Although you will be told time and time again that you do not need a website of your own, actually you will be 99% better off if you do have one. It will open doors that you can’t imagine right now, but later down the road, everything from blogging, to building a base of leads to sell to, to reselling products will be a whole lot simpler if you get hosting.
The most well-known host is HostGator where you can pick up a hosted account for just dollars per month. At this point, you can choose any level of service you wish, but I’d recommend anything above the most basic level.
There are other well-known names as well such as GoDaddy, but in general, I recommend HostGator because more Internet Marketers use that more than any other host, which may come into play down the road in terms of compatibility issues. Before signing up, think up a unique domain name for your website. It should be fairly broad in scope in case you shift focus. For instance, if you name the site BestGolfTipsWorldwide.com, and then decide to switch to a focus on Gardening, Blogging, or Twitter as your “niche”, then you’ll need a new name!
Instead try MyGreatDigitalProducts.com or something like that, try to be generic. I chose my name glendacoker.com because I can always change my focus while still branding myself. Should you only choose .com and not .net, or .me, or .org, etc? Well, most folks remember .com the best, but that is hard to answer. I mostly get .coms myself and I usually use Godaddy, or Namecheap.
When purchasing a domain name, you should never pay more than $10.00 annually for your name.
If you want a ready-made blog, check out my video on Better Web Builder where I talk about a system that gives away an absolutely FREE one. No strings attached. Also, check out the other cool features with no money out-of-pocket.
Good luck! and Have Fun!