There are three main things needed to set up a basic website: a domain name, web hosting, and content. The content should include key information about the business or organization, as well as contact details. Websites can be built using Microsoft Word, free online sites, or dedicated software like Dreamweaver. Hiring a professional is also an option. Overall, the document provides an introduction to the basics of setting up a website, different design and hosting options to consider, and tips on what content to include.