To make a website you would need the following ::
1. Domain Name : A domain name is the name of the website. Examples of domain names www.google.com , www.yahoo.com , blog.kunalcholera.com etc..
You would have to buy domain names. There are many websites from which you can buy domain names. www.namesecure.com , www.godaddy.com etc are websites that sell domains for cheap. These domain names cost around $8 to $20 per year. The cost depends on the type of domain name that you buy.
2. Server : A server is a computer. It is a special type of computer which when configured for internet access,does not require monitor and a keyboard. The reason why they dont require a monitor and a keyboard is that, they are generally placed in a datacenter (if you have many servers for your website) . That does not mean you cannot place a server at your home. You can, but is very loud and requires an internet connection, which supports servers. Normal internet connections providers at home would give you a warning after a certain period of time. A server is a place where you will store all the pages of your website. The server will serve all the people on the internet who wants to access your website and who have your domain name.
Given the two requirements to host a website. You have many options :
1. Buy your own server, Buy Domain own IP - Then you can map your domain name to IP Address . Very costly to do this on the begening. Around $20,000 a year.
2. Buy Server Space from Server Hosting Providers -www.bluehost.com is the one i use. Google “internet hosting” for more service providers. Blue host provides both domain names and server space as a combo package. Around $ 100 a year.
3. Get Free Space and Free Domain names - There are many web companies that do that. Google “free internet hosting” and get that. There is a catch though : These web companies would generally have ads on all those pages that you make, or they may add their domain names to your name. Free…
Start from Method 3 to Method 2 to Method 1.
Hope it Helps :: I wish i got this post when i was in my Engineering. 
It would have been fun…
Kunal Cholera…