This is a very important point. If there is no hosting, there is no site….So the use of a good website hosting is an important point. I suggest you to read this article, in order to be able to choose free website hosting or paid website hosting for your Website:
http://www.unixtools.com/free-website-hosting-or-paid-.html

Find a good domain dame, in accordance with the niche where you want to work. A domain name which is suitable to the subject matter treated as META KEYWORDS, which contributes to place the results among the first hits in the search engines.