The Benefits of owning variations of your Website's Domain Name

While looking around the usual collection of Technology News Websites the other day, an article on the Windows Phone Central website caught my attention.  the title of the article was

Microsoft snaps up Xbone.com, giving into the Xbox One nickname it despises

To sum up the article, it basically covered Microsoft's purchase of the Domain name xbone.com in their collection of Domain names that presumably will link to Microsoft's xbox.com website when users type in the Domain name looking for the Xbox One's Website.

This practice, actually can be a very wise move for a Business. In this modern age, when more and more Businesses have an online presence, it's quite possible to run into situations where your website's Domain name could see you competition create a Site much like your own. It also allows you to help prevent the risk of your potential clients typing in the wrong extension and landing on a site that infects their computer with malware.

The best part of this, is that the cost to register additional Domain names (Ie, having Domain-name.com, .ca, .net etc.) is a very little per year cost- with many Domain Registration sites charge under $10 a year to register a Domain name, and each of the sites you register outside of your main site really only require one line of code written to either redirect or mirror your Main website when the customer reaches the registered Domain.