After buying domain name you need to buy a web hosting. There are few free hosting also, but I will always recommend you to get a paid hosting. Free hosting always has some limitations like:

1) They may put some ads.

2) They may put some restriction like SMTP off, No database etc

3) They may ask some fee after your website is stable

So, it is always advice to get a paid hosting with all features. Before you buy a hosting you must ask these queries from your host.
1) Server configuration.
2) Datacenter location and details.
3) Uptime guarantee
4) Money return policy.
5) Terms and condition
6) How long the company is in business.

Best thing is do some Google search of that company to find some reviews of that company. Now you need to decide what type of hosting you need, either Windows or Linux. Start with small package like of around 10$ per year. Ok, at last I would like to recommend a hosting company, whost.in

Whost.in is cheap and very reliable. They have great server with 99.9% uptime guarantee else money return policy.

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