How Do We Use of Text Transcripts From Videos For Traffic And Link Building Purposes?

In episode 310 of our weekly Hump Day Hangouts (https://www.youtube.com/watch?v=LxgP5dKetiA), one viewer asked how to use text transcripts from videos for traffic and link building purposes.

The exact question was:

Hey guys given the rise of video integration in serps and Google taking snippets of sentences I am focusing more on youtube and looking to get a syndication ring and look into backlinking for videos. Is there anything we can do with text transcripts from our videos for traffic and linkbuilding purposes?

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