Effective Product Naming Strategy

This chapter delves into the significance of selecting appropriate names for products and systems, using the 'deal of the week system' as an illustration. It emphasizes the need to combine functional terms with catchy words to create names that are both clear and memorable.

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Have you ever wondered why product naming is crucial for every business? Imagine you've invested weeks, months, or even years perfecting your product or service. How do you ensure it stands out and captures the market's attention? The answer lies in crafting a compelling product name.

In this episode, Sharran unveils his proven product naming formula, showing you how to create names that resonate and stick. Whether launching a groundbreaking product or a new service, the right name is critical to success. A confusing name can turn away potential customers, but a great name can elevate your product.

Tune in to discover the secret behind Sharran's product naming formula and use it to name the things you create.

“Whenever we have a thing, and we name it, it becomes a system. It becomes legitimate, it becomes a container for thought, it becomes a container for complexity, it becomes something you're proud of.”

- Sharran Srivatsaa

Timestamps:

02:01 - What is the Deal of the Week System?

02:54 - The two components of naming something

03:01 - How do you use function as a part of product naming?

03:49 - What fancy word do you use to complete the product naming formula?

05:00 - Here are some examples of how to apply this formula

10:16 - Lessons from using the product naming formula

11:50 - How to use ChatGPT for product naming

12:56 - Recap of the product naming formula

Resources:

- Wealth Without Wall Street Podcast - https://www.youtube.com/c/WealthWithoutWallStreet