When you’re first starting out, it’s not uncommon to choose a website provider based solely on price. After all, until you start to get money coming in, you’re likely operating on a bare-bones budget, which means that you have to cut costs somewhere and websites are often the first to feel the impact.

However, as your business starts to grow, when revenues begin to increase and expenses start to stabilize, it may be beneficial to take a second look at your website hosting plan to determine if its time to take a step up. How do you know? Here are three factors to consider.

  1. You Need Faster Processing

According to one survey, approximately one-third of consumers will wait a mere three to five seconds for a page to load, and one in five won’t even wait that long. An additional seven percent expect the page to appear the moment they click on it.

So, when your customers access your website, are they having to wait extended periods of time for the pages to come up, potentially causing them to go to your competitor’s site instead?If your website pages are too slow, it could be hurting your bottom line.

Yet, scaling up your website hosting plan can help resolve this issue by providing faster processing speeds. Speeds that are capable of handling more website visitors over time.

  1. You Need More Space

Let’s say you have an e-commerce business. Setting up a website to sell 12 items is completely different than setting up a website capable of selling 1,200 items. Therefore, if you need more online space to showcase your growing product line, this is a huge sign that it’s time to go with a bigger website hosting package.

You might also need more space based on the amount of data your website collects and retains. For instance, if you allow customers to create profiles with their name, address, and payment information, you’ll likely need more space over time, as your customer base grows, than if you don’t store any of this type of information.

  1. You Need Enhanced Security Features

Another benefit of moving up in website hosting plans is that premium packages often come with enhanced security features. This is critical as Security Magazine shares that 70 percent of all cybersecurity breaches are targeted toward small businesses. Worse yet, if you get hacked, you have a 60 percent of going out of business within the next six months.

Some features of higher-scale website hosting plans include full-time human monitoring, immediate 24/7 tech response, and in-house web application firewalls. The more you can protect your data, the more you protect your company from sustaining an attack that could potentially take you out of the game. For good.

Choosing the Best Hosting Plan for You

If any of these three situations apply, then your next question may be, “Okay, but how do I know which plan will suit my needs without having to spend hours upon hours researching different providers?” Well, you’re in luck because all of the work has already been done for you.

HostAdvice offers a lengthy list of dedicated server hosting plans, making it easier than ever to compare web hosting companies based on factors such as price, RAM, storage space, and the operating system they use. It even reveals where the hosting company’s servers are located so you can pick the one you’re most comfortable with if location is important to you.

Though simple web hosting plans may get you through initially, there are times you need something more. This includes when you need faster processing, more space, or enhanced security features—all signs that it’s time to scale up—so you can give your business the room it needs to grow.