From a branding perspective, especially my perspective, owning the exact match of your service or product is a must if you can afford it and it's not taken by an operating brand.
Yes and no.
If you can grab a "category killer" domain that's relevant to your business, go for it. You can't go wrong there.But if its a longer phrase? You actually confuse and dilute your branding.
Let's say you're a lawyer and you get "PodunkInjuryLawyer." The lawyer across the street gets "PodunkInjuryAttorney." Someone across town has "PodunkPersonalInjuryAttorney." See the potential for consumers to get them mixed up? But if you focus on marketing your actual practice name to build awareness, people will remember your brand.
(If that's actually a term that pays the bills and it helps you rank, it may be worth it, but I've seen companies brand or build minisites on emd's that get little to no traffic or get non-converting traffic.)
I'm listening to the whole thing now and one thing in particular irked me at the start. "EMDs are risky", wait what!?
I'm guessing his point is that you're at risk of over optimizing on page SEO, but I mean if you're over optimizing on page SEO then you're doing just that and you'll get a smack down from Google regardless. On page SEO has and always will be about just enough but not too much.
Not just on page - anchor text in links to your site. Too high a percentage of exact match anchor text
can set off red penalty flags. Easier to overdo it and look like you're spamming.
However if you're not in a spammy hiche and you have strong brand signals on your site (like if this is a genuine business), you have a lot more leeway. They won't slap someone for using their brand name, but they need to be convinced it's really your brand name. They get suspicious if your "name" is "BuyDietPills" "PaydayLoansHere" or "BestHostingCoupons."
From an seo point of view before anyone could build out an emd, get some traffic from google and make some money.
The quick money grab sites were precisely why Google dialed back the importance of EMD's. Brands and businesses were complaining loudly and repeatedly directly to the webspam team.
It's still a ranking factor, just not like it was. For those of you who don't remember the web pre 2010, you could put up a site on an emd and outrank big brands for that keyword - even for fairly competitive terms, without a lot of links.