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In this video tutorial, the presenter explains how to buy a domain for a website, choose a budgeting platform, and manage payments. The primary recommendation is to use GoDaddy, where users can find domain names and hosting services. To proceed, viewers are advised to create an account on GoDaddy, as accounts are necessary for successful domain purchases and to avoid payment issues. The tutorial highlights that domains can be obtained for as low as $2.99 for the first year. Additionally, viewers are encouraged to brainstorm a name for their website, demonstrated by the example "Dr Tech", and to search for domain availability accordingly.