Baby's first plan. Need some tips or correction.

SystemOp

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Hi all,excuse me if this is not the right forum to ask,
after reading and reading in here I thought I would have my first try at making money online.

I came up with a sort of common and simple starter plan:
-Choose a target audience
-Create a product (book/software/videos)
-Get a domain and host a website with a buy page
-Try to get traffic to the site to attract buyers for my product
-Maybe use ClickBank to get affiliates to promote it

But I have a few questions:
-Are there any fees you must pay for clickbank as a seller (money you have beforehand) or do they just take a percentage of what you sell?
-Do they provide a way of hosting your product and automatically sells upon receiving payments?

Any veterans in this topic are gladly welcomed to correct anything wrong about the method or add some tips on better ways to monetize a product (keeping in mind I might only afford the website as investment for the moment).
Thank you.
 
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