First of all if you want to setup your hosting account you should do in following way.
go to http://www.godady.com/ and try to find domain and register your domain along with that try to take suitable hosting plan for your application.
make sure you get all things which is needed by your application bandwith and all.
After successfully completing above part you will receive an E-MAIL with your credential details.
Use credential details which is mentioned in email and login using any FTP server you can also use inBuilt visual studio.
i would like to suggest you to use
now publishing website. After completing your development and testing publish the website and in that folder change your connection string and all required things like SMTP SQL with your HOSTING provider.
Hope this helps you.