Question

Topic: Taglines/Names

Need New Company Name

Posted by Anonymous on 250 Points
We're starting a new company and really struggling to come up with a strong, unique name. Our business is consulting oil & gas companies on financing, marketing (industry term for selling crude oil & natural gas), risk management, trading, etc.

Some of the names that we have thrown against the wall are:

Sage Energy Partners
Apex Energy Consulting
Ascend Advisors
Peerless Petroleum

If it will provide anyone with a better idea of our business, our competitors are the following:
https://bit.ly/cyymoC
https://bit.ly/cEP4DP
https://bit.ly/beqZaI
https://bit.ly/bETb3w

If anyone has any ideas we would greatly appreciate some input/feedback.

Thanks in advance.
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RESPONSES

  • Posted by simon.gloster on Accepted
    Hi

    A friend of mine has been advising in that industry for years, he is a chemist, he says that area is challenging.

    Operational Tools
    Risktools
    Operational Risk
    Risk management and control.

    You can always have your names you chose with a tag line , such as

    Sage Energy Partners,- " your partner in financing, risk management and marketing trading"
  • Posted on Author
    Thanks but we have already Googled, Yahooed and Binged it to death! We're in Houston and Tulsa. Our team has much broader and deeper experience and expertise than our "competitors" and we're well known and respected in the industry for each of our niches.

    We already have a successful and profitable business but up until this point we have simply been operating as a network of independent consultants operating under our personal names rather than a formal, branded company.
  • Posted by Jay Hamilton-Roth on Accepted
    If your names are well-known/respected, can you leverage your names into a company/group name (the Smith-Jones-Donovan Energy Group)?

    All four of your competitors are using the word "risk" in their name. Are you trying to join their naming strategy (to blend in) or strike out in a new direction? Are the companies that you're desiring to do business with more likely to go with a "safe" name or a "modern" name?

    As for your brainstormed names:
    Sage Energy Partners - I'm not sure how "energy partners" fits with your business goals.

    Apex Energy Consulting - "Energy Consulting" is closer, but it sounds more like a firm you'd hire if you want to see how to design energy-efficient buildings.

    Ascend Advisors - This name is generic, and could mean anything including the name of an investment house.

    Peerless Petroleum - This sounds like the name of a petroleum producing company.
  • Posted on Author
    @ Jay - There are five of us so probably too many to use our names or initials i.e. SJD building on your example.

    As far as using "risk" in the name, we can take it or leave it. ~50% of what we do is risk mgmt related but 50% isn't. As far as modern vs safe, I'd say it runs the course. Personally, I would like something safe with a modern twist i.e. Sapient, which for those that don't know, is a synonym of intelligent.

    Regarding the brainstorming ideas, they were little more than brainstorming but your comments are pretty similar to our thoughts, hence the reason we aren't content with those options or similar. The only other thought I have on those is that I have heard of people using things like "Ascend Advisors" so that people will ask what they do which gives them the opportunity to tell their story.

    @ Karen - Advisors is a term that I would lean towards as providing advice is a key part of what we do for our clients. Managing Partners doesn't really work as Managing Partner is a title given to CEO/president type roles in companies with a partnership structure i.e. law firms, accounting firms, etc.

  • Posted by rvenkat on Accepted
    Consider the following:
    1. Is it memorable and at the same time unique?
    2. Does it convey the brand image that you aspire for? (for instance, Acura was supposedly derived from accurate/precision). What do you want your corporate brand to represent?
    3. Usually it technical areas like yours, if the name gives some indication of your line of work, it will be helpful.

    I would suggest names that combine two different words. I know of a company called Energreen, which combines two words to give a sense of what they do. It may be easier to find a domain name for a made up name like this as opposed to common English words. Protecting such names may be easier.

    Domain name availability should be an important consideration. One of your competitors has a hyphenated domain name (not recommended) and another one has a very long URL (potential for misspelling). The domain name should be easy to remember.

  • Posted on Author
    Thanks everyone for the feedback.

    @ PhilGrisolia - We are leaning towards "something" Energy Advisors. While we're not set on sage we want to use something that says experts, experience, unique point of view, etc. As far as advisers vs. advisors, I'm aware of it but it seems that most use advisors when using it in the name of a business.

