How on earth can you make profit with such pricing?
This is possible due to the very efficient server management workflows we've been developing since 2003. For example, our entire infrastructure relies on backend software developed in house, which allows us to utilize server resources in a much more efficient way and perform automatic self-healing of most issues that would normally require human intervention.
However, please note that here at Bandwagonhost we do not provide much support for anything not related to the uptime of our infrastructure. In other words, if you need help configuring things in your VPS, then we would highly recommend looking for a different provider as we provide literally zero guidance in tasks like this.
Our focus is razor-sharp on running an excellent, enterprise grade infrastructure. While we do not provide support for anything running inside of a client's VPS, we pass our savings on to end clients.