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Should I Purchase Any Web Hosting Plan For My Blog Or Should Make At Blogger.com?


I am going to run a blog. I am confuse that should I purchase a web hosting plan or should start blogging on blogger.com or wordpress.com ? Because I heard that if I will make my blog on blogger.com or wordpress.com then they will take the share from my earnings by that blog. Is it true?
But some are suggesting me that I should make a blog on blogger.com or wordpress.com because these are free and purchasing a web hosting plan is a bit expensive.
Guide me what should I do?

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