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Video Editing Cost – (Video Editor Hourly Rate vs Fixed)

video editing rates
Learn about video editing costs based on video style, complexity, and duration. Explore the factors that can affect your editing cost and get it done efficiently.

Video editing is surely one of the challenging tasks and requires certain skill sets to execute the process smoothly.

Some companies hire freelancers to get the editing done, and some prefer professional hands from video editing studios.

A video editor’s cost depends upon the nature of the project. If you are hiring a freelancer, video editors work on an hourly basis, but if you hire a video editing company, you get a fixed price (after evaluating the project requirement).

If you are thinking of editing a video project and are confused about how much it will cost you, then you have landed on the right article.

In this article, we will discuss how much it will cost you to get your video edited by an hourly and fixed fee editor and which option suits your business best.

You will also learn what factors can affect your video editing cost and how you can handle them efficiently.

Let’s Begin!

Video Editing and Its Cost

Once you are done with video production, the next step to completion is video editing, where the editor adds/deletes the clips, merge them, apply the special effects, and gives a final touch-up to your video.

Video editors mold your video according to your imagination and demand and give you the end result that you desire.

But picking a perfect video editor for your project is tricky and requires market research, data analysis, and budget evaluation.

Most of us prefer video editors that are available on online freelance service platforms because hiring a freelancer can cost you a lot less than hiring an editing company. Hiring a freelance can be beneficial and damaging at the same time.

· Pros of Hiring a Freelance Video Editor

  • Hiring a freelance editor can cost you less to edit a video.
  • You can instruct the editor to perform desired editing anytime and anywhere.

· Cons of Hiring a Freelance Video Editor

  • It’s hard to track the editor.
  • The editor can cost you way too much if you have no knowledge of video editing.
  • There can be a delay in project delivery.
  • The expected quality is hard to achieve.

Even if you prefer picking a professional video editing studio over a freelancer, it has its advantages and disadvantages.

· Pros of Hiring a Video Editing Company

  • You can stay connected with the company throughout the process.
  • The company takes feedback and opinion from its clients on the project.
  • The video editing cost will be fixed, but if you add or drop a requirement, it might vary.
  • The deadline will be met.
  • Video editing companies provide HD and professional-quality work done.

· Cons of Hiring Video Editing Company

  • If you employ a video editing company, it will cost you hundreds of dollars.
  • You are limited to giving your input unless the company asks you to provide it.
  • Your requirement will be channeled through a project manager, and there will be no direct communication between you and the editor.
  • The editing revision will be limited, and the cost will multiple with the number of revisions.

Factors that Vary the Video Editing Cost

In every video editing project, there are several factors that can affect the project cost. Here are some components that might vary the video editing cost for you.

  1. Video type: In video editing, the video type matters the most because every video type requires different amounts of time, and it also escalates the cost.
  2. Editing Experience: It is the most vital part of video editing. You surely don’t want to hand over your project to a newbie or beginner-level editor, and the professional-level editors can cost you a fortune.
  3. The Machine: The video editing machine, aka the computer, has an important role to play in video editing. If the editor’s machine is not up to the mark, it might delay the deadline and automatically raise the cost.
  4. Video Quality: Everyone desire a top-notch quality end result, but the exceptional will cost you exceptional.
  5. Video Size: The size and duration of the video matter a lot. It completely switches your account from a few dollar bills to a bundle of hundreds.
  6. Video Editing Software: Video editing tools are a video editing necessity. Picking software can change the cost for you.

Many people think of performing editing by themselves, and if you are one of them and interested in DIY video editing, here are the lists of video editing tools that you can choose for your project according to your need:

  1. Top video editing software.
  2. Best vertical video editing apps.
  3. Top video editing apps for Android and iOS devices.

P.S: A DIY project requires a studio to get the editing done; learn everything you desire to know about DIY home video recording and video editing setup.

Things that Determine the Final Video Editing Cost

Just like the factors that aid in video editing cost variation, there are several things that help in determining the final cost of video editing.

  • The duration of the provided video.
  • The duration of the finished edit.
  • The element of motion graphics.
  • The text overlay.
  • The color grading.
  • The requirement of image stabilization.
  • The size and complexity of the video.

The Hourly Video Editing Cost Vs. The Fixed Price

Most video editing companies offer you fixed prices for the projects and provide you with a weekly or monthly process plan.

With a fixed cost, you always know how much you have to pay at the end of the project, but with an hourly fee, you never get to know how much the project will cost you at completion.

As a professional, we suggest our readers not go with an hourly price plan because it will cost you way too much.

Doing video editing by yourself can be good, but hiring a professional with a fixed price plan can be an efficient business practice.

If you are looking for a video editing company with the best services and fixed-price plans, here is the list of top video editing companies that won’t let you down.

Hourly Fee Video Editors

Research has stated that the hourly charges of a video editor will be:

  • The Beginner: A newbie video editor’s cost will be between $25 to $45.
  • The Advance: The cost will be between $45 to $60.
  • The Expert: A professional expert video editor’s cost will vary between $60 to $100.

If you are a beginner-level video editor, check out our block about video editing basics; this article will help you to understand the basic criticality of video editing.

And if you are looking for productive shortcuts, then give our video editing tips guide a quick read to straighten and strengthen up your video editing approaches.

