A web hosting provider has different payment plans and you can make the payment on weekly, monthly, biannually, or on yearly basis. As with most of the other services, the total cost of yearly payment in advance is less than monthly or weekly payment, and so you are tempted to sign up for yearly contract. With increased competition, a yearly agreement secures at least one year’s earning for the host. But you should be careful and should do your homework well before signing up such a contract to save a few bucks. A few points that may help you decide to sign for a yearly contract are listed here.
However, a yearly contract gives you an advantage only if your host is reputed and genuine, and has gained positive feedback from market and its existing customers.