Video Editing Cost: Freelancers vs Video Editing Agency in 2024

Video editing is in high demand. Video is a commodity, and every brand needs to scale video content. And, they need to do it really quick because time is ticking. If you’re slow, competitors will produce something you already dreamt of. And, they might steal customers you so desperately wanted to convert.

Snap.

Why not hire a video editor to outsource your video delivery? To help you figure out how to go about it, here’s a precise comparison between hiring a freelance video editor or outsourcing video creation to a full-service video editing company.

Read the blog below and find out which option may best serve your unique needs.

Pros and Cons of Hiring a Freelance Video Editor

Pros

• Freelance video editors are convenient to find
• They usually cost you much less than an agency
• Freelance video editors charge per hour of work

Cons

• You’ve no control over freelancers; They can ghost you too
• Occupied with multiple projects already, freelancers find it hard to dedicate themselves completely to one project at a time
• Meeting deadlines could be hard when you’re too reliant on freelancers

Pros and Cons of Hiring a Video Editing Agency

Pros

• Video editing agency offers you multiple video editing resources; There’s a dedicated resource for every aspect of the job
• They provide you video marketing consultancy, and pair editing with marketing services, offering exciting, and competitive packages
• Expect high-level of quality, more close collaboration with the team
• Delivering revisions is often part of the package

Cons

• Video editing agencies can be costly for low budget customers
• You need to be clear of what you require as your input is of great importance because you’ll be working with project managers
• You often don’t get to connect with video editors, and oversee their work

What are some factors that affect video editing cost?

Video editing cost is affected by several factors. Here are some for your review:

Type of Video

The type of video you want to produce is one of the most important cost factors. Videos that tend to be simple, with minimal effects will probably cost less than those that require exquisite level of detailing. Video projects that require more complex level of animation or motion graphics work will add more to the cost. Color grading, video enhancements, and VFX all add up to the cost.

Editing quality and expertise

When it comes to cost, we can’t deny the importance of expertise and quality. The more experienced your team is, the higher they’ll charge you. Rates for per hour of video editing are usually higher for pro-level video editors, and companies that have a stellar portfolio in the industry.?

Equipment, Location, and Contract

Keep a higher budget if you’re planning to work short-term. Teams offer more competitive rates when you sign them for a long-term gig. Besides, the cost can also vary depending upon the proximity of video editing service. Last but not least, editing cost slightly goes up when you require more equipment or a high-end PC to meet the special needs of your project.

Quality of Final Output

If your source video is of poor quality, editors will need to put in long hours of dedicated work to enhance the quality of the final output. Hence expect the price to go up for poor source footage videos.

Size or Length of the Video

Video resolution is one factor, whereas the length of the video will increase the price. Most editing teams tend to charge on per minute or five-minute of footage for edit. So, if you’ve a long video to outsource for editing, make sure to match the budget.

Wrap Up

Let’s wrap this one up. We gave you a comprehensive comparison on video editing cost of freelancers and agencies. Plus, we also expanded the discussion on key factors that determine the video editing cost for any project. If you liked this piece, make sure to leave a thumbs up. It will motivate us to create similar pieces with more passion.

Hope you got a nugget or two from this one!