It can not be answered by a simple "yes" or "no". But we can begin with an evident benefit of freelancing, which is the flexibility in the time and location of work. This job allows you to be mindful of your workload and regularly rest and recuperate, establishing a balance between success and life fulfillment. 

But freedom comes with a price. Providing a freelance video editing service means you are all you have. You will have to pay all operating expenditures, including insurance, which takes a toll on your productivity if you are susceptible to poor time management.

Besides, the freelance video editing field is a cutthroat business. Only the most skilled can survive, so you need to get better every day to join the fray. Another factor worth mentioning is that being a freelance video editor is less stable than getting a salaried job. To maintain your cash flow, you must actively contact potential clients and keep negotiating until you get the job.

It is why taking on any freelance video editing project requires serious thought. Being your own boss enables you to turn your passion into a thriving business. But it also means you have a lot to handle, and you might spend more hours a day sitting down than working nine-to-five.

The "best" video editing software is a subjective matter and ultimately depends on your personal preferences, needs, and experience with video editing. There are many video editing software options available in the market, each with its own features and capabilities.

Here are a few popular video editing software options to consider:

• Lightworks

It is a professional tool that has been around for quite some time, especially in the film industry and video editing services. Lightworks is a non-linear editing program, meaning there will be multiple tracks on the timeline for more advanced editing. 

In addition, the application has a host of impressive features, such as colors, fades, transitions, etc. So it is not the most beginner-friendly. Another problem is its free version only supports 720p resolution.

• VSDC Free Video Editor

Another non-linear interface similar to Lightworks but much simpler to understand and use. Its features include sound effects, video effects, color correction, blur reduction, and transitions. Plus, the output of the free version supports 1080p 30FPS. With only 37MB, VSDC is a lightweight video software compatible with multiple desktop models.

• Adobe Premiere Elements

It is a simplified version of Adobe Premiere Pro designed for freelance video editing novices. The most recently updated version offers plenty of help - you can speed up or slow down motions and add special effects for the most masterful and artistic result.

• Filmora

Filmora is also an excellent choice for those new to video editing, thanks to its user-friendly interface. The tool boasts built-in filters, diverse sound libraries, motion tracking, and color matching that cover different aspects of user experience. It is best for anyone just starting with a video editing service.

Businesses usually run into a situation when they interview freelancers who claim to be "editors," only to discover the hard way they are not. Video editing services will make your life easier by providing you with a video that is better, faster, and cheaper than doing it yourself.

Video editors are responsible for post-production changes to the video, including everything from organizing, assembling, sequencing, cutting, trimming footage to adding special effects to the video. Video editing services assist you in increasing your website traffic and lead generation with various types of videos, such as motion graphics, teasers, typography, or character-animated videos.

Aside from selecting the best footage and setting the right tone for the video, freelance video editing also includes the creation of a cohesive narrative.

To do video editing on YouTube, you can use the built-in video editor available on the YouTube website. Here are 5 steps to edit videos on Youtube

• Step 1: Upload your video

First, you must log in to your Youtube account to access the YouTube Video Editor tool. Next, choose and upload a video to YouTube. Allow some time for it to be uploaded.

• Step 2: Test the video

After uploading the video, return to the Video Editor tab, press F5, and you will see the newly added video. At this point, click on the small image to test its quality.

• Step 3: Select the thumbnail

Drag and drop the thumbnail in the edit section at the bottom of the page. If you want to rearrange the order of the videos, click while holding it, and move the mouse to the desired position.

• Step 4: Start editing

You will see a picture of scissors. To cut a video, click on the limit bar on the left or right side, hold down the mouse, drag the bar to the desired position on the timeline, and press Cut.

There will be a preview for you to check during the process. Remember to save your work whenever you are satisfied.

• Step 5: Complete and Publish

Finally, click Publish to begin uploading. Following that, you will see a table where you can change the video title if you want. To finish, again, click Save and enjoy the video.

At a firm, the cost for most editors will include the hourly wage plus an overhead cost covering the office space, utilities, taxes, equipment depreciation, etc. A video editing service will charge between $75 and $150 per hour, depending on where they operate.

In the freelance landscape, a video editor can charge you between $15 and $50 per hour. They will charge you more if you ask for motion design or visual effects. The cost of freelance video editing also depends on the skill level of the editor and the client’s geographic location.

Before giving yourself a head start on the video editing service, define your purpose. If you take video editing as a hobby, registering for a free course is the best option. Or you can download an editing application, then learn from Youtube tutorials. And that is it. Want to edit on your computer? Free software or the Windows built-in Video Editor app is there for your rescue.

However, to build a career out of your visual skills, for example, starting a video editing service, it is better to invest time, effort, and money in earning a bachelor's degree, perhaps by attending film school. The most expensive aspect of learning is the time and effort required to achieve mastery. Put another way, becoming a freelance video editing service provider is about hard work, dedication, and creativity.