Domain names are created to make IP addresses easy to remember. Every computer has an IP address assigned to it - much like a street address. But instead of having to memorize each IP address number, we assign domain names to these numbers so we can easily remember them. The domain name system, or DNS, takes domain names and translates them into their IP addresses so that computers can communicate with one another.
Web hosting is a service that allows organizations and individuals to post a website or web page onto the Internet. A web host, or web hosting service provider, is a business that provides the technologies and services needed for the website or webpage to be viewed in the Internet. Websites are hosted, or stored, on special computers called servers. When Internet users want to view your website, all they need to do is type your website address or domain into their browser. Their computer will then connect to your server and your webpages will be delivered to them through the browser.
Why? Because word of mouth only gets you so far in the internet era. People discover new businesses—even local business—via Bing, Google, and Yahoo. The days when they'd just look you up in the yellow pages are long gone. If you don't have a sharable website address, your chances of building online word of mouth via social networking plummet, too. In other words, no website, no discoverability, no money. Of course, web hosting isn't just for businesses. You may want to host a personal website or blog, too. Either way, the services here have you covered. 

Note: The dual meanings "host"/"guest" of Latin hospes and its progeny are due to customs of reciprocity: a person serving as guest on one occasion would act—and be expected to act—as host on another occasion to a visiting former host. Both Latin hospes and Slavic gospodĭ have undergone a considerable degree of phonetic reduction from their putative etymons—in particular in the Slavic case, where Latin unstressed syllable reduction and syncope were not at play—leading some to question the correctness of the etymologies. Parallel compounds with the same second element are Greek despótēs "master, lord" (going back to *dems-pot- "master of the house"; see despot), Sanskrit dámpatiḥ "householder, lord of the house," Avestan də̄ṇg paitiš; Sanskrit viśpátiḥ "chief of a settlement/tribe," Avestan vīspaitiš, Lithuanian viẽšpats "lord" (with outcomes of Indo-European *u̯iḱ-, *u̯oiḱ- "house, community"; see vicinity). 

You can also host your website on WordPress.com, but that's different from the kind of hosting mentioned above. WordPress.com uses the same code from WordPress.org, but it hides the server code and handles the hosting for you. In that sense, it resembles entries in our online site builder roundup. It's a simpler but less flexible and customizable way to approach WordPress hosting. It's definitely easier, but if you want to tinker and adjust and optimize every aspect of your site, it might not be for you.
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