I'm debating on changing my startup's name. We provide online registration for events (for a specific industry type, not disclosing here). Our name already reflects what we do and I don't believe has hindered us in any way just yet but is pretty generic and I think a better name could make for better marketing of our startup. From surveys, everyone liked our idea for our new company name and thought it fit our company well and what we offer. Additionally it fits well with future services we're going to incorporate into our startup where our existing name is not bad but doesn't totally go with those future services. The main problem is that we can only get the .me domain name of the new company name we want. We've already registered that domain just in case we decide to use it. The .com is owned by another company related to our industry. They are not a competitor since they sell something totally unrelated to our services but to the same industry and same public/customers. So my thought it to partner with them offer free advertising of their products on our site (place a simple ad on very specific parts of our site) in exchange for them allowing us to place a link at the top of their site (in main navigation) to our site should someone go to their website (.com) instead of ours the .me. We have thousand of their potential customers viewing our site so I believe it would be worth it to them. Additionally, eventually I would like to buy them out down the road and sell their products as a secondary thing (& own their .com domain). I have not talked with the .com owners about all of this so don't know if they would be okay or not. Is this a good strategy or should we just look for another name or just keep the one we have? FYI, our customers (events organizers) link directly to our website from their website so participants can register for their event, so I'm not sure if the domain name is all that important. I don't image most people type in our domain name to register but we do see a small few do this via our analytics. In the future we're offering some additional services that are specifically for the participants (making them them more of our public/customers at that point too). Although participants do already pay us for registration for the events but the event organizer decides to use us for registration.
I'm not a .COM purist. In fact I own quite a few .ME domains and have sold half a dozen of them or so. However, building a business or brand on a non-.COM extension like .ME requires some additional analysis.
It's impossible to advise you on which name / domain to choose in the absence of the name itself.
As for the strategy of partnering with someone else just because you want their name ... that sounds excessively complicated, prone to misunderstanding, potentially expensive, and (since you haven't even approached them) a bit pie-in-the-sky. Trademark overlaps might also invite litigation.
I think you could use some professional advice. Let's schedule a call.
Answered 10 years ago
Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.
Already a member? Sign in