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Normally the web design companies will quote web design package includes all costs necessary to build up and maintain your website in a first year. Since the following year, the minimum cost that you pay includes the cost of domain name and web hosting. Also, in some cases, you may need to pay additional costs for website maintenance, usually this is an option.
A web hosting service is a type of Internet hosting service that allows individuals and organizations to make their own website accessible via the World Wide Web. Web hosts are companies that provide space on a server they own or lease for use by their clients as well as providing Internet connectivity, typically in a data center. Web hosts can also provide data center space and connectivity to the Internet for servers they do not own to be located in their data center, called colocation or Housing as it is commonly called in Latin America or France.
A domain name is an identification label that defines a realm of administrative autonomy, authority, or control in the Internet. Domain names are hostnames that identify Internet Protocol (IP) resources such as web sites. Domain names are formed by the rules and procedures of the Domain Name System (DNS).
Domain Name System (DNS) is a database system that translates a computer's fully qualified domain name into an IP address.