What’s in a Name?

Posted on 28. Nov, 2007 by Jay OHare in Experience, Marketing

In 1996 two guys had an internet search company called “Backrub.” They soon renamed it to Google.

In 1893, a young pharmacist created a drink that bore his name: “Brad’s Drink” In 1898, Brad’s Drink was renamed “Pepsi-Cola”, and what would become the world’s most recognized “number 2″ brand was born.

Naming your company, organization, development, etc, is the single most important marketing decision you can make. It sets a first impression that can’t be erased.

The best part of naming your company is that it’s FREE (and probably be the only free bit of marketing you’ll ever do).

700 is a big number. When I first heard about “Steamboat 700″ I thought “big.” Something didn’t fit – “Steamboat Big.” The only thing we really want to be “big” in Steamboat Springs is snow.

So the mistake, in my opinion, that Steamboat 700 made was using a big number in their name. Every newspaper article, filing, discussion, presentation, interview, conversation & blog post now includes that big number. I’m not at all questioning the merit of the proposed development. Danny seems nice enough and they’re intentions might add much needed resources to our community. But that number focuses our attention on the size instead of the merit.

A bit more thought up front about the name would have served them well. They have a critical time ahead and need to have the community on their side. For better or worse, community perception can make or break a deal. Just calling it what it is may have been simply the easy thing to do; 700 acres in Steamboat = Steamboat 700. But marketers need to realize that

my perception is my reality.

So the best thing you can do is set the right perception from the beginning. A good, free company name can do just that.

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