As we briefly mentioned earlier, shared hosting refers to the fact of having your website share a server with other websites. Of course, you still get all the different benefits of a configured WordPress server for your CMS. This is ideal for websites with low to medium traffic and is quite cost-effective. Managed hosting, on the other hand, is where most of the premium benefits are. You get faster load speeds, heightened security, site upgrades, and better hardware. Unsurprisingly though, these features usually come with a premium price tag and are ideal for high-traffic websites.