Sure thing. Check out [1] for the overview in video form. I saved some money by building my own softbox with cardboard, duct tape, aluminum foil, and white tissue paper (works surprisingly well), and got the corncob bulb direct from China [2] since the right color temp wasn't available on Amazon or eBay at the time. Note that if you go that route you'll probably need one of these [3] as well. Alternatively, you can grab one of these two-light kits for lots of light on the cheap [4], but you won't get much control over per-side intensity. Be sure to watch a few "video lighting tutorial" videos on YouTube to see how they are usually setup in relation to yourself and the camera for best results.
I have two lights. One bright one to my right-front, and a dimmer one to my left. I couldn't get a good bounce panel setup with the way my apartment is arranged. Note that my apartment is really dim, even during the day, due to the way the windows face. If you get more sunlight you can probably get away with a single light.
