WordPress is a great content management software. Aside from managing a blog you can also manage a full-fledged business website with it. If you are about to set up a website under your own domain name, using WordPress to manage your website will be the best website-related decision you ever take. This blog post on Mashable gives you complete detail on how to achieve this.
Why host a WordPress website under your own domain name?
Whether you plan to use WordPress to host your blog or your website, it always makes sense to use your own domain name for the simple reason that you are in full control of your website in terms of layout, features and most important, content.
Hosting a WordPress website under your own domain name is not as difficult as it may sound. All you have to do is, download the WordPress installation files, then upload them to your own server (for that you will need FTP access) and initiate the setup. Everything is automated after that.