Women have continued to thrive as major contributors to the economy, especially as more mothers take control of their own financial opportunities. Data from the Office for National Statistics has found that more than 75% of mothers are actively working while parenting their children. This is the highest level in the UK in 20 years.
A huge avenue for this has been the online space, as it allows mothers to stay largely present at home while generating income. There are tons of opportunities to make a living online, be it through a store, service, affiliate marketing, or influencer marketing. In fact, around 39 per cent of people in Great Britain have reported working from home at some point every week.
One of the most important factors to making money online is actually having an engaging business name. This applies whether you are making your own products, starting a retail space, or simply marketing yourself as the brand. It can be a bit of a stumbling block for some, but there is lots of help available when it comes to picking a business name.
Here are a few reasons why it is crucial to find the right business name if you want to find success on the web.
1. It Builds Your Unique Brand Identity
When you are trying to monetise online, the biggest pull you have for both your audience and potential advertisers is your unique brand identity. You need to have a niche to tap into and establish what kind of messaging you have right away. What better way to do that than with your business name?
This isn’t just a matter of finding something that sounds nice. It’s about building something memorable that people will relate to relevant topics. Additionally, brand identity plays a massive role in unlocking the power of strategic web design. Taking time to build it nurtures familiarity and engagement with your target audience while assuring potential partners that you are a reliable platform or voice.
2. It Differentiates You From Competitors
What makes the Internet such a fascinating landscape for business is that it offers great opportunities while also introducing new challenges that come with such accessibility. Because the point of entry is easier, this also means that there is a lot more noise. Basically, you need to break through and actually differentiate yourself from a massive pool of competitors.
This makes checking for availability important, too. The last thing you want is to have the same name as another business that is either more popular or dubious in nature.
You can use online tools to brainstorm and check these factors for free. That said, one of the things to consider when using a business name generator is your focus. Although it does check for redundancies and good SEO practices, it also covers a large umbrella. It will be up to you to sift through the results and make sure you pick a name that actually serves your industry and identity.
3. It Makes You Searchable
If you’re aiming to earn a decent amount online, then people need to actually find you. With things like the algorithm and tons of new content being produced every day, you will need to think about search engine optimisation (SEO) to create visibility.
If you seem legit and you have a simple and appealing name, you are more likely to pop up when people search for products or services that apply to your business. A good thing to remember is that emojis and symbols aren’t the best methods to garner more traffic. At best, they have no impact on Google’s SEO ranking. At worst, they can diminish your credibility and make spelling your brand more complicated. The only time you should consider emojis is for select posts where you want to foster relatability.
4. It Simplifies Building Your Online Presence
Affiliate links, social media posting, and SEO are some of the tried and true ways to monetise a blog or online page. In order to do so, you need to build your online presence so that you have different points of traffic. Some people are more likely to find you on certain social networking sites, while others may get to your platform through a search engine. This gives you more potential streams of income and varied ways to engage with your audience.
An engaging business name makes it easier to set up on different platforms, market your business, and even pick a domain. Having a unified and brandable name that carries over to
different corners of the internet can do wonders in bolstering your growth.
5. It Establishes Credibility and Trust
At the end of the day, you need to establish credibility and trust. This is the line between a brief money-making attempt and a sustainable source of income online. One of the most common things that lots of people forget when starting a blog is to take time to create a name that actually fits their niche and will potentially grow with their blog.
A name that isn’t dated or seemingly temporary will be essential if you want to earn in the long run. You also want to have a name that can match well with a logo, as this has also been proven to affect brand perception.