This is the first in a series of blog posts to better understand brand identity and the challenges that brand names face in the new gTLD era. In this post Naseem Javed will list the questions that brand owners should ask themselves facing the challenge from the new gTLDs and the 10 steps to evaluate if your brand name is still the right fit. With the introduction of the new domain extensions we have seen new cyber brands appear, such as coffee.club, which challenge the existing market players. Existing brands will face a number of new players in their respective markets, who build their businesses on category killer domain names. This will force existing players to better understand their own corporate nomenclature. What is corporate nomenclature? you might ask. I first heard about the term from Naseem. Nomenclature basically means "a system of names or terms". Naseem has worked with several Fortune 500 companies on complex global naming in the e-commerce field, has written numerous books on corporate naming and international domain name issues for corporations. You're in for some thought provoking questions that you should try to answer for your own business. Enjoy!
The Next Domain Name Boom
There are some million new cyber brands about to appear on the global e-commerce, big or small they will skate all around the globe. The influx of new dot names called gTLD cyber brands creating new name identities like wine.club, flat.paris loans.london or tax.kpmg The bottom line; the global domain name expansion is unstoppable, the global hunger for brand name visibility is irresistible and the clash of the two is now inevitable. The new gTLD owners of 2000 such game changers armed with their amazing ‘naming machines’ to rapid fire new cyber name brands on global ecommerce are on their call to battle. Love it or hate they are the new ICANN gTLD dot names, now a reality, by the many hundreds they start to roam, despite all the rejection by the advertising agencies of the world, the next mega cyber boom of new style of massive cyber name identities will dominates the marketplace. New global age thinking is upon us and new global age trained corporate executives are in the midst of the digital storm. Rest of the business world is just catching up with these new twists and turns of global name identity positioning.
The corporate world must be able to understand the following critical issues
Who are these game changers with new weaponry and what are these million dollar names? What adjustments or alignments are necessary for large or small name identities on the planet? What parts of domain name expansion and multilingualization offer new mega opportunities? What new skills set requirements have to be met by organizations to stay in the driver seat? What were the main reasons for big name brands and their teams to miss the gTLD train? When will dot destination branding become the next big agenda item on municipal politics? What are the main reasons for the trademark profession to be cautious of domain expansion? Why are ad agencies of the world so opposed and angry about all this expansion?
What EVERY business name identity or brand name owners must know
What is your exact business or brand name identity? How well it’s working, really? when was it evaluated professionally? What is your cyber name identity, the web address, the domain name? How well both types of name identities are working in sync or just the opposite? What are the new frontiers and will your name identities survive or will they simply fade away? What are your options, evaluate, modify, change or what?
Name evaluation process involves 10 key steps
Is the name easy and will be attractive to end users? How will alpha-structure make easy recall or become cumbersome? Will the marketability become easy in time or short lived? How many hidden messages are behind the name and which ones are powerful? Are there any distinct brandable features or messages in the name? How protectable is the name identity in the short or long haul? What will be the impact of controlled or open usage of the name? How glocal is the name and what are the translation issues? What are the overall evaluations and will the name create some domination? How to launch a name-armada focused on a special global agenda?
The cyber naming topic is already very complex and when aligned with marketing domination via name identity, it immediately creates fire. It’s also very naive to see all this from a single vantage point unless one forms circles of highly qualified and multidisciplinary teams with passion and empathy, the topic will become stuck in rhetoric and the entanglements of half knowledge. We are at a serious crossroads and must discover the ‘tower of names’ along with the global naming complexities while peeking at the upper stratosphere of super name identities. The right new gTLDs are poised to do very well. The answers are hidden now in the gTLD aftermarket boom and the role new game changer play in global name identity domination.
For further research on brand names and new gTLDs I can recommend the website of Naseem's consultancy ABC Namebank and his recent book Domination - the gTLD name game.