It's important to note, however, that not all shared hosting is created equal. Different companies use different servers, each configured with different amounts of resources, and with different features. Furthermore, some companies host more websites on a single server than its peers. As such, that $10 per month shared hosting plan probably has many benefits over one costing $0.99 per month.
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.