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It makes the websites more authentic that obviously increases the number of customers in a website. It is also possible to transfer a domain name from one domain registrar to another. As a result, many people when starting a business try to save costs and choose cheap domain names from cheap domain registration companies. While some customers will buy regardless of domain extension, and some search engines will put little value on this, it is a factor to consider. They also receive 1, 2, or 3 free domain registrations respectively. All these classification is done by the IANA which is Internet Assigned Numbers Authority and it looks after all these top level domains. You need to make sure that your domain privacy is disabled or paused if you want to transfer the ownership of your domain to someone else.

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