You can also follow the same monetization method after video editing app development like Magisto follows.

There are plenty of ways by which you can earn profit from an application.

But the two most popular ways to make money via an app are listed below.In-app AdvertisementAfter video editing app development, under this monetization method, you can charge companies or individuals to display advertisements within your application.

In-app advertisements allow people to target potential customers with high-end data tracking of user’s behavior.

Being one of the most popular forms of mobile marketing, this method of monetization can open several opportunities to create a win-win situation for you and the marketers.FreemiumMagisto, like several other video editing apps, follow this method of monetization for their earnings.

It is a very popular monetization method for applications that are providing services to people.

Magisto is a mobile video editing software that is used for performing tasks like automated video editing and storytelling which pays attention to enterprises as well as consumers/users.

It was not the first video editing software in this domain but surely with powerful AI-powered technology, Magisto did make a significant difference.Photo and video editing app like Magisto was first founded in the year 2009 as SightEra by Dr. Oren Boiman (CEO) and Dr Alex Rav-Acha (CTO).

The app was launched with the intention to make the video editing process a simple task replacing the old-school form of time-consuming form of video editing.This video editing app received funding of $5.5 million in 2010 from Horizons Ventures and Magma Ventures Partners.

Further, with the launch of the Magisto app on 20th September 2011, the app received an overwhelming response from the market.

Within the two years of launch, this best photo and video editing app reached 5 million users worldwide.In 2014, the organization reported reaching 20 million customers gaining 2 million new customers each month.

The company was acquired by Vimeo for an estimated 200 million USD in 2019.

Hiring freelancers can be an option but it’s something that’s advised against.

This is because, hiring a freelancer means that from now onwards you have to act like a project manager, which in itself is one hell of a job.Therefore, you should hire a reputed and reliable mobile application development company to handle such a heavy project.

Project ManagerThe project manager does the task of managing and guiding the music slideshow maker app like Magisto development team regarding the various steps in the project ensuring seamless execution of the technical aspects of the procedure.II.

Android Developer / iOS DeveloperThe developers form the backbone of your app development process as these are the professionals who develop the app for you.

Back-end DeveloperThe role of a back-end developer is taking care of the server-side web application logic and integration of the work front-end developers do.

UI/UX DesignersA well-designed layout can get you huge traffic.