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When looking to purchase web hosting for the first time there are a few things you need to weigh out. First I will assume that you have already ruled out free web hosting.  Free web hosting can be great to start with but after a while paid web hosting is needed for many.

When looking at multiple web hosting sites you need to look at what you are going to do.  Such as if you are going to work with proxies you must back sure the host will allow them.  With proxies you need to get a hosting company specifically for them.  With most other sites you will be good with any type of hosts. You need to have a general idea on how much traffic you are going to bring in at the start. Most websites will not bring in a lot of traffic at first but some will so this will be a big decision in web hosting.  Then you are going to need to figure out how much space you are going to need.  Will you be running a blog?  Will you be uploading pictures and allowing software to download?  When you figure out these two questions space and traffic then you need to estimate how much bandwidth you are going to use.  If you have no idea you probably are not going to use a lot.

When these questions are answered you will have one more question to ask. What is the amount of domains are you going to host.  Many times web hosting will offer unlimited domains but with many lower end web hosting options they will cap the amount from anywhere from 2-5 usually.  Once you have the answers to these questions you will be able to get the best web hosting that will best for your web sites.