Question

Topic: Taglines/Names

Company Name For A Uk Online Jewelry/accessory Sto

Posted by Anonymous on 125 Points
My family owns a small wholesale business in the United States that trades in jewelry, watches and ladies fashion accessories. I want to expand our markets to the UK and Europe by setting up an e-commerce retail website in the UK and featuring our products for sale to the public.

The products (in order of importance):
1. trendy, inexpensive fashion watches that are styled very similar to the large brands, but at a fraction of the price. Our watch trade name is Geneva platinum.

2. Hot trending jewelry in the American market that usually funnel over to Europe after a delay. For example, the "Shamballa bracelet" is the rage in most UK stores (as I saw from my latest trip last week). We have had these in stock since 2011. Therefore we can be considered as trendsetters in the market, having the ability to stock products before they become really popular.

3. Classy, sterling silver jewelry that again is styled similar to that of major brands but sells at a much lower cost

The target group is:
1. Female
2. Two age segments: 16-35 (for more trendy styles) and 35-59 (for more classic styles)
3. Lower middle class to middle class income segment
4. Motivations:
a) Wants to have the latest fashionwear and keeps up with trends in the industry, probably subscribes to magazines which inform their sense of style
b) Moderate amount of price sensitivity, but savvy enough to know that you get what you pay for, and is willing to pay slightly more for better quality, as long as it looks like the branded item that sells for hundreds more.
c) Open to brand loyalty and values customer service (of which ours is impeccable, offering no questions asked returns, we will build a similar reputation in the UK that we have in the US) and is therefore willing to pay slightly more for service.

Given the products and the target, I am looking for a catchy brand name that is unique and memorable.

In the US, we trade under Nisha Design, which is nice because it's the name of a member of our family, but not really memorable in the retail space, though it works in our wholesale market.

All of my ideas so far have either been too generic, too "high end" sounding, or not applicable. Therefore any help would be much appreciated.

Thanks a lot.
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RESPONSES

  • Posted by SteveByrneMarketing on Member
    What do mean by "setting up an e-commerce retail website in the UK"? Hosting, order processing, fulfillment, using a ".co" domain?

    Do you have a written business/marketing plan? If not, you have the cart-before-the-horse. You need to do some research and planning for your family of brands (wholesale and retail). Then develop a creative brief to guide the brand name creative process. And It might be a good idea to trademark the names you select in the appropriate counties.

    [aside: nishadesign.co is available as is nishadesignUK.co]
  • Posted by Moriarty on Accepted
    Firstly you have your ducks in a row regarding the differences between Britain and the US. Europe is another matter altogether - sometimes more like the US, sometimes even less. I hope it is a puzzle you will enjoy solving. Oh, and fashion is usually 3-5 years ahead of the UK in Europe in my experience - there is a lot more money this side of the Channel too. You are in for a tough fight :-)

    A brief search for Shamballa Bracelets brought up no few questions of authenticity. Obviously this is a problem - one that you are addressing head on with your guarantee. If this is not part of your tagline, it needs to be made very clear somewhere in your copy.

    How about

    Trendsetters Design
    The Forefront
    Arrowhead Design
    Spearhead Jewellery
    The Distance. Trendsetting designs today.
    Pacer. Setting the trend for tomorrow.

    What do you think?

    BTW nishadesign.co.uk is free. It's also free for other european domain extensions apart from .nl.
  • Posted on Author
    Wow, many thanks to you both for your quick responses! I really appreciate you taking the time to help me.

    Steve, I want an online retail storefront directed towards members of my target market who live in the UK. We have been selling these products for 5 years in America and I have spent much time in the UK familiarizing myself with that market. That being said, having reflected on my business plan, I agree that your process would be helpful in giving clarity to my thought process. I have written three business plans for companies I have started before in different markets, and have been jaded at how long they took to write and how little of it actually applied after we got on the ground and realized what we were working with. Nevertheless, a strategic document is important just to keep the focus on what's important, and I appreciate your words of advice. Still, in terms of the limited question I was asking above, if you had any brainstorming suggestions for names I would appreciate it.

    Moriarity: Wow, these are really amazing ideas, and really in the direction I was looking for. It seems like you have a lot of experience in the European market and I appreciate your encouragement and words of wisdom. I see you are in Zurich - I lived in Geneva for four years but I never really saw Switzerland as ahead of the UK in terms of fashion. Where in your opinion are the centers in Europe that drive the industry as a whole (and not just haute couture)? Is it Paris and Milan? I agree wholeheartedly though with your distinction between the UK and Europe. Most of my continental friends tended to be more freethinking and conscious about their style and how it all fit together, whereas my British friends are far more likely to follow the large scale fashion trends - much easier to sell to! This of course is just my own non-scientific understanding of the industry, would love to hear your thoughts on it.

    Thanks again to both of you for your insights, lots to think about and work on!
  • Posted by SteveByrneMarketing on Member
    Business plans can seem overly onerous when written for financial backing, e.g. banks, private investors and the like. When you are writing one for yourself, then it's just the quality of the research, analysis and actions that really matter, the plan itself can be in bullet points.

    As a shot in the dark for name ideas, maybe ...

    1) Hot Time, Bling & Babbles
    2) Trendy Time For Less
    3) Prestigious Time For Less
  • Posted by Moriarty on Member
    Actually I live in Amsterdam - and intend moving to Leipzig. It was Dave who lived in Zurich ...

    Your observations about Europeans are accurate. It is not something considered by people who live in countries where such freedom of action, such freedom of choice is taken for granted. Oh, and acted on. It also has the result that people are better dressed than in Britain where their standard of appearance is execrable. Perhaps this is why the Americans like marketing plans - that they actually work in their situations where people do as they are told?

    Your issue with business plans is genuine. You have written enough to know how they go, so my suggestion is to use them as a thought-clarifying exercise - as the path you intend your ship to follow. When the currents turn out otherwise you can then trim your sails accordingly. Way better than heading out of harbour without any idea whatsoever. I had the same problems with having to plan lessons as a teacher - a must in our world driven by academics. They assume that because a lesson is planned, the children will do as they are told (just like their students have to). Which leads me to scientific observations, which are at the same level of understanding. "This sort of thing is not usually observed in practice" (as the economists cheerily observe).

    The centres of the industry in Europe. Now there you have me stumped (as the English say). Your observations about Paris and Milan are, as you say, haute couture. Only, with the sort of free thinking you have encountered, when people do things for themselves, it usually ends up that there isn't a centre as such. An analogy I can think of is Britain's Heathrow and Germany's Berlin, Dusseldorf, Munich and four or five others. Then of course you have governmental centrism in France with all villages having their own streetsign for Paris (!).

    ***The way around this is to find the kind of person in Europe who likes what you make***. Which is a different question altogether. Those people are going to choose the kinds of thing you make because they like it, not because its today's fashion or anything else. You have loads of data from the US, and whilst many will be buying for the sake of modernity - some will be buying because it is what they like wearing all the time. To my mind these are the people you should be targeting in Europe.

    One issue here is the quality of sterling silver (95% or so). Many people in Europe regard silver purity as higher.

    Again, this brings us to the question of who wants this jewellery because it looks nice. All of which means I haven't gotten you any further ... now the kind of person in Europe that likes jewellery of this kind are students - of which we have a lot in Europe, what with free education and so on. They are going to look at the style and not be bothered about the quality so much. If this is an interesting direction to take, look into the student culture across Europe which has surprising dynamics of its own - and an element of consistency that Europe as a whole, lacks.

  • Posted on Author
    Thanks very much again to both of you. I have the roadmap for the way forward and many good ideas to consider. I really appreciate your time and help.

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