Though it seems "frugal", it's actually not a bad idea, because every where you put it and it gets viewed, adds to your total view count with YT. Take it even further and embed it as auto start, every one that hits the page increases your views

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My musician has over 65 million total video fan vies on our vids on YT.

We are in the transition on driving all of our YT traffic to our main website which we will host our own videos.

Is there a way any way to add it from youtube without reducing the quality?

Kill two birds with one stone - post on YouTube to get that following then embed on your website. This is the simplest and most effective in many instances.

The youtube embed idea is good, but you should look into hosting your videos with Vimeo. It's $60 a year to get HD-Video hosting, and the quality is excellent. Much better than YouTube. So, get your videos on YouTube because it's the most searched video site, but embed the videos from Vimeo.

nice information I like it thanks for your post

i used the same thing like I use Camtasia software , I then uploaded it to youtube and then I pasted the code from youtube into my website ...