I found a great plug-in for embedding video into Wordpress. Although there are many plugins available for this, Video Embedder has a few advantages:

• Support for many different video sources — YouTube, Godtube, Google Video, Viddler, Blip.tv, and many more
• Centrally control the size of all embedded video windows
• Embed Windows Media and Apple Quicktime videos
• Use the ID of the video instead of insert code

I have been testing out this plug-in and really like it. I will start using it in new posts later this week.

Note: If you are just getting started with Wordpress for your business, I recommend reading the following book: Blog Schmog: The Truth About What Blogs Can (and Can’t) Do for Your Business