I don't use wahmshoppes but if you sign up with a hosting account that gives you a domain free when you host the site for $10-15 a month there, then you do not own your domain. You can purchase a domain name for about $10, or less when go daddy has a sale. There are places to buy your domain, like go daddy and yahoo. I prefer go daddy. You have to renew your website yearly, or else you loose it, but again it only $10 per year.
A domain name is just a domain name. You will not be able to use it unless you purchase hosting from a hosting company. Most hosting is $5-20 per month depending where you go. You will have to point your name servers to your hosting site (they help you) so that others can see your pages.
Or if you do not want to pay for hosting, after you buy your domain you can create an ebay store, etsy store or ecrater store, and then forward your domain to that store. Then you only have to pay your fees to the stores (ecrater is free). Forwarding a domain is say someone types in yourdomain.com it will take them to yourname.etsy.com. Cheap and easy
