YouTube isn't profitable yet, but that doesn't mean you can't make money on the video sharing site.

We recently profiled 10 YouTube stars who have already figured out how to make hundreds of thousands of dollars off their videos. We estimated one star, Philip DeFranco, makes $181,000 per year.

As easy as folks like Philip make it look, however, the road to making money on YouTube isn't smooth. It takes plenty of time, patience, and luck to see a payout of any sort.

To make life easier for the average YouTube user, we've created a step-by-step guide on what you need to do to become the next Philip DeFranco and begin making money on YouTube.