Think of a business that you might like to establish. Use a word processor to define the business in terms of what product(s) or service(s) it provides, where it is located, and its name.
Go to www.godaddy.com and find an appropriate domain name for your business that is not yet taken.
Shop around online for the best deal on Web site hosting.
Write a paragraph about your experience finding a name, why you chose the name that you did, and how much it will cost you to register the name and host a site.