Q&A
3 min read

How Much Should You Pay for Brand Naming and How to Do it Right?

Published on
February 8, 2023
Contributors
Phoenix Baker
Product Manager
Lana Steiner
Product Designer
Drew Cano
Frontend Engineer
Subscribe to our newsletter
Read about our privacy policy.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Your brand name is the first impression that potential customers will have of your business. It's the foundation of your brand identity and messaging, and it can make or break your brand's success. Choosing the right brand name is not just a matter of preference; it's a strategic decision that requires careful consideration and research. In this post, we'll explore why brand naming is so important and how much it typically costs to hire a professional naming agency like Birkley.

Why Brand Naming Is Crucial for Your Business

Your brand name is a critical component of your brand identity. It's the first thing that potential customers will see, and it needs to communicate what your brand is about in just a few seconds. A well-crafted name can evoke emotion, communicate your brand's personality and values, and resonate with your target audience. On the other hand, a poor name can be forgettable, confusing, or even damaging to your brand's reputation.

Your brand name also plays a crucial role in marketing and advertising. A memorable and unique name can help your brand stand out in a crowded marketplace and increase brand recognition. A great example of this is the brand Apple, which is instantly recognizable and associated with innovation, simplicity, and high-quality products.

Another important aspect of brand naming is domain and trademark availability. Your brand name needs to be available as a domain name and not infringe on any existing trademarks. This can save you time and money down the line and prevent legal disputes.

Why Using Name Generators Is a Terrible Idea

With so much riding on your brand name, it's tempting to turn to online name generators or tools to come up with a name. However, we strongly advise against it. These tools often rely on algorithms and do not take into account the nuances of your brand or industry. They may generate names that are generic, hard to remember, or worse, already in use by another brand.

Investing in professional brand naming ensures that your brand name is unique, memorable, and aligns with your brand's values and mission. A professional naming agency like Birkley can provide a comprehensive and tailored approach to brand naming that takes into account your brand's personality, target audience, and competitive landscape.

How Much Brand Naming Typically Costs

Brand naming is a complex and multi-faceted process that involves research, creativity, and strategy. As such, the cost of brand naming can vary depending on the project's scope and complexity. 

it's important to note that the cost of brand naming can also vary based on the level of involvement and communication between the naming agency and the client. Some naming agencies may offer a more hands-on approach, including regular check-ins, client meetings, and collaborative brainstorming sessions. These services may come at a higher cost, but they can also lead to a more personalized and effective brand name.

Ultimately, the cost of brand naming should be viewed as an investment in your brand's success. A well-crafted brand name can set your business apart from the competition, increase brand recognition, and contribute to long-term customer loyalty. By working with a professional naming agency like Birkley, you can ensure that your brand name communicates your brand's personality and values and resonates with your target audience.

At Birkley, our naming services typically cost between $3,500-$5,000, but this can vary depending on the project's specific needs.

Our naming process typically involves the following steps:

  1. Brand Research - We start by getting to know your brand, including its values, mission, and target audience. We also research your competition and the industry landscape to ensure that the name we come up with is unique and memorable.
  2. Brainstorming and Ideation - Our naming team then generates a list of potential names based on the research and insights gathered in the previous step. We use a variety of creative techniques and approaches to come up with names that resonate with your brand's personality and mission.
  3. Screening and Evaluation - We then evaluate the potential names based on a set of criteria, including trademark and domain availability, memorability, uniqueness, and fit with your brand's values and mission. We also consider how the name may be perceived by your target audience and its potential for marketing and advertising.
  4. Final Selection - Once we have narrowed down the list of potential names, we present our top choices to you for feedback and selection. We then refine and finalize the chosen name to ensure that it aligns.

One important factor to consider when determining the cost of brand naming is the level of research and strategy involved. A professional naming agency like Birkley conducts extensive research into your brand, industry, and competition to ensure that the name is unique, memorable, and aligned with your brand's values and mission. This level of research and strategy requires a significant investment of time and resources, which is reflected in the cost of the service. However, the investment is worth it in the long run, as a well-crafted brand name can set your business up for success and increase brand recognition and customer loyalty.

Brand naming is a crucial aspect of your success

Brand naming is a crucial aspect of your brand's success, and choosing the right name requires careful consideration and research. While online name generators may be tempting, investing in professional brand naming services is the way to go. 

At Birkley, we offer comprehensive and tailored brand naming services that take into account your brand's personality, target audience, and competitive landscape. Our process includes brand research, understanding the pain points of your customers, brainstorming and ideation, screening and evaluation, and final selection. With our expertise, we can help you choose a brand name that communicates your brand's personality and values and stands out in a crowded marketplace.

Reach out to us if you're ready to take your brand to the next level and want a name that truly resonates with your audience. We offer a free 30-minute consultation to discuss your branding needs and how we can help you achieve your goals.