Currently, there are only three generic top level domain names (gTLDs) available to register; .com, .net and .org. The Internet Corporation for Assigned Names and Numbers (ICANN) has responded to the growing shortage of realistically useable domain names and are creating 7 new gTLDs, .biz, .info, .pro, .aero, .coop, .museum and .name.
The .biz new top-level domain name is specifically for business use and has been described by some as “the new dot com”. It is particularly useful to companies that missed out in registering their preferred .com name previously.
Applications can be submitted for .biz domains, at just