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Author Topic: Change in Commission Structure for *ALL* 123RF.com Contributors  (Read 49228 times)

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« Reply #350 on: February 22, 2012, 14:12 »
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Nice tool.  Thanks for sharing.

But one thing to keep in mind is that if you have seen growth in the past 12 months, you should apply that rate of growth to the numbers this tool generates to figure out what percentage you will see at 123RF next year.

For instance, my Jan 2012 number is about triple my Jan 2011 number, so if I assume my rate of growth will be consistent throughout 2012, I should be able to triple the number generated by this chart to figure where I'll land in the new 123RF structure.


« Reply #351 on: February 22, 2012, 14:21 »
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But one thing to keep in mind is that if you have seen growth in the past 12 months, you should apply that rate of growth to the numbers this tool generates to figure out what percentage you will see at 123RF next year.

No guarantees growth will be sustained, aren't they telling us in fact that they can't sustain their growth with the measly 50% they are currently getting?  Isn't that why this whole change has to happen in the first place?

« Reply #352 on: February 22, 2012, 14:27 »
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But one thing to keep in mind is that if you have seen growth in the past 12 months, you should apply that rate of growth to the numbers this tool generates to figure out what percentage you will see at 123RF next year.

No guarantees growth will be sustained, aren't they telling us in fact that they can't sustain their growth with the measly 50% they are currently getting?  Isn't that why this whole change has to happen in the first place?

Two things:

Actually, Alex told us this: "With regards to sales, we're looking to more than double the figure. 2011 was great for us, we're looking to make 2012 greater. Ultimately your sales as a whole will more than just improve."  Maybe it's a load of bs, but that's a far cry from suggesting they said they can't sustain their growth.

But let's say there's none of the incremental growth that Alex predicts, and we all remain flat to where we are today, relatively speaking.  You should still compare your Jan 2012 vs Jan 2011 number to figure out the percent difference and apply that to each month in 2011 to figure out what your 2012 totals should be.  Again, that's FLAT... no additional growth for 2012... just taking your ACTUAL difference between Jan 2012 and Jan 2011 and applying it for each other month, and assuming your gains don't slide backward, but are simply consistent.
« Last Edit: February 22, 2012, 14:34 by stockmarketer »

« Reply #353 on: February 22, 2012, 14:31 »
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its weird how US/THEM are growing BUT they are going to cut :D

HELL it makes a lot of sense or is it anything else? nooo!

« Reply #354 on: February 22, 2012, 14:43 »
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You should still compare your Jan 2012 vs Jan 2011 number to figure out the percent difference and apply that to each month in 2011 to figure out what your 2012 totals should be.

Pay me to update the calculator and I'll make it give you a non-committal prediction of the future ;)   Or you could just revisit it next January and have a better idea of what your royalties will be.

« Reply #355 on: February 22, 2012, 14:47 »
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You should still compare your Jan 2012 vs Jan 2011 number to figure out the percent difference and apply that to each month in 2011 to figure out what your 2012 totals should be.

Pay me to update the calculator and I'll make it give you a non-committal prediction of the future ;)   Or you could just revisit it next January and have a better idea of what your royalties will be.

why dont you sell it to 123RF? forget they are doing cuts not into expenses! :D

« Reply #356 on: February 22, 2012, 14:52 »
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You should still compare your Jan 2012 vs Jan 2011 number to figure out the percent difference and apply that to each month in 2011 to figure out what your 2012 totals should be.

Pay me to update the calculator and I'll make it give you a non-committal prediction of the future ;)   Or you could just revisit it next January and have a better idea of what your royalties will be.

I actually did my own "Excel-fu" on my numbers with the new rates last week, so I'm all set there...

I just thought it was worth pointing out that if someone simply plugged in their past year's worth of numbers to figure out where they'll end up at the end of 2012 for the new 123RF structure won't give you an accurate result if you've been seeing growth lately.  Just something to keep in mind.

« Reply #357 on: February 22, 2012, 14:53 »
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thank you LOL

« Reply #358 on: February 22, 2012, 14:56 »
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I just thought it was worth pointing out that if someone simply plugged in their past year's worth of numbers to figure out where they'll end up at the end of 2012 for the new 123RF structure won't give you an accurate result if you've been seeing growth lately.  Just something to keep in mind.

A valid point, since this coming year will be so unpredictable.  Alex has encouraged us to massively update our portfolios in an effort to retain our royalty rates, which means each contributor is likely to be seeing less exposure even as overall site traffic increases.   No real clear way to guess or predict this since we are now dealing with so many unknowns.

