How to Manage Web Hosting Budget for Business Owners
Friday, January 10, 2020, 6:00 AM | Leave Comment
All types of businesses today require websites. Many businesses even run exclusively on the internet, and although this can save some money, it still comes with some costs.
If you are trying to launch your company on the internet, you will have to budget for a few things.
These include:
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The domain
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Hosting options
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The backup system
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Developers
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Site security and anti-virus
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Email accounts and CMS systems
Not all these items are necessary, especially in the early stages of your business. But one thing you cannot avoid is the hosting option. The host of your site works just like a house. It has to be large enough to accommodate all your data, and it should also be affordable.
In this guide, we will look at how you should manage your budget for web hosting.
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Don’t Set Up Automatic Payments
When you start off, you may not know which type of website hosting you need for your business. Even if you ask around and read reviews from other people, you may still end up realizing that the plan you chose was less than ideal. Use the first experience as a trial and simply pay for the shortest period allowed. Once it expires, you can re-evaluate the experience and determine whether the hosting you used gave you sufficient value for money. If not, you can go for a cheaper plan. This will help you save money on your hosting.
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Separate Personal and Business Funds
One problem you may experience with an online business is the fact that your personal expenses and business expenses often get mixed up. This is especially true for people who operate solo enterprises from home. Will breakfast count as personal or business expense? And what about your internet service or furniture purchases? To determine how much money you have for your business, you should hold your personal funds in a separate account, and ideally, rent a co-working space where work will be done. This way, you will be able to determine how much money you have for your business budget. Then you can determine whether or not you can afford web hosting plans.
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Length of the Plan
If you have already tried out different web hosting services and have settled on one, you should consider paying for a longer-term. One thing which many inexperienced web owners fail to realise is that one-month plans are usually very expensive in the long run. Instead of spending small bits of money every month, you can spend a larger amount and enjoy a hefty discount on the total.
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Choose the Hosting Type
There are many different types of web hosting, and the one you choose will determine how much you spend on your site. The two major types include the cloud VPS or SSD VPS. Each of these has its advantages, but the VPS cloud will be more affordable as you start your site.
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Choose a Trusted Web Hosting Provider
Even if you are trying to keep your costs at the minimum, you still need to go for a well-known and trusted hosting provider. Otherwise, you may end up wasting money on a host that will go down in a few weeks. This will not just waste the money spent on the host, but it will also take you back to the drawing stages of your site.
Conclusion
As we conclude, you should not compromise on the speed, performance, and reliability of your hosting provider. A slow site or one which goes down every day is sure to make you lose clients at the early stages of your business. Good luck as you launch your business!
Throw us a like at Facebook.com/doable.financeAbout the Author
Patrick Watt is a content writer, writing in several areas, primarily in business growth, value creation, M&A, and finance. Other interests also include content marketing and self-development. Say hi to Patrick on Twitter @patrickwattpat
