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.Biz was created with goal of having an extension explicitly for business. It has restriction that it only be used for bona fide business purposes. Some people are less enthusiastic about .biz, feeling it is slangy, while others feel it will do well in time because of its specific desigation as business tld. It is seeing growing use and even some good resales.
CCTLDS were recently made available at second level with three major countries - USA, China and India (.us, .cn and .in). These were all previously heavily restricted or only available at third level. Of these, .US does require us citizenship or a presence in us for registrants. Many feel these extensions will do very well in time because of their indentification with country they represent. One cctld, .de, has been extremely successful, with registrations rivaling .com and seeing some very high priced resales. Some feel these other cctlds could also do well in time.
Which domain extension should you choose and register? Most would recommend .com, and if it is avaliable in name you want, .com should be tld you get. If name that you want is not available in .com, then you may want to consider other extensions such as .info, .biz or one of cctlds. Some feel that other extensions in time will develop .com-like recognition and be typed-in and be well known as they are advertised by businesses that start to use them. Others feel that this is unlikely to happen to any great extent due to strength of .com brand. In any event, it is a good idea to register .com (if available) even if you want new tld name (and it is available) because some people may make a mistake and go to .com (as previously discussed). If you register .com, you prevent someone from registering it and profiting from this traffic.
As far as actual name goes, it may be good idea to get a name that describes your business in shortest way. It ideally should contain a keyword related to your business. This way it may be easier for people to remember your site.
In addition to registering new domain names, you can also register expired domains using a domain drop catching service or you may be able to buy a domain name from a registrant through a domain name broker service, if not directly.
Tom is a webmaster. Visit the expired domains guide for more information about domains and expired domains.