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There are three types of hosting offered by Liquid Web that could potentially be used with some sort of reseller agreement; dedicated hosting, shared hosting and virtual hosting. 

The infrastructure used by Liquid Web in order to provide dedicated hosting to its customers is owned entirely by the Liquid Web Company. This means that if there are any problems that need to be solved on the server side, you as a customer will be linking and liaising with people that are specifically employed in customer service and technical support roles by the same company that you are purchasing the web reseller hosting from. This has the advantage of being more convenient for you. 

The main disadvantage of dedicated hosting, even for a person planning on reselling the hosting, is actually that it is quite expensive. As an alternative to the dedicated hosting option, there is also shared hosting offered by the Liquid Web Company. This type of hosting does not have a single dedicated server to your hosting, but rather forces you to share hosting with a number of other people. This is not particularly advantageous to people that are interested in getting into the reseller business, but at the same time the price is quite a bit better than what you can expect from the first dedicated server option.

Somewhere in between those two extremes (expensive, feature rich dedicated hosting and cheap, feature poor shared hosting) is the third and final service offered by Liquid Web; their virtual private servers. These are servers that Liquid Web claims will combine the affordability of shared with the features of dedicated. In reality, virtual private servers have fewer features than dedicated servers and are more expensive than shared web hosting solutions. They are however less expensive than dedicated servers and better featured than shared web hosting. It is basically a middle of the road trade-off to someone looking for features that they can’t get from shared hosting, but unable or unwilling to pay the money required for dedicated hosting. 

Ultimately, it makes very little difference vis-à-vis being able to offer reseller hosting which of these particular choices you choose to pursue. Where the difference lies is in the quality of reseller hosting you can offer as well as the price you have to charge in order to make a profit. In that sense, only you can make the decision about which of Liquid Web’s products would suit you best.