Dedicated servers sound pretty great, right? They are. That said, you should be aware of their relatively high prices. Setting up shop on a dedicated server will likely cost you more than $100 per month; shared servers, on the other hand, are far less expensive. The cheapest web hosting services will lease you space on the web for well under $10 per month. In addition, you'll need to handle firewalls and maintenance yourself unless you opt for a managed server, which costs even more.
Managed hosting minimizes the amount of hands-on IT work you have to do. The level of management can vary from provider to provider. Some hosts offer your choice of semi- or fully managed services — and one host’s fully managed plan may be entirely different than another provider’s. All in all, management services may include hardware monitoring, software updates, security patches, and bug fixes.