Managed hosting or self hosting in cloud


I’m looking to setup a online store and gone through different options. Finally found the YouTube channel. The tutorials are very helpful in understanding what goes into setting up a store step by step.

I’m software engineer but I have only limited web skills but I can manage from tutorials.
What are the cheapest options for setting up a store.

I could go with a low cost VPS, would it be better to go with cloud databases or just server local database with regular snapshots/back ups?

My store going to be very small would it be better to go with a cheap managed Magento hosting?

It would be of great help

Thank you.

It looks like it would cost $50/month to run on Cloudways before any discounts.

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