The document provides a 5-step process for buying a domain name: 1. Brainstorm potential domain names that are relevant to your business and easy to remember. 2. Research existing domain marketplaces and check the history of potential domain names. 3. Approach domain squatters to negotiate acquiring desired domains that are privately registered. 4. Negotiate a reasonable offer with domain owners and consider options like cash, trades, or equity. 5. Finalize the acquisition and test the performance of potential domain names before making a choice.