The first step to setting up a new website is to buy a domain name. Prior to that, you need to have a few names in mind before you embark on buy the domain names. Domain names are very important to reflect the nature of your business. There must be a clear connection between domain names to nature of the business.

Domain names must be easy to remember, catchy, easy to spell and pronounce. It must also sound natural and does not have any other meaning.

If the domain name is an exact match to the search keywords, the websites will appear to the top of the search keywords. This will help to bring in traffic to your site. You can check against some search engines like Google, Yahoo and MSN.

Everyone knows of .com extension. However, there are many other extensions that are available for webmaster to purchase like .biz, .net. When you decide on a domain name, you may have to check against other extensions as well to make sure your competitors are not using the same domain name with different extensions. You may need to decide if you should consider buying all the extensions to block out any possible competitors in the future.

Even though you may have purchased your desired domain name, there are other similar domain names which you may want to consider purchasing as well to protect your branding and increase your traffic via multiple domain name searches. You can easily route the traffic from other domain names to your website by using the forwarding feature.

Unfortunately, most of the nice and cool names have been taken up. However, you can still try to purchase your favorite domain name that you like.

There are some websites that offers these exclusive domain names for sale. One of these sites where you can purchase or book a domain name is www.buydomains.com. Through this site, it can even help you sell your domain names for a nice premium.