Begin with a list of about 10 domain names that you would like to have. Next, make a list of single word keywords related to your market and also the ones that describe what you do and the customer base you provide. If your market is localised, consider using geographical terms that relate to where you sell or provide your services. Spend some time brainstorming to come up with the initial names and additional lists of single word terms. You may want to use a keyword research software which I thik will do the trick in helping you. Try and get atleast 20 keywords that best describe your business.
Now search them in a Domain Registrar website like Godaddy or register.com and you can find the list of available domains for sale. By the time you complete you should have atleast five available domains with extension as .com itself. Select the best one of the five. Check which has the most number of searches on that keyword and register that domain name immediately.
The domain name may not be significant for search engine optimization yet, but the length of your registration will be. The best thing is registering the domains for 2 years minimum, and 4 to 10 years if there are bucks in your pockets. Search engines consider that the length of your registration reflects your commitment to be online on a long term basis, so at today's prices 5 years is practical and should cost you less than $50 USD.
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