FIRST you have to open an account in youtube.com
To become a YouTube Partner, you must meet these minimum requirements:
* You create original videos suitable for online streaming.
* You own or have express permission to use and monetize all audio and video content that you upload -- no exceptions.
* You regularly upload videos that are viewed by thousands of YouTube users.
How do YouTube Partners earn money?
"Our Partner Program is a revenue-sharing program that allows creators and producers of original content to earn money from their videos on YouTube. You can earn revenue from relevant advertisements that run against your videos using Google's proprietary technology. The program is free to join."
More information about the Youtube Partnership Program here: http://www.youtube.com/partners
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