11 Top Video Monetization Platforms in 2024.
by Tanya Sharma
18 April 2024
20 min read
Are you a content creator looking to monetize your content? Are you on the lookout for some of the best video monetization platforms in 2024? And did you know YouTube is not the only platform to monetize your videos? Did I just surprise you? Sit back as you're in for a breathtaking read!
Content creation is currently one of the highest-paying jobs! As a content creator, you can monetize and earn significantly from your video content. YouTube, for example, will pay you between $0.01 and $0.03 for an ad view—you can make roughly $18 for 1,000 views. According to MintLife, the average YouTuber salary for those with at least 1 million subscribers is $60,000 annually.
Today, most successful content creators make their money through brand sponsorships. On Instagram, macro-influencers (with over a million followers) can make $10,000-$1 million+ per post. While micro-influencers (10,000-50,000 followers) make between $100-$500 per post, micro-influencers roughly earn between $50-$250 extra a month.
Therefore, the platform you choose to host your videos significantly impacts the visibility and viewership of your content. But you needn't worry; we'll guide you through the best video monetization platforms where you can make good money with your great content. (If you aren't a content creator, keep reading this blog until the end; in the next 30 minutes, you'll be inspired to become one!)
In this blog post, we'll explore the top 11 video monetization platforms and discuss the pros and cons of each. By the end of this blog, you'll better understand how video monetization works and how to choose the right platform to monetize your content.
What is Video Monetization ?
Treat this blog as your handbook for video monetization platforms. For beginners, a video monetization platform allows you to monetize your video, enabling creators to earn money from their video content. Generally, such platforms offer monetization options like advertising, subscriptions, and transactional models, allowing creators to generate revenue from their videos.
Overall, video monetization is an essential aspect of the content creation process for those who want to turn their passion into a sustainable career. By using the right platform and monetization strategies, creators can earn revenue from their videos and build a loyal following, all while producing engaging and valuable content.
With that being said, video monetization platforms can be categorized into six kinds:
Each platform type has its benefits and drawbacks, and content creators should carefully consider their options to choose the platform that best aligns with their goals and target audience. With so many options to choose from, it can be challenging to decide which platform is right for you. Let's explore each category, examples, and their pros and cons.
Subscription-based Platform (Subscription Video-On-Demand or SVOD)
As the name suggests, subscription-based video monetization platforms allow content creators to earn money from their audience by providing exclusive content in exchange for a monthly fee. Several platforms enable creators to monetize video content on a subscription basis. Here are the top subscription-based video monetization platforms for creators:
1. uScreen
uScreen is a video monetization platform that enables creators to monetize their video content by offering subscription-based services to their audience. It provides tools that allow creators to launch their own video streaming service and monetize their content directly through subscriptions or rentals.
With uScreen, creators can fully control their content and branding and customize their video player, landing page, and payment options. The platform also provides detailed analytics and reporting to help creators track their audience engagement and revenue.
Here are some of the features of uScreen:
Overall, uScreen is a feature-rich and flexible SVOD platform that offers creators a range of powerful tools to monetize their video content and grow their audience.
2. Kaltura
Kaltura is a video monetization platform offering various tools and solutions for monetizing video content. Its platform includes advertising capabilities and options for subscription-based video monetization, pay-per-view, and transactional video on demand (TVOD). Kaltura's video monetization solutions are designed for various use cases, from media and entertainment companies to corporate training and education providers.
Overall, Kaltura offers the following features:
3. Cadjin
Cadjin helps you monetize your content with innovative pricing strategies on multiple currencies. We offer the best online video platform that simplifies the distribution of premium media content. Whether it is Pay-per-View, Subscription-based streaming, or Live Streaming, we have it all for all digital devices.
Additionally, our platform allows seamless integration with more than 20+ payment getaways across the globe, creating geography-specific Subscription, PPV/TVOD, Rental, and Hybrid plans in alignment with your business strategy. With our seamless technology, you can insert advertisements, coupons, etc.
