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There is now another hosting option to consider when setting up a website. Wordpress.com in the past only allowed you to install a website there with very limited plugins and themes and you couldn’t sell anything.
With the WordPress.com Business plan you can now upload any plugin or theme you like, sell whatever you want to and it has vaultrpress backups. For around $AUD 33 per month paid annually which is about $AUD 400 per year.
Also here is the video by WordPress.com about the new business plan.
Please note wordpress.com links are affiliate links.