| MONETIZING YOUR
VIDEOS
Monetizing is a big buzz word these days. That so many people are talking
about it means that so many people are not getting paid for their videos
that play on the web.. This is true for the big guns and networks as well as
the small indie.
First, a few painfully obvious realities:
Nobody has a safe job any more. We all work for ourselves. That's always
been true, it's just more obvious now that the economy is in the tank. The
responsibility for making money resides in the individual, employers do not
share that responsibility.
In a
fascinating article in
Time Magazine last winter Walter Isaacson, a print journalist, talks
about micro payments and how it is the way to finally put an end the
destructive freebie mentality on the web. He proposes a frightening (to
some) way to establish and maintain profitability: Charge for the product.
i-Tunes
works, Napster made powerful enemies and disappeared. Charging 99 cents per
tune keeps you in business and on friendly terms with the world. Stealing
other people's creations and giving them away for free, which some people
think is heroic in the Robin Hood style, makes it hard for anyone to make a
living, and particularly hard for the small independent.
Google and YouTube are acting more like Robin Hood than Napster ever did.
AdSense, the Google advertising program, enables everyone to have
advertising on their website. This page has four revenue generating ad
types. The header, the tower and the square are traditional display
advertising enhanced by hyperlinks. The Search Box also generates revenue
every time it is used.
You
Tube is Beta testing a program that allows partners (we're one) to enable
downloads of their videos for a small fee. We charge 99¢ for a single clip,
get to keep 45% of the take. We haven't enrolled all our clips yet since the
program is still a little buggy (Hint: You can download the videos for free
as of today - June 19). The files are MP4s, you'll have to install
QuickTime on your PC. Best place to get it is directly from
Apple.
You
don't make much money from each ad view, you may get up to 25¢ for a click,
but when you build traffic and people start clicking in large numbers, the
revenues add up. That's what they mean by micro payments, and they will make
a big difference in our media culture.
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