Social Media by Entertainment Scripts is a great tool for creating a niche video sharing/social media site. Part YouTube, part MySpace, this platform is robust and the tech support top notch.

In the video below I give you a short tour of the interface as well as the admin side of things.

One question I know will be asked - "How do you monetize it?" If you have something that people like and use and give you their email address in exchange for using it, you have a very targeted market that you can advertise to and/or up sell to.

In the video I show one example of a very niche focused site that is successfully using the same software. There are quite a few actually who are making a go of it.

I hope you enjoy the walk through.