Starting With Adsense - Build a Paid Website

So you want a paid hosting(as cheap as possible) and a domain also :
1) I recommend Siteground. I have several websites with them. They offer a free domain and also amazing space and bandwidth for almost negligible price. Their uptime is like 99.9% (for real) and support staff is amazing. Go get the hosting >>
2) Now that you have a paid hosting, and along with that, a domain. You might want to install any Blog Script ( Wordpress ) , or CMS Script ( Joomla , Drupal ). These scripts will allow you to easily create a website with little effort. I wouldn't go into the details of these scripts. Please learn how to use them yourself.
3) Now, that you have a website, add some content and launch the website. Now comes the hard part : Apply for Adsense. After you submit your application, you might have to wait for a week or two for their decision on approval/rejection.
4) Publicize your website by posting articles in Social Bookmarking Sites ( Digg , Reddit ). Submit your site to any of the tons of Listing Directories (Search google for 'website directory' ). Submit to search engines for free : Submit Express .