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This domain is ideally suited to an e-commerce, technology or retail company.
Cheaphounds has 11 characters and only two syllables. Two-syllable names are exceptionally rare and highly valued. Successful brands using two syllable names include Walmart, Walgreens and Subway.
Cheaphounds.com is a dot com domain. Dot com domains are the most desirable top-level-domain in the world, used by famous websites like youtube.com. Once secured, a dot com all but guarantees no-one else can outrank you for your own name in the long run.