To execute proper design of a mechanism, velocity analysis is of utmost importance. A designer’s real interest in development of mechanism is variation of outlet link velocity for a specified inlet velocity.
Check following article for detailed description of video lecture.
The interesting thing about velocity analysis is that, you can determine velocity of any link just by understanding 2 simple concepts.
 Concept of Rigid Body
A rigid body cannot elongate or contract in any direction. That means if you take 2 points in a rigid body, it can have 2 different velocities as shown.

Fig.1 2 points in a rigid body can have different velocities 
But since this is rigid body, velocity components parallel to the line connecting the points should be equal. If component velocity of point B is greater than A, then link will start elongating. If the case is opposite link will start contracting. Both these cases are impossible, since this is a rigid body. So velocity components of both points should be equal.

Fig.2 Velocity components of the points along the connecting line should be equal 
This means, if we subtract velocity of A from velocity of B, the relative velocity vector will have no component, parallel to the connecting line. It will get cancelled. So relative velocity vector will be perpendicular to the connecting line. This is shown in following figure.

Fig.3 In a rigid body relative velocity vector should be perpendicular to line connecting themr 
In short, concept 1 can be simplified as, relative velocity between any 2 points in a rigid body should be perpendicular to the line connecting them.
 No Penetration of Mating Surfaces
Second concept is applicable to mating surfaces. Mating pair of surface will never penetrate. Red point in folloiwng figure shows the common mating point or mating line for both the links. Common normal of the mating surfaces is also shown. The same point can have different velocities on different links.

Fig.4 Mating point is having different velocities on different links 
No penetration means velocity component of both the link velocities along common normal should be equal. If velocity component of 2 is less than velocity component of 1, then surfaces will penetrate. If opposite is the case, surfaces will detach. Both these cases are not possible for mating surfaces. So velocity components along common normal should be equal.

Fig.5 Relative velocity vector of mating point should be perpendicular to common normal 
Since velocity components are equal, if we take a vector difference of V 1 and V 2, it should have no component along the common normal. So the relative velocity should be perpendicular to common normal.
Now we will apply these 2 concepts on different mechanisms, to do velocity analysis of them.
4 Bar Linkage Example
Let's consider 4 bar linkage shown below. We know input angular velocity and we want to find out outlet velocity.

Fig.6 Example of 4 bar linkage 
Here approach is simple. We will say that bar at middle cannot expand or contract. Since we know angular velocity of first link, we can easily find out magnitude and direction of velocity of point 1.But for point 2 we know only direction of velocity. Here first concept we learned comes for help. Since this bar cannot elongate or contract, relative velocity between these points should be perpendicular to this link.

Fig.7 Procedure of 4 bar linkage 
Which will lead to, magnitude of velocity at point 2. From here angular velocity of link can easily be deduced.
CamCam Example
Now consider this mechanism. We know angular velocity of first cam, we want to find out angular velocity of the second cam.

Fig.8 Example of cam cam mechanism 
Common normal at the time of mating is marked in figure. Consider the mating point, which lies on both the cams. We know velocity direction and magnitude of this point on first cam. But for second cam we know only direction. The direction is marked in figure.

Fig.1 Mains parts of single phase induction motor : Rotor and Stator 
Here 2nd concept we learned comes to help. Since the links cannot penetrate, relative velocity should be perpendicular to common normal. So we can find out magnitude of V
_{2}, which will lead to link angular velocity.

Fig.1 Mains parts of single phase induction motor : Rotor and Stator 