I'm curious as many companies (Slack, Spotify, Evernote etc.) have the same company name as their app name. We're a single product company right now, however that might change in the medium-long term. Is it 'standard practice' for the company and app name to be the same?
The main advantage of having the company and the product/service sharing the same name is that it is much more cost effective to build the brand in the early stages. You also need to consider what relationship any future products are going to have with your first (if any) - do they complement, compete, same markets/customers, etc.
Generally, you will be better off by keeping the names the same. Think about how you pitch your company vs the product - is it a different story? Which name do you want people to remember? Think about where the names would live - business cards, urls, websites, app (icon), signage, etc.
There are countless successful examples of different brand naming structures that work - there is no "best" way. Keep it simple.
We wrote a book on naming and identity design a few years back. Happy to send you the first chapter pdf to see if it can help.
When they are really the same thing, sure. But look at Apple: Mac, iMac, iPod, iPad, iPhone, Apple Watch (don't really like that one). Do you stand for one thing and one thing only and is that your app or your product -- and are you quite sure that's all you'll ever be? Works for Facebook. But if you're a product company and you've got a ton of different SKUs and require subbrands because they're in different categories, then no. That's why Procter & Gamble and other huge CPG firms have corporate names, but each of their products or product families get names like Tide.
If you expect to be acquired before you ever reach a second product/app or if your first one is going to be that successful, why confuse people? It's harder to remember 2 names than it is to remember 1.
Free free to set up a call if you'd like to explore this further.
Best of luck,
It's certainly not standard practice for large companies. General Motors manufactures cars with the Chevrolet, GMC, Cadillac, and Buick marques. Procter & Gamble's brand family includes Tide detergent, Oral-B dental-hygiene products, and Luvs diapers. Google uses its company name as a modifier for its products: Google Maps, Google Plus, Google Books, and so on.
The Joie de Vivre hotel group gives each property a distinctive name linked to its location and personality -- Rex, Epiphany, Waterfront, et al.
Tech examples? When it was founded in 1982, AutoDesk made a single product, which it could have named AutoDesk--but didn't. Instead, it named it AutoCAD (for computer-aided design). Freed from the corporate name, the growing family of products was able to assume distinct brand identities: Revit for the construction industry, Moldflow for manufacturing, Maya and Mudbox for media and entertainment.
On the other hand, as Steven Mason points out, the combined corporate-product name Facebook seems to be working just fine.
Short answer: there is no "standard practice" but rather multiple naming strategies. To determine which one is best for your company, you'll need to consider your long-range goals and your commitment to branding and marketing.
Since you're considering a diversified product line in the mid-term future, the first question to ask is how you'd ideally brand those other offerings.
Under your current brand name? Or should their identity be separate and more distinct?
Your decision depends on those future offerings. What's best for them? There is no general rule about what a company should do. Look to your other products / projects / services.
Happy to give specific recommendations if you'd like to set up a call and share specific information.
To answer your question “Is it 'standard practice' for the company and app name to be the same?”, there is no standard practice per se. It will all depend on your strategy and audience’ needs.
And regarding product and company name being the same, there are many good answers already but think of it as “House of Brands” or “Branded House.”