The first step is testing. There are plenty of ideas here about how to approach torrents so pick out a few and test them. Remember that most of these methods are somewhat saturated and will require you to tweak them around a bit until you find what is working - it requires some original ideas of your own and these will come to you as you test.
Next step is taking the best method you have found and refining it until you are getting maximum performance. This is a bit like "split-testing" and it's a difficult thing to do with torrents since most trackers don't report downloads accurately, but if you watch your traffic from your torrent client you can make some decent estimates that will help you determine what converts the best.
Once you have your method, you can then focus the other aspects of the process - which is basically collecting, uploading, and your server.
Starting out you will probably not have a server which is normal but start shopping right away. You are going to want a vps as soon as possible, something in the $30-35 range
(I have heard good things about xsserver so google it). Set a goal to get yourself on a vps as soon as you can.
The collecting and uploading part takes time to perfect. As you collect your files you will start to get faster at it. Start to determine what files are most popular, what sizes get the most traffic/conversion, and where the best places are to find such files. There are lots of tricks to speed this process up and you will learn them along the way as you refine your skills.
Uploading is a tedious job if done manually but that is where we all start.
Pick your sites and know them well - watch traffic stats to determine which are worthwhile and which are not. Place your links on the quicklaunch in your browser, use elite proxy switcher to fast switch out your proxies, and ccleaner to quick clean cache. Once you can, think about purchasing a tool to help with your uploads - torrentator is not perfect but it does speed things up considerably.
The best thing you can do for yourself right now is decide if torrents are the right path for you or not. The majority of people will half-ass attempt torenting and fail miserably for lack of motivation, -it's not as easy as it looks on the surface and you really have to commit yourself to it if you expect suceed.
If you make that commitment then go after it with everything you got. Set goals and achieve them -like this week I will upload 30 torrents , next week 40, week after that 50 etc. There is so much you will learn in the process of it that nobody can teach you - there are no shortcuts just hard work, and it is always hardest at the beginning.
If you stick out the hardships you will make it and enjoy a very nice return on investment. I'm cruising towards a six figure income this year and it's all torrents!
... big THX
