Ok, so you have a domain and you have a web host... and still don't know what to do with it? Well... if you want to start a blog about what ever topic or niche then you should consider installing a blog CMS on your host server.
You should consider something like wordpress it absolutely free and easy to use. With wordpress you will be able to build your own customizable blog and it allows you to be as creative with functionality an formatting as you want to be...
If you want more than a blog and would prefer a website with a few pages and a blog then you should have a look at Drupal. Drupal is also a CMS but offer a lot more functionality with the addition of downloadable modules that you can install as you want or need them... Drupal is also easy to use and allows you to add a forum or blog...
And if you read some of my other posts you will discover how easy it is to make money with your blog or website...
Happy blogging... if you have any questions feel free to ask...
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