Which are the best ways or activities through which I am able to drive targeted traffic to my website? Share your brilliant views upon it.

Think content marketing. It rocks!
http://contentmarketingplus.com/what-is-content-marketing

Definitely, the best way to amass targeted traffic is through Search Engines. And traffic through Search Engines (Organic Traffic) does not come easy. First, you must understand the importance of utilizing the relevant keywords relating to your topic in the title and body of your blog post. Equally, note every post invariably have its own PR different from the main URL, which depends on how popular the post is, based on links generated by that post. Back links are what lend weight to blog post to rank high in search serp and the more the back link the better the result. But, mind you, do not spam, as you would be penalized by Search Engines.