>A premium domain name is a domain name that someone else already owns, but they're willing to sell it for the right price.
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>You could deal direct with the current owner but it's probably worthwhile to pay a small fee to an intermediary such as an established registrar to help with the purchase process.
>
>Prices are negotiable, you could start with an offer of a small percentage of a listed price and see if they'll bite. Most likely they'd counter-offer.
>
>Another option would be to get a domain on one of the new global TLDs: https://en.wikipedia.org/wiki/List_of_Internet_top-level_domains#English

Lots of valuable information, thanks