Yes, one can make money on YouTube by becoming a YouTube partner, which allows you to display ads on your videos, and then you can earn a percentage of the revenue generated by clicks on those ads, much like with AdSense. First you need to have YouTube account and then add videos with high quality and not too long, try to upload regularly and stay consistent with your uploads. Keep uploading more and more videos and try to get people hooked, also send your videos on twitter and Facebook and distribute it else where on the internet. Then you can become a YouTube partner. Upload good content regularly, and have either a viral video or a decent sized audience, try to eliminate copyrighted material on your channel and in your videos. After that setup Google AdSense account, it is the process to be able to display ads on your YouTube videos, your earnings and stats will go together with your AdSense account. By sharing the link or embedding the video on the internet, you are increasing the chance of it getting noticed and of you making money.
