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This domain name is ideally suited to a company in the search marketing or SEM sectors.
The word "SEOMagnate" contains 10 letters and three syllables. Successful brands using three syllable names include Vodafone, Toshiba and Sainsbury's.
Seomagnate.com is a dot-com domain. Dot com is the most prestigious domain extension. Once secured, a dot-com all but guarantees no-one else can outrank you for your own name in the long run.
One suggestion for how this name could sound when used.