If you record video of a vacation or experience, it needs to be edited before it can be shared. Otherwise, your video will be boring and no one will want to watch it.
There are two ways to convert raw video into a shareable format: 1) edit it yourself, or 2) get someone to edit it for you. There are plenty of software tools to help you with the first option, including iMovie, GoPro Studio, Final Cut Pro, and Adobe Premier Pro. But many people find these programs difficult to use, or simply don’t have the time to edit video. As a result, DIY editing software is not a realistic option for a large portion of the population.
Which brings us to Option 2. Talented freelance editors exist all around the world, and if they were easily accessible, people would be willing to pay for their service. I’ve spent the past year building Activid in an effort to bring these two groups together. Activid gives customers access to high quality and affordable video editing, and gives freelancers access to more consistent and higher paid projects.
Now let’s think about a video editing marketplace in the context of GoPro. One of GoPro’s biggest brand marketing objectives is to getting more people to share their videos online. To encourage sharing, the company has invested heavily in GoPro Studio, it’s DIY editing software. But many GoPro users have neither the time nor the skills to do their own editing, which means a good chunk of GoPro video never sees the light of day.
This is why GoPro should create a branded online marketplace that connects GoPro users with talented freelance editors. I’ve always felt that GoPro should explore this, and have written about the idea before. Unlike Activid, GoPro already has a loyal following of users who would be thrilled to offload their video to a GoPro-certified editor.
Imagine the following scenario. You just took a bunch of GoPro video on your weekend ski trip. At the end of the trip, your video is automatically uploaded via Wifi to your GoPro cloud storage account. Using your phone, you create a new project called “My Awesome Ski Trip” on the GoPro Marketplace app. You select the weekend’s best videos, choose a 2-day turnaround, and hit “Complete”. An editor then downloads your footage, edits it, and sends you back a polished-looking video two days later. Pretty slick, right?
This could be a lucrative stream of revenue if GoPro decided to monetize it. The company could take a percentage of each edited video, or charge customers and editors a monthly subscription fee to join the platform. Or, they could choose not to charge anything and simply benefit from more people sharing GoPro video online. Either way, creating a video editing marketplace seems like a no-brainer for GoPro. I hope they start exploring this idea, if they haven’t done so already.
If you’re a GoPro fan, check out my HERO4 Black review.