The first thing that people worry about once they have a domain name is the kind of hosting plan that they will use for their website. The truth is that many hosting services are providing their shared hosting plan at very affordable prices and this is more than enough for most websites that are starting out and don’t have any kind of database or ecommerce system that requires serious security measures.
The best way to decide if you need dedicated hosting or if you could get shared hosting, is to look at the kind of content you plan to have. If you are going to be dealing with monetary transactions, you need to make sure that you get the best possible hosting available.