Are you considering doing business online? If you’re affirmative about that then, you need a home for your site on the Internet first, for that you’ll have to register a domain name.
A domain name provides your website an Internet address. Under the Domain Name System DNS, domain names are framed of the four elements – a server prefix, a domain name, a domain suffix or extension, and a country code (optional). For instance, www.hostguin.com is an example of a domain name where ‘www’ is the server prefix, ‘hostguin’ is the domain name and ‘com’ is the domain suffix.