Hostinger provides a 6-tier plan for their VPS hosting services, which you can choose to fit the needs of your website. Their Plan 1 offers the basic specs with 1,000 GB (aka 1TB) of bandwidth, 20 GB of disk space, and about 1 GB of RAMs. If you want more, you can opt for Plan 6 which gives you a whopping 8 GB of RAM, 160 GB of disk space and 6,000 GB of bandwidth.
The moment you plan on running an online store is the moment you should upgrade your hosting plan. Why? Because with VPS, you have a secure and dedicated virtual server where you are more likely to pass a PCI compliance test. The Payment Card Industry Data Security Standard was established by major credit card brands to protect against cardholder data theft.
Now if you browse to your site you should see a "Welcome to WordPress" message and some instructions. Click "Let's Go!". The next screen asks for the database name, which you will find in Virtualmin > Edit Databases, and the username and password, which you will find in the Passwords tab by clicking the little key symbol. Click "Submit". If all is well, you can now fill in the site name, admin username and password to complete the installation and log in as an administrator.
The most obvious and popular reason for a VPS is to run a single website, or multiple websites. However, you can use them for pretty much anything that requires access to the internet – such as a web application like Nextcloud to run your own Dropbox alternative – or to create your own virtual private network to better secure the internet connection of your PCs and mobile devices.