A domain is your URL, or .com in layman's terms. It is what people type in to find your blog. The domain can be very important. For instance, my original domain for this blog was www.moremoneyblogging.blogspot.com. I bought the domain www.thebloghelper.com. Which one would you click on first? Which one sounds more professional? Obviously the one without the blogspot in it. Also if you are starting a wordpress or blogger blog you probably won't be able to get the URL you want.
A new domain is very easy to get. They are really cheap($10 or so. You just go to a domain registering site, buy the domain, and link it to your blog. It's that easy. Godaddy.com is the biggest domain registering site out there, but you may want to shop around to find the name you want cheaper somewhere else.
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