There are limitless options as far as a website name is concerned. You could choose to create a new domain name or a website name with the hosting company. Another option is to purchase the name which is already in existence. Businesses or individuals would purchase domain names in bulk and hold these domains until the buyer is willing to pay a higher price for it.
Purchasing a website name is more than compiling a few words together. The name of your website is one of the decisive factors for its success. While buying a domain name from a hosting company, you must only choose the company that is willing to extend support as well as necessary tools. The name of the site would happen to be the prime focus of the entire site. Using the right words in the name would ensure that your page names as well as the content revolves around your site, so as to ensure better success. For the most part, hosting companies would allow you to either purchase one domain or buy as many as you like. These days, you could also get customised hosting packages, in accordance to your requirements.
Businesses or individuals usually resell domain names at a higher price. The purpose here is to buy high-demand website names, the ones which are actually sought after. The cost of these domains is usually twice the price of a regular domain, since it includes higher-value keywords as a part of the domain name.