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The short answer is YES! (I’m talking WordPress.org not .com)
I hear this question probably more than any other question when it comes to entrepreneurs marketing their business. My response is usually the same because this analogy is spot on: Are you looking to rent an apartment or buy a whole house? Understanding that web design is rather confusing and can be costly, all three platforms do get you from where you are now to a business address and place to display your content,
not all three options are good long-term solutions.