If a picture is truly worth one thousand words, then what better way to convey your corporate brand than with a metaphor? The hyperinflation of news and information requires branding strategies that disrupt, "stick," and convey more than the literal product or service a company offers. A great example of this type of name is the relatively new travel site named Kayak.
First off, the name is unexpected. It gives the listener reason to pause and ask for more. There is an element of intrigue in metaphoric names. Kayak? What kind of company is that? And here's where it gets good … the follow up answer fits the name – an on line travel booking site that can move you along, help things flow, streamline your travel plans, get you on your way, keep things afloat, stay above water, etc. etc. This type of naming strategy provides more than a mere moniker, it provides an entire marketing lexicon to build upon.
The same holds true for great brand names such as Amazon, an endless source of diverse products, and Monster, a huge job site with large numbers of lists. Jaguar highlights the luxury car's speed, responsiveness and agility. And when I open my hand, there sits a Blackberry, (which says a mouthful), John Deere, a legacy name, plays off the animal vs.. the surname ("Nothing runs like a Deere"). In our own case, Tungsten highlights our commitment to branding brilliance.
David Ogilvy, the father of modern advertising, said that the best ideas have "legs," or continuous staying power. Metaphors can provide that type of long haul brand endurance. Looking at the definition of metaphor explains why …
Metaphor: "A figure of speech that expresses an idea through the image of another object. Metaphors suggest the essence of the first object by identifying it with certain qualities of the second object."
Imagine having your generic, or incoherent, acronym-ladened company name distilled to one simple word – a word that expressed an entire idea. Kayak, the travel site, works much better than Expedia, which has to be explained (express? Expedite? Pedestrian? Encyclopedia?) Or worse yet, heavily advertised.
If you are considering naming a company, then take a look at metaphors. If you can pick a good one, you just might have "the Midas touch.