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It is always hard at the beggining I can understand that, but as long as you have your own domain name most sponsors should accept you.
You got the idea quite right, you write some content, put up a picture or two link to the sponsor and then promote the hell out of the site. But if you want to be serious in this business, you need your own domain name first.
If you want more help you need to be a bit more specific explaining what problems you have setting up your site, besides sponsors rejecting you.
Check out my signature to sign up for a sponsor with great toosl that will be more than happy to take up newbies on board. You can ask them for free hosting if you only ipromote their sites they will give this to you.
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