While there is a multitude of web hosting service providers available, there are only two main types of web hosting, free hosting and paid hosting. Free webhosting is great for individuals or for new businesses with a small budget for their web presence. Paid web hosting is more suitable for established businesses, and provides more space and features for the hosted website.Regardless of the provider you select, your web hosting service will provide your website with many benefits. The first and most basic is a simple presence on the internet. This provides you with storage space for all of the files and data that comprise your website, including pictures, audio or video. An average amount of space that a web hosting service provider provides to a webmaster is approximately 1GB, but some more expensive website hosting packages can provide as much as one hundred times that amount, or even more.