VPS is a solution, which is better than Reseller Hosting as you get root SSH access to the account. You need not worry of managing the server as the provider will help you to do it. You will have an allocated amount of server resources, unlike Reseller Hosting, which you have to share the resources with other users.
Dedicated server allows you to have root access to the server. Thus, you are free to do anything you like. You will use 100% of the resources yourself, without sharing with anyone else. Get a managed server if you are not sure of managing the server. If you are totally new to managing a server, get a server admin.
Hope that helps.
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