Step 1:Create a studio
Step 2:Underneath channel, go to status and features
Step 3: Enable your channel for monetization.
Step 4: Connect your YouTube channel to an AdSense account in order to earn money and get paid for your monetized videos.
Step 5: Take a minute to get to know the kinds of videos you can monetize and the different ad formats.
Monetization means that you authorize the presence of advertisement on you tube and you tube charges advertisers for these and shares the fees with you allowing you to make some money from people viewing your videos
The more the views the more money you earn