Alright, next up is the place that pretty much makes you choose your hosting provider. After all, what's hosting if you haven't got a site address for people to go to? GoDaddy is one of the places to go in order to purchase your domain, or web address. They usually have promotions going on for bundles and/or package deals.
One thing I will say: You do not want their hosting service.
While GoDaddy provide both domains and wed hosting, most people only go there for the domains. Sorry to say for those that might be considering these guys for hosting, but they really suck. I tried it early last year (2011), just to see if the reviews I read were just exaggerated. Well, they are not. If it wasn't down times, it was the user's area not loading. Seriously, how's anyone supposed to update their websites with this???
So their hosting sucks, but you only really need them for their domains. Get a different web hosting company otherwise.
Also, they have auctions for closed/expired/aged domains. Now this is another plus for them. If you are looking to create a website and have it rank well on search engines quickly, buying an aged domain may benefit you more than a new one. I do however suggest this only for those who know how to check the backlinks and information on the domain(s) of interest. Reason being that the one you buy may have been closed due to illegal reasons, so search engines might not take it.
And before I forget, here's a little something to start you out. They have a promotion going on now for domains. It's 30% off your order, good until 3/27/12: Click Here
I believe it's not just for first time buyers, so get it now while you can.
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