If you have a computer at home and a job you can pay the electrical bill to keep the computer on 24/7 and turn it into a web server. Why pay over 20$ per month for hosting services when you can pay a fraction of that in electricity to keep your computer on. If your on a Windows machine just download one of various WAMP packages, or if your on Linux you can search this blog for the apt commands to setup a LAMP server.
I wish I could get paid to setup web servers, because that is obviously what the corporate web hosts do. They create these dynamic php and javascript driven websites that turn a internet GUI into server configuration commands. When you pay 20$ per month you are paying for the translation of website mouse clicks into server configuration commands. Its definitely a good service, and it makes it easy but I have always been a fan of cutting out the middle man. You can cut out the middle man; on Windows its a simple as installing WAMP, which is nothing different than a typical application installation. Linux is a little different, but I like it because its free and much more stable IMHO.
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While installing ISPConfig on a default Debian Gnome desktop the following dependencies were documented:
apt-get install apache2 php5 libapache2-mod-php5
apt-get install mysql-server mysql-client php5-mysql
apt-get install vsftpd quota bind flex spamassassin libmysqlclient15-dev zlib1g-dev
After these dependencies are met, ISPConfig can be compiled from source. Navigate to theISPConfig source code folder and type:./setupFollow the onscreen prompts accordingly. 
If you have any issues you can follow the Howtoforge.com tutorial:
http://www.howtoforge.com/perfect_setup_debian_etch
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Both services are the cream of the crop. They are the big players. They have the corporate stability. If you put a website on their servers, it will remain on those servers, complete with backups, until you stop paying the account. I personally use Yahoo as a server and can report excellent service for both web hosting and domain services. I have no experience personally with Godaddy, but I have accessed account moderation pages, and taken a full fleged test drive.
Once major difference between the two is that Yahoo provides a PhpMyAdmin interface to its Mysql database server. Godaddy provides a proprietary interface for the configuration of databases. I prefer the PhpMyAdmin, but thats just my taste.
Overall both are a great way to get a website online. For relatively cheap prices, you cannot beat the stability and uptime associated with mainstream corporate servers.
You can obviously can read the rest of this blog to set up your very own server at home, but even so I still recommend using a professional hosted DNS 
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Do you want to sell hosting? Do you want to host websites for your friends? Then the VHCS Open Source application is for you. It is a complete web hosting solution that you can use to sell, resell, and generally provide hosting services to the internet community. I have yet to set up the software, although I plan to play around with it in the future, but VHCS appears to be one of the power players.
While C Panel is the dominant name in the field of automated web hosting, it is a pretty penny for their software. VHCS can achieve a comparable result utilizing an open source solution. I believe its always worth it to try free Open Source software, before biting the bullet and ponying up the buckaroonies for the commercial product.
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This entire website is designed to provide information on how to establish a personal, or small business complete server environment. It can all be done for relatively cheap, considering that the main expense is a computer from EBAY for $60-$100
With a 700 Mhz machine, that has 256 Megabytes of Ram, and a 10 Gigabyte Hard Drive you can create a high powered, Linux Operated, Web Server. Everything else is completely free!!! Apache Web Server software is free. PHP dynamic website language is free. Mysql database backend is free. Squid proxy server is free. RealVNC, and X11VNC is a free alternative to GoToMyPC. SSH encrypted terminal connection software is free. And all mail software including Sendmail, Dovecot, and Postfix are completely free.
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