Keyword frequency in search can be determined using seo tools like Overture search frequency tool , wordtracker , Google’s external tool and Google’s trend tool. The more searches conducted on a particular keyword or set of keywords, the more valuble that keyword or set of keywords is. Thus the more valuable the domain becomes.
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You will have read many opinions and many ranks for the most popular domain name extensions. Some of these opinions are just personal opinios without any evidense .