Yeah - Sounds like you are just starting out. I would recommend starting out with one of the registrars mentioned above - AND NOT - godaddy. The functionality and pricing at the other registrars is FAR SUPERIOR to godaddy.Is Godaddy's Full Domain Privacy and Protection worth it?
Also do people only register domains for 1 year and then renew them or is it more suitable to register them at 2 years+?
Thanks