You can start with choosing a niche, picking a sponsor, buying a domain, getting a good host, and buying some content for your first site.
Then go through the links on some linklists like PK and see what people do on their sites.
For a start, forget about frames, consoles, mouseovers, multiple entry pages, target tags and funky scripts. Just build a simple site: warning page -> main page -> page1 -> page2.
Then go over to big link lists like PK, GG, TB, RR, and so on and submit your site. Make sure you understand their requirements.
Then submit your site to DMOZ and SE's.
Then, laugh all the way to the bank to cash your check to buy two more domains and more content and build two more sites in different niches.
Make and launch these sites making the corrections that you learned from the first one. (start thinking about consoles, multiple entry pages, toplists and avs traffic)
In three months (when the real season starts) you won't have time to bullshit people on the boards, cause you will be too busy making sites in between your trips to the bank.
Regards,
x3m.