To host a website on the internet, an individual or company would need their own computer or server. As not all companies had the budget or expertise to do this, web hosting services began to offer to host users websites on their own servers, without the client needing to own the necessary infrastructure required to operate the website. The owners of the websites, also called webmasters would be able to create a website that would be hosted on the web hosting service's server and published to the web by the web hosting service.
Many services offer a low "starting price," but require you to prepay for two or three years of service to get that price. After the promotional period, the renewal price for some services can be two, three, or even four times the initial promotional pricing. While the initial deal might be incredible, the cost of transferring your site (or paying the added fee) in a couple of years may be something to consider.