Experiment: Re-naming 31 Startups with the Domain Refinery
blog.bionica.com
blog.bionica.com
But I have a couple questions that I didn't find answers for in your article. They are:
1) For a "typical" case, how many rounds are necessary? I know it all depends on the particulars, but some bounds would be good to know.
2) I see you have an introductory rate of $5 per round. That seems like an amazingly good price, assuming the service works. Is that price sustainable, or will it have to rise to meet costs?
3) Did you use this approach to name your own start-up (Bionica.com)?
2) $5 is below cost, our twin goals for the moment are to gather more data about what sorts of names we can do well on and to get our name out there. We'll probably do a survey or something later of real buyers to see what the actual price should be. There's also some raw-ness to the results right now (e.g., you'll get 2 or 3 good results with 47 bad results) so we're keeping the price relatively low until we have better automated filtering.
3) Unfortunately, when we were just starting out we didn't have Domain Refinery (and a naive implementation doesn't work terribly well for reasons I won't go into). As a result, we did the days of brainstorming followed by purchasing an overpriced name route. However, we've since used Domain Refinery for our naming, and in fact, Domain Refinery is named using itself. The top three names for what is now the Domain Refinery were domainrefinery.com, nolongernameless.com, and brainstormdomains.com. Ultimately, we liked domainrefinery.com best because it signaled the refinement aspect that we wanted to contrast against competitors.
(I'm one of the co-founders.)
Great tool for kicking off an initial brainstorm around names even if you don't end up using one of the suggestions. In fact, it could even be useful for gauging an initial reaction to your startup concept.
Regarding brainstorming, I've found that I tend to get locked into one line of thinking when brainstorming domains, and the workers don't do that (since they're all different people). As a result, even if the specific proposal by a worker isn't great, they're often on to an interesting line of domains that I can continue myself.
Regarding initial reaction, I found that the process of honing a description to get a good name was actually really similar to honing a pitch describing a company. When the workers didn't get the concept, they could not produce good names. Further, the best descriptions start to sound like what-problem-does-this-solve customer-based pitches for websites.
We actually crowdsourced domain name suggestions with a lot of suggestions and the winner wasn't great enough to warrant a name change. We got some free help from a brand name expert and we finally found a word play around the concept of replacing "bio" with "buyo". We loved the buyosphere.com domain name since it represented exactly what we're about. As a bonus we can play around concept such as a user buyography.
However, the buyosphere.com domain name was taken but amazingly, the owner was willing to sell it to us for $500. We just was sitting on it and liked what we wanted to do with it.
Conclusion: we're the proof that you shouldn't put aside taken domain names being squatted and have nothing to lose to just ask.
For example, suppose that there are two domains, "[uniquequery].com" and "[commonquery].com". Do you think people would prefer the "[uniquequery].com" because their name will show up at the top when they tell people about it (and because its more unique)? Or do you think people would prefer "[commonquery].com" because it will be easier to rank for the competitive query and there might be more organic traffic?
We had a similar question, trying to decide between "brainstormdomains.com" (which seems like a much more common query, though I haven't checked) and "nolongernameless.com"/"domainrefinery.com".
Are there particular features we should provide, constraints on domains, or other things that we could brainstorm that you have in mind?
(You can also e-mail me with your thoughts, my e-mail is now in my profile.)
I'm actually doing something sort of similar to DebtEye with lannisters.com as a weekend project, but I have many other weekend project ideas.
Since the blog post said that most of the iterations were a few days, we originally opted not to have a follow-up email, but I think that was probably a mistake. I'll modify our systems right away to do that.
At the moment, there's only one option so we'll probably just switch over to having a button, but I haven't had a chance to convert it yet. (PayPal has a habit of blocking your forms if they detect any mismatches between your encrypted and form data, so I want to be careful about it.)