Yes and no. Hosting plans typically come in three distinct flavours: Shared, VPS and Dedicated. Shared is the cheapest option by quite a margin, and the price ramping up for VPS and significantly more so for Dedicated plans.
In a nutshell, these three hosting tiers reflect how reliable and scalable your website will be.
Cheaper shared hosting plans available from reputable hosts can be a solid choice for new startup businesses that do not anticipate a great deal of traffic to begin with, but shared hosting is notoriously unreliable due to the nature of how it works: You share a server with other people and if even one person is misusing the server, every website on that server is affected.
Worse still, if the hosting company is overpopulating a server with two many websites, it\’s great for their bottom line but not so much for the performance of your website as it chugs along and likely routintely fails.
Oftentimes, many designers\’ first choice for their clients is to outsource to the cheapest shared hosting plan and maximise profits. Great for them.