You didn't say whether the bike was running before you bought it, and if so, how long ago.
If it's been sitting, I would buy a new set of plug for starters and probably a new set of plug caps. Buy a manual.
Then do a standard tune-up service including oil, filter, air filter, timing, BRAKES (!), chain, tyres. Buy a manual.
Now, does it start? If not, go back to basics: Fuel (are plugs wet?), Air (carbs leaking?), Spark. Buy a manual.
The key should have three positions:
1. OFF
2. IGN - bike should run, key cannot be withdrawn.
3. PARK - park lights work, key can be withdrawn.
At least, that's how it works here (UK) - other markets may be different.
If you have to jiggle the key, this is bad news and probably means that the ignition switch is broken (on my 500, one of the wires came unsoldered/broke off) - this is very dangerous as the lot may go off just as you pull into the overtaking lane at 90+ ...
Oh and did I mention, buy a manual. The best investment you can make.
While you are doing all this, keep in touch via this board.
Good luck