Are you thinking of what to name your ATM business? If YES, here are ways to come up with a good name for an ATM business, and best ATM business name ideas you can consider.
Automated Teller Machines (ATM) have come to be very helpful especially when one wants to pay someone or collect a few dollars from the bank; it is for this reason that the ATM business has become a very profitable business. If you have therefore been looking for a profitable business to start that will enable you to earn over a long term, then the ATM business is one of the businesses you should consider.
Considering that the ATM market is expected to grow at 7.6 percent CAGR between 2014 and 2022, and this growth will see the industry generate nearly $22 billion, it is no surprise settling on a unique name when starting an ATM business is no easy task.
Picking the right name gives potential customers an idea about your services, creates a good first impression, and helps you stand out from the competition.
If you are struggling to choose a company name for your ATM business, one of the best things to do is just to start brainstorming. As you go through the tips outlined below, make a list of words, phrases, and terms associated with your business. From there, you can narrow down the list and cross off ideas you don’t like.
Best ATM Business Name ideas
- Apex ATM
- Baron Machines
- Cash Reserves ATMs
- Paper Tycoon ATM
- VirtuBank Kiosk
- Caille Bros.
- Machine Matrix
- Macho Machinery
- MEI Conlux
- New Orleans ATM Prime
- Capitol Area ATM
- Captain Cash Services
- Wilmington ATM Services
- Downton ATM Kiosk
- Eastern Ave ATM
- Wing St. ATM
- Elm Blvd. Autoteller
- CentralCoast ATM
How to Come Up With a Good Name for an ATM Business
Determine Your Business Goals
A business name is expected to be memorable and catchy, relatable to your clients/customers, and set clear expectations relating to products, services, or a general sense of your business. Make sure that you are aware of your desired target market, how you want to appeal to your customers, and the specific emotions you want your brand name to evoke.
Many ATM businesses are specific to a geographic service area. So, if that’s true for your business, consider adding a location-specific term to your business name. You can consider things like:
- City nicknames
- Regions or states
- And descriptive terms
However, try to imagine what happens if you expand outside your intended service area. Does the name become limiting? Therefore, it is best to avoid it if you plan to expand or change directions later.
Avoid Business Names That Are Hard to Pronounce, Hear, or Spell
Even with the technological advances of voice search, assistants like Siri and Alexa struggle to understand slang and other confusing words. Note that it could limit how often your business shows up in voice (and text-based) search if your name is hard to spell, pronounce, or hear.
Owing to that, it is necessary to avoid complicated words, industry jargon, and using numbers in place of letters. While having a unique ATM company name is good, being too unique may not be so good. Keep your business name as simple and easy to remember as possible so potential customers can easily find you.
Consider Alliterations and Rhyming Words
Alliterations and rhymes are catchy and quite easy to remember. Owing to that, they make for great business names. Howbeit, it is not always easy to come up with them. Start with picking a few of your favorite words from your master brainstorm list. You can then Google “words that start with S” to come up with a unique name. Alternatively, you can search “words that rhyme with _____.”
Have it in mind that this process can be time-consuming, but it is an excellent place to start. And don’t forget to add any exciting finds to your brainstorm list while you’re at it. Try not to over think the names you come up with during this stage. Just write them all down as some of the more interesting ones may spark better ideas later.
5. Avoid Initials or Obscure Acronyms
Initials and unusual acronyms are challenging and not so easy to remember, so they more or less don’t make great business names. They can also be challenging to pronounce and confusing for voice search as well. In addition, there are 325 different two-letter combination possibilities in the English language. And the odds of your customers remembering the specific letters you chose are pretty small.
Another factor you should also consider when brainstorming name ideas is whether there are industry-related words that could also lend themselves to be used in a logo. For instance, an ATM business could use an image of an ATM or the types of locations you will place them and focus the name around the image.
Try the Owner’s Name
If you’ve come this far and are still finding it very hard to pick the best name, you can always consider using the business owner’s own name. Doing so works well if the owner also plans to be the face behind the business. However, one thing to keep in mind is that using the owner’s name as the business name can make it more challenging to sell the business in the future.
Register Your Business Name
Once you have chosen your creative, classy, and brandable atm business name, make sure you secure a domain name, especially if you want to establish an online business presence. There are a few steps you can take to successfully establish your brand recognition, credibility, and loyalty:
- Choose a business structure for your atm business. Structuring a business (e.g., LLC, corporation, etc.) will help reduce liability.
- Design a logo for your atm business. Creating a logo for your business is vital for increasing brand awareness, and there are several logo maker tools available to help you design a unique logo.
- Make a website for your atm business. Simple drag-and-drop builders like GoDaddy and Wix make the process simple and quick.
Naming a business is one of the most important steps for an entrepreneur — the business name should clearly identify what your business offers. The name you should consider choosing for your ATM business should be one that is creative, unique, and memorable.
While it is important that you do a name search within your city in order to find out if your proposed business name has been taken, you should also have other names as a backup.