Great question - you're thinking the right way here.
I wrote a post on how I do this not too long ago. This is how we picked the name for StartupBros.
3 Steps to Validate Your Business Idea For FREE…almost
Also have another post coming out in a couple days on how we tested our way to the perfect logo...the tests are almost done!
Hope this helps, and let me know if you have any questions.
Will



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