For this tutorial, I learned how to use the copy and paste effects between clips, just like if you might copy and paste a file in a folder or even text in a paragraph. By doing this, copy and paste will speed up productivity in editing or adding effects to video clips and more by applying visual effects to multiple clips without creating a preset. You can do so by selecting an effect heading in the effects control panel and choosing Edit> Copy. Then sequence one pr more clips in a sequence and choose Edit> Paste.
In the video below, there are 4 clips total and two that are duplicates, with one of each duplicate having a Lumetri color effect bringing into the clip more vibrant colors and a clearer clip. What I did was copy the same Lumetri effects and added them to the other clip. If you look at each duplicate, you can clearly see the difference in the color picture.