A Hostway|HOSTING Virtual Private Server (VPS) solution puts you on a server with other clients, where each client shares the cost of running the server. Unlike shared hosting (e.g., FlexCloud), a virtual private server solution gives each client its own partitioned server area. You manage your own operating system (Linux or Windows), storage space, and memory to ensure your site’s performance and stability.
The main reason that someone signs up for a VPS is that they need a server through which to run their site. When you adopt one, you should notice that your site is performing better than it was on a shared account (because of the guaranteed allotment of resources). Also, the full root access gives you better control. You are able to install and get rid of whatever programs you want.
If you host it in a VPS environment, your site won't share resources with neighboring sites, the way it would with shared hosting. In fact, your site lives in a partitioned server area that has its own operating system, storage, RAM, and monthly data transfer limits, so you can expect smoother, more stable site performance. The sites with which you share your server are far less likely to affect your site—or even take it down altogether—than they would be on a shared site. Knowing how VPS setups operate is just the first step, however. You still need to familiarize yourself with the essential features needed for building a rock-solid, VPS-hosted website.
In terms of backups, databases and files, it all depends on the type of setup you choose. If you choose a server with a control panel it will make it effortless but if you want to do it manually, i suggest you take some time to learn how to do it properly, because, one error and you might loose everything you have worked for. My suggestion for a best server setup is a cloud managed cPanel VPS with SSD and good backup tool.
A VPS is not the same as a dedicated server, but it gives the illusion of being one. A good Web developer can do almost anything on a VPS that they would want to do on dedicated server, however, a VPS hosting plan is substantially less expensive, comes with technical support, and the hardware behind a VPS is not your responsibility. Sure, cheap servers can be acquired, but they will require a far larger overhead in terms of physical security and technical maintenance, security and support. Ultimately, a VPS can be the perfect solution when you need more flexibility and features than a shared hosting plan, but are not in the market for your own dedicated hosting server.
VPS hosting is like you are living in an apartment complex. It means that other people are living in the same building, but you have your own secure apartment. You will get more room and restrictions will be fewer as compared to living in a dorm. It also means that if your neighbour is misbehaving, it is the problem of owner of building, not yours.