There’s an established and long-standing process to developing and choosing names for new products. In fact, this is a business in and of itself, and it’s not unheard of for companies to pay tens of thousands of dollars to come up with the name for a new product.
Based on what my colleagues and I recently uncovered, I’d like to make the case for this money being spent on coming up with truly unique product names. Why do I believe this? It has to do with something that I’ve just named "The Spinbix Effect."
We’ve been working on a large and complex search engine optimization (SEO) project for a client that manufactures and markets lots of consumer widgets. For the purposes of this article, let’s pretend the client is "Acme." Each of Acme’s widgets has its own brand name. Some of the names are more generic and use words found in the dictionary, such as Acme Mosaic and Acme Hunter. Other brand names are completely unique words not found in the dictionary, such as Acme Spinbix and Acme Bunfob.
As part of our SEO project, we’ve been looking at inbound traffic to Acme’s Website from search engines. More particularly, we’ve been analyzing the keywords and phrases that are generating traffic for Acme. One of the most interesting patterns we observed was that products that have unique names (e.g., Acme Spinbix) generate higher search traffic (Website visitors) than products with generic names (e.g., Acme Mosaic).
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