Adding music to my website

I have recently purchased AVS audio/video conversion software. I want to make a catalogue of my original music available on my website and on disc.
Has anybody ever used this or something similar? wav vs mp3, downloadable tracks vs embedded etc... Aside from my site, I have VHS tapes of live shows and crazy stuff I need to save before they rot. I have a bit to learn so throw it at me if ya have input so I don't have to spend so much time researching!
Thanks a lot
Muff
www.muffyrocks.com

Wish I could help ya there, but I don't know to much about that stuff. Anybody else?????????????