    @dvogel - yes, we're well aware of the domain issue. We've had to squash a few names as relevant domains weren't available.

    @rvenkat

    1. This is key, we want something that is both memorable and unique.
    2. This is the toughest part, in my opinion. I think it's safe to say that we want our brand to convey several things: experts, trusted, peerless (in that we can honestly say that we are able to provide clients with services/solutions that produce the desired results and are above and beyond what the competition offers and we can easily prove it)
    3. Agreed.

    We have worked on combining some words and explored the possibility of using a translation from another language as well i.e. Latin, French, etc.

    A friend of mine suggested using the word monadnock (an isolated rock hill, knob, ridge, or small mountain that rises abruptly from a gently sloping or virtually level surrounding plain) and other similar terms. Any thoughts?
  • Posted on Accepted
    If your target audience doesn't know what a word means (e.g., "monadnock"), then it isn't helping with your communication objective. It's not much better than a nonsense name.

    What about "Insight Energy Advisors?"

    You may want to consider an independent project to come up with a name/tagline. It's an important decision for you, and while we are pretty good at coming up with ideas, most of us are probably not spending serious time focused on your needs. That's what is ultimately required if you want a deep-dive and a thorough exploration of the available approaches.

    You can check the profiles of leading experts here to see if any of them seem to have the right experience and credentials for your needs. If so, you can contact them individually using the contact information in their profiles.

    Or you can post a project in the Hire an Expert section of this site. Just click on the link in the column at the right side of this page.

    Hope all of this helps!
  • Posted by rvenkat on Member
    There are several companies using Mondadnock as part of their name (best example is www.monadnock.com).
    Google search and a search on any web domain registrar will save time.

    Couple of comments:

    A thesaurus is useful (the online version at www.thesaurus.com is good). There are interesting synonyms for peerless and expert, which can be modified to give it uniqueness. For instance, virtuoso (meaning expert) lends itself to interesting modifications (e.g., Virtuo)

    If it is a modification of an English word or combination of two words (made up name), there is a greater chance of it being unique (e.g., Satmetrix). You are also more likely to get these domain names.

    Good luck.


  • Posted by NovaHammer on Accepted
    TerraTactics ..... English/Latin

    TerraMater .......Latin - Mother Earth

    Crania ...Gr/Latin/English - BrainCase-

    PetroCeph .....relating to oil & the head/skull

    Atlas Magnum ....Image friendly name

    StrataGem.....



    Some competitors use names like Scorpio that must be branded over time. Clear is better from the 'get go'.

    Cheers.
  • Posted on Accepted
    Sage - name stands out more than any of the others - it has more pop and I think for branding and for a tagline it would be easier to build then any of the other ones your company is looking at. " Sage" advice - you just know - when you come here you don't have to look any further - we have the answers you've been looking for...

    Monica
  • Posted by incitrio on Accepted
    If you want to trademark your name (which you should), start by testing out your name on the https://www.UPTO.gov website and then GoDaddy to make sure the URL you want in the .com version is available. Then, select from the remaining candidates.
  • Posted by NovaHammer on Member
    remember -
    Sage is also a foody word....and also can be seen as puffery (hype) to some. Use a word to define your niche to your clients V's bragging.

    Strata: geological, societal and multiple (5 team mates) ideas & layers...

    Strata Advisors sounds similar to strategy but more Industry familiar without using the Risk/Gamble word.

    StrataAdvisors.com is a also available.

    Tag lines can often come after a name is used for awhile and 'they' become a little more evident when your clients define their value in you! Right now a few clear words supporting your name will do.

    Petroleum Management Firm



    Good luck again.
  • Posted on Author
    Thanks for all of the great feedback, much of which we wouldn't have ever thought of on our own We are going to do some internal brainstorming/debating it over for a couple days and then I will be back. Thanks!
  • Posted on Accepted
    When I was in your shoes just a couple months ago I used Googles Adword search tool......you can load your industries major terms and get many great ideas of related terms that are sure to trigger your mind....I was lost on this same problem for over 3 months and went to Google's tool and came up with a great name.....I also used it to load into Go-Daddy's bulk search for relevant terms that are open to snag the domain. Copy all thats in Google's adword tool "results" and paste it into Go-Daddy, it will take out what is not available and show you what is. Creating a name and domain all in one.

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