Earn Money from Youtube Videos :Youtube Partnership Program(YYP)

Official Google Blog: In the future, everyone will monetize their 15 minutes
If you have a video that can have  large audiences  with many views, you are going to make huge money out of it .
As now, when you upload (or have already uploaded) a video to YouTube that accumulates lots of views,
Google Adsense team will invite you  to monetize that video through their newly launched YouTube Partnership Program (YPP)
By sending an email to you or you can see an “revenue sharing”  message next to your video in watch page ,
And you can start earning revenue from it .you will receive Money at  your address through Google  Adsense account ,
If you already have an adsense account , they will prompt you to link your  YPP to Adsense Account 
If you you don't have an adsense account you have opportunity to create one.
Before sending an email YPP will look into that video to determine whether a particular video is eligible for monetization,
By taking into account factors like the number of views, the video's virality and compliance with the YouTube Terms of Service.