Certainly, part of the fun of opening your self storage business is coming up with a name for your facility and the logo that will adorn the building, signs, uniforms and cards, as well as translate to the domain name, website and e-mail for your business. But before you finalize the name and the logo and spend the advertising money to go along with it, every operator should check not only the availability of the domain name that they intend to use, but also whether the name or logo have already been trademarked.
When it comes to the domain name, even if the name of your business is available, there is still an issue of potential customer confusion if the domain name you are planning on using is similar to others (especially since the word “storage” is found in most of them).
Due to the abundance of disputes over domain name usage, a process for dispute resolution was even created by the Internet Corporation for Assigned names and Numbers (known as “ICANN”). The process is called the Uniform Domain Name Dispute Resolution Policy and is typically managed through arbitration.
Keep in mind as well that, unless you protect the domain name you choose, third parties could seek to use the same domain name by registering it through other domain services (like .biz, .net, .storage, etc.), which may weaken the strength of your website traffic.
Before you begin the application process, you can research the tradename or trademark to see if its already taken by checking the Trademark Electronic Search System Database, available on-line. Although uncommon, existing trademark holders can assert an objection to an application if they believe the name or mark applied for is too similar to their own name or mark. It is important to note that person’s names, geographic locations and common words are themselves ineligible for trademark protection. If there is a dispute over the use of a tradename, mark or logo, it is common practice to initiate an infringement dispute by first sending a cease and desist letter. Unlike domain name disputes, jurisdiction for trademark infringement actions is in the courts.
Since the internet does not separate by locality, state or region, be prepared to go to battle if your self storage name, logo or domain name happens to be similar to one that may be on the same street or even across the country.
Otherwise there is a risk that your money and time spent could be lost if the name or mark is already being used or is similar enough to a prior name or mark being used by a competitor.
Pros and Cons of Self Storage SBA Loans vs. Traditional Loans
Decide wisely between SBA and traditional loans for your self-storage business. SBA offers lower down payments, but traditional loans provide lender reliability. Make informed investment choices for your storage facility.