Most dedicated server hosts provider their servers pre-configured with a mass virtual hosting control panel such as Plesk, cPanel or (and less straight forward) Webmin. If you're a novice to dedicated servers look for a package offering one of the first two.
You will have access the control panel on a special port number on the IP address of your box; for example http://your_ip_address:12345
Then, setting up a new site is as simple as entering the domain name, choosing an FTP username and password and hitting GO. Each account that you create will to all intents and purposes look exactly like any standard shared hosting account you've been buying already.
You would need to ensure that DNS for the domain name is configured to point to the IP address of your dedicated box; but with some hosts even that is taken care of if you also register the domain name through them (this is how 1&1 do it, although there's still nothing stopping you registering a domain name elsewhere).
Hope this helps!
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, and the service etc. was quite good. but after reading people comments about them im wary about investing my own cash there.

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