Microsoft Office Live Small Business is a web hosting service that gives you a domain name (any available .com, .net, .org, or .info), email, business management tools, collaboration tools, and more, for FREE.
The service is free for one year, after which the price is still reasonable at $14.95/year.
The freebie account includes also site-building tools, reporting tools, project and document managers, 100 e-mail addresses, and collaboration-minded online workspaces. You get 500MB of storage, too.
Source: CNET.com
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