Here, at Cadjin, you can find industry-specific themes and templates with interactive pop-up players to make your entertainment OTT platform a class apart. Following are some of the many benefits that you can avail with us:
Let us see what others are saying about us.
4. Patreon
Patreon is a subscription-based video monetization platform that allows creators to earn money from their content by offering exclusive access and perks to their supporters, also known as patrons. Since its founding in 2013, it has become popular among creators of all types, including musicians, podcasters, artists, writers, and more.
Creators on Patreon can offer a variety of rewards to their patrons, such as early access to content, exclusive behind-the-scenes updates, personalized shoutouts, access to exclusive communities or discord servers, and more. Patrons can also choose to support creators with a monthly subscription, and in return, they gain access to the creator's exclusive content and perks.
Patreon takes a small percentage of each transaction; the rest goes directly to the creator. It also provides various tools and features to help creators grow their fanbase, manage patrons, and communicate with them effectively. Overall, the platform provides a unique opportunity for creators to monetize their content and build a loyal fanbase, allowing them to focus on their creative work full-time. It has become a popular choice for many creators looking to earn a sustainable income from their passion projects.
5. Vimeo
Vimeo is a video hosting and sharing platform primarily focusing on high-quality content created by professional or aspiring filmmakers, videographers, and other creative professionals. It offers a range of features and tools for video creators, including the ability to upload and share high-quality videos, customizable video players, customizable privacy settings, and a suite of video editing tools.
One of its unique features is its subscription-based service, Vimeo Pro and Vimeo Business. These services offer several benefits, allowing creators to monetize their content by selling access to their videos, video analytics, customizable video showcases, and the ability to collaborate with team members and clients. In addition, Vimeo provides a community and marketplace for creators to showcase their work, connect with other creatives, and find paid work opportunities through their platform.
How do subscription-based video monetization platforms work?
To save you from a long read, here is a bulleted summary of how these platforms work:
Pros and Cons of Subscription-based Video Monetization Platforms
PROS:
CONS:
However, with Cadjin, you don't have to worry about the above-listed cons. You can easily access 20+ payment getaways across the globe, create content on a broad range of topics (from entertainment to fitness), avail free demos, and choose a plan that best suits your need. Interested to learn more? Click here right away!
Subscription-based platforms can be an excellent option for content creators with a dedicated audience looking to monetize their content beyond traditional advertising revenue. These platforms can be a powerful tool for content creators to build a sustainable income stream and connect with their most dedicated fans.
However, creators need to understand that building a loyal subscriber base can be challenging and that they will need to produce high-quality and engaging content to retain subscribers consistently. Hence, at Cadjin, our technology and services ensure your content reaches the right audience. While you focus on your creativity, we focus on our technology to make your creativity reach new heights! ( Learn how.)
Advertisement-based Video Monetization Platforms
Advertising-based video monetization platforms like YouTube and Facebook allow content creators to monetize their videos through advertising revenue. Here's an overview of how advertising-based platforms work:
Advertising-based platforms can be an excellent option for content creators with a large, engaged audience. However, creators need to understand that the revenue generated can vary widely and may not be consistent. Additionally, content creators may have limited control over the ads displayed alongside their content, which can be a concern for some creators. Overall, advertising-based platforms can be a powerful tool for content creators to monetize their videos and build a sustainable income stream.
Let us learn about some of the most popular online video monetization platforms that allow monetizing video via ads:
6. YouTube
YouTube is a video-sharing platform that has become a popular destination for creators and advertisers. As an advertising-based platform, YouTube provides businesses with various advertising options to reach their target audience.
