Advantages
You can have more flexibility with your web hosting accounts.
You can save money.
You can earn more revenue at little cost to yourself.
You can focus on customer support and leave technical support to your web host.
Your web host, not you, absorbs server maintenance costs.
Disadvantages
Your service is only as good as your upstream provider. If the server is frequently down, for example, you may lose clients.
If you ever have to change web hosts, the move will be an inconvenience for your clients as well as for yourself.
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