From Wikipedia, 2010 March 15th

A Web Content Management System (WCM, WCMS or Web CMS) is content management system (CMS) software, implemented as a Web application, for creating and managing HTML content. It is used to manage and control a large, dynamic collection of Web material (HTML documents and their associated images). A WCMS facilitates content creation, content control, editing, and essential Web maintenance functions. The software provides authoring (and other) tools designed to allow users with little knowledge of programming languages or markup languages to create and manage content with relative ease.

From Wikipedia, 2010 March 15th

A web hosting service is a type of Internet hosting service that allows individuals and organizations to make their own website accessible via the World Wide Web. Web hosts are companies that provide space on a server they own or lease for use by their clients as well as providing Internet connectivity, typically in a data center. Web hosts can also provide data center space and connectivity to the Internet for servers they do not own to be located in their data center, called colocation.

Domain name is very important to a website, just like how a company name is important for a company. Hence, picking a good domain name is just as important. Before you rush out and choose your domain name, you might want to consider these points. Pick a domain name that is easy to remember, the domain name itself shall suggests the nature of your products / services, or serves as a strong trademark.
What makes a good domain name?

From Wikipedia, 2010 March 15th

A domain name is an identification label that defines a realm of administrative autonomy, authority, or control in the Internet, based on the Domain Name System (DNS).

Domain names are used in various networking contexts and application-specific naming and addressing purposes. They are organized in subordinate levels (subdomains) of the DNS root domain, which is nameless. The first-level set of domain names are the top-level domains (TLDs), including the generic top-level domains (gTLDs), such as the prominent domains com, net and org, and the country code top-level domains (ccTLDs). Below these top-level domains in the DNS hierarchy are the second-level and third-level domain names that are typically open for reservation by end-users that wish to connect local area networks to the Internet, run web sites, or create other publicly accessible Internet resources. The registration of these domain names is usually administered by domain name registrars who sell their services to the public.

What's the first thing you'd ask when hiring a web designer? How much he charges perhaps? Well, all of us are hard-wired to get value for our hard-earned money, so it’s understandable if you want to hire someone who’s cheap. Indeed, price wars are a major challenge for web design in Malaysia.

In my opinion, however, one thing’s for sure, cheap web design isn’t really all that cheap. In fact, it can be the most expensive sort of web design out there! How is this so? Well, you might very well save a few bucks in the beginning for hiring a cheap web designer, but the truth is that the design is very likely being done by a freelancer or student.

The downside to this is that he’s probably a ‘one man show,’ doing practically everything from design to programming, domain to hosting, support to communication, and all this on top of his regular job or studies.