Name Making: Google it!

Ever wonder how Google came up with its name? Did they think the name Google would become synonymous with information sourcing, referencing, mapping and everything in between? Is there some sort of history behind the name, or was it just a random choice?

Many business start-ups make much ado about what they should name their business… and so they should. Like everything else in business, you need to go through a process:

1) Define your business. What is it? What makes it unique?

2) Define your 3 to 5 year business objective. If you’re a consultant, it could be that using your own name is a good start…but what about after you start? If you want to eventually provide more than one to one consulting, maybe your name just won’t cut it.

3) Who is your target group? What’s their demographics…and don’t forget their psychographics.

4) Research the competition and see what names are out there in the same industry and geographical area. (Just Google it!)

5) Brainstorm and come up with a list of 10 names.

6) Take these 10 names and verify to see if the URL is taken, and if so by whom.

7) Verify if the name is trademarked within your industry and within your geographical area.

8) Get objective feedback for your top 4 names. Research for start-ups has become more affordable for business start-ups with software such as Survey Monkey and panel online advertising.

There’s much ado about the naming of businesses. I am of the opinion that the name is important, but what you do with that name is even more so. How are you launching? What media channels are you using? What’s your brand character, brand voice and how is that represented in your communications. Being first to market and being very visible when you are first to market is definitely the best approach to reap the benefits of longevity and recognition. Just to name a few: Kleenex, Coke…. and of course Google!

And just to close the opening thought of this post, I actually googled how Google got its name. Like all things in Google-like, I had many sources to choose from. The first link I clicked on was http://www.question.com/how-did-google-get-its-name-10903.html. Interestingly, I learnt that the definition of Google is quite appropriate for Google. The name Google is based on the mathematical term “googol”, coined in 1938 to equal 10100, a number larger than any practical counting operation would require.

From a wiki.answers.com, I also got more of an anecdotal story:  In September, 1997, so the story goes, some Stanford grad students were helping Larry Page choose a name for his search engine. “Googolplex,” said Sean ­Anderson. (They’d already sensed how big this could ­become.) “Googol,” Page ­replied. ­Anderson, checking to see if the name was taken, typed ­g-o-o-g-l-e into his browser and made the most famous spelling mistake since p-o-t-a-t-o-e. Page registered the name within hours, and today, Google isn’t a typo, it’s a verb, one with a market cap of about $160 billion.

Fact or fiction, it doesn’t really matter…what matters is that Google provided an innovative product that revolutionized how information was being delivered to the masses… I doubt the notoriety or the business outcome would of been different if their name was Googol.

Social Media: Effect, Affect and Infect?

Before social media came into existence, many of the things said on today’s blogs, Tweets, and other various social media venues, were said by word of mouth.   Messages can become viral by word of mouth up to a point, but how accurate are these messages?  Do you remember playing the game “Telephone”, where the message ended up totally different than the original statement? Then again how accurate is what is placed on the Internet?

An excellent example how Tweeter has affected people two years ago is the Arab Spring.  The 140 character texts chimed out to thousands and thousands of people during that time.  How many people it affected was totally amazing.  Lest we forget Facebook was widely used during this time as well.  Both of these social media sites also helped people worldwide have a distinct indicator of what was going on in the region.

 

This effect that social media had on multiple nations and its people, was noticed by businesses.  It actually propelled the area of business into a new age.  The age where there are immediate photos, voice bits, videos, and phone calls, which now have become the norm.  We now have a worldwide society that addresses all markets, and the numerous people who are in them in real -time.

A recent example of social media affecting people and bringing their world to you in real-time, is the Boston Bombing.  People Tweeted pictures, video, and sound bites to television media, in a matter of moments, maybe even nano-seconds.  The FBI, Homeland Security, and the Boston Police had instant fodder to work with in trying to get the culprits.   One man in Waterdown, Massachusetts took pictures and video on his balcony of the firefight that was going on in front of his apartment.  He then flew into his bedroom for cover, but lifted his smartphone up to his window and continued to take pictures.  These were later used for network and cable television news as well as information for the law enforcement people.

  

How has social media infected the Internet and the stock market?  One incident that occurred recently was a hoax done in poor taste.  It was claimed on Tweeter that President Obama was bombed in the Whitehouse.  The stock market got hold of this information and for an hour the stock market numbers plummeted.  The perpetrator was found and dealt with swiftly.  Luckily, the stock market bounced back within an hour.  It was an hour of hell for investors with mega-bucks to lose.

How does one prevent being infected like this again?  Can a society who yearns for real-time information wait for social media to do some fact checking?  Tweeter suspended this infectious account and provided information to the police, but serious damage had already been done.  Billions of dollars had been traded for significant losses.  Perhaps news like this if not caught in a short time frame does not only infect businesses in North America, but relationships abroad as well.  After all in the Arab Spring social media not only brought protestors out into the streets, it toppled governments.

  

One thing is for sure is this shows people are more engaged than ever before on social media. How does one affect a new market area without accidently infecting social media with superfluous and potentially noxious information?

 

Product vs. Store Brands: Marketing for your Online Presence

So you have an idea for a social media campaign, and you’re thinking of all the millions of people you’re going to attract using Twitter, a blog or Facebook – it’s so exciting! But hold on one second, you have to ask yourself the easy questions first to be guarantee long-term success. Product vs. store branding online have obvious similarities but need to be managed differently.

Product branding online and store branding online are similar because both need to reach a specific audience, tailored especially to the individual needs and wants of the company and/or client. A product can have a fan base and followers who will support a social media presence just the same as a store ( i.e. grocery stores, furniture stores, hair salons, or retail outlets ). Product and Store branding have the same goals when trying to target specific audiences.

Content
The content for products and stores, obviously tailored to the social media strategy, can fall under similar categories and actually intertwine between lifestyle, health and beauty, healthy eating, environmental facts or fashion tips.

Ex. Ikea Canada Stores vs. Organic Make-Up Brushes.

Environmental ideas (gardening DIY idea above) on Ikea Canada’s Facebook page and the organic makeup brush products both can share similar content because they are targeting people who support the ideas, beliefs and culture of the brand they’re promoting online. With this said, both products and stores need to keep a pulse and a keen eye for the market, what’s current and trending. Both will pull in great results with these similar online branding strategies.

Products go out; customers come in.

But there are some differences between product and store branding and they’re worth remembering. The first, and most important, is a store online presence should come from the location itself. The store is a place where clients can see what’s going on, learn about in-store promotions and, with luck, be enticed enough to visit through social media efforts.
Products can be sent out, given to customers through a blog. This way online visitors can get what you’re selling right in their hands. However, with store branding you need followers and supporters to come in and see your store, see the products on your shelves and experience the service you provide. That should be taken into consideration when branding online for the greatest success. Do it right and reap the rewards!