How much should I charge as an editor to a channel with 1.5+ Million subs?

[Renaaskopa]

Hello,
My first youtube client was someone that ended up becoming a youtube with 1+ million subs, so I was very lucky.
Unfortunately, after 2 years I don't work for him anymore because they were scaling down on expenses.
This Youtube channel however had many contacts and referred me to other YouTubers.

Now I have 2 youtube channels with 1+ million subs asking me for my rates.

One channel, the one with least amount of views and subs, focuses more on motion design animations.
The bigger channel is simpler editing and uses already existing footage.

Both are long-form.

Any ideas of how much should I charge per hour/day?

 

[thetechload]

It is great to have two channels trying to get through to you! Here are some guidelines for setting your rates:

Considerations for Pricing
Experience: Since you can prove that you are a producer and not a consumer you can afford to charge a high amount of fee. Think about previous experience and what impacts you’ll make.

Complexity of Work:

Motion Design Animations: This more often than not, takes more skill and time thus could cost more for this channel.
Simpler Editing: However, this must be faster as you are working with existing footage and hence, you could cost this a little below the motion design rate.
Market Rates: Find out what other editors with the same amount of experience are paid. Rates can vary widely, but generally:

Hourly Rate: $50 to $150 per hour depending on the chores difficulty level and your level of specialization.
Daily Rate: Basic costs range from $400 to $1,200 per day and usually include a 288 work hour 8-hour work day ) .
Suggested Rates
For the Motion Design Channel: It is advisable to charge between $100 to $150 per hour because the skills utilized are considered specialized.
For the Simpler Editing Channel: It may range from $50- $100 an hour.
Flat Rates.

You may also choose to provide rates per video worked out by the hour with likely average hours. This can be glamour especially for clients that value fixed costs and therefore know how much they will spend throughout the project.

In the end, it is important to be willing to bargain and be flexible depending on the extent of operations and the client’s financier’s available capital. Good luck!