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What are advantages to purchasing multiple domain names for a single website?

When purchasing a domain name, what are some advantages of purchasing additional domain names that are similar to the original (which, of course, all point to the original website).

The two reasons I come up with are (1) that if a word is misspelled or if ones memory isn't as good as they thought, the person would still get to the correct website; and (2) it will avoid others from spoofing your site and/or stealing potential customers.

What are some other reasons and/or guidelines for multiple domain names for one site?

Thanks, dmg
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rdivilbiss
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>>it will avoid others from spoofing your site and/or stealing potential customers.

That's it in a nutshell.  But register your domain as a trademark, and you can easily remove competitors, should they attempt to take advantage of your business.

Of course, having a profit making business is most important.
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What if there is no product to protect? dmg
Then you bought some extra domain names.

Actually pointing extra domains at the parent domain could hurt your SEO, if that matters to you.

What is SEO?
Okay, I looked it up myself and SEO stands for: search engine optimization which is the process of improving the volume and quality of traffic to a web site. That makes sense.