As long as today it can be close to impossible to communicate your ideas if you do not have a website on the Internet, there can be more than one reason for you to buy domain.
Whether you are a business owner or a web designer, a website can be a great way for you to share your thoughts and ideas with the entire world. A website can be very simple or on the contrary very complex, but in any way it needs a name and this name must be registered. Hence, the first step for you is to choose a good name for your website.
Your domain name must reflect the main idea of the website. As an example, if you want to sell products or services on the Internet, you can give your website the name of your company. The name must be catchy and simple. It must be easy-to-understand so that even the foreign audience could remember it. Finally, it must not be used by someone else, or else you may face serious copyright problems. Given that as soon as you buy domain it becomes your property, you are the one who is responsible for its name. Hence, it will be a bad idea to use a name of a well-known brand for your site.
With the right domain name, it will be really easy for you to set up an effective website on the Internet. But if you want to make it even more effective, you need to choose the right domain name extension. Basically, there are two types of domain name extensions. Your website can have either a regional or a generic domain name extension. It depends on your target audience which of the two options you will choose and whether you will buy domain with a generic or a regional name. The only thing to keep in mind here is that generic domain names are somewhat more expensive than regional domain names. The thing is that it is easier to find a generic domain name in a search engine wherever you live. On the other hand, if your target audience lives in some particular country, it can be much more reasonable to buy an affordable regional domain.
If you want to buy domain but do not want to create a site right away, you can always park it. In fact, it is a very popular way of making money today. People buy domain names in bulk and offer these domains for rent. The profits really depend on the domain name, and this is another reason for you to choose a good name for your website. Even if you will not use it today, you can always rent it and make some money out of it. But whatever you are planning to do with your website, make sure you buy the domain from a trustworthy company. The best way to find a trustworthy domain registrar is to check if a company has ICANN badge on its website or not.