Getting a personal domain is going to take you down the lane of hiring a web host and that gives you two options- dedicated hosting or
shared hosting. Dedicated hosting usually costs significantly more because you personally pay for the server maintenance. Whereas shared hosting is more economical as you split the server maintenance with the other people on the same server.
Minimal downtime
Since you are not on a free domain and are in stead paying for a shared hosting account, you should expect better uptimes and lesser downtime.
Reliability and Lower subscription rates as compared to dedicated hosting
You can expect greater data reliability on a shared server. This is because though you are paying significantly lower amounts in comparison to dedicated hosting, there are many more people paying for the maintenance of the shared server.
Flexible pay rates
You are not going to be handling massive traffic on the first week of setting up your website. And since shared hosting is ideal for small and medium businesses, it only makes to pay that much. But shared hosting is flexible as it can grow with your business or requirements. As and when you need to upscale your server requirements, you can request to be upgraded for a larger space on the server. Shared hosting should be appropriate and let you make flexible decisions.
Personal domain name
Though the name says shared hosting, do not be confused and expect to share your domain name too. You will have a unique domain name for your site on a shared host.
Script installation
Installation of popular scripts is easier on shared hosting as the servers are synchronized to reduce data redundancy and thereby have the popular scripts installed.
Control
A lot of people are unsure about choosing shared hosting as an option to set up a domain because they think that there will be restrictions in terms of the control they could exercise over their website. You have complete control over your website and there are various control panels that are designed to make the entire process easier for you- whether it is just uploading new content or editing the previously existing content.
Lack of super security
Being on a shared server has a few security concerns that do not come up with a dedicated server. Being on a shared server means having to share a common IP address with multiple web sites, which is a security concern that you may expect from shared hosting.