Do you want to hear something interesting today?
Forecasts show that by 2020, over 80% of web traffic will be purely video-based.
There is a growing demand for video content.
Video editors and film creators’ jobs are attracting much attention like never before.
So, if video editing is your passion or considering switching careers, I’d be happy to confirm that it pays to edit videos.
FYI, your peers are making full-time income working in the video industry.
And you could too, but maybe, only as a video editor.
How much do video editors actually make?
Is it worth spending your time learning video editing?
To help you answer this question, I will pull up earning statistics by the US Bureau of Labor Statistics.
According to their latest data, video, and film editors earn $86,830 annually on average.
As a beginner video editor, your starting income should be around $31,940. On the other hand, experienced editors make at least $170,040.
When you do the math, you’d be earning around $41.75 per hour. And depending on your skill level, amateur or professional, the hourly rate should be within the $15.36 and $81.75 range.
Why are these numbers important?
Continue reading to find out how to apply these numbers to your advantage and make more money doing less work.
Also worth mentioning:
As a video editor, the skill level is not the only determinant of how much you pocket. There is also the aspect of the location.
Let me explain.
There are some places where your skills are much in demand, and thus more money to be made.
In the US, the states of California, New York, Georgia, Texas, and Florida are the best places to be a video editor. The demand is huge and money is flowing.
That said, you must be psyched up to get started as a video editor.
And to help you get started as a professional video editor, let’s briefly cover what you need to get started.
What you need to start making money editing videos
An obvious requirement is having the skills.
You can’t be here studying how to make money editing videos when you know nothing about it. You need to at least know the basics.
With the basics, you can start learning and if you are lucky, you can be earning in the process.
- Learn how to edit videos – There are a ton of tutorials online showing you exactly what to do. Learn how to cut, join, trim, etc.
- Have the necessary tools for editing videos – these include a powerful computer with hardware that can adequately handle the job. Get video editing software and learn how they work. There are a ton of free tools out there like VSDC Video editor. Free and powerful
- Video footage to work with – these can be taken from stock sites online as a starting point.
While these three aren’t the complete list of what you need, think of it as a starting point. You don’t need fancy machines or expensive tools to make money editing videos.
A quick hack to master video editing
Talk to your vlogger friends and ask them to allow you to handle their editing for free.
They are your friends, so there is a 90% chance they will say yes.
I am suggesting you do it for free because they probably don’t have an editing budget.
Besides, you help them with the hardest part of vlogging (editing) and gain experience in the process.
Let’s look at where you are so far:
- Video editing skills – check
- Editing tools – check
- Footage – check
Also Read: – HOW TO MAKE MONEY WRITING ARTICLES.
All of these should instill some confidence in you, and prepare you for the next step.
Best places to find video editing jobs
Don’t make a mistake of assuming that because of the growing demand of video editors, jobs will find you in your bedroom.
Well, it sort of does if you have built a brand and people already recognize your talent.
But until then, you can use the following platforms to make money as a video editor.
#1. Join Fiverr
I know what you are thinking, $5 isn’t worth it, but there is something you don’t know.
Fiverr isn’t only for five-dollar gigs. There are freelancers like marcodrp making up to $200 per edit.
So don’t brush it aside just because you want to make more money. It is a great platform to gain more experience and build a portfolio.
Despite what you might have heard about this platform, it is one of the best places to get your feet wet and get started as a video editor.
In fact, there are over 4K active video editing projects on Upwork. Go open an account start bidding.
Unlike the previous two sites, Behance is sort of a social media platform where editors post their projects, making it super easy to be discovered by clients.
When you open an account, you are allowed to upload 1 GB limit video file. Use this chance to showcase what you can do.
Additionally, you can use it as your portfolio.
Once you have gained enough confidence, Behance comes with a job board. Visit it regularly, you may land a project.
This may sound strange, but you can use LinkedIn to make money editing videos.
Here is how:
You see, LinkedIn is popular with companies like Apple, Amazon, Facebook, and Google. They leverage this platform to recruit, and that might be what you need to land your dream job.
Alternatively, there are thousands of job postings listed on LinkedIn every day. Set a filter to only show video editing jobs.
Other platforms to consider include:
- Stage 32
- Production HUB
- Peruse all of these sites and see what comes out of it.
Video editing is an evolving skill.
Today you know this and tomorrow it is obsolete.
To stay relevant, stay up to date with industry trends.