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You’re ready to launch your new business. You’ve got your name picked out. You know what you’ll sell and who you’ll target with your products or services.

What you don’t have yet is a website – and when you go to set yours up, you’re faced with loads of unfamiliar terminology.

What is shared hosting? What is dedicated hosting? Which one is right for your business, and how can you choose the plan that’s right for your budget?

Though shared and dedicated hosting serve the same purpose, there are some significant differences between the two. Choosing the right option for your new website depends upon a thorough understanding of these core differences, as well as an examination of a few key factors that’ll help you make the right decision.