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This is becoming a very popular way of accessing email using a web browser using http protocol. With Webmail email remains on server and so can be accessed from various client machines. This type of access is ideal for people who travel and need to have email access regardless of location.
POP3 and Webmail
It is also very common that email can be accessed from you mailbox using either webmail, POP3 or both.
Whether you are going to use email forwarding, Webmail, POP3 etc you should also take into account how easy registrar makes it to configure and reconfigure you domain name. Most use a web control panel interface. You should check if there are any extra charges for configuration/reconfiguration. For example let's assume that you've been using email forwarding from email@example.com to firstname.lastname@example.org and have now decided to use a yahoo account stevelifetime@Yahoo.com. Can you make change yourself? How easy is it? Do you have to pay extra. These are things you should be aware of when deciding on a domain registrar.
Using Registrar to Host your Website/Mailbox
If you currently don't have a mailbox/ website then I would choose package from domain name registrar. I wouldn't choose to register domain name with one company and host it with a different one, unless I had already, for some reason, purchased one or other. The normal practise with lifetime email addresses is to use domain name registrar to forward email to an existing mailbox ( your ISP mailbox or hotmail account).
You domain Name and Website
These articles have concentrated on email. However you have purchased a domain name and this name can be used for your website. So not only can you have email at email@example.com you also can have a website at www.lifetime.name. If you want to learn how to make your own website then http://www.build-your-website.co.uk/ has information and tutorials suitable for beginners.
Stephen Cope is a freelance trainer and the Webmaster at - making a website and IncrediMail and Outlook Express Updates.