You really should consider having your own website. An amazing number of people try to build on online MLM business with a program like TrafficWave without any kind of website that's uniquely theirs. Yes, TrafficWave provides plenty of perfectly good, pre-made, hosted sites. They're just fine, but you can't really 'control' them in any way. I would encourage you to embrace a more advanced approach.
Personally, I like the Blogger.com platform (i.e. the website you are seeing right now). It's FREE and very easy to use, customize and drive traffic to. If you want something even more advanced, then you will need a program like WordPress and your own host. Believe it or not, YouTube has easy to understand videos for 'How To Register A Domain Name', 'How To Set Up Hosting', 'How To Set Up WordPress', 'Killer WordPress Themes', 'How To Install Your Theme', etc.
Yes, the more advanced your site, the steeper the learning curve. But if getting lots of web traffic is truly your goal, then there's a lot to learn!
Next...
Your site needs to be about something specific. Obviously, this site is about TrafficWave and, secondarily, Internet Marketing in general. The worst thing you can do is set up a 'marketing' blog with pictures of your pets, your dolls, what you had for lunch today or whatever. Stick to one topic and make the site about that topic. You will receive far more search engine traffic as a result. Keyword focused, niche specific articles that help solve your visitors' problems are what should be on this site. Google even has a Keyword Tool (Google it!) that will aid you immensely in styling your all-important blog post titles.
Don't know what to blog about? Get started by going to EzineArticles.com and searching for articles with similar focus and topic as the ones you want to write - for example, articles about list-building and the power of a forced matrix. Once you locate a few, all you have to do is rewrite them! No, you should NEVER copy word for word, but there’s nothing wrong with using another piece of work as a basis for your own. Google Translater can take an article from English to Korean, then to French and back to English. After that, a bit of editing makes it more or less unique content.
The last thing you'll need to do is promote your site via something called “link building”. It’s a lot like how word of mouth works. When Google sees links back to your site based on certain keywords, and those links are coming from major websites with good reputations, then Google 'recommends' your site for users of their search engine. So your bottom line lesson is obviously you want to publish some great info on your new site, but you also want to publish info on OTHER sites, as the links coming back to you will help get you all that superstar traffic you’re trying to get. Want some specific tactics? Great.. there are a bunch of videos on (what else?) YouTube for 'How To Use Article Marketing', 'How To Do Social Bookmarking', 'How To Do Link Building', 'How To Get Links From Blog Comments', etc.
All in all, you can either chose to do this yourself or you can have somebody do it for you. The bottom line either way is simple: by choosing to set up a simple site and take some basic actions you can have a shot at making some great money. Simply stay focused on ONE thing at a time until what you’re doing starts working. Start building your list and your downline with TrafficWave first. THEN you can expand into other things.