Work on an open source project.
Build your own site. If you don't have ideas, then look through flippa.com for ideas. Build a site, and then sell it on Flippa.
Find out what people want, then build it for yourself. For example, you could build Wordpress add-ons and sell them. People will give you ideas for this all day long.
If you must work for someone else for cheap (not free!) then look for your closest web development shops and offer to work as an intern for cheap. If you don't get work, then learn more and come back later.