What should you know?

Before paying for any webhosting service,you should know:

Space:

This is how much web hosting company allocate you for your website...
if your website is text based then it can fit within 100 mb.

Bandwidth:

Suppose you own a website which is 100 kb is size,and your site is visiting by 3000 people per month.Then the bandwidth your site using is about 293 mb /month.

100 kb x 3000 = 300000 / 1024 = 293 mb

This is very important factor , if you go above your allotted bandwidth. This is known as bandwidth overage. Some companies will switch off your web site if this happens. Others will automatically add on extra bandwidth charges which are priced at a different (usually much higher) rate than your normal monthly hosting charges.

Email Accounts:

This is how many e-mail you can use to collect your visitor feedback.

you would like to create email like webmaster@yoursite.com or yourname@yoursite.com

5 to 10 in enough for small website.