The following is a short (1:20) video I put together on how to record an interview properly. Unless you are at a Gators football game, in South Florida getting a sound-byte from an actual hurricane, or testing echoes in the Grand Canyon, these tips should provide you with close to studio-quality audio.
Additionally, you may find that recording good audio makes the transcribing process much, much easier. On that note, if your microphone has a setting for mono or omni-directional input, choose mono. That means your mic will pick up sound that is directly in front of it, hence why the mic should be pointed at the interviewee about six inches from his/her mouth or placed closely on the table in front. “Omni” means that the mic will pick up all of the environment sound around you and the interviewee.
If you have any questions, please ask away in the comments section below. They may be helpful for future readers too.