There are 2 types of file conversion speed available in Freemake Video Converter: one-pass or two-pass encoding. Please see screenshot.
Learn more about differences between one-pass and two-pass encodings here:
http://forum.videohelp.com/threads/338031-Difference-Between-1-pass-2-pass-encoding
http://www.afterdawn.com/glossary/term.cfm/multipass
If you want to convert files faster, please select the One-pass encoding option on the Output parameters window in Freemake Video Converter. Please see screenshot for details.
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