I got rid of all the ads on my youtube video because they are just so irritating.
Step 1: Do Something Silly and Post a Video
Hula hoop video in an instructable:
Older instructable with electric video:
Step 2: Setup a Google Adsense Account
This was surprisingly complicated, google seems to use every form of internet identity verification, including depositing a small amount in your checking account and having you verify the value, and physically mailing a letter with a pin number on it.
Adsense - pays you to show adds - this includes banner ads you can put on your webpage and the advertizing on youtube.
Adwords - charges you to display adds
Step 3: "Monetize" the Video
Overlay in-video ads - these are the banner adds that show up on the bottom of the video, and are not too bad.
TrueView in-stream ads -- these are the terrible commercials that show before the youtube video
Step 4: Views GraphResults -- Views
Here are the views for a hula-hoop video that I put in the first step of an instructable.
The spike in views corresponds to when I added this video to an instructable.
Step 5: Earnings Graph
Step 6: Pickle Video Views
Step 7: Pickle Earnings
Step 8: Total Views for July
Step 9: Total Earnings July
Step 10: Final Earnings in Adsense
In the months following this post, the monthly earnings dropped to about 6cents. I decided it wasn't worth having all the adds and turned them off. 8/30/2013
also - this is a link to my cell phone bill from Ting mobile -- not sure if there is a whole instructable here...