There are quite a few howto's for LVS, but all of them are quite extensive. To be honest; you'll need to read them at some point, but for now let's try to make a very minimal howto for setting up LVS.
Configure the director/loadbalancer to have two NIC's. One side on a routable network, the other side connected to the machine running the services, called realservers.
# chkconfig ipvsadm on
# sed -i 's/net.ipv4.ip_forward = 0/net.ipv4.ip_forward = 1/' /etc/sysctl.conf
# sysctl -p
If you want your realservers to be able to use the internet, execute these lines on the director. Replace YOURREALSERVERLAN for the network address of the network where the real servers are located, for example. 192.168.1.0
# iptables -A POSTROURING -s YOURREALSERVERSLAN/24 -j MASQUERADE
# service iptables save
Fill in the blanks for PUBLICIP and REALSERVERIP. If you would like to add more servers to this virtual server, just repeast the last line a few times, changing the REALSERVERIP every time.
# echo "-A -t PUBLICIP:80" > /etc/sysconfig/ipvsadm
# echo "-a -t PUBLICIP:80 -r REALSERVERIP -m" >> /etc/sysconfig/ipvsadm
# service ipvsadm start
From a machine other then the redirector and/or the realserver, visit the ipaddress of your virtual ip.
N.B. I have spent quite some time trying to access the loadbalancer from the loadbalancer; this does not work.