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Kacharagadla Featured Article

5 Ways to Validate a Business Idea, Right Now

Don't let your day job or lack of capital stop you from finding and testing a business idea. Here's how.
Last year, I embarked upon a personal challenge to validate a business idea in 30 days. To make it even more difficult, it was a random idea chosen by my readers. They asked me to do it without using my existing website, traffic and business connections and without spending more than 20 hours per week on the project. On top of that, I limited myself to spending no more than $500 validating this idea. The experiment was a success.In just two weeks, I built an email list of 565 subscribers without having an actual website. Then, I reached out to a handful of those subscribers and pre-sold 12 copies of a book that didn't even exist yet, all in less than 30 days. I wrote about the experiment in real-time with in-depth weekly updates, successes, failures and lessons learned along the way, right here in my validation challenge. Today, I want to share with you the five most effect…

Are Trademarks Important? How Useful is a Trademark for a Startup?

Trademarks today not only play an impeccable role in luring eyeballs but personifying and shaping up the stature of a company as well. But before we engulf ourselves anymore with this one heck of a word, let us first understand what it is and what it stands for.
What is a Trademark?
A trademark is any unique sign or identity logo used by a company or product to distinguish itself from the rest, ergo, giving it unique identity of its own that not only categorizes it in a class of its own but helps carve a niche for it in the society. A trademark not only helps protect your identity but also to establish it.
Why do you need a trademark?
The answer to this question is as simple as is the question. Let us explain this to you with the help of an example. Let’s say you buy a pet dog and name him Scooby. Now, this dog answers to the name Scooby and nothing else; not dog, not doggy, not eddy, not scrabby either, just Scooby. Ergo, what we are trying to establish here is that the name “Scooby” helps distinguish it from all other dogs, hence, giving it an identity of its own. This is exactly what a trademark does to your company.

You not only get a name and photo (let’s say) to support your cause but the opportunity to embrace yourself with one hell of a background (for a trademark will back your company to make it big).
Essentials of a Trademark
What makes a good trademark? Is it the way it is depicted or is there some unseen panache worked upon behind the scenes that help create the logo that it has the potential of becoming? Let’s explore what makes a trademark so appealing to the common as well as uncommon eye:

  • Your trademark must truly be one of a kind. Ergo, it must not bear any kind of resemblance to any other brand or logo or you could land yourself in some nasty legal trouble
  • The trademark must be radically distinctive if it is to be a success or else your trademark will land in the same league as its peers and will not be able to attract as much eyeballs as you’d like it to
  • Have a background story to support your trademark. Not only will it help you grab a bit more attention but will provide a little more depth and personal appeal to it
  • Keep your trademark as simple as possible. A clear sign/logo not only immediately connects with the public but also helps your company establish itself as a simple yet effective one
  • Before finalising on your trademark, make sure it agrees with your style of company and approach along with the growth of your company
  • Make sure that your trademark is not confusing with any prior trademarks or does not hint towards any
All in all, having a brand name is a must; there is no question about it. But having a brand name that suits your idea of a business is like a connection straight to heaven; you don’t have to think twice about it.

A trademark that agrees with your business strategy not only helps you to scale gigantic business heights but helps establish yourself as a “biggy” in your area of expertise. Ergo, be wary of what you want and go for what you must; after all, you got one shot at it; make it count!