You gain the most web-building functionality if you create a self-hosted site. This typically involves transfering the free WordPress CMS to server or signing up for a web host's optimized WordPress plan. With an optimized plan, the host automatically handles backend stuff, so you don't have to worry about updating the plug-ins and CMS, and enabling automatic backups. In these instances, the WordPress environment typically comes pre-installed on the server.
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Squarespace is a website builder and hosting provider that offers a free domain with hosting plans. Its $12/month Personal plan comes with unlimited storage and a drag-and-drop builder. Its $18/month Business plan further offers email, analytics, and payment processing with a 3% transaction fee. Its industry-specific templates make it best for time-strapped companies that need to choose a template quickly, and then add information for a professional design.
A domain name is a website address made of a website name, followed by a dot, then an extension like .com (fitsmallbusiness.com, for example). You can receive a free domain by buying web hosting packages that include them or via domain name registrars offering little-known extensions like .tk. Paid domains offer extensions that lends to greater business credibility like .com or .net domains.