Don’t want to splurge on an expensive domain name, when you’re not sure whether or not your business will make it off the ground? Don’t have the know-how on how to design a professional looking logo? Stylate is an interesting little website that addresses the niche needs of the up-and-coming frugal startup.

If you’re at the inception stage of a brand new business, it might be worth your while to check out Stylate. The site provides customers with a brand name, logo and a domain, all for $250.

The site makes it easy to make some pretty big decisions by simply putting them in the hands of another person. It might be a scary thought to leave the name of your business up to a complete stranger, but it can also easily be an extremely liberating experience.

Would companies like Google, Twitter and Facebook have been as big a success as they are today if they had chosen a different name or logo? Reading the story behind how some of the most recognizable brands got their names, often purely by accident, Stylate’s method doesn’t seem like such a bad idea.

stylate Cant think of a name and logo for your new startup? Stylate will save the day for $250

If you want to create your own startup and have no idea where to begin – down to the industry and what kind of business you want to run – Stylate can even be a great source of inspiration.

If, on the other hand, you know what industry you want to focus on, you can narrow the logos and domain names down, with current categories including e-commerce, marketing, travel, shopping and even design, among others. Although to be honest, anyone who wants to start their own design company might not have the best success rates if you’re planning on buying your logo from a site like Stylate.

Stylate won’t appeal to everyone, and the site is bound to have detractors who will question any business which starts out by buying a pre-set domain name and a pre-made logo. But according to Stylate, you could easily spend as much on your prototype as you do on your domain name, and for startups that are pivoting, or who eventually close their doors, $250 sounds like an awesome deal.

Would you use a service like Stylate? Let us know in the comments.