How to Choose a Powerful Domain Name for Your New Venture

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Introduction

Yes, having expansion plans as your company grows is reasonable. However, given how the world is shifting online, your marketing strategy must include a comprehensive physical and online approach.

Additionally, acquiring a premium domain name is something you simply cannot overlook when it comes to creating a good strategy for your company’s online development. However, many new founders have gotten stuck wondering how they can acquire a premium domain name for their business. 

Well, that’s what we chose to address in this article so that young entrepreneurs can give their businesses a solid footing in the online world.

Ways To Identify A Great Premium Domain Name

Check that the premium domain name you choose for your company meets these three essential criteria before using it:

Easy To Brand

One way to check for a premium domain name is to determine if your potential domain name is easy to brand. Easy-to-brand domain names stand out from their competitors; they’re innovative, memorable, and capture the essence of your company.

You must understand that premium domain names are the most distinctive domain names available online. Hence, using a premium domain name would play a massive role in establishing the foundation for your online presence by giving your company a unique and compelling identity.

And, because brandable domain names are typically derived from great business names, we recommend you devote time to selecting a solid business name.

Influential companies with strong brand names, like Tesla, Microsoft, Amazon, and Google, also got premium domain names that matched their company names. That said, ensure that selecting a memorable company name is your first concern, and you can do that by:

  • Creating Your Own Words: Get your entrepreneurial creativity to work and transform your brand’s services and identity into words that perfectly express them. Brands like WhatsApp and Gmail have gone down this path.
  • Using Existing Words: Finding well-known words that suit the personality and identity of your brand is another way to go and can be done with the help of a thesaurus and dictionary. Well-known corporations like Twitter, Amazon, and Tinder selected and gave regular words new meanings that suited their brands.
  • Using Abbreviations: Another method for generating a memorable brand name is to shorten lengthy words. Brands like MAC, which refers to ‘Make-up Art Cosmetics,’ and BMW, which stands for ‘Bavarian Motor Works,’ are two excellent examples. 
  • Using a Business Name Generator: Using a trusted business name generator is the quickest way to find a powerful brand name that aligns with the needs and the principles your brand stands for.

Must Be Simple And Sweet

Besides picking a brandable domain name, ensure that your ideal domain is short, sounds nice, and is easy to say. Giving your business a simple domain name would make it faster for customers to recall, refer to, and find your business online. And that’s because short and simple names are the perfect tools for addressing our limited human memory capacity.

Must Possess A Top-Level Domain ( TLD)

Even though the internet has advanced significantly, top-level domain extensions like ‘.com,’ ‘.org,’ and ‘.net’ continue to be the most well-known ones, and nearly every premium domain still utilizes them.

A total of over 1500 new domain extensions have been added in recent years, according to the Domain Name Association, a 145% rise. Yet practically every website visitor has the assumption that every domain name they visit must have a TLD, such as ‘.com.’

And despite the fact that top-level domains are more expensive than other popular domain extensions, every business desires one due to how beneficial they can be for gaining clients’ trust.

Nevertheless, if you are unable to get the ‘.com’ version of your chosen premium domain name, you could still succeed with country-code TLDs like ‘.co’ and ‘.uk,’ as well as emerging extensions like ‘.io’ and ‘co.’

Conclusion

Having a premium domain is still the simplest way to achieve internet success. For this to work, you need to choose domains that are brandable, simple, consistent with your brand personality and possess a TLD. And while you’re at it, avoid using symbols, digits, or misspelled words in your domain name, as they will only add unnecessary complexity to your domain name.

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