« Reply #359 on: February 22, 2012, 14:58 »
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I just thought it was worth pointing out that if someone simply plugged in their past year's worth of numbers to figure out where they'll end up at the end of 2012 for the new 123RF structure won't give you an accurate result if you've been seeing growth lately.  Just something to keep in mind.

A valid point, since this coming year will be so unpredictable.  Alex has encouraged us to massively update our portfolios in an effort to retain our royalty rates, which means each contributor is likely to be seeing less exposure even as overall site traffic increases.   No real clear way to guess or predict this since we are now dealing with so many unknowns.

that adds up something, not the marketer talk :D

helix7

« Reply #360 on: February 23, 2012, 11:16 »
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Worse than anything else is the way they're handling this. I can take the pay cut. Let's face it; 40% is still a heck of a lot better than we get at a few other places. SS included.

But what's most insulting is Alex's attitude about this (that 'you've got 10 months to build up a solid portfolio' garbage) and the lack of communication. Things got quiet in here quick, and an email I sent to 123RF last week has gone unanswered. I'm not impressed by their lack of tact in handling the contributor relations part of this.

« Reply #361 on: February 23, 2012, 16:14 »
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Remember how IS said we would get 50% of our RC for the year from the last 4 months. I think I got under 1/3.

« Reply #362 on: February 23, 2012, 20:23 »
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That is partly due to the strong negative response to IS' changes from designer/contributors and all their designer buddies.

Uncle Pete

  • Evidence please...

« Reply #363 on: February 24, 2012, 03:10 »
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Worse than anything else is the way they're handling this. I can take the pay cut. Let's face it; 40% is still a heck of a lot better than we get at a few other places. SS included.

But what's most insulting is Alex's attitude about this (that 'you've got 10 months to build up a solid portfolio' garbage) and the lack of communication. Things got quiet in here quick, and an email I sent to 123RF last week has gone unanswered. I'm not impressed by their lack of tact in handling the contributor relations part of this.

I hate to point this out, but $16 at 40% is not higher than $100 at ?% I don't care how you figure it. SS brings in 625% more money. Is that a meaningful percentage for you?  ;D

« Reply #364 on: February 25, 2012, 16:45 »
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Actually, Alex told us this: "With regards to sales, we're looking to more than double the figure. 2011 was great for us, we're looking to make 2012 greater. Ultimately your sales as a whole will more than just improve."  Maybe it's a load of bs, but that's a far cry from suggesting they said they can't sustain their growth.


I've got a bridge I'm interested in selling you.

Talk is cheap.  Have sales doubled for you there in the last year? 

10 months to build up?  That means that a year from THEN is when you would get the higher commissions.  That's assuming they don't change their mind again.  The only thing consistent about 123rf is their lack of consistency in their message(s).

Why continue to build this site up and take away from the sites that charge more and ultimately pay more.  I just went through my sales at 123rf and am finding commission amounts with more variance than even DT. 

A few examples...

For an XL file I was paid $1.72  Are they selling for $3.44 now?

For an L file I was paid $1.12 implying a $2.24 sale

Then another L file paid me $1.30.  Why was this one sold for $2.60?

Medium file paid me $0.60.  Sold for $1.20?

Now I get a Large sale commission at $.91.  Really? 

Small size pays me $0.40

and on and on...as far as I can tell I had two medium sales that paid me $1.00.  Every other sale is a very partial commission rate.  Way more sales are discounted than not.  I am not getting paid 50% now.  Next year this site has strong potential to be the lowest paying site out there.  Now they are just pretty much tied for that category. 

Do these sales stats mean if they give away free promotional credits to encourage a new buyer they are not paying me any commission on those downloads? 

xst

« Reply #365 on: February 26, 2012, 12:52 »
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lack of communication. Things got quiet in here quick, and an email I sent to 123RF last week has gone unanswered. I'm not impressed by their lack of tact in handling the contributor relations part of this.

For the past 3 years, none of my e-mails to 123rf has been answered.
NEVER!!!

helix7

« Reply #366 on: February 26, 2012, 13:40 »
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I hate to point this out, but $16 at 40% is not higher than $100 at ?% I don't care how you figure it. SS brings in 625% more money. Is that a meaningful percentage for you?  ;D

Very meaningful. I'm not a fan of RPD as a useful stat in this business. No doubt about it, the larger monthly total at SS is far more valuable to me than any percentage.

Just saying that 40% as a percentage alone is still higher than what many microstock agencies offer.

« Reply #367 on: February 26, 2012, 14:44 »
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Just saying that 40% as a percentage alone is still higher than what many microstock agencies offer.

