Start a website in a niche you are passionate about. SEO is a long term game, so if you are not passionate about the topic you'll throw in the towel a tad bit too soon. For monetisation you can use affiliate offers, CPA or CPC.
Start a website aimed at making money with Amazon affiliate or any other affiliate type website start reading up on SEO techniques and apply them on your website
You should start to see growth and start to know what works and what does, its the only way you're going to learn is from your mistakes.
A different method of learning SEO that is slightly closer to what you would expect to be doing for an actual client is something like lead generation. i.e you set up a roofing website, rank it, and then sell the leads to roofers in the area.
Btw don't expect your first website to succeed at 100%, it can go either way speaking from experience. But when you learn it's going to be more consistent.
SEO is definitely a long game. There are some quick ways to start getting results from the Marketplace. Watch what services they offer as success leaves clues
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