It’s amazing to know that the internet held nearly a quarter of a billion registered domain names as at the end of 2012 yet many of them did their owners no particular favor. The problem rose from the way they chose their domain names which is a critical part of defining a business online.
Choosing a perfect domain name is crucial to the survival of your website/business no matter what type of site you want to build. A lot of times people get so caught up in the design process that they forget that their domain name will usually be the first thing people see (and remember).

Read more at http://www.yomi.ashiru.me/2013/11/21/choosing-right-domain-name/#2xJ4jDOLV0cAeT1p.99