What company name should I use?
Thats a question that has been raised on indiegamer forums a couple of times, and that I’m in discussion with my designer about as well.
Why should I be in discussion about it I hear you say, well we’re looking at offering other commercial services, so that we can fund our crack habitgames company.
But what is in a name? I registered MIB Solutions Ltd as a business name when I started the company. Unfortunately I didn’t really do enough research, there is already a mibsolutions.com, but I did get the mib-solutions.co.uk domain name. I was content with that, and given that we got the mibgames.co.uk name as well, I thought that would do fine.
Except the name that you want to use varies depending on the work you want to do and the customer you want to attract.
MIB Games is kind of fun and gamey. People ask us about the Men In Black film, (which MIB is not related to), and we have a little logo guy, Mib (pronounced Meh-ii-beh), who is very cute.
For games we thinkt aht logo and name is fine.
MIB Solutions Ltd is great for the overall business name, it says generic, bland boring, but official. If I wanted to advertise my programming skills on the indiegamer forum as a programmer for hire, MIB Solutions Ltd the name would work well for that.
But we want o create a web design portion to our business. MIB Solutions is too boring, too bland, and for a company that is focusing on intelligently communicating the clients branding, is too dangerously easy to mixup with the film.
So we’re brainstorming a new name.
We’ve noticed that design firms, especially those that are doing the web2.0 thing, are basically two unrelated words being pushed together, like 37signals, or 101ltd, or myspace, or youtube.
This lets me cover the imortance of naming.
These rules are important for naming your company, and naming your products.
Number 1: Think of the audience.
Who is going to hear this name, and what will it mean to them? MIB Games, hopefully sounds like a games development company, as does puppygames or any other indie gamer hopefully.
However, would you buy web design services from a company called MIB Games?
This applies to products of course, if your game is casual, match 3 game, then marble match, or something is a great name.
But being that your target audience is at least 50% female, and quite possibly in the 35 to 75 age range, calling it Ultra Death Explosion Gore, is probably a bad idea.
Number 2: It must be memorable
37signals is a name that tends to stick in your mind, if only because it’s unusual.
At the same time, Bobs Garage, down the road, sticks in your mind for other reasons. When you want a mechanic, you want a freindly service. The guy who owns it is probably not called Bob, but it serves a marketting purpose, staying memorable for the audience it is aimed at.
MIB Games is fairly easy to remember for a games company name, and so are some of the more successfull indies.
Number 3: It should be meaningful
I put this last, because of course, the previous two trump it.
MIB Games is meaningful to me in a jokey way, but actually the MIB doesn’t mean anything anymore. I dearsay Puppygames has a story behind it, but lets face it, puppies are cute, games are fun, cute fun, and memorable.
For Product names this tends to be more appropriate, I remember an interview with Amanda Fitch, the creator of Aveyond, where she said that she should have called it something like Aveyond: The Quest or something to make the name more meaningful (I cant find the link right now though). the later games have a more meaningful name you’ll notice Ahrimans Prophecy and Grims Hatchery
So I can hear those of you who have started up a company or are going to start up a company asking, “how can I get this right before I start trading?”.
Well the good news is you don’t have to get it right first time. Although in the UK there are laws that restrict what name you can trade under, it is perfectly legal, and quite normal, for a single company to trade under multiple names. So you might have three arms of your business, and trade under three differant names.
It does get a little more complicated when it comes to bank accounts. Essentially, payments must be made payable to your bank account. For us that’s MIB Solutions. But if we had a cool web design name like 37signals, or 101ltd, and then when we bill people it says to make cheques payable to MIB solutions ltd, well I dont think it says anything good about us.
However, there are at least two ways round this.
1. Setup a seperate bank account for each portion of the business.
this has the drawback of requiring a bit more admin overhead, and you will have to pay the bank fees for each account.
2. Most banks will also offer a trading as name. Use it
Yeh I found this out today, when I called the bank about this.
If you have a generic name and trade under a second name as well, you can have your bank account to have a second trading as name. It’s not very complicated to do, seems to be free with my bank, and gives you the ability to accept cheques or bank transfers to the trading name or the original name.
Downside is that Natwest will definatly only let you have one, and I imagine that other banks are the same.