Should you use a shared hosting plan?

Is it better to have a dedicated server of your own or to use a shared hosting plan? Bruce Clay gives his advice in this Ask Us Anything video!

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Here’s the full question: “I originally opted into a shared IP hosting plan to save money while my online business was growing. Now that I have a bit more cash flowing in, I’m trying to figure out whether it is worth paying the extra cash to have my own dedicated IP address or if I should keep my shared IP plan? Can sharing a hosting plan with several other websites have any adverse affect on my website?”