The ultimate startup naming guide (must watch for founders)

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The Startup Ideas Podcast 25 min 1 speaker transcribed
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Greg Isenberg 0:00
Okay, this is going to be a fun one. Today, I just need to get something off my chest. I think that the name of a startup is more important than ever. There's a lot of bad names out there. So I don't want you to be naming your startup something bad. I want you to name it something good. And why does it matter more than ever? it's because you need a name that's going to be scroll stopping so in today's podcast i'm going to just walk you through how i think about names some of my frameworks and if you stick until the end i'll even tell you a few of some names that come from my list that you can have so this is going to be a tutorial on how to name your startup how to come up with a good name
Greg Isenberg 1:10
I believe that there's three types of names. Bad names, good names, and what I call tofu names, which are kind of like mid names. So what I mean by that is it doesn't really stick out. You know, tofu takes on the sauce of whatever is around it. It's kind of bland. So it's kind of a bad name, but it's not, you know, it's not offensive. And I do have a framework for naming. I took this from our membership community empire.co website. And there's three ways where you can actually, you know, I come up with names. So the first thing is I come up with a descriptive name, a phrase, or a funny name. And I'll explain exactly what I mean by each name. So a descriptive name is something like the Instagram account at somewhere I will live.
Greg Isenberg 1:59
So if you go to that Instagram account, and we can put it up on the screen, I think it has millions of users or millions of followers. 838,000 followers. And what does it mean? When I quick follow, what am I getting? Well, I'm getting beautiful photos of somewhere I would live. So this is also a takeaway, which is the name of your startup could be the name of your handle. Um, and you know, or it could not, and you could have a separate process for, uh, coming up with the name of your handle, but having almost a million people, uh, who are interested in somewhere I would live, you can sell them a lot of things. You can sell them real estate, you can sell them furniture, interior design services.
Greg Isenberg 2:46
So I think that having a descriptive name, uh, is really important, um, nowadays and just works really well. Um, because, uh, people see it and they're like somewhere I would like to live. Yeah, I could use some, you know, furniture, interior house inspo in my Instagram. I'm a click follow. So descriptive names, super underrated, uh, and something I use a lot. Phrases. So what do I mean by a phrase? So a phrase could be something that is starting to take off in the cultural zeitgeist. So a few years ago, I'll just pull up Google Trends, there was a popular term and is now less popular, but it was called boss babe. So as you can see on my screen, let's go to Max. And this is Google Trends. And I use a tool called Glimpse to just give you some more information and just some related terms. So a friend of mine, I think it was around 2013, sort of picked up on this name Boss Babe. She grabbed the handle, created a meme page, theme page called Boss Babe on Instagram. And it just started to grow as... searches for Boss Babe grew.
Greg Isenberg 4:15
And she started sharing, you know, quotes, you know, for female entrepreneurs and empowerment, female empowerment, and just really started to go up. And she created an account with millions and millions of followers. I think it's about 6 or so million followers and was able to create, you know, a five plus million dollar a year business on the back of it. So a phrase, when a phrase starts being on the come up, you really do need to just take stock of it, see if you can grab that handle, see if you can buy that handle, create a business around it. I think phrases are underrated. I've had another, and he's actually been on the pod, I had a friend of mine who had a phrase that he owned called at the most famous artist. So he was an artist.
Greg Isenberg 5:07
No one was sort of listening to him for a while. So he just decided to be called the most famous artist so that when you would Google him, he would come up. The most famous artist. Just Google him for a second. He's literally the number one person that comes up ahead of Pablo Picasso, ahead of Rembrandt, ahead of Leonardo da Vinci, Vincent Van Gogh, Salvador Dali, Michelangelo, these people.

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