A site is consist of web Application. Web site is the combination of an IP address, Port (default 80) and optional host Header on which HTTP.sys listens for request.
Now, i will guide you step by step configuration of web site on IIS 7
First Click on Start button on left bottom of your desktop. as you see Administrator tools, take your mouse cursor, a sub menu will be open , Click on Internet Information Services (IIS) Manager.As shown in below figure.
IIS 7 Internet information Services Window will be open,In connections panel. Expand webserver Your system name. Right Click on Sites,menu will be open. Click on Add Web site as shown in below Figure.
Add Web Site window will be open as shown in below figure
Here you will see serval options are:
Site name: Enter your Site Name.
Application pool: Click on Select button to select the Application pool which you have created.
Physical path: select the folder where you have placed you web site.
Pass-Through authentication:
Connection as :First Click on Path credentails, there are two options Specific user, Application user, click on Application users
Test Settings: The server is configured to use pass-through authentication with a built-in account to access the specified physical path.
Binding: Select http (if you have purchase SSL then select https and configure later) ,Enter your IP Address and define port.
Enable Authentication and ASP.Net Impersonation as you see in below Figure.
Browse you site as shown below.