Premium domains are domain names that have been registered previously and are now available for resale at a higher price than standard registration fees. They are considered premium because they have high value characteristics such as short length, easy to remember, and generic terms.

The process of acquiring a premium domain works like this:

1. Search for available premium domains: You can use a domain registrar’s website to search for premium domains.
2. Check domain availability: If the domain is available, you can proceed to purchase it.
3. Make an offer: You can make an offer for the premium domain, which may be accepted or rejected by the seller.
4. Negotiate the price: If the offer is accepted, you can negotiate the price with the seller.
5. Transfer ownership: Once the price has been agreed upon, the transfer of ownership can be initiated and the domain can be registered in your name.

It’s important to keep in mind that premium domains are often in high demand, so the price can be significantly higher than the standard registration fee and there may be competition for the domain.