If you're a content creator on YouTube, there are several ways to monetize your videos and earn money from your channel:
7. Instagram
Instagram offers advertising-based video monetization for businesses and creators. Advertisements can appear in several formats, including in-feed video ads, Instagram Story ads, IGTV ads, and Reels ads. The platform allows advertisers to target their ads based on demographics, interests, behavior, and location. Instagram also provides businesses with analytics and metrics to measure the performance of their ad campaigns. In addition, creators can earn money through branded content, where they partner with brands to promote their products or services to their followers.
Instagram's advertising-based video monetization platform offers businesses and creators a powerful way to reach a broad audience and monetize their content
8. Facebook
Facebook offers an Advertisement-based video monetization platform for businesses and creators. Advertisements can appear in several formats, including in-stream video ads, Stories ads, and carousel ads. Facebook allows advertisers to target their ads based on demographics, interests, behavior, and location. The platform also provides businesses with analytics and metrics to measure the performance of their ad campaigns. Additionally, creators can earn money through branded content, where they partner with brands to promote their products or services to their followers.
Facebook's advertising-based video monetization platform offers businesses and creators a powerful way to reach a broad audience and monetize their content. Pros and Cons of Advertisement-based Video Monetization Platforms
PROS:
CONS:
Enhance revenue with Advertising!
Video Ads contribute to more than 60% of the marketing budget spent on the internet. Increase your revenue with advertisements being strategically plugged into VOD and Live streams on your Video membership platform. With Cadjin, you can create an alternate monetization model to subscription-based video membership platforms on your website, mobile, and TV apps.
Transactional-based Video Monetization Platforms (Transactional Video-On-Demand or TVOD)
Transactional-based video monetization platforms allow viewers to purchase or rent individual videos or collections of videos for a one-time fee. These platforms can include online marketplaces such as Amazon Prime Video, iTunes, and Google Play, as well as niche platforms catering to specific content types.
Creators can upload their videos to these platforms and set their own prices for viewers to purchase or rent. Viewers can then access the videos on-demand and watch them at their convenience. These platforms may offer a range of video types, such as movies, TV shows, educational content, or instructional videos.
Transactional-based platforms allow creators to earn a percentage of the revenue from their videos without relying on ads or subscriptions. Viewers also benefit from the ability to purchase or rent specific videos rather than paying for a subscription to access a broader range of content. However, these platforms may not provide the same audience reach as subscription-based or advertisement-based platforms. The revenue earned can be limited depending on the pricing model and video demand.
Let us have a look at the most popular platforms where you can monetize video content in a transactional method:
9. Amazon Prime Vide
Amazon Prime Vide is a Transactional-based video monetization platform that allows viewers to purchase or rent individual movies or TV shows for a one-time fee. The platform is part of the Amazon Prime membership, providing viewers access to a wide range of content, including original series, movies, and TV shows.
Creators can upload their videos to the platform, where they can set their own prices for viewers to purchase or rent. Amazon Prime Video offers a range of video types, including movies, TV shows, and original content. The platform also allows creators to monetize their content through subscription-based channels, where viewers can access exclusive content for a monthly fee
10. iTunes
iTunes is a transactional-based video monetization platform that allows viewers to purchase or rent individual movies or TV shows for a one-time fee. The platform is part of the Apple ecosystem, providing users access to a wide range of content, including music, movies, TV shows, and podcasts.
Creators can upload their videos to the platform, where they can set their own prices for viewers to purchase or rent. iTunes offers a range of video types, including movies, TV shows, and original content. The platform also provides various tools and resources to help them optimize their content and reach their target audience
11. Google Play Movies & TV
Google Play Movies & TV is a transactional-based video monetization platform that allows viewers to purchase or rent individual movies or TV shows for a one-time fee. The platform is part of the Google Play ecosystem, which provides users access to a wide range of content, including music, movies, TV shows, and books.
Creators can upload their videos to the platform, where they can set their own prices for viewers to purchase or rent. Google Play Movies & TV offers a range of video types, including movies, TV shows, and original content. The platform also provides various tools and resources to help them optimize their content and reach their target audience.
