Can you recommend a better hosting option for a website with high traffic - VPS or shared hosting? My current hosting plan is pushing me towards VPS, but I am clueless about its configurations.

What should I do in this situation?

Also, I have been considering switching to a provider that offers VIP hosting.

It is advisable to scrutinize your website's optimization and negotiate with the hosting provider for additional resources before deciding to switch from web hosting.

Alternatively, you can opt for a VPS with administration, which may cost more, but provide a seamless hosting experience. A reliable provider would also help you migrate and offer discounts.

For websites with high traffic, serious hosting providers offer VIP hosting plans with fewer clients on the server, ensuring better performance and security.

When selecting a hosting type, it is crucial to consider your requirements and the challenges you are facing.

What does "loaded website" mean in your case? Are you dealing with slow page loading times or high ping? Or is the traffic volume causing frequent server crashes?

If the latter is true, then you may need to consider a dedicated server or VPS, though they come at a higher cost than shared hosting plans.
I can suggest that you evaluate your website's traffic, storage, and performance needs before selecting a hosting plan. Consider factors such as uptime, security, support, and pricing while making a decision. Moreover, it would be beneficial to read reviews and compare different providers in terms of their features and customer support.

A Virtual Private Server (VPS) operates independently of other servers that share the same physical machine. This ensures the website on a VPS has its own resources and production facilities, and there's no data transfer between servers.

On a Shared hosting plan, multiple websites are hosted on a single server. The resources are shared among the websites based on specific algorithms, and the server redistributes the resources in case of a lack of performance for one project.

Shared hosting plans generally have a limit on the number of websites allowed per account. As a result, the number of accounts needed could increase with the number of sites hosted. However, with separate accounts and payments for each site, no such issues arise apart from the total cost.

On Shared hosting, if you need to host multiple business card sites at a minimum price, each generating minimum traffic, it would lead to hitting the limit of the number of sites per account and paying more. In contrast, a VPS allows you to host a large number of small-traffic sites on a single server, reducing costs significantly.

I can suggest that you assess your website's requirements, scalability, and budget before selecting a hosting plan. A VPS offers more resources and flexibility but requires technical knowledge to set up and manage, while shared hosting is more affordable but has limited resources and can affect website performance due to other sites on the same server.