Which option to choose? Dedicated or Reseller

We have WEB development company, and have a lot of customers. We would like to offer hosting and mail to our clients too, so we need a lot of space and monthly traffic. Is it possible to solve this using one dedicated server where my company will create "domain with Control Panel" for each client? Can You please suggest to me what is better to take - reseller package or dedicated server and why? Thanks a lot, Alex
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