What you need to do is to have JWPlayer to be used as your official video player for your site and register your websites to their program then you’re on the first step on earning from your video. Once you register a site, you can create a channel for the site and start running ads from pre-roll, mid roll to post roll advertisement.
I actually created a WordPress plug-in for my blog so that I could easily implement it using simple tags (such as [mytube video width height] or [jplay your-own-video-file.flv width height]) but right now I can’t share it yet ‘coz I am still furnishing it so that it can be easily customized/configured. Be back here later for the plug-in.
The following shows a sample of a Youtube video running my own ads on pre-roll only:
Note: JWPlayer can’t play Youtube videos with Youtube ads running or with custom caption.
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