Domain Registration
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A domain name is a way to identify and locate computers connected to the Internet. No two organizations can have the same domain name. A domain name always contains two or more components separated by periods, called "dots".Register your domain to distinguish yourself and promote your business.

Here is the few reasons of why you get Domain name:

You would like a domain to reflect your personality.

You want to keep up with current market trend.

Because your competitors have one.

You want your customers sitting in USA to get a feel of your Business.

You want to give better service to your customers.

Your company has registered trademark or brand names.

You want to give complete information of the company.

Some of the common top level domain names with
their significance are :
.COM is for commercial, for-profit people and organizations.

.EDU is for 4-year, degree granting colleges/universities.
(schools, libraries, and museums should register under country domains)

.GOV is for United States federal government agencies.
(state and local governments register should register under country domains)

.NET is for network infrastructure machines and organizations.

.ORG is for miscellaneous, usually non-profit, organizations.
(for use by organizations and individuals that do not clearly fit in any of the above)