Before going through the steps, you must first know that a domain name should be such that it is easily recognizable and memorable for the users so that they can easily return back to you the next time they want to. If you are able to get hold of a domain name that directly relates with your business, it will help you rank higher and better. Thus, a good domain name indirectly impacts Search Engine Optimization by increasing relevant traffic.
Try buying the domain
It is possible that you can buy the domain name you want from the webmaster who owns it. If the domain name is being actively used, chances are almost nil that the webmaster might want to sell it to you. But, if he hasn't yet started using it, you may be able to buy it from him. Although you will have to pay a heavy price for buying it but, it definitely is worth it. Just like in the case of real estate property, you can even hire a broker in this case who can make the deal easier for you.
Wait for the domain to expire
If you have enough time and are ready to wait, then wait for the domain name to expire. There are services available in the market who you can hire for looking out for the domain you want. These services will let you know when the domain is close to expiry and when it will be available for new registration. But, this is not a very reliable option because one or two months prior to the expiry of the domain, the owner will also be informed of its expiry and will be asked for registering it again. So, it is likely he will renew the registration and have it for himself again. The only option is that the owner does not want it anymore and decides not to renew it or if you contact him before expiry to see if he is interested in selling it to you.
Try new extensions
There is another option of having the domain name that you desire by just changing the extension to one that has not yet been registered for. For example, the domain name you want might be already registered with .com, so you can opt for other common extensions like .net, .org, .co, .us, .uk and .info. It is highly possible you get a domain name from any of these available options. But, if at all you don't, then there are many other extensions that have come up recently like .green, .website, .design, . social, .club, .app, .store and many more.
Slightly change the words
If you have only a single word in your desired domain name, you can try adding another word or two that can better represent your business. If you already have two or three words in your domain name that is unavailable, then try rearranging the words in a different order. For example, XYZ can be changed to YZX or ZYX, if it doesn't sound too vague.
I bet you never knew choosing and getting a desirable domain name would be so troublesome! But, don't fret. It is absolutely normal to face problems when you try to select a domain name. If you are looking for an affordable domain registration, you can come to Jain Technosoft, where they also help you transfer domain names that you might have registered with another registrar and provide renewal facilities that are already registered with them or any another service provider too.