Trying to answer that question — along with ways to make money from advertising on YouTube — was Greg Jarboe, president of SEO-PR, a search engine optimization and online public relations consulting firm, at the recent Online Marketing Summit in San Diego. Here's some of what Jarboe had to say:
Prices to advertise on YouTube are dirt cheap, said Jarboe, adding that it's one of the last bargains out there. Take advantage of the opportunity. Dynomighty Design, a wholesale seller of magnetic jewelry and other creative products, has grown its small business almost entirely via YouTube. All the company did was post a minute-long video demonstrating a magnetic bracelet's features. That first video received 2.7 million views, and within three months generated $130,000 in sales. Dynomighty Design now attributes 50 percent of its website traffic to YouTube.