Great, thanks for your help.
After going to http://rbkkr95.pythonanywhere.com/, you'll see a succesful installation of the virtual environment.
Some tips for other users:
Strictly follow the instructions.
If you have called a previously started web app "mysite", then call this new "virtual project" for example "djangomysite".
If you have already started a previous web app, then you'll notice that your wsgi file already contains some settings for that project. For example, I've started a Flask project, you would know that if you've read my previous forum messages carefully. If that's you're case too, then comment all the settings for your Flask project and put the new settings for this virtual environment inside the same wsgi file, below the commented settings for your Flask project.
I've changed the instructed piece of code
activate_this = '/home/virtualenvdemo/.virtualenvs/django14/bin/activate_this.py'
execfile(activate_this, dict(__file__=activate_this))
import os
import sys
path = '/home/virtualenvdemo/mysite'
if path not in sys.path:
sys.path.append(path)
os.environ['DJANGO_SETTINGS_MODULE'] = 'mysite.settings'
to my custom code:
activate_this = '/home/rbkkr95/.virtualenvs/django14/bin/activate_this.py'
execfile(activate_this, dict(__file__=activate_this))
import os
import sys
path = '/home/rbkkr95/djangomysite'
if path not in sys.path:
sys.path.append(path)
os.environ['DJANGO_SETTINGS_MODULE'] = 'djangomysite.settings'
EDIT
Even after the deletion of the "mysite" folder for my Flask project, the Django project still works. I will only use virtual environments now, because I love having multiple apps in the future.