Editing your video

After you have taken all the video footage you need you will notice it doesn't exactly look professional. But dont worry, we have the answer!
To make a video look more professional you will want to use some movie editing software. Their are a lot of programs to help you edit your videos, it all depends on your brand of computer and your budget. But for our purposes we will focus on good free software.

The best free editing software for windows is movie maker, also the stock option for windows. Its simple to understand and user friendly. Anyone could edit videos with movie maker and they would look more than decent. 

If you are fortunate enough to have an apple MacBook than you can use iMovie. I have had more experience with iMovie than movie maker. I believe iMovie is supreme to movie maker but you have to buy a mac to use it which can be costly. 

-Tyler Schultz 

Resolution/Quality

When watching videos have you ever noticed how some videos are blurry and some are so crystal clear? That is a factor called "resolution". Resolution is the quality in which the video appears.
240p is a poor resolution it's rarely used anymore.
480p is a lot better
1080p is considered High Quality
Every so often you'll see resolution presented like "1920X1080" this represents that the resolution is being counted as Length/Width.

Equipment?

What type of equipment is necessary for professional looking videos?

Camera:
Inexpensive: A phone camera.
Average: Sony Cyber-shot DSC-HX400V - $400-$500
Expensive: Sony Alpha ILCE-7 - $1,698-$1,746

Camera Stands:

Sunpak - PlatinumPlus 5858D 58" Tripod

Any form of camera stands will generally work, however you may want a taller stand to be able to give your camera the flexibility to move in most any direction.

Expert video editing software

Pro tools is a high class movie editing software that some big 'youtubers' use. This software is also used by big movie companies. Thu software is very complex and because I haven't used it before I'm going to let you read up on the wiki rather than having you bumble through my poor description of it.

http://en.m.wikipedia.org/wiki/Pro_Tools