command not found after creating symbolic link

I've tried three different ways to create a symbolic link to Sublime Text on my Mac and, after restarting terminal each time, it still keeps telling me command not found. I'm using a Mac with Yosemite (OSX Yosemite, 10.10). How can I create a symbolic link so I can open Sublime with the sub command?

One

ln -s 'Applications/Sublime\ http://ift.tt/1cOJ7ve' /bin/sub

Two

ln -s "Applications/Sublime\ http://ift.tt/1cOJ7ve" /bin/sub

Three (no quotes)

ln -s Applications/Sublime\ http://ift.tt/1cOJ7ve /bin/sub