Step 1. Create A Virtual WiFi Network in Windows 8 & 8.

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To begin, we'll need to open the Command Prompt with administrative privileges and
use a command to create a virtual wireless network that is broadcasted by your
Windows 8.1 device.

To show you how this is done, we will create a wireless network called Hotspot. The
password for this network will be "7Tutorials".

Inside the Command Prompt window, type the following command:

netsh wlan set hostednetwork mode=allow ssid=Hotspot key=7Tutorials

Notice that the name of the network is set using the SSID parameter and the password
is set using the KEY parameter. Obviously, you can set your own values for them.

To create the access point, press Enter. If all goes well, you should see that the hosted
network has been set.
Now you have created a virtual adapter that can function as a wireless access point for
other computers and devices in your area. However, in order for it to work, you need to
take one more step: turn on this virtual adapter.

Do not close the Command Prompt. Keep it open and enter the following command:
netsh wlan start hostednetwork

Then, press Enter.

The virtual wireless adapter is now started and shown in the Network and Sharing
Center.
You can connect all your devices to the newly created wireless network. However, it has
no Internet access. If you stop at this point, when you connect other devices and
computers to the newly created access point, you can create a network between them
and use it to share files and resources.

Step 2. Allow Internet Access For The Devices That Are

Connected To The Virtual WiFi Network
Open the Network and Sharing Center. Notice that the virtual network adapter you just
created is displayed as active, but it has no Internet access at this time.
Click or tap the connection of the physical network adapter that currently has Internet
access. In our case, it is an Ethernet connection.

This opens the Status window for the selected network adapter. Click or tap Properties.
In the Properties window, go to the Sharing tab.
In order to give Internet access to the virtual WiFi adapter that was created earlier, check
the box near "Allow other network users to connect through this computer's Internet
connection".
Then, select the virtual adapter that was created earlier.

Click or tap OK and Close to save the settings you've made.

Go back to the Network and Sharing Center and you will notice that the virtual network
adapter now has Internet access.

The virtual adapter now gives Internet access to all the devices that are connected to it.

Step 3. Connect Your Wireless Devices To The Access Point

The next step is to connect your wireless devices to the virtual WiFi access point and use
them to access the Internet. Also, the devices that are connected to your laptop or
hybrid PC, are placed in the same network with the access point. You can use that
network to share files and folders between devices.