Also
see the Game of the Name 
Daniel Moneypenny, of emaginit in Silver Lake, Ohio, has spent his career
creating taglines and naming companies and products. For Rubbermaid, he came up
with "There's never been a better space." For Federal Express: "We are the overnight
success." For Maaco: "Give your car the MAACOver!" The list goes on and on.
So how does a guy like Moneypenny get such clients as The Movie Channel,
NutriSystems, Wendy's, Amway and Parker Hannifin? Reputation. Of course
he started out by giving away his ideas for free and doing subcontracting work
in order to make a name for himself. To make a living, meanwhile, Moneypenny did
everything from working as a forest firefighter in California to running a sporting
goods store in Akron. But since 1982 he's worked on branding full time,
mostly as a one-man show.
"I'm stupid in so many things in life, except
this," said Moneypenny, "I've got this down."
These days, he spends about
60 percent of his time working on taglines. "They don't last as long [as names],
but I'm totally built for that," he said. And he spends 40 percent of his time
naming companies including, locally, "Complient" and "Inaquest."
After in-depth interviews with clients, ideas start to churn. And with 415,000
names and ad campaigns in his database to fall back on, he guarantees companies
he'll come up with something they'll like that's trademarkable. Moneypenny
starts out by presenting clients with a list of 100 to 200 names or branding statements
to choose from. But on the first attempt, clients generally either don't find
something they like, or it's not trademarkable. It took three attempts and 1,100
names before a Cincinnati client agreed on the name "BlueSpring Software.
Clever is great, but a trademarkable entity is all any client really needs,"
he said. Depending on the project, his fees generally range from $15,000
to $45,000. That's a big difference from major branding firms like Landor in San
Francisco, which typically start at about $250,000. Its projects generally run
into the millions. Moneypenny sees no end in sight to building his business.
"I can't believe it's real," he said. "I have to pinch myself sometimes because
I'm just an Irish kid from the country that's turned this into a cool business." |