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Domain Names & BrandingDid you know there was a UTube.com years before there was a YouTube.com? How about iToons.com? Both of these domains were used by companies most of us have never heard of. Unfortunately, both companies failed to protect their domain names and brands.
The Branding Mistake
Domain names, just like company names, are part of a company's core assets. A recent article in Inc. Magazine discussed the two companies who had these familiar sounding names years prior to the two giant companies with significantly deeper pockets began branding the sound-alikes. The article seemed to focus more so on the small companies' inability to successfully fight for their assets. The owner of iToons.com found another name rather than gear up for a legal battle against Apple. The owner of UTube.com has actually been funding his legal expenses with advertising on his site geared for the hordes of young people coming to his site looking for videos. What the article failed to discuss was how these two small companies failed to protect themselves from hangers-on, folks who can't come up with their own unique ideas, or bigger players who through advertising can simply overwhelm the smaller ones.
Homonyms
Homonyms, remember them from English class? Homonyms are those words that sound the same, but are spelled differently. A few examples...
The shorthand of the Internet has only added to the list of like sounding brands as many start abbreviating words with single letters or numbers. A few more examples...
Protect Your Brand
The sad part of this cautionary tale is that both companies could have better protected themselves fairly easily. Once one of the corporate giants infringes on your brand, you are left to fight a long and costly legal battle or to start over. Neither option is particularly attractive. It's far easier to protect your brand by thinking about how people use the Internet and how words look and sound.
Registering Domain Names - Get All of Them
You put locks on your doors and passwords on your computers; why not lock down your domain names as well? While it is money spent that you will never see a calculable return on investment, it is an investment worth making. For an investment of $6 to $10 a year per extra name purchased, you can protect your brand and avoid the hassles like the nasty emails the owner of UTube.com is getting for not having videos on his site.
Top 7 Ways to Protect Your Brand and Domain Name
Domain Names as Your Brand
Never forget that your domain name is as valuable as your brand. In many ways they are one and the same. Don't wait for someone to infringe on your brand to protect yourself. If you are pitted against a Google or an Apple, the battle is pretty much over before it starts. If only the two companies had protected themselves and their brand early; the most famous video site on the Internet would be named something other than YouTube, Apple would not have a product called iTunes, and two small companies would not find themselves in a David and Goliath battle for their corporate identities.
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Protect your domain name as you would any other corporate asset.
