In the shared hosting client are sharing their hosting accounts with hundreds of other customers on one Server. If you are hosting your account for the first time, you need to understand your hosting requirements. Then after that, you can decide which hosting package is suitable for you.
If you are looking for a cheap hosting service because your requirement is very small or we can say that you are having limited clicks per day. Then you can choose Shared Hosting Package. Shared Hosting is the first step to enter But in the shared hosting you need to manage your requirements in a limited circle (Disc Space, Limited Speed (Bandwidth,Transfer Rate).
VPS Known as Virtual Private Server is step of leaving shared hosting package and moving on to VPS. Here you can choose from Linux or Windows VPS Hosting where you get a Dedicated IP address and also full root access. Virtuozzo is one of the most popular power panel for VPS to Manage your Account. If your VPS node is Windows VPS Hosting, you will get (RDP) Remote Desktop Protocol for a Root access. If your VPS Node is Linux VPS Hosting, then you can use SSH to access your account.
There are many hosting services providers in the market but you need to consider your account with good and reputed company. You should also ask them about server location, should check their relationships with their customers. There are some good reputed hosting companies who are Providing 24/7 and 365 Days Service and support via phone and email support because they understand that their customers each and every minute is costly.