” A name like PODS, he says, creates a feeling of “what, tell me more” instead of “huh, I don’t get it. The biggest mistake among amateur name creators, Davis believes, is overanalyzing the language. Amateurs can become too focused on the linguistics and the number of vowels and consonants. “They’re so grammatically focused that they miss the bigger picture,” he says. “They forget that there’s got to be a story connected to it. Other people get the story, but the word is so clunky that nobody cares about the story. They’ll be like, ‘In Latin, this word means the god of business.’ Well, yeah, but it’s got 16 syllables and five x’s and three z’s.”
Inc.com — 10 Things to Do Before You Start Your Start-up — August 17, 2010
by Inc. staff
(excerpt) “One thing that Phillip Davis, the founder of Tungsten Branding, a Brevard, NC-based naming firm, asks entrepreneurs is “do you want to fit in or stand out?” It seems straightforward. Who wouldn’t want to stand out? But Davis explains that some businesses are so concerned about gaining credibility in their field, often those in financial services or consulting, that they will sacrifice an edgy or attention-getting name. “However, in the majority of cases, clients want to stand out and that’s a better approach when looking at your long-term goals. Even the companies that say ‘I just want to get my foot in the door’ will usually begin wishing that they stood out more once they pass that first hurdle.”
Inc.com — How to Choose the Best Name for Your Business — June 23, 2010
by Josh Spiro
(excerpt) Davis adds, “When people are starting off at first, they’re so eager to get to market, to get traction, that they tend to go towards very literal, descriptive, functional names and those names end up pigeonholing them.” He even goes so far as to say that pigeonholing names are the reason why companies like Best Buy have outstripped competitors such as RadioShack and CompUSA.
Since companies tend to rebrand later in their life cycles, they often have more money than when they were first starting out. As a result, they can solicit more outside opinion in the process of choosing their names. But this isn’t always a good thing, says Davis.
“I see a lot of names get shot down that are good brand names because [companies] don’t provide context when they’re floating the name out to people,” says Davis. If you don’t tell people what your company does or what you want the name to evoke, all you can collect are random personal associations.”
AllBusiness.com, (a D&B Company,) Choosing the Right Name for your Franchise — March 10, 2010
By Sara Wilson
(excerpt) Phil Davis, president and owner of Tungsten Branding, a company-naming consultancy, agrees, saying, “Next to start-up capital, a great brand name is one of the most valuable assets a start-up franchise can possess.” So what are the elements that make up a winning franchise name? “Great brand names are typically memorable, engaging, and easy to both say and spell,” says Davis. “They also tend to be evocative versus descriptive.”
The right name will also give your franchise room to grow. “Think of your fledgling franchise as a new plant,” says Davis. “A one-gallon container might be big enough for its needs now, but what about in five years? Many franchisors find they become ‘root bound’ in just a few short years as products, services, and the economy changes.”
Inc.com — The Best (and Worst) Company Names of All Times — January 4, 2009
by Ryan McCarthy
(excerpt) “By using a memorable metaphor, Amazon really helped its brand grow.” says Phillip Davis, the founder of Tungsten Branding in Brevard, N.C. “The name positions the company as a source of abundance and diversity.” (JetBlue) is a descriptive hybrid that conveys the industry and provides a sense of open, blue skies,” Davis says. It also uses the newer ‘jet’ rather than the old-school ‘airline.’” (CompUSA) “The truncated geographic descriptor name limits the company to one category in one country,” Davis says. “If you’re looking for a computer in the U.S., this is your place. But for a DVD player? Who knows?”
Newsday — Small business: forging a strong online brand — September 17th, 2008
By, JAMIE HERZLICH, Newsday
(excerpt) You can also search for pre-owned names at such sites as Afternic.com and BuyDomains.com, says Phillip Davis of Tungsten Branding, a Brevard, N.C.-based name development and brand strategy firm. But keep in mind that these pre-owned names can run in the hundreds to thousands of dollars, adds Davis. It’s less costly finding a domain that hasn’t already been taken, he says. You can then claim it through a domain registration site like GoDaddy.com (for a list of registrars see internic.net/alpha.html). It generally costs anywhere between $7 and $15 annually to register a domain, depending upon the site. Try different word combinations. Obvious picks may be unavailable, but consider a company name with endings like Group Inc., Solutions, Agency or Systems, says Phillip Davis of Tungsten Branding.
Entrepreneur.com — 8 Mistakes to Avoid When Naming Your Business – April 7, 2005
by Phil Davis
(excerpt) “Naming a business is a lot like laying the cornerstone of a building. Once it’s in place, the entire foundation and structure is aligned to that original stone. If it’s off, even just a bit, the rest of the building is off, and the misalignment becomes amplified. So if you have that gnawing sense that choosing a name for your new business is vitally important, you’re right. With 18 years experience in the naming and branding business, I’ve witnessed the good, the bad and the really bad. To help you get off to a good start, read on to discover the top 8 mistakes I’ve found people make when it comes to choosing a name for their business:”
Entrepreneur.com — Crafting Your 15-Second Elevator Speech — May 27th, 2005
by Phil Davis
(excerpt) “Let’s say you’re at a conference, and someone steps in the elevator with you, notices your name tag, and asks, “What do you guys do?” Quick–what’s your answer? You’ve got just 15 seconds before the doors open so you’d better think fast.
For most business owners, getting to the crux of what they really do is the hardest, yet potentially most rewarding, one-minute conversation they’ll ever have. In that shortest of time spans, potential customers, vendors and employees will make a complete assessment of you and your company, deciding then and there if your company, products or services are worth pursuing. Why? Because it’s all the time they have before the doors open–so make it count.”