For this post we are going to assume that you are completly new to WordPress and perhaps to owning a website in general . Perhaps you don’t know what hosting is, or how you get it. The first thing you need to do is decide how much you are willing to spend to dazzle the world with your literary genius. You can either set up a free blog on wordpress.com or get your very own self hosted solution which may run you anywhere from a few dollars a month for a shared hosting account to several hundred or more for a dedicated server.
A wordpress.com site will have a URL that looks like yourblogname.wordpress.com while a self hosted blog will have a URL that looks something like yourblogname.com .The advantage with this approach is that it is free and very easy to set up. The disadvantage is that you can only use the themes and plugins that WordPress.com provides. You can not use custom themes or install commercial plugins. If you are just starting out and this is your first adventure with WordPress these may not be issues for you at all. It is also quite easy to move your site to self hosted solution once word of your genius spreads and your site grows.