THE FIRST STEPS
First off, you're going to want a PayPal account. It is best that you use real information, and verify your PayPal account to avoid any complications.
After creating your paypal account, you'll want to get yourself a website. There are many free providers that give all the tools needed to make a beautiful website.
Try out Weebly, SPAM, or Wix to make your own website!
NOW THAT YOU'VE GOT THE BASICS, LET'S GET INTO THE GOOD STUFF.
Monetizing your website
In order to earn money from your site, you're going to need what is called a Niche. This is essentially a topic, the main basis around which your website is focused. It should be something that will bring the attention of a specific audience. My niche, for example, is meant to appeal to an audience that wishes to earn some extra pocket change with their bits of free time. It's best to reach out to people similar to you, and most of all get creative!
Try making your niche about one of your hobbies!
NOW IT'S TIME TO CREATE THE CASH FLOW.
Finally, now that all provisions are in place, the moment you've been waiting for. The next thing you'll want to do is create an account over at Chitika.
Chitika is a website that you can use to insert advertisements to your website. Simply by doing this, and then driving traffic to your site you will now be earning a steady passive income!