Your prospective visitor has no way of knowing what your site is all about until she finds it and reads its contents. Who can ever tell that Amazon.com sells books? Or that Excite is a search engine? Your domain name can spell your success on the Internet. A good domain name is the best asset you can ever have. It can make your business stand out in the crowd, or just float aimlessly in space.

The need to provide immediate clues to an online business led to the prevalence of generic domain names. Generic names instantly provide the user with an idea of what a business is all about, what to expect and look for in a site. For instance, Etoys.com is a toy store.
The temptation of the generic name has been so powerful; that some companies even paid ridiculously high prices to get the name they want. The domains Loans.com and Wines.com were both bought for $3 million each. Telephone.com was acquired for $1.75 million, while Bingo.com sold for $1.1 million.

However, generic names do not necessarily create the “buzz” that you’d like surrounding your website. Branding has always been about proper names: McDonald's did not name their store Hamburger. Hertz is not called Car Rental. FedEx is not Mail Carrier. Kodak is not Photographs. Afqam is not Search Engine. Microsoft is not Computer Software.
For better branding results, your domain name should stand out and be easy to remember. Consider the following tips when creating a domain name:

The domain name should be short
The domain name should be simple
It should be suggestive of your business category
It should be unique
It should be easy to interpret and pronounce
It should be personalized
It should not be difficult to spell
It should not be difficult to remember

Domain names can be registered through many different Companies (known as "registrars")Most website hosting companies, as Explained later, will handle the registration process for you, but make Sure that you are properly listed as the owner of the domain when it is Registered. If you have registered a domain name for a specific period, Make sure you renew it in time. You’d be surprised at the number of Cases, where website owners have lost their domain name to a Competitor by not renewing it in time.

Using Expired Domains to Skyrocket Your Traffic
Domain names provide a great opportunity to make easy money. I’m not talking about Internet real estate, where you buy up good names and sell them on for a profit. If you didn’t get positioned in that market early on, you can forget about it. The bottom’s fallen out of the market and the best domains are long gone. I’m talking about expiring domains.
Thousands of webmasters invest time, effort and money to Promote their site and build up traffic. Many of them then lose interest and move on, leaving their site active. That means that although they still own the domain, they’re not actively promoting it. But they don’t need to. All the automatic marketing systems they’ve put in place are still bringing in traffic. The site runs itself.

Now, at some point the ownership of those domains is going to expire. If you snap up those domains once they come back onto the market, you’ve got a pre-built stream of customers. You can either rebuild the site, or redirect the traffic to your domain. It’s that easy. In fact, websites like DeletedDomains.com
actually do all the legwork and let you reap all the rewards. Do be careful when using other sites though. There are some swindlers out there that will sell you subscriptions, provide you with outdated lists, take your money and keep the good domains for themselves. It happens, and there’s little point in taking a risk with other companies when DeletedDomains.com does such a great job.