OK, you came to the right place.
You said
My Laptop is ASUS 550L
If the computer camwith Windows, then it already has beenlicensed. So you do not need to buy a new retails copy of the Windows operating system.
Here is what people do if for some reson they do not have the install CD or DVD.
You get a friend t o help with a working computer taht has Internet
You two will do this:
A. Go to the Microsft ssite and look for a download of your version of Windows
( Maybe your is the Home 32 bit version.)
B. Burn the ISO file to a DVD using any ISO burner.
C. Taje the new DVD and set yur computer to boot from theDVD.
(This is inside opf the BIOS setup area.)
This video shows ho you make the laptop boot up the DVD
http://www.asus.com/NZ/support/FAQ/1008829Can you do that?
EDIT:
From a Google search:
Download Windows 7 - Microsoft
https://www.microsoft.com/en-us/software-download/windows7
If you need to install or reinstall Windows 7 you can use this page to download a disc image (ISO file) to create your own installation media using either a USB ...Link above has more information about product key issues. If yu can't find the proct key, you may have to call Microsft support.