answer:One way to make money on Youtube is if you’re a celebrity. Google will pay celebs a hefty chunk for endorsements. Check to see if you are in fact a celebrity. No? Okay let’s move on. First of all, let’s be clear about the fact that Google owns YouTube. It’s just another giant ad space for them to monetize. You mentioned AdSense, which you could put on your channel and make a little bit of extra scratch. Here’s the “cliff notes” on how that works: You sign up for adsense, and place it on your Channel. Google shows the ad to people who come to your channel. If they click the ad, you get paid. That’s the simple version of course. It takes a LOT of clicks to get any decent money. As for how you get paid, the best way is a paypal account. If you’re even thinking about monetizing anything on the internet and don’t have a paypal account, go learn about Paypal and set up an account. Do that first. It’s free, it’s easy and most importantly – it is secure. Monetizing anything on the internet, no matter where on the internet will always require the same thing: Lots of eyeballs. (meaning Traffic / Views) The more people are attracted to something you created, the more your ad space is worth. Pretty simple concept, but tough to achieve. But trust me, by the time you start bringing in the huge droves of traffic, you’ll have better means of capitalizing on them than adsense. Enjoy!