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If you need a domain for the long term―two or more years―it’s wiser to pay a small fee for a .com domain instead. This looks more professional and is generally more trusted by visitors. However, if you only need a temporary free domain name―for a test site, for example―and aren’t too concerned about appearances, dot.tk provides a simple, free alternative. Click here to get started with dot.tk.
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Once you decide you price range, you need to consider how long you'll need web hosting. If it's a short-term project—say, less than a month or two—you can typically receive a refund should you cancel your hosting within 60 days. Some companies offer 30-day money-back guarantees, others offer 90-day money-back guarantees. Once again, it's beneficial to do your homework.
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.