Setting up your own web hosting package might be difficult or easy depending on what your project is. If you have a very basic website that you are setting up for your site then it will not take a lot of time or investment at all since all you need to do is upload all of your files to your FTP. If you have a more complex project that is larger, then you might want to set up the database information and install in all of your scripts. This will not only take a lot of time since doing those things and modifying those info does take time but it also costs more because you require more hosting types such as for databases and php. If you are restricted with time and cannot do it then you need to go hire a programmer or someone that can do it for you quick and efficiently.