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Shared web hosting is a good option for businesses looking to keep costs down. A shared web hosting provider will host multiple sites, owned by multiple customers, on one server. The site owners share the costs of operating the server, so pricing is much lower than VPS or dedicated hosting, usually less than $10 per month. However, site owners are also sharing the server’s ability to transfer data, which means your site’s performance can be slow if one or more of your hosting neighbors experience a traffic spike.
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You gain the most web-building functionality if you create a self-hosted site. This typically involves transfering the free WordPress CMS to server or signing up for a web host's optimized WordPress plan. With an optimized plan, the host automatically handles backend stuff, so you don't have to worry about updating the plug-ins and CMS, and enabling automatic backups. In these instances, the WordPress environment typically comes pre-installed on the server.