Naming Your Business

Categories: Blog.

It’s sometimes asked how Rinet IT got its name. The following process is based on an article found on the internet.

The text in blue are the answers that I came up with to end up with Rinet IT.

The Initial Name

Coming up with the initial ideas for your business name can be a rewarding and fun process. Try not to get too stuck on any of the steps. You can always go back if your answers aren’t giving you what you like.

Brainstorm

Think about how you want people to feel when they hear the name. Write down the words on paper and then categorise them by primary meaning.

Feelings Category
Reliable
Dependable
On time
Dependable
Knowledgeable Knowledgeable
Friendly Friendly
Creative Creative

Relate

Think about related words and phrases that evoke the feelings you want. Hit the thesaurus and find all the synonyms for your words and phrases.

Category Synonyms
Dependable Responsible
Steady
Trustworthy
Reliable
Knowledgeable Well-informed
Expert
Experienced
Informed
Friendly Responsive
Welcoming
Open
Sociable
Creative Imaginative
Inventive
Innovative
Productive
Resourceful

Relate more

Rinet IT’s logo, using colours from the colour synonyms.

Find out the Greek and Latin translations of your words. Figure out what colours, gemstones, plants, animals, etc., relate to your words. Words with the same meaning from different cultures and languages can be used too. In this example synonyms from the Maori and Latin languages along with gemstones and colours have been found.

Finding relating colours can be useful in developing your logo and website. Note that the colours are mostly brown, yellow and orange and these were used in developing Rinet IT’s logo and one of the first websites.

 Synonym Maori Latin Gemstones Colours
Responsible Haepapa
kāhui minita
praesto presto
Steady torotī
māhoi
constans order: aquamarine, fluorite, sodalite brown
Trustworthy fides, fiducia devotion: kunzite, tourmaline  
Reliable firmus    
Well-informed
Expert kaiaka
tohunga
wānanga
mātanga
toa
matatau
gnarus intuition: amethyst, amazonite, ametrine, petrified wood, kunzite, labradorite, moonstone, turquoise
logical thinking:agate, chrysoprase, citrine, kunzite, lepidolite, black tourmaline
Yellow
Experienced wheako
tawhito
callidus    
Informed whāki
whaimōhio
informant intentor
information indicium
informer quadruplator
to be an informant. quadruplor
to inform fully edoceo
foresight: aquamarine, turquoise Yellow
Responsive whakararata industriousness: rhodochrosite
Readiness for action: amethyst, ametrine, fire opal, chrysoprase, rhodonite, turquoise
Orange
Welcoming whakamanuhiri
mānawa
whakahei
whakatau
aumihi
haramai
warou
pōwhiri
maioha
karanga
Yellow, Green
Open aumoana
tahora
kaupeka
puare
patefacio, expositus, directus   Green, Turquoise, White
Sociable White
Imaginative
Inventive creativity: ametrine, amber, garnet, labradorite, tourmaline Blue, Indigo
Innovative solving difficulties:carnelian, garnet, moss agate, smokey quartz, tiger eye Blue
Productive auaha facundia, fertilis, uber    
Resourceful

Gemstone names are a great source of seed names for your business.

Experiment

Start playing with combinations of your various words and partial words. Don’t be judgmental now – just make a list.

Reflect

Review your list and just give some thought to each name. How does it make you feel when you hear it?

Test Name First Thoughts Memorable?
Ambergar Sounds like “ambiguous”. Wishy washy.  No
Amberline An ocean liner company Yes 
Ametnet Mysterious and magical. IT like? No 
Aumora Quite like this one. Yes 
Calendonet Too hard to pronounce. No 
Calliline Not bad. No 
Calliose, Calliose IT Sounds like weird name for a sweet. No 
Chrysonet Reminds me of a car company, or insect like. Yes 
Fasenet Sounds temporary Yes 
Garnet, Garnet IT   No 
Kyglenet Still a favourite, sounds cute! My Foxtel business name. Yes 
Lepidnet Sounds like a chemical, like lipids from a life cell.  No
Prasenet Sound like a margarine brand. Yes 
Rhodonet Plant like. No 
Rinet Possibilities. Very short.  Yes
Tourmal, Tourmal IT Sport, like tournament. Suggests fleeting, non permanent. No 

Communicate

Go over the list with someone you trust. Have them tell you how each name makes them feel, and how memorable they think it is.

Prioritise

Throw out any that just don’t fit and make a prioritized list of the rest.

Your Name in the World

Your own business name to shout out to the world.

Once you come up with your name it’s important to check for its presence and possible other meanings in the outside world.

Check trademarks

Make sure no one is using that name in your line of business. You may be able to use the name in a completely different business, but be aware that it may create confusion for both you and them.

Check domain names

You want to make sure that an appropriate domain name is available. You want YourCompanyName.com, of course. If that’s not available, you may want to reconsider.

Search the internet

Even if someone doesn’t have the domain, you still want to see what else is out there that has the same name. That doesn’t mean you don’t use it if you find something, but you need to know.

This was done for Rinet. No usage was found in Australia, but overseas it’s also a Russian network of some sort and in the USA Rinet is a large investment firm. As it was unlikely Rinet IT would be doing business overseas this would not affect using the name.

Check company names

If you’re planning to incorporate, check with the Secretary of State (or other appropriate office outside the U.S.) of the state you’re planning to incorporate in.

Stake your claim!

Registering Your Business Name

In Australia business names are registered with ASIC. You also need to have an ABN or ACN, available free by registering at the Australian Tax Office. You do not need a business name get an ABN; you can be a sole trader under your own personal name, but this can have financial implications in public liability law suits.

Note that registering your business name does NOT stop others registering domains in your new business name; both are separate registrars run by different authorities. Read about the domain rules.

Eltham Web Design

A problem arose when I registered elthamwebdesign.com to set up another hosting service (you need one domain to link a hosting account to).

I assumed that it being a generic name (it is what I am after all, like an Eltham Plumber for example) that no-one in the creative web design business would actually register it for a business name. But someone did and they weren’t happy that I had the elthamwebdesign.com domain; and there was nothing they could do about it. I made a few changes to make it clear that it was Rinet IT behind the website and this seems to have appeased them.

Setting up a Proprietary Limited Company

To protect your personal assets better you can set up a Proprietary Limited Company. This needs to be done by a solicitor and it’s best to see your accountant for the best way to go. When doing Foxtel Kygle Pty Ltd cost $800 to set up plus $200 per year to keep it registered. It can also be expensive to close your company down.

Unless a sole trader is inadequate it’s best to avoid setting up a company.

Get the domain(s)

Find an inexpensive registrar like Crazy Domains and register your domain and any obvious variations on it to prevent cyber squatter and poachers. Or you can utilise Rinet IT’s domain registration service to manage your domains for you.

Protect your brand

In the US trademark or service mark cost around $400, but in Australia at around $5000 it’s a much more expensive exercise. Unless you’re going to spend a lot of money building your brand it’s probably not worth it.

But if you are going to develop your business name into a brand it’s a small price now rather than a large expense trying to defend it later. It’s not really necessary, though, for a small local business.

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