While you are finding a cheap webhosting provider, you should know that the web hosting company might be cheap but it should provide all the fun tools to you. Often you would find that different web hosting plans provide you with different options and features. The cheap web hosting plans are often restricted in features. Thus if you want to increase your business in future then you should go for such a cheap web hosting provider which would give you the features like ability to add additional domains. Also you should have the access to any tools and features that is necessary for your website.
Another thing to consider is that whether you are getting the amount of space that is necessary for your website as well as the amount of bandwidth. Often you might find if difficult to estimate the space and bandwidth requirement of your website. Therefore, you should choose such a web hosting provider which offers you unlimited space and bandwidth so that you can later on increase the website if you want to. When you are trying to find to cheap web hosting provider then look out whether your web hosting provider is having the add-on domains feature. If the plan you have selected provides you with unlimited add-on domains then you are able to have additional websites to your account. Thus you can buy URLs as and when you need.