You have to take that epic first step of starting your stream if you want to monetize. Put yourself out there!
Next you need to become a Twitch affiliate. You need 50 followers, and average of 3 concurrent viewers to become an affiliate
Once you become a Twitch affiliate, you can start to monetize with ads, subscribers, bits, and cheers. But it's not that simple.
To really make money on Twitch, you need to attract viewers. This is the hardest part of monetizing your Twitch stream.