Startup cost: $200 - $1.5k

Setup costs range from $200 to $1,500 depending on the quality and scale you aim for in the short-form video editing for creators side hustle. At the minimum end, one might start with basic video editing software subscriptions, which can cost around $20-$50 per month. To enhance your capabilities, investing in a mid-range video editing software package can be around $200-$500 as a one-time cost. Optional expenses could include stock video footage or music licenses, ranging from $15-$50 per asset. If you choose to create visual effects, you might consider investing in plugins which can be around $50-$200 each. High-end estimates include top-tier editing software, professional-grade plugins, and advanced training courses, amounting to $1,000-$1,500 upfront. Recurring costs could include software subscriptions and occasional asset purchases. It is advisable to budget for advertising expenses if you plan to promote your services. While some online sources suggest starting this side hustle can be low-cost, expenses can increase as you commit to improving your skills and delivering higher quality work. To take this seriously, a friend should budget between $500 to $1,000 initially to have a solid foundation for their short-form video editing business.