For having your own videos website, you just need the basic understanding and knowledge of HTML, CSS, CMS and installation of scripts.
You need to first select a hosting server which can provide you the applicationfor conversion of videos. The videos which are uploaded by you or users can be in any supported format like *.mpg, *.mp4, *.mov, etc… These after upload are then converted by server to *.swf or *.flv a very much popular name known as flash format. After conversion, these videos will be availiable to display for users on the website.
The conversion softwares which are basically used are MEncoder or FFmpeg, LAME. These are the softwares which can convert the videos into different formats. Anyone of these are needed for hosting the videos website. So while choosing a hosting server for your videos website be sure they support with this software also.
You can also have an option of buying a dedicated server if you are planning for making a big website. Dedicated servers are little costly when compared to shared hosting servers. You can choose which ever you like.
Now when you finish with choosing a hosting server or with a dedicated server with MENCODER or FFmpeg installed, you need a CMS ( Content Management Sytem ), it is nothing but a software or can be said a script which handles the registration of users, categories, etc… like other videos website. So now coming to CMS, I have came across, PHPmotion, Vidiscript (Both are FREE!) You can download the script and get it installed on your server. you can install it yourself by the help file or else can hire any one from Freelancing website or can contact me 
After installation, you can edit it if you ahve basic knowledge of HTML, CSS, etc… or can hire someone.
Below are the basic requirements for PHPmotion script.
SERVERS – Linux/Unix Server
- PHP 4.3 and above (including support of CLI)
- MySQL database server
- LAME MP3 Encoder
- Libogg + Libvorbis
- Mencoder and also Mplayer
- FFMpeg-PHP
- GD Library 2 or higher
- CGI-BIN
- Be able to run background processes
PHP Settings
- open_basedir = (no value)
- upload_max_filesize = 100M
- post_max_size = 100M
- max_execution_time = 1500
- session.gc_maxlifetime = 14000
- safe_mode = off
- Thread saftery = disabled
- enable_dl = On
Enjoy making a YouTube clone and host your website! Approximate total cost you would be spending for making a branded website is INR 10,000 (USD 210).
March 14th, 2010 
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meme-ing on meme.yahoo.com, evaluating it! ;)
Its a good improvement over the other micro blogging website. When I joined meme recently and I loved the meme. Its easy to use, easy to post, easy to repost, easy to follow. You have four options for posting. Text message, Image, Video and Music. Text you can type using your every time friend Key Board, Image can uploaded from your computer or you can give a location of the image on the web, Videos presently are posted as YouTube or Vimeo URL, so if you want to post some own video, upload it to the third party Website first
and at last Music, you can just submit .mp3 URL and post it. What I liked here very much is reposting the tasty posts.
meme-ing may be the next big thing on the internet of micro blogging, as it has additional features.
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