The first step towards a new website includes ordering a domain (url) such as www.your-site.com. Domain cost about 10 dollars per year. Although domains are inexpensive, having a good one is essential to your site's success. A domain name is the online "address" which directs all traffic to your Web Hosting (Step 2), your "plot of land" on the internet.

Tips on picking a domain –

If they're charging more than 9 dollars, they're charging too much.
Companies like GoDaddy slap riduclous fees on a 9 dollar puchase that can reach well over $100 dollars for ridiculous packages that are probably not needed, or that you can get at another company for free. Try not to fall for such ploys.

For the most part, try to pick a domain that will be short, catchy if possible and easy to remember. Many people decide to use their name, core values, or a theme they’ve designed to help market their website online. Just about any name can work as long as you choose something that represents you and that will stick in your audience's head.

Be sure to avoid choosing extremely long domain names, domains that closely imitate an established business's domain, names that may be misinterpreted by spam filters, or names containing words that are commonly misspelled.