Set up your channel to earn money
Step 1: Enable your channel for monetization.
Step 2: Connect your channel to an AdSense account.
Step 3: Review video criteria & ad formats.
Step 4: Monetize your videos with ads.
Apply Steps and earn on your adsense account try to try no problem.
You forgot the most critical step. Post a quality video
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This step new post and how to traffic on youtube videos.
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Source: http://babysteps2onlinesuccess.com/making-money-online-with-youtube
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