Step 2: Create Inbound firewall rule for port

Open the Windows Firewall manager (Administrative Tools » Windows Firewall with Advanced Security).
Click Inbound Rules.
On the right side of the window, click New Rule.
A new window should pop up:
1. Select Port, click Next.
2. Select TCP.
3. Specific local ports and in the field enter the port you entered into IIS, click Next.
4. Select Allow the connection, click Next.
5. Check any boxes that may apply, click Next.
  
  This example leaves all three checked.
6. Give a name to the rule (VS Web).
7. Finish.

You now should be able to navigate to the VS website using either the IP address or domain name of the VS Workstation with the addition of ":port#" to the end.

Example: myvitalsignsweb.com:49500