website creation and designing.

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I want to know how i can have a web site here for myLot.com There is a column to enter name of website.several members have website in their profile. i hav a website that i created already. But i dont know how to use it for busniess promtion and advertisement.can i use the website i already had? can i earn money from my website? how can i use it for advertising and business promotion? can u visit my website? im giving below the name of my website: http://vvakrishnan.wetpaint.com