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About the Video Clip
Timeline of Events
Setting up for Cash
Setting up account before income licencing revenue rolls in..
Create
your PayPal Account
Account
Eligibility: Must be 18 years or older and have a valid email
address. You may need to have a parent or guardian willing to use
their account on your behalf. See Legal Agreement (Our Relationship
> Eligibility: 3.7a vi.).
Link your PayPal Account to your
Bank
You may like to link a bank account to your
PayPal account just in case you need to withdraw some of your PayPal
money for real world transactions at a business that does not yet
accept PayPal transactions. Likewise you might need to "top
up" your PayPal account with cash to make online purchasing
easier (especially if you dont use a credit card).
Create a Youtube Account
There are age restrictions. You might need to set up an account
through a parent or guardian. Setup a Youtube Channel on your account
(You used to have to attain 25 subscribers before you could setup
a Youtube Channel. They may have relaxed that rule more recently).
Log in to your Youtube Account and upload your first video from
that device (eg. Laptop or smartphone). Dont forget to give the
video a meaningful Title and Description. Later you can edit the
file and add tags that describe what the video is about. Internet
trolls can be a problem and you might want to turn off your video
comments section. There are pros and cons which need to be considered.
Get Likes, Shares and Follows. Encourage your immediate contacts
to have a look at your first video and take on board any improvement
suggestions. If they like the video ask if they would mind sharing
it with their network.
Declaring Income
You may be asked to fill in an overseas income
tax declaration. I found it to be confronting and confusing so I
suggest you seek help from someone who understands the questions.
Some countries have tax agrements and examptions in place so it
is important that you fill in the correct form for compliance but
also to recieve the largest possible benefit from any excemptions
etc.
Tax
Crackdown / Foreign
Income / Foreign
Income Tax Offset.
After Initial Setup
Pro-active
Either be pro-active & join Video Licencing Sites early. Rather
than waiting for your video to get noticed and go viral it might
be easier and more beneficial to setup an account with a video licencing
company and move onto the next clip. Revenue might be lower because
you have sold out your bargaining power, however there are unforseen
benefits from partnering with a company that does this sort of thing
everyday.
OR
Hope for
the Best
Wait until your video goes viral - in my case it happened via comments
made on Reddit.com (out of my control), The video on Youtube started
hitting 25,000 views per day. On the 4th day I recieved about 6
enquires from Video Licencing companies contacting me and offering
me better deals and sweteners. Quickly Compare Offers, research
the companies and make a decision about allowing a Company to Manage
the rights to your clip. Next you must read, agree to and sign the
legal paperwork (14 page contract).
Either way
you should still fill in an overseas tax declaration and also ensure
that your Youtube Channel is set up correctly and Verified.
Beyond the First Clip
Dont be a 1 hit wonder, develop a theme such
as "How To" videos or "unboxing" videos and
try to be regular and consistent with your uploads (maybe weekly
if possible). Go beyond my level... Learn about Periscope,
Twitch, Go
Pro, Webcam, Dashcam & Dronecam Look into Live Streaming,
Lighting, Sound, Backgrounds Practice being relaxed in front of
(or behind) the video. Share your experiences and enjoy it while
it lasts. I will endeavour to chase
up some of the information I have mentioned above such as a copy
of the Licencing Agreement, The Overseas Tax Declaration etc.
Interesting Links
6
Figure Income: Slime Girl
Ungoverned:
Our local all-terrain skateboard inventor
Charlie
Bit My Finger Wiki
Russian
Dashcam of Chelyabinsk Meteor
Jared
Franks Story (Kicked in head taking Train selfie)
A
Beautiful Time Lapse of Daughter 0 - 18 years
Dashcam
Owners Australia (Est. 2013)
Viral
Video Success Stories 7 Tips (2009)
WhatsTrending.com
Backdrop
Source
Vimeo:
Help Center > Video Compression Guidelines
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