good advice bj, I would certainly do that if I wanted vids on my site.
watto: you will probably need to explain (educate) to your advertisers how they can get the videos on YouTube. Perhaps the easiest way is to refer them to YouTube with instuctions on "how to" while also trying not to lose any potential advertisers. Directing people away from your site when they fill in a form may potentially mean that they won't come back to complete it.
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