40% of what though?  Like I mentioned above...right now we get 50% but it's 50% of a deeply discounted sale.  It seems there are more "promotional credit" sales than regular sales at 123 so the way I see it I'm getting around 20% of a bargain basement low price regular sale as it is.  If we are forced to pay for their marketing in addition to a drop in commission you have to ask yourself what's the point?  Any sale there is one sale that otherwise would have happened at SS, DT, FT or IS. 

I know FT does a lot of promo credits but they pay us the full commission rate regardless.  This should be the industry standard in my opinion.  We don't get to choose how much these guys send out in promo credits.  At the very least we should be able to opt out of selling our images with promo credits.  I never agreed to that unless it's buried somewhere in the fine print. 

« Reply #368 on: February 26, 2012, 14:55 »
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lack of communication. Things got quiet in here quick, and an email I sent to 123RF last week has gone unanswered. I'm not impressed by their lack of tact in handling the contributor relations part of this.

For the past 3 years, none of my e-mails to 123rf has been answered.
NEVER!!!

They answer mine. Would you like me to forward any messages?

WarrenPrice

« Reply #369 on: February 26, 2012, 14:56 »
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Just saying that 40% as a percentage alone is still higher than what many microstock agencies offer.

40% of what though?  Like I mentioned above...right now we get 50% but it's 50% of a deeply discounted sale.  It seems there are more "promotional credit" sales than regular sales at 123 so the way I see it I'm getting around 20% of a bargain basement low price regular sale as it is.  If we are forced to pay for their marketing in addition to a drop in commission you have to ask yourself what's the point?  Any sale there is one sale that otherwise would have happened at SS, DT, FT or IS. 

I know FT does a lot of promo credits but they pay us the full commission rate regardless.  This should be the industry standard in my opinion.  We don't get to choose how much these guys send out in promo credits.  At the very least we should be able to opt out of selling our images with promo credits.  I never agreed to that unless it's buried somewhere in the fine print. 

This is exactly what caused me to remove my portfolio in Dec 2010  ... with much ridicule from my peers.   :P

Noedelhap

  • www.colincramm.com

« Reply #370 on: October 31, 2012, 18:58 »
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*major roundhouse kick*

Quote
1. With regards to sales, we're looking to more than double the figure. 2011 was great for us, we're looking to make 2012 greater. Ultimately your sales as a whole will more than just improve. We are having month after month of improving sales, spurred on by the growth - We are spending more on advertising and promotions than ever before with more campaigns coming up soon, we're allocating a large proportion of sales revenue into various marketing channels and this is bearing fruit - I believe that most have enjoyed the increased sales throughout 2011. We're not slowing down on this.

Well, 2012 is almost over, and sales haven't 'more than doubled'. An 68% increase, which means I'll be dropping to a lousy 35% commission. Thanks a bunch. I feel really valued now.


« Reply #371 on: October 31, 2012, 22:03 »
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If they actually decide to go through with the proposed pay changes, then I am ditching them - no question about it.
the rates i am getting now is just lousy - on the very edge of begrudging acceptance.

Microstock Man

  • microstockman.com

« Reply #372 on: October 31, 2012, 22:43 »
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huh - two people posting in a row both with 'noodle' in their name (well, almost). Never would have guessed the humble noodle would be so popular a nickname :)

I think all of us have been waiting for 123rf to say "hang on, we got it wrong, sorry about that and lets change it" but all signs point to that not happening. Think it's downhill from here I'm afraid..

XPTO

« Reply #373 on: November 01, 2012, 01:51 »
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*major roundhouse kick*

Quote
1. With regards to sales, we're looking to more than double the figure. 2011 was great for us, we're looking to make 2012 greater. Ultimately your sales as a whole will more than just improve. We are having month after month of improving sales, spurred on by the growth - We are spending more on advertising and promotions than ever before with more campaigns coming up soon, we're allocating a large proportion of sales revenue into various marketing channels and this is bearing fruit - I believe that most have enjoyed the increased sales throughout 2011. We're not slowing down on this.

Well, 2012 is almost over, and sales haven't 'more than doubled'. An 68% increase, which means I'll be dropping to a lousy 35% commission. Thanks a bunch. I feel really valued now.

Well, I only had a 10% increase in sales... More than double?!

AHAHAHAHAHAHAH!

Poncke

« Reply #374 on: November 01, 2012, 04:33 »
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Well 123 can go suck lemons. I am done with them. Started in February and added 600 photos. I had 8 sales in the first two months and then 25 each month after. No growth in 6 months, nothing. I have been in a row with them lately over their editorial  BS decisions as well. Come January, I will drop them. I hope many others with me. This is the chance to stand up to an agency and show them they need us, we dont need them. Its simple really, without photos there is no agency.

Microstock InsiderPhotoDune

 

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