The move would eliminate the five day grace period given to new registrations, which allows the organisation or person time to back out of a registration if they’ve made a mistake.

ICANN claims that removing the grace period could put an end to the practice of registering thousands of domain names simultaneously to test their profitability, then dropping the unprofitable ones without having to pay for their use.

So if you’re looking to get a domain registration, really get the one you want, or close to it, register and go ahead with whatever you’re doing. Don’t waste time by thinking too long about it because believe me, someone will snap it up.

Lots of people try to go immediately for .com or .net but sometimes that can be a bad decision, make the right choice according to your market. If your market is the UK, get a .uk.com domain or .co.uk.

Get the name you want, but also remember that your domain name should also reflect what you’re trying to achieve with it. If you’re selling computer parts, a domain name like ‘quality-computer-parts.co.uk’ would be a great choice, but probably already taken. Consider names that a service would suggest (many of them have guides on how to choose a domain name), or sometimes something with the client’s name in it.

Most of all though, don’t just settle with something for the sake of it. If you’re not happy, then your heart won’t be in it. Make the right choice, and then make that choice yours.