I am in exactly the same position as you having just bought the Money Syphon program. I can see how it works but, like you, have read and watched so much that my head feels just like a pan of well-cooked spaghetti at the moment. :o
I think (and could be completely and utterly wrong here) that the first thing to do is to decide/research etc. which programme/product you are interested in affiliating with and then go through the rest of Jonny's process to get all that set up. That in itself is going to take me quite a while because I haven't really dabbled in alot of what he recommends you to do.
Anyway, I would be more than happy to share my experiences as I go along, if you would like me to (but don't forget, I am very much a learner :-[)