Welcome to the budget end of Garage Glamour! Don't give up hope, you'll be astonished by what you can accomplish with what you've got. Heck, you've already got me beat; you're starting out with a very good camera.
The thing about hot lights is that they've gotta be pretty close (and hot!) to work, which tends to make bright spots. Those bright spots are pretty much my only real problem with the shot. See if you can get your model to powder heavily; that generally mutes the problem. Diffusing your light is even better, but it doesn't sound like you've got any to spare...
I'd lighten the whole thing up in PS, too, but it's a noble beginning!
Shot with a 2MP Olympus, lit with one 500w Halogen fixture diffused with a home-made diffusion panel: