Naming is the ultimate leverage point in business - nowhere do you get more bang for your buck than choosing the right name for your concepts, products, and business
Eben built multi-million dollar businesses with products like 'Double Your Dating' and emphasizes he spent weeks to months perfecting these names that became highly successful brands
Create names that are impossible to forget, not just nice or easy to remember - focus on the sound primarily since the mind remembers names by sound, not by sight
Names are sounds before they're printed words, and the phonological loop acts as an auditory buffer that keeps sounds bouncing around in the brain for about 5 seconds
Avoid cute names and funny names because spending money is serious business and most people don't want to laugh when they're doing it
Cute and funny names are usually not memorable, don't strike an emotional chord, and aren't good for conversion despite seeming light and casual
Use names that promise results, benefits, and solutions - treat naming as marketing that promises a benefit if at all possible
All of Eben's successful products like 'Double Your Dating', 'Self Made Wealth', and 'Wake Up Productive' promise specific benefits in their names
Rhythm makes names much more sticky in the mind by keeping them bouncing around in the phonological loop longer, which helps them move from electrical memory to chemical memory to becoming hardwired
Songs get stuck in your head because they use this principle - repetitive and rhythmic sounds keep things in the auditory buffer longer for better encoding
Include alliteration, rhyme, rhythm, and powerful associations to make names more powerful after establishing the benefit
Bed Bath and Beyond uses alliteration, Coca-Cola has both alliteration (c-c) and rhyme (coca-cola) plus rhythm, and YouTube has repetitive sounds with powerful associations to TV 'tube'
Expert InsightEmpowering▶ 5:58 Coca-Cola is a timeless brand and one of the most valuable brands in the world partly because it has alliteration, rhyme, rhythm, and a powerful unconscious association to speed and energy
The name originally was 'cocaine cola' and still carries the unconscious association that 'this thing has really powerful speed in it' from when it actually contained cocaine
Double Your Dating uses anapestic meter, alliteration with all d's, and when combined with the pen name David D'Angelo creates an impossible to forget brand system
Eben spent a long time creating this name which says what it does (you get more dates), uses repetitive d sounds, and follows the same rhythm pattern as Dr. Seuss who sold 100 million books
TeachingEmpowering▶ 10:30 Wake Up Productive promises that after going through the 90-day program doing 30 minutes per week, you'll be twice as productive and literally wake up productive
Through customer surveys, Eben discovered people wanted to learn time management and productivity, so he created a program with the promise of doubling productivity in 90 days
TeachingEmpowering▶ 11:05 Spend anywhere from a couple hours to several weeks or even months working on names as a project, keeping files and writing down words for associations
Eben works on names as far in advance as possible, keeping journals and files to piece together powerful names over time for his successful products