Selected answers from the Dumb SEO Questions G+ community.
Brian Lichtig: What are the factors or steps in getting a video from You Tube ranked high in Google. Does the same principles apply to a websites SEO or are there special tricks to getting Video ranked fast?
promoz seo: Apart from normal Youtube SEO (like keyword analysis, video title & description optimization, relevant tags and quality back-links) we can use video transcription which Google may use as content and if the transcription (the video itself) part has the strategically positioned relevant keywords then definitely that is an added benefit for the video ranking. But as Google said recently that they won't count any hidden content on a webpage so I am not sure whether they will count on the transcription text or not. But definitely I have seen lots of good rankings on many videos with detailed transcriptions.
Gregory Kristan: adding CC to your videos will also help because it is useful to your audience.
YouTube also will look at factors like engagement on a video to see if it is relevant to the audience