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The server used for hosting your site already has many software installed in it. Sometimes, it becomes a tedious job to handle all its functions specially, when you don't know all its technical aspects. So, managed hosting providers gives you various services like automated backups, malware scanner and removal, security sweeps and many more. All these additional services are managed by the managed hosting providers.
Whereas, in unmanaged hosting, host provider will give you a simple server with an operating system installed in it. This means you need to install and maintain all the additional software on your own. The company won't be responsible for any of your management work.
As per my experience, I don't think that managed hosting is overpriced so you can try it.

[Medium]

Medium is a free online community which allows anyone to share their stories or educate others through information. But you are not the owner of your content, as 'A Medium Corporation' can shut down its service or cancel your content or can ask for prices for additional services in future.
Whereas, in WordPress, you own your content. As you host your website so have full control over the data. To avoid any such consequences I would suggest to choose WordPress over Medium.
                                             

cPanel and Plesk both provide users with the same primary features and account management system. For windows, the Plesk control panel is used. Plesk is used widely because it has a clear graphical user interface (GUI) and it easier to use. You can manage emails, database, and run FTP using both.

The blog should be considered as one of the important section of your website. Because, when you write any blog each new content gives you an opportunity to rank for a target keyword that is related to your business. It is a great source to increase your organic search and hence the SEO of your website.

Hi,
I just saw the affiliate marketing page of MilesWeb and found it interesting. But I have also read about referral marketing on other websites. So I am confused between both. Can anyone explain to me about these two terms?

[Speed:]

 In managed WordPress Hosting all the technical aspects of WordPress are handled by hosting company. That means company manages your server in order to make your hosting experience easy and subtle. That's how there are some more benefits of managed WordPress hosting as:
(1) Speed: Your site loading speed is maintained by host company regardless of the increased traffic to your site.
(2) Support: Hosting company like MilesWeb provides you with 24/7/365 days technical support.
(3) Security: You get security from hackers by using software malware scan.
   These all aspects help in the growth of your site.
                       

Is cloning of website possible? And in what cases it can be done?