To make money with no investment you should first create a free website or blog, then you should write some good content which should be intrested by visitor or reader. Then you should make trafic to your blog i.e you should advirtise your blog by which visitors can know about your website and will visit (also it can be with free cost)

To make money you first need a blog. it may a premium blog or free blog . If you are a experience blogger then buy a domain name and a web host which will provide space for your blog (Below some top webhost providers which provides domain name registration and web host services) then you should design your blog . you may design by a web designer by paying money or design yourself by using a website builders with premade templates. you think what is difference between a blog and a website ? I clear your doubts first that a web site is static which is once created then mentains at a long time interval but a blog is regularly updated time to time(even every day). Also a website pages are sorted by contents name but a blog pages are sorted by date .
Some Good Webhost Providers are :
Godady.com
Ewebguru.com