Style, Duration, & Cost

Cost, duration, and video style are the elements that are intertwined with each other. Time is the key; that is why most corporate videos are divided into three major durations: 30-seconds, 60-seconds, or 120-seconds.

Usually, a five-minute video edit (if you hire a professional video editor) requires approximately 5 hours to complete and costs you around $230 to $550, but if you hire a video editing company, your video editing project will cost you around $250-$260.

The video styles matter the most, and many video editing companies charge their client accordingly:

1. Animated Explainer Video

  • 30-seconds cost: $800-$1000 and takes 2 to 3 days
  • 60-seconds cost: $1200-$1500 and require almost 1 week.
  • 120-seconds cost: $2600-$3000 and need 1 week for completion.

2. 3D Animated Video

  • 30-seconds cost: $3500-$5000 and take a minimum of 2 to 3 weeks.
  • 60-seconds cost: $7000-$8000 and require almost 4 weeks (according to the complexity).
  • 120-seconds cost: $8000-$15000 and need 6 weeks for completion.

3. Typography Video

  • 30-seconds cost: $900-$1000 and take a minimum of 2 to 3 weeks.
  • 60-seconds cost: $1500-$1700 and require almost 4 weeks (according to the complexity).
  • 120-seconds cost: $2000-$3000 and need 4 weeks for completion.

4. Screencast Video

  • 30-seconds cost: $800-$1000 and take a minimum of 2 to 3 weeks.
  • 60-seconds cost: $1200-$1500 and require almost 4 weeks (according to the complexity).
  • 120-seconds cost: $2000-$2500 and need 4 weeks for completion.

The animated explainer video includes 2D animation, whiteboard animation, and motion graphics video projects. Almost every company offers 1-2 revisions, and if you go beyond the revision limit, you have to pay extra.

In an honest opinion, hiring a video editing agency can save you costs of video editing tools, templates, licenses, stock videos, and plug-ins. In short, employing a video editing company cuts you the third-party licensing and video editing assets cost.

P.S: Even if you have a video to produce, you can contact BuzzFlick for its video production and animation services.

Video Editing Cost According to the Video Type

After understanding the cost by duration and style, it’s time to learn the cost by video types. Video production companies create a variety of videos like family videos, promotional videos, corporate videos, awareness videos, and so on and so forth.

Most of them are likely to have the same cost and require almost the same duration for video editing, but sometimes it varies from company to company, requirement to requirement, and project to project.

1. Personal/Family Videos

These videos include birthdays, weddings, funerals, vacations, convocations, celebrations, and other occasional videos, and all of them are real-action and live-action videos.

Personal videos are probably the easiest and least expensive to edit. However, the cost will depend on the number of source footage the client has provided and the time that will require to complete the editing.

Personal videos require less SFX and get completed within 2 to 3 days with a cost between $50-$100 for a 30-seconds video. For 60-seconds, the cost lies between $100-$150, and 2 to 3 days are needed. $150-$200 will be charged for 120-seconds videos and take up to 5 to 7 days for the editing.

2. Promotional Videos

Promotional videos are the marketing videos that companies require to market their business, products, services, and brand.

Usually, manufacturing companies and eCommerce businesses prefer animated promotional videos. 30-seconds video will cost $800-$1000 and take 2 to 3 days minimum. The 60-seconds video will charge $1200-$1500 and require almost 1 week. In the end, a 120-seconds video will cost you between $2600 – $3000 and need 1 week for completion.

3. Awareness Videos

Humanity organizations, medical institutes, and welfare societies use awareness videos to educate and raise well-being awareness in society.

If you opt for animated awareness videos, the 30-seconds video will cost $900-$1100 and take 2 to 4 days minimum. The 60-seconds video will charge $1500-$1800 and require almost 1 week. In the end, a 120-seconds video will cost you between $2000-$2800 and need 1 week for completion.

The real-action awareness video gets completed within 2 to 3 days with a cost between $50-$70 for a 30-seconds video. For 60-seconds, the cost lies between $100-$130, and 2 to 4 days are needed. $150-$200 will be charged for 120-seconds videos and take up to 7 days for the editing.

4. Corporate Videos

Corporate videos mostly have training and onboarding videos. These videos can have both styles, real-action and animated, and cost may vary accordingly.

The corporate video of 30-seconds will cost $900-$1100 and take 2 to 4 days minimum, the 60-seconds will charge $1500-$1800 and require almost 1 week, and a 120-seconds video will cost you between $2000-$2800 and need 1 week for completion.

The real-action corporate video needs 2 to 3 days duration for video editing with a cost between $50-$70 for a 30-seconds video. In the 60-seconds real-action, the cost lies between $100-$130, and 2 to 4 days are needed. $150-$200 will be charged for 120-seconds videos, and it will take up to 7 days for the project completion.

The Editor’s Choice

If you are looking for the best video editing services, BuzzFlick is here to facilitate your needs. It is one of the best video animation studios in New York City and has worked with thousands of companies around the globe.

Sophiea Ank

Sophiea Ank is an animator, but her passion for reading and writing made her Content Head at BuzzFlick. She loves to educate people through her blogs about technologies, animation, videography, and games. In her free time, she watches "Brooklyn Nine-Nine" and reads to Paulo Coelho.

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