Making Money On YouTube Video API

I've heard this is possible, but I'm having trouble finding the information on exactly how to set it up. I have a website where users can view information about specific objects, a

Solution 1:

You can only generate revenue from a video if you are the creator and owner of it (through AdSense). There is no way to generate revenue from a playback of a video you do not own directly through YouTube.

You could however sign up for Google Adsense and place adverts on the web page that holds each video. This way every time a video/page is loaded if the advert is viewed/clicked you would generate revenue. Read more here.

I highly advise reading the terms and conditions of Google Adsense carefully however as the rules are very strict on this sort of thing.