Having a short and snappy domain name makes it easier for your customer to remember your website address, and easier to type into their Internet browser.
2) Go for something catchy
Keep in mind that your domain name doesn't have to be boring. In fact, if you can come up with something catchy - it's a great way to distinguish your business from the competition - just ask the people at Yahoo!.
3) Avoid using hyphens
We've found that hyphens in domain names tend to confuse people.
Sometimes you'll see websites that have a hyphen separating keywords (e.g. ace-accounting.com). This is almost always because the preferred name (aceaccounting.com) has already been registered by someone else.
If the domain you want is already being used by someone else, then you're better off coming up with an alternative name then using hyphens.
4) Avoid using numbers
If possible, try avoiding the use of numbers in your domain name, as this can also lead to confusion (e.g. was that 3phones.com or threephones.com ?).
But if you have to use a number, make sure you register both the written and numerical versions of your domain name (3phones.com and threephones.com).
5) Grab a thesaurus
If you're struggling for inspiration or finding it difficult to come up with a name that hasn't already been taken - grab a thesaurus (or visit Thesaurus.com)
Say you run an adventure tour company and you want to register excitingadventures.com - but somebody has already registered the domain name.
Lookup the word 'exciting' at Thesaurus.com and you can quickly find an alternative like 'breathtaking, sensational or fascinating'.
And don't be afraid to use a little imagination - companies like Google and Yahoo! have benefited a lot by having a unique web address.
About the Author:
Adrian Mullan is the author of the Internet Demystified and founder of http://www.webdummy.com - an internet marketing resource for small business owners.
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