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1. Research the different types of hosting right here on HostGumbo
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Types of Hosting

Best For
Personal blogs and small to medium websites

Overview
Best for hobbyist and small businesses, shared hosting means that you and other customers like yourself will share the resources provided by one server. These servers may contain tens or even hundreds of other websites. Many shared plans will include unlimited features such as disk space and bandwidth. Under a shared hosting plan, you will be granted access to a small portion of the web server through which you can host as many sites as you wish to. If you are creating a website for the first time, a shared plan may be a great starting point for your personal website, blog, or business information page.

Cost
Shared hosting plans are the cheapest type of web hosting available. For this reason, it is also the most popular. The average cost ranges from around $3 to $8 per month.

Best For
Medium sized businesses and websites or blogs with moderate traffic

Overview
VPS hosting (Virtual Private Server) is specifically designed for business oriented webmasters in need of a more comprehensive solution for multiple websites that are constantly expanding. VPS comes in all shapes and sizes that are perfect for an online business owner with a large number of web sites or a single site that is experiencing lots of daily traffic. VPS is very similar to shared hosting in that you will be sharing a web server with other webmasters. However, instead of having a single portion of the server, the entire server is split accumulatively. In other words, you can access more resources that can be drawn from other partitions on the server, rather than being restricted to a specific area of the server.

Cost

Best For
Large businesses and websites or blogs with significant traffic

Overview
When you purchase a dedicated hosting plan, you are lease your very own dedicated server that is, well, dedicated in its entirety to hosting your sites.  You do not share dedicated servers with others.  Therefore, you are able to take advantage of 100% of the resources the server has to offer. For this reason, most large companies and corporations use dedicated servers. In most cases there are multiple options to choose from in terms of processing power, bandwidth, disk space, etc. It is important to do your research and be sure you have a thorough understanding of your own hosting needs prior to purchasing dedicated hosting. This type of hosting is currently the most robust, powerful type of hosting on the market.

Cost
Dedicated hosting is the most costly type of hosting, and for good reason. While it may not be ideal for newbies and small websites that can afford to share servers with other similar web masters, the increased power, speed, options, flexibility, and resource allocation are exactly what large websites that generate extensive monthly traffic need in order to adequately maintain their presence on the web.

Best For
Hosting resellers and webmasters with multiple websites that want increased control over resource allocation

Overview
Reseller hosting is a fairly new service, by comparison with other types of hosting. The web host essentially extends the reach of its products and services to the specific channels of the reseller in a way that gives the reseller the ability to resell the hosting service on their own terms. The goal in an hosting business, of course, is to generate recurring profits, typically on a monthly or yearly basis. Reselling has become a popular topic in the hosting community, as many of the larger hosting providers now offer this service to the general public. It is a great way to start up your own web hosting company without having to take on the extensive expenses of a start up. It is also a great opportunity to learn more about setting up and launching new websites, as anyone with a reseller account can do so at will, within the limits of their extended resources.

Cost

Web Host Selection Lab

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Cheapest Web Hosting - 2015

iPageCheapest Web Host

$ 2.25

Per Month
  • Free Domain
  • Bandwidth: Unlimited
  • Diskspace: Unlimited
  • Free website builder & templates
  • Get this plan!

Just Host

$ 2.95

Per Month
  • Free Domain
  • Bandwidth: Unlimited
  • Diskspace: Unlimited
  • Free website builder & templates
  • Get this plan!

Fat Cow

$ 3.15

Per Month
  • Free Domain
  • Bandwidth: Unlimited
  • Diskspace: Unlimited
  • Free website builder & templates
  • Get this plan!

Blue Host

$ 3.95

Per Month
  • Free Domain
  • Bandwidth: Unlimited
  • Diskspace: Unlimited
  • Free website builder & templates
  • Get this plan!

Host Gator

$ 3.96

Per Month
  • Free Domain
  • Bandwidth: Unlimited
  • Diskspace: Unlimited
  • Free website builder & templates
  • Get this plan!