While the above TVOD platforms offer a large and loyal customer base, high-degree control over content and pricing, and retain a large percentage of revenue generated from sales via their respective ecosystems, creators may face competition from colossal content available on the platform. Moreover, they may need to invest in marketing and promotion to stand out.
Sponsored Content, Crowdfunding, and Self-Hosted Video Monetization Platforms
Sponsored Content, Crowdfunding, and Self-Hosted video monetization platforms are alternative ways to monetize video content outside traditional advertising-based models. Let us learn about them in less than 60 seconds:
Sponsored Content, Crowdfunding, and Self-Hosted video monetization Now that you have learned about various video monetization platforms let us explore the necessary factors to remember while choosing the best platform to monetize your video content. We will also discuss how to choose a platform and the best practices to make online video monetization highly profitable.
Factors to consider when choosing a Video Monetization Platform
Following are several factors to consider when choosing a video monetization platform:
Best practices to Monetize Videos Online
Here are some best practices that can help make online video monetization profitable:
By following these best practices, you can create a profitable online video monetization strategy that engages your audience and generates revenue from multiple sources.
Future of Video Monetization Platforms
The future of video monetization platforms is expected to be shaped by the growth of online video consumption and the increasing demand for innovative ways to monetize video content. According to Deloitte several critical content monetization trends are most likely universally valid, contextual factors of the future media industry. Although they will have a decisive influence on how media monetization looks in 2030, they are less relevant as distinguishing features of the four scenarios.
In addition to advertising, platforms may offer various monetization options like subscriptions, pay-per-view, sponsorships, and merchandise sales. This will help creators to diversify their revenue streams and monetize their content better. Platforms may also integrate with other digital channels like social media and e-commerce, providing creators new ways to reach audiences and monetize their content.
Technology advancements such as artificial intelligence and virtual and augmented reality may also create new opportunities for video monetization platforms. These technologies may change the way video content is consumed and monetized in the future. The platforms that can adapt and innovate to meet these changes will likely be the most successful in the years to come.
In conclusion, video monetization platforms are expected to evolve with the changing times, and the platforms that offer new and innovative ways to monetize video content will likely emerge as winners.
Final Thoughts
In conclusion, video monetization platforms offer creators and publishers a range of options for monetizing their video content. Through traditional advertising-based models, sponsored content, crowdfunding, or self-hosted platforms, creators can choose the option that best aligns with their goals, audience, and content.
As the video industry continues to evolve, the future of video monetization platforms looks bright. With the increasing popularity of video content and the growing demand for personalized, high-quality video experiences, video monetization platforms will continue to innovate and evolve to meet the needs of creators, advertisers, and viewers alike.
In the coming years, we expect to see more advanced targeting and personalization capabilities, greater integration with social media platforms, and new revenue-sharing models offering more excellent value to creators and advertisers. As video monetization platforms continue to grow and evolve, they will play an increasingly important role in the video industry, helping creators monetize their content and build sustainable businesses. Our research suggests that video ads contribute to more than 60% of the marketing budget spent on the internet. This is an opportunity for creators and aspirants to leverage their content and increase their revenue with advertisements by strategically plugging into VOD and Live Streams on Cadjin's video membership platform!
Bonus FAQs to boost your Video Monetization journey!
1. How can I monetize video content?
Several ways to monetize video content include advertising-based models, crowdfunding, self-hosted video monetization, brand partnerships, merchandising, licensing to third-party platforms or networks, etc.
Ultimately, the best way to monetize video content depends on your goals, audience, and content. You can find the best practice by exploring different monetization strategies and experimenting with different approaches.
2. Where can I monetize my videos?
You can monetize your videos via Cadjin. With us, you can avail the following benefits.
3. What are the best content monetization platforms?
Here are the best 7 content monetization platforms in 2024:
1. uScreen
2. Kultura
3. Cadjin
4. Vimeo
5. YouTube
6. Patreon
7. Facebook