Get your domain name before someone else does
It is important to register your domain before someone else does. Once your domain has gone it can be registered for anything up to 10 years by another party.
There have been some high profile disputes over the years when it comes to domain ownership. One was with the ownership of BruceSpringsteen.com a dispute the boss lost in the end. His domain now is BruceSpringsteen.net
A similar dispute occurred between Microsoft and a gentleman named MikeRowesoft whose name sounded a lot like Bill Gate’s company. This case was settled out of court.
The point of these stories your domain name should be registered as quickly as possible.