A nice trick I have used to edit a music video efficiently is to place all the selected clips on the timeline, one above the other on stacked video tracks. They must all be in their correct positions relative to the song, i.e. they must all be synchronized – except, of course, for the cutaways, which can be placed wherever you like.
To cut from one shot to another, you simply use the razor tool and delete all clips above the one you want. In this way you cut the video without having to drag and drop clips, because that step was taken care of when you synchronized your selected clips with the song. In this way you are effectively switching view from one angle to another, a bit like real-time editing of TV shows. This technique is not applicable to movies, but works very nicely when editing music videos.”
The information above comes from the media edu site.
Below is a link to an article that gives useful information how to use the editing software and how to use the different features in our music video. http://www.premiumbeat.com/blog/markers-in-premiere-pro/