1. The most important thing you can do is determine what niche you're going to be in. There are so many different ways to earn money oney on the Internet, but it all comes down to having a product that solves people's problems.
I shouldn't say it all comes down to that, because there are people who buy things for fun that they don't need all the time on the Internet, nut you will find that those can be a very competitive niche to be in.
Your best chance to earn money online is to find a narrow niche that isn't too competitive, and that you have an interest in. Then learn how to turn that into an Internet business.
2. Once you determine what niche you want to be in you are going to need to find products to sell. You can either create products yourself, or you can go and sell some of the else's product.
As an affiliate marketer you'll be given products to sell by merchants looking for people to sell them. You can also find products to sell online with private label rights or resell rights.
Regardless of how you do it you will need products to sell to make money and the Internet. So it's going to be important that you find quality products and possibly even buy or use those yourself.
3. At this point, you can do one of two things. If you can afford it, you can outsource all the details of setting your online business up.
This could include starting a blog or building a website for you. It could include hiring an article writer to create content for your website or blog. It could also include hiring someone to promote online for you.
If you choose not to outsource things then you are going to have to develop the skills it takes to make money online running your own business. The most important skill you can learn is traffic generation.
Even if you hirer out someone to build the most beautiful website in the world, if you never get anyone to your site, you'll never make any sales and earn any money.
In summary, outsourcing and learning skills are really the only way to make money online. What you lack in time, you can make up for by investing money to have someone do for you. What you lack in money you will have to make up by investing your time.
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