directwheels - thanks for that feedback. I'd be curious whether a second-page video does get you much traffic.
I'd think that a general "how to" video would be more likely to generate overall interest and traffic than a localized promotional piece, but it's less specifically targeted to your site. Well written "how to" text articles of general interest can be a good way for local sites to establish trust and authority for their core key phrases, even if the articles aren't localized.
It's not clear, though, how well the same tactic might work in video. Given the current state of video optimizing, most traffic will go to the video hub sites and the ranking effects are likely to be more viral (as opposed to organic). That's why it's important to have sufficient url info on your video.
Here's a thread from 2008 that discusses video sitemaps (intended to help Google find videos embedded on your own site), with some side discussion and links to topics covering other aspects of video optimization. My guess is, that hosting a video on your own site is still a long shot type approach for getting into Universal results....
Google Video Sitemaps - Anyone have experience with these? http://www.webmasterworld.com/google/3590214.htm [webmasterworld.com]
Google's approach to Universal results in general has been to err towards too-frequent inclusion to see if the listings get response, and then to trim these down if there's insufficient searcher click-through.
Regarding video submission services, when I last checked I found that they submitted the same title, meta data, descriptions, etc to all video and social sites. This might be a disadvantage if Google is looking for uniqueness in video listings. Uniqueness is something Google does value, eg, in text-based directories. It's hard to say whether Google looks for the same kind of uniqueness in text associated with videos.
On your own site, btw, you should post a text transcript of any embedded video on an optimized page along with the video. For organic search, the text transcript would help differentiate your own embedded version from the video as it appears on video sites, and it would of course provide food for spiders.
Edited to fix formatting [edited by: Robert_Charlton at 11:14 pm (utc) on Jun 24, 2010]