First, you need to select the video you wish to transcribe. Obviously if the YouTube video is a visual one then a transcription isn't really going to work, but if it is audio based then it will work very well for you.
Here's a video I was interested in transcribing as an example, a guy running a real estate training session.
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Hudson
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That’s really neat and you are right I did not know this. Can I just ask also please - the video you showed had subscripts or sub titles as we call them in the UK. Do you think this is necessary - I understand the world is moving to viewing without sound so this would seem a good enough reason. What is your take on this please and if positive do you recommend any company in particular to do this? Thanks.