Coming up with a brand name could very well be the most important decision a new business makes. No matter how high the quality of the product is, if the brand name is not something that people will remember and associate with excellence, few people will be motivated to try your product. So that being said, how do you go about choosing a name?
The answer lies in using focus groups. No matter how good you think the brand name you created is, you will not know until your choice has been validated by a number of people with no connection to you or your company. So come up with as many names as you can as potential brands and then create focus groups and test them. You need to ask questions such as "What image comes directly to mind when you first hear the word...".