Hi, I have already installed Python V 2.7.2, 

I would like to have ODOO 8 on premise.

I do not think that Bluehost is a Ubuntu Server, but maybe just a linux server. I think Bluehost already has PostgreSQL and other required servers! I checked this ubuntu walkthrough, but I am not sure if it is the same http://www.theopensourcerer.com/2014/09/how-to-install-openerp-odoo-8-on-ubuntu-server-14-04-lts/

Should I just upload the odoo package and unzip it in a folder in my VPS?

Your guidence is appreciated.

Thank you