When you make a decision to establish on-line presence for your business you step in the world of unknown and sometimes confusing terms. Domain name, web hosting, shared hosting, VPS, RAM, dedicated server … you can easily get overwhelmed with all of it if you are not an IT specialist. So where do you start? How do you make sense of it? And how do you determine what is the best for your website? If you are just starting with your first website you need only 2 things: Domain name Web space What is a domain name? In layman’s terms domain name is the name and address of your website.