Above all else, we strive to deliver outstanding customer experiences. When you buy a domain name from Namecheap, we guarantee it will be handed over to you with superior standards of service and support. Our primary goal is to build a customer-focused atmosphere filled with the happiest customers in the galaxy. The Namecheap guarantee is our mark of excellence.
The web hosting provider offers solid plans with a good selection of features. The one area we're concerned about is how it presents its offers. Like many hosting providers, its published pricing is a bit misleading. You're not getting hosting for $2.96/mo unless you pay $71 for two years of service. Renewals are generally at a higher rate, although a salesperson we spoke to advised you ask for a "loyalty discount."

^ Mockapetris, P.V. (November 1987). "Domain names - concepts and facilities" (HTML). IETF Documents. IETF. doi:10.17487/RFC1034. Retrieved 24 July 2017. Relative names are either taken relative to a well known origin, or to a list of domains used as a search list. Relative names appear mostly at the user interface, where their interpretation varies from implementation to implementation, and in master files, where they are relative to a single origin domain name. The most common interpretation uses the root "." as either the single origin or as one of the members of the search list, so a multi-label relative name is often one where the trailing dot has been omitted to save typing.
Many web hosts offer limited features in their starter packages and then expand the offerings (sometimes tremendously) for higher-tier plans. Read the small print to make sure the plan you are selecting offers what you need. If you need a site builder application to design your website, make sure that the low-cost web host you are picking actually comes with a site builder. Many of them require you to pay for the builder as a separate add-on. Website builders usually don't cost a lot of money, but if you can find a web host that includes one for free, that's money in your pocket. And, if it's integrated with your hosting service, you're more likely to have a smooth, supported experience.
Is there another way? Yes, there is. Businesses should be making use of a domain name registration company to centrally administer all their domains. There are lots of very professional domain name registration companies that have been in business for years and that provide fully functional control panels that give their customers full control over their domain names. Then, all they have to do is change the name server details from their old host to their new host for each domain.
Think of your domain name as a street address for your website. Without a domain name, you would have to tell customers to visit your website at an IP-based url such as 123.123.123.123/~yourwebsite instead of yourwebsite.com. The former is not very memorable or friendly to human eyes and will surely result in not that many visits to your website. While it is not mandatory that you have a website domain name, nor is it mandatory that a domain you own be attached to a website, for a successful online presence you truly will want to get your own domain name to ensure your website has the proper air of professionalism and appropriate branding.
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