Hey hey hey! Look what Viddler is up to! They just announced a new way to monetize your video. Yes, monetize. I said it — Even though I’m not a huge fan of that word.

One of the downsides to partnering with video sharing sites that automatically pair your video with whatever advertiser in their database. Some sites will at least be kind enough to let you choose a category of what’s being placed on your videos. That’s all well and good, especially if you’re making a few dollars $$ but the best thing about viddler’s new system is YOU choose what’s being advertised!

Their model is based off of items that you tag in your video. See the above video for a quick demo.

Remember, this is also completely optional. If you don’t wish to have ads or comments in the timeline, you can always turn it off.

Check out the viddler blog for more info.