You can obtain a domain by registering a new one. By new one I mean a domain that has never been registered before. There are other options, such as purchasing a domain from someone that is no longer using it. Some individuals sell domains for a fixed price and others put them up for auction.
All about GoDaddy Auctions
GoDaddy Auctions is one place to be able to find the domain name of your choice. Buying a domain name could be a hassle if you are trying to deal directly with the domain owner. With the aid of Auctions, however, you can choose to bid on a domain name and if you win the transaction takes place through a third party which is GoDaddy. All you need to get started is to obtain a membership. The membership is valid for an entire year.
Create a Watch List
To begin with, adding the interesting domain names to one’s watch list is beneficial, as it allows one to compare the asking prices, number of bids, and ending time of all the selected domain names. Searching for domain names is easy. Also, it is now possible for you to choose to bid on the expired list of domain names as well.
The buyer is required to deposit renewal fee for a year along with the payment for the purchased domain. Not a huge expense.
Localized targeting – Companies with Internationalized Domain Names often cater to those specific markets or have their business operations set in that particular region. Geo-targeting becomes easier with the aid of IDN. Major search engines like Google offer special attention to the websites which are a part of Top Level Domains or TLD, and give more weight to the websites which have Internationalized Domain Names, which makes them more visible. Regardless of the domain extension you can use a 
Like many entrepreneurs I have a varied background, a Computer Science Degree as well as a Law Degree (programmed and practiced Intellectual Property law). I have well over 10 years of online business experience, have started companies, run companies, and raised venture capital on both coasts. Find me on 