Unique IP and file sharing in VMWare Player

I wish to test to run application which need a unique IP and file sharing in the same LAN using in VMWare Player.

In Click on edit virtual machine settings.
In the Hardware tab, click on Network Adapter
In Network connection, select Bridged: Connected directly to the physical network.

Click on Options tab.
Then click on Shared Folders and then select Always Enabled.
Click on OK button to save the settings.

Now, start the virtual machine and i can share my folder in the virtual machine now.