Alright. So we're making this video on the topic of, "How much do video editors
make?" I know a lot about that. I have a whole team of video editors. But the
answer is probably not what you expect and it's probably not what you want to
hear. So... But stay tuned. It's important.
Okay. So, the reason that I introduced it that way... Think you're proposing that
it's not what you're going to want to hear is because I'm guessing that you're
thinking about doing a career in video editing. Or maybe you enjoy video editing
and you're wanting to get hired for it. Okay? So, you can make actually some
really good money, video editing. But there is some maybe bad news to
you being a video editor and making a fortune. Okay? -Okay, well what is it? -When I have
offered my services for video editing, I'd do a lot of video editing for myself.
But when I say, "Hey, I have a video editing service." I started charging. My
starting rate was $50 an hour. If you start $50 an hour, you can make a pretty
good living. 160 hours a week. -Maybe if you're a single guy. -Do you
remember when I had my laptop up the cat coders and I said, "He remember that
number"? What was that number? -8,000. -You can make $8,000 a month if you charge
$50 an hour and you work 160 hours a month. -That's pretty good for...
Yeah. -So, that's... That's almost a 6-figure income. Alright. So... -If you're
working every day. Day in, day out. But I mean if it's just you doing that in your
own... As your own business, most people don't work 40 hour work weeks. -If you're
if you're talented, you could... You could... You could charge $50 an hour or more.
Okay? So... Yeah, you can make a decent living at it but I haven't gotten to the
bad news yet, okay? I'm not getting to the bad news yet but some other challenges
are. It is really hard to keep a full schedule. I wrote down some challenges
that I had is... -Which is why by the way while you're looking. Why people would
probably charge more than $50 an hour. Because they simply don't have as much
work to sustain an eight-hour day, five days a week. -So, I've worded that as jobs
were sporadic. I wrote down that, that it was very tough to please clients. Because
each client has a different expectation. They have a different filming style. And
they're picky. And so, it required different editing skills on each video.
-Well and you're not talking about editing feature like films here where
you're spending six months in post-production. You're talking about
somebody saying, "We've got, you know, 5 minutes worth of film video. We need to
make a 30 to 60 second commercial." -Yeah, whether it's a YouTube episode or
Vlog or commercial like you're talking about.
That's the... -That's regular people stuff, yeah. -Alright. So, here's the big,
big problem. So, I've got 7 over my 10 team members. They're in the Philippines,
okay? 7 over my full-time or seven employees, full-time work, I pay on
average of about $500 per month. And that's each. 500.
Each of them make $500 a month per month. So we're not... So... We said you could
potentially charge 50 an hour and make eight thousand a month. But I would never
hire you. Why would I hire you for $8,000 a month when I can find
somebody who has the same skills as you for 500 bucks a month? -This
officially is the bad news. -That's the bad news.
-In case you weren't paying attention. -Okay, but before you hang up on this
video... Do you hang up a videos? -Sure you can. -Before you hang up on
me, I have some very good news that's better than the bad news I just gave you.
-Okay, good. -It's better. -It supersedes it. Okay. Should I get to the good news yet?
-The good news is that the army will pay for your college education and it's not
too late. -Okay, I'm just going to get to the good news. I don't know I don't remember
what I have in my notes. Because I just didn't want to take the time to read
them. -Right. -The good news is... How I've applied it. So, I no longer offer video
editing as a service. What I now offer is video production. I do filming. My team in
the Philippines does the editing and whatnot. Let me rephrase the good news.
The good news is you can build a company and you can hire people in the
Philippines for $500 a month to do editing. You don't have to...
You don't have to be paid $50 an hour to make huge amounts of profit. If you were
the one spending your time doing the editing, yeah, you've got a charge a good
amount of money. You'd have to charge more than that to be able to make a good
living. But you can make a great living by you building a team and hiring people
in the Philippines. Like I do. And I can send that great news. Like... Yeah, maybe it
would be awesome if I could charge $100 per hour, $200 per hour for video editing.
But ultimately, that's not going to help me accomplish what I've been able to
accomplish here where I've got a whole team and I just reached up to a
person that's morning. Wanting to hire one more video editor
because we're growing. That's a huge opportunity. You might not see it that
way. But the way the reason that I worded is it's a bigger advantage than the
disadvantage. Is because it really is... You can make 7 and 8 figures in your
business. If you really create a business around it. -And there may be... There may be
a few of you out there who are saying, "I don't care about all that. I just want to
be a video editor myself." So, you go back to the $50 an hour model. You go back to
the sporadic work. And if it makes you happy, it makes you happy. But you could
also have the best of both worlds. You could still be a video editor, who
charges $50 an hour and still have a team of editors who charge you 400 a
month. So that you could take on more projects and have your own hands on
several of them yourself while you're still overseeing the work that the other
people are doing. I mean, in other words, you're right. The business opportunities
become bigger and bigger and you find yourself getting more work. It's like the
more work you have, the more work you get. Is generally how things work. -Oh, yeah.
-This weird universe. Because people hear about you, they see what you've done, work
generates work. And we have other people that are doing some of that work for you
is the same... It's the same formula. So the question that you asked or we're hoping
to get answered by watching this video is how much do video editors make. Like
let's... Let's change... Like what, what's the potential? Can the potential for you is
is maybe you could get a six-figure income as a video editor but you have
you know, got all those downsides but you've also got people in the
Philippines as competitors. Because they'll charge... They're only charging
$500 a month. That's what they're asking for. And oftentimes... -And they do a
great job. -Yeah, they're really talented. And oftentimes, we were
looking at some resumes earlier today and a lady was asking for $388
a month. That's what she wanted for full time work. So
that's... That's your competition and they are very talented. So... Anyway, that's my
challenge for you. Consider entrepreneurship and if you do
seriously have a desire to find out how you can hire people in the Philippines,
we talked about this in another video and I demonstrated the tool that I use.
it's called virtualassistanttool.com. It shows
like that jobs.com. But it's for Filipinos that want to work for american
bosses. -And there's a lot of them. -Yeah. -We hear... The filters, there's a thousand or
more. -I mean, well... We filtered it for people that consider themselves experts
at YouTube, we filtered it for like people that have updated their profile
in the last month. We really narrowed it down and you still have... We still have a
whole bunch. So, virtualassistanttool.com. So hopefully, you found this
video helpful. I always share my opinion and my bias of
things. -You sure do. -But if you agree with it, if
you like it then subscribe. And if you don't, just leave a comment because it'll
still help me out but then you don't have to subscribe and never hear from me
again.