Could anyone please help me, I'm looking to start a virtual servers on my dedicated server.

what would be the best solution to setup a virtual server, when I'm talking best solution, I mean prices wise and effectiveness

If you're looking for software needed to devide your dedicated into virtual dedicated then I can recomend http://www.freevsd.org/

ok that's the kind of infromation I was looking for, but is there anything more user friendly

http://www.freevsd.org/support/docs_static/ <--- this the best way to learn how to build FreeVSD. It's not that hard. ./configure && make && make install && man freevsd :D - just joking. Anyway, check http://www.freevsd.org/support/docs_static/