Internet video websites are becoming extremely popular nowadays. As you may already know youtube is the third most visited website on the internet only behind google and facebook.
You may think that probably opening a video website similar to youtube is a very bad idea because competing with such a monster would be extremely difficult. It doesn’t matter because you don’t need to open a general video website like youtube. Instead you can open a niche video website that would accept videos that are relevant only to a certain niche, for instance funny videos and bloopers or stunning videos (like liveleak.com)
In order to start with a video website you will need a special script. One of the easiest ways to start is using wordpress and some of their special themes for video galleries that you can find using google. Most decent themes for this kind of websites are premium with prices ranging from $50 to $200
Another option is to hire a programmer and ask him to design a custom website for you.
Once you have the site up and running you need to start promoting it. The most economic way is using search engine optimization. Other methods include banner advertising, ppc, pop up advertising or buying text links.
Another thing you need to take care of if you want to earn money with your video website is choosing the monetization method you are going to use. There are many options inlcuding adsense, adbrite and other advertising networks. You can also sell advertising and banner spots, promote affiliate products from amazon, etcetera.
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