First of all you will need to pick a good domain name. You want to choose names that are relatively short and can easily be remembered. If there is a way to stick keywords into the name do so. If not, go with something that will pop up when certain keywords are entered.
Look for low cost domain registry. There are a number of services out there that charge under ten bucks a year. Stay away from the expensive domain hosting services like Network Solutions. More money does not mean that you will get more services. Domain registry services are fairly standard at this point so one service will pretty much give you the same options as another one. Websites.ws could provide you with a basic hosting and domain name service at a low cost.
No matter what domain registry service you choose you will have to search for the domain name you want. If it is available you will be given the name you choose and if it is not, a couple of different options will be presented to you. You can choose one of the variations that the registry gives you or you can come up with another one.
Once you have a domain you will need to find a web hosting company. Once again, web hosting services can be extremely cheap. Search for ones that are a buck or so and pick one. Once you have a domain name and web hosting service, you can start designing web pages. Domain registry services have tools you can use to design web pages but you also can use your own software to create your site.
Once you upload your website you will be able to start making money. If you have a product you are selling, try to network with website that sell similar products. Swamp links with those websites so that your site will come up earlier in searches. Be sure you are a part of an affiliate marketing program as well so that you will have a good amount of link partners. Go with a free affiliate marketing program as well. The links are just as good as the ones that you may pay for with a program that charges money.
You should be able to generate some money from having a website. However you will need to keep up the maintenance on it and update links regularly. If you have moderate web designing skills you should be able to design your website and make some type of earnings off of it.
Below are some links where you can find companies that provides web hosting service and domain name as a package. Plus, you could be their eligible re-seller!
