you setup a code, that auto grabs content from the web, and so the website promotes itself by getting regular updates. you can check wpconfig.com for an example
visit an auto-submit url site and complete their registration form. The form will as k you about promotional information such as keywords, description, website title, etc.They will then submit your URL to many search engines in their data base automatically.
What I think you are talking about is automating your business, correct? In this case, it is best for you to first build up a good amount of traffic to your offers by writing your own content. Once you see that you are getting a good amount of traffic, change the page you send the visitors to to a squeeze page and collect email addresses. Then set up an autoresponder and pre-load around 20-30 messeges that will be sent out over time. You can increase this number if you would like your campaign to run longer. The messages you will send out will be a mixture of helpful tips and promotional material. The next step is to outsource your content creation and distribution once you have enough money. Then you can move onto creating your own product and have others promote it for you. Bang, bang! The keys to automated online business.
In my opinion, you should always have control over your website.... you can miss out on great opportunities if you just let your blog do its own thing.
If you are using wordpress, there are plenty of paid plugins available to do so. Example for content auto pilot is Caffeinated content.
thats simple, 1. Build a wordpress autoblog with any auto content fetching plugin. 2. Use social bookmarking plugins to bookmark everytime you have a new post. 3. Do some directory submission, i guess a softwares are available for this.. 4. watch traffic roll in..
I think that MoneyHungery1 has the best advice. All of the others will just be a waste of time most likely. No auto content website with purely duplicated content works well.