I can point you towards a few resources.
For example - for learning ppc:
perrymarshall.com
page-zero.com
adwordsmentor.com
for learning seo:
seobook.com
seoresearchlabs.com
i can't think of one resource right now that tells you how to convert traffic. you'll need copywriting skills, usability and design skills ... and find what works first hand. learn from your competition too.
this probably hasn't answered your question, but internet marketing is a huge subject, so rather than spending money on trial and error i would suggest learning from those more experienced than you and who are willing to share their knowledge. those resources I've mentioned are a good start.
and be careful about much informaiton offered, especially on free sites - much is out of date and also a lot of it is just plain incorrect.
and btw - i don't think you need a dedicated server, especially at the level you're currently playing at. a basic shared hosting package will be fine.
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