As a web developer, I get asked this question quite a bit…and the answer I usually give is, YES! If you have a great idea for a web address name (called URLs in tech speak), go ahead and purchase the domain even before you are ready to build a site. Domains only cost about $8-10 per year to own, and you can renew them indefinitely once you own them.
I do give a quick word of caution, though, when you are ready to purchase a domain name (or multiple domains). Consider who you might like to have as your host down the road. It is MUCH easier to use your domain with the company that holds the registration – even if that won’t be for months or a year down the line. (more…)