First things first: Probably some copyright concerns you need to look at. The second you start charging to download the MP4 for them, you will be much more lega

First things first: Probably some copyright concerns you need to look at. The second you start charging to download the MP4 for them, you will be much more legally liable. Now that that is out of the way, the only way to make something like this more legit looking and be able to monetize is to wrap it into a product. The domain name is actually a very big asset. An almost English-sounding 4 letter word is very rare. Hold that as long as you can! If you have to go without food for a month to renew it, do that! To wrap this into a product, you will want to add additional features. 1) Sign up for an account 2) Create a project 3) Import a video from youtube or your computer (also a checkbox saying they are allowed to) 4) Edit the video, drag other imported videos around, etc. 5) Download or Send to YouTube (with a watermark unless you are premium) The clicking and dragging can be pretty simplistic, just use the thumbnail and have a start and end time for clipping the video shorter. Its a lot of work, and it has been done before, but if you make it simple to use and cheap enough, you could probably make $15/mo or $150/year. Just be sure to find a good admin theme from wrapbootstrap.com or themeforest.net