If the VPS you select is unmanaged, then as mentioned earlier, you will have to ensure that the server stays in good health and performs efficiently. If your server crashes or if you face any sort of security issue, be it a virus or a breach, then you will be responsible for restoring your server as the only administrator of the entire virtual private server. Hence, if you are well-versed in the functioning of servers and are knowledgeable with stuff such as rebooting, restarting, shutting down and repairing the server, you should consider opting for unmanaged hosting. On the other hand, if the last sentenced sounded alien to you, then you should consider paying slightly more and opting for a managed VPS.
Similarly, in a real dedicated server, you will pay for the entire server that is not shared with anyone else. You will get complete control over all services. Unfortunately, it is also the most expensive hosting option and needs some technical expertise to manage. It is commonly used by those who have websites with specific scenarios, most commonly extremely high traffic and tight security requirements.

Think of a shared server as a large apartment complex, and all of the individual apartments are rented by other website owners. All of you need a place to live — just like your website’s files — but going out to buy a huge family home would be too expensive for your needs. Sharing common areas and utilities in an apartment block helps keep costs down. And the same is true for shared hosting.
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If you are just starting your website and don’t receive very much traffic, then shared hosting is the ideal solution. However, if your website’s audience is consistently growing, you’ll want to consider upgrading. You don’t want to run the risk of your website running slowly or, even worse, your server crashing because it can’t handle the traffic. If you anticipate an increase in visitors, do yourself a favor and switch to VPS.
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There are a few downsides to shared hosting, though, mostly because you’re sharing. For instance, if someone else on your shared server has a huge spike in traffic, that could affect your website’s performance. However, if you’re just getting your website off the ground and don’t have huge traffic volume, shared hosting is a great way to get online!
If you are familiar with hosting control panels, shell commands, and you have basic server administration and troubleshooting skills, then unmanaged VPS is the way to go. Note that while you purchase self­ managed VPS, you should be capable of managing applications, software, services installed on your VPS. Also, you must know installation/un­installations, resource monitoring, server performance tweaking and troubleshooting of any technical issues.
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