Simple Newbie Internet Success
Buy Web hosting.
Learn WordPress.
Learn to pick niches.
This is all about keyword selection. Do not overthink this to begin with. Find a Guru you agree with and follow their advice. There are thousands of ideas that will work. You must get started and build and then link.
Build web sites.
Promote your websites
Learn to get links from places like Tipdrop, blogs, and article marketing.
I will not put a lot of time and energy into a project that is based on someone else owning my content. Thousands of people have had their Squidoo pages deleted in the last six months.
You put it in very simple terms but that is pretty much the gist of it. Creating a blog and generating traffic is not nearly as hard as some people think.