How to make your first $1 online?
1. Shrink + Share urls = $$$ with the old Adf.ly and Shorte.st or read this article.
2. File sharing (where you upload and promote your files and earn per download, this may punch you to blackhat space. I recommend you to use these legit file sharing sites)
You may also want to check:
3. Fiverr (got skills? Content Writer, Website Designer, SEO expert...etc. Sell'em on Fiverr for $5)
4. Affiliate marketing with ClickBank (this is going to be tough but the rewards are great, I mean $$$ lots of $$$ if done right)
5. Blogging for Google Adsense money (is more passive income stream, takes time, you also must be approved by Adsense before ads sfow on your site whci also must be created and intereferes investments for a domain and webhosting).