There are some people who benefit from shared hosting more than others. This type of hosting is not beneficial for large businesses that are generating lots of traffic. This can disrupt the other users that are on the same server as you.
This type of hosting is the best for those with small businesses or personal websites. The cost is low and there are a number of plans out there that are for certain types of websites. Some will offer benefits that small businesses are more likely going to need while others are more likely to offer something that everybody can benefit from no matter what they want the website for.
Small businesses can benefit from being able to watch as their businesses grow. The cost is low enough to always make a profit and you can opt to pay more if you find that you need extra perks or want to see your business grow larger and have more traffic come to visit you. You can also pay extra to be able to add on extras to your account.