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Adding a domain name on your website is very professional. Suppose you have a website named "www.yourname.blogspot.com". This is not professional for you. Because it is a sub-domain. If you use "www.yourname.com", than your website will look better and it's professional.

Domains are mainly two types.1. Paid Domain2. Free DomainFirst of all I want to talk about free domain. Subdomains are one kind of free domain. But there are some other free domains. These are .tk, .ml, .cf, .gq, .ga. These all domains you can on your website. But these domains are SEO freindly as like as paid domains are.Now talk about the paid domains. There are a lot of paid domains. Such as : .com, .net, .org, .info, edu etc....These are SEO friendly. I mean if you add it on your website, it will rank higher in google.