After registering your domain name, you need find a Web host where you can host your website. It can also be with the same company where you registered your domain name.
What's a Web Host?
A Web host is a server where you upload all of your website's files so that people can have access to it by entering your Domain Name on the address bar of their browser and hitting "Enter".
Bandwidth Limit
Like everything else there's a limit on how many people can load your Web pages or files. This is called "Bandwidth" or "Monthly Data Transfer".
If the size of a file (let's say a .zip file) is 1MB and 10 people within a month download this particular file, you already have used 10MB of your say, 1000MB (1GB) allocated limit. But I think you the point here, most HTML or PHP files are like 10KB, of course it also depends how big your website is (hint: number of pages) and how many visitors you get per month.
Do keep in mind that if you for example want to host MP3 files of 3MB each, you can easily have that 1000MB limit consumed.
Some Web host have a 2GB limit, others might have a 10GB limit. The higher the number is, the more you pay basically.
Web Space
Another important factor you should remember before you decide to buy a Web Hosting package is the "Disk Space for Web Server" (Web Space, in order words).
There's a limit on how much you can upload on your server, not in terms of "files", but in terms of "size".
Let's say that your Web space's limit is 10MB, well you can upload as much as files you want on that Web space, but altogether, the files must equal less than 10MB. It's a limit imposed so that you don't store as much as you want.
File Size Limit
There may also be a limit on how big the size of your files can be. Usually they put this limit, in order to prevent people uploading illegal MP3 songs or other big files.
I think those are two important factors you should consider when you'll shop for a Web Hosting package. There are also many other aspects to look at, such as types of files the Web Host supports (whether it supports PHP or CGI etc, the number of email accounts you get can, etc).
Don't forget unlike a Domain Name Registration, you'll be paying monthly after you buy a package. You might as well have to pay a one-time Setup Fee.
Cost of a Web Host Service
Just like domain names, Web hosts cost ridiculously very little money per month, sometimes, around 2$ per month.
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