This is a great post at John Chow Dot Com Blog.

It’s crucial to have a blog and have your own home on the social media circle. When you have a blog you own all that you post and nobody has control over that, so a blog it’s a must have. You can then share to other parts like Twitter and Facebook via your blog.
I like to post on this blog and then share it through the social circles and syndicate all the content around here.
These blog posts talks about a not so known way to get up and running with your wordpress blog in 15 minutes.
You only need 20 dollars to do these and you are set to go!
Start posting
Easy peasy