Finally , I found a solution for making money from my videosharing website. After so much searching I got Longtailvideo adsolution for my website. I am now getting around 2.5$(avg.) per day from my video website- AirVids.net(here you can view the instream ads sample) Videosharing websites are making around 5 times as much money from any custom made site.So it would be worth making a free video website from any free video sharing script like php-motion,clip-bucket. And after making your free videosharing website you can signup here- LongtailVideo adsolution. The longtail will show instream ads in your videos from where you would get the revenue.The most wonderful thing about longtail is that in your videos you can show your own ads(like adsense,adbrite) as well as longtail ads for earning from there only. Thats all and believe me you will get enough revenue even for low traffic websites.. Reply,If you find this info. useful. Thanks.
Have a look at this sample video- www.airvids.net/view/190/chopper-flies-without-moving-rotor-bladesantigravity/ When you play this video,you will see an instream ad also called midroll ads below the video.If anyone clicks on that ad(high probability..) you will be paid by longtailvideo ad solution(even a penny!) at the end of month. Thats it! Also it offers other ad types like-PreRoll,Postroll and midroll ads. You can also show your adsense,adbrite... ads and take the full revenue generated from it.