WordPress is a simple and most popular content management system (CMS). It is free and open-source and does not require much of technical skills. However, when you buy a WordPress hosting plan, you are saved from the burden of managing the technical aspects of the server like uptime, speed etc. WordPress requires your website to be installed with PHP version 5.7 or higher and MySQL version 5.6 or greater.
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WordPress hosting providers provide you with one-click installers, a simple and easy to use control panel and the best providers such as Go4hosting also extend 24/7 customer support lest you need any assistance or are having a problem somewhere that could affect the performance of your site.
Another benefit is you are assured of 99.95% uptime and high page loading speed. A slow website or a website that is frequently down is bad for business. Speed and uptime are crucial even for better Google ranking.
You must meticulously choose your hosting platform. You have the free WordPress hosting which you should not consider if you are serious about your business.
Shared hosting works well for the newcomers with low traffic. You could upgrade to a
VPS hosting or
dedicated server as your traffic grows. Managed WordPress hosting is an option if you want your host to manage the technical aspects of your site.