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Author Topic: 123rf reducing commissions  (Read 23797 times)

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« Reply #50 on: February 06, 2018, 11:23 »
+11
We now have an agency that changes royalties without even notifying their contributors.

I've just blogged about this, the link is below. Let's spread the word!

123rf Shock Contributors by Dropping Royalties on the Sly.


angelawaye

  • Eat, Sleep, Keyword. Repeat

« Reply #51 on: February 06, 2018, 11:30 »
+2
I feel like micostock is coming to an end sadly - the returns get smaller and smaller each year.

Soon we will be getting 10 cents an image ... I'm not even surprised anymore at the way these agencies are treating us. I went numb last year sometime.

steheap

  • Author of best selling "Get Started in Stock"

« Reply #52 on: February 06, 2018, 11:35 »
+4
Quote
I've just blogged about this, the link is below. Let's spread the word!

And I've put your blog post in a Flipboard magazine on Stock Photography that I'm curating. Hopefully that will spread the word (and get more traffic to your site!)

Steve

« Reply #53 on: February 06, 2018, 12:02 »
+5
I feel like micostock is coming to an end sadly - the returns get smaller and smaller each year.

Soon we will be getting 10 cents an image ... I'm not even surprised anymore at the way these agencies are treating us. I went numb last year sometime.

I'm hoping something better will be born out of the ashes. I thought some companies would be working on something new (more sustainable and better paying), but it doesn't seem to be happening. I'd assume that all these companies are still doing well, so they don't feel any pressure to be better.

steheap

  • Author of best selling "Get Started in Stock"

« Reply #54 on: February 06, 2018, 12:14 »
0
Quote
And I've put your blog post in a Flipboard magazine on Stock Photography that I'm curating

I was asked where this was: https://flipboard.com/@steveheap2015/getting-started-in-stock-photography-lhjj87ouy. I hope you can see it without having to sign in. I find Flipboard pretty useful to see what sort of images are being used to illustrate articles - it often gives me a bit of inspiration.

Steve

fotorob

  • I am a professional stock photographer

« Reply #55 on: February 07, 2018, 03:48 »
0
Interestingly here on this official 123rf "contributor guide" pages, there is still the old commission structure:
https://www.123rf.com/guidebook/c02s06.htm#2.0

« Reply #56 on: February 07, 2018, 04:06 »
0
Interestingly here on this official 123rf "contributor guide" pages, there is still the old commission structure:
https://www.123rf.com/guidebook/c02s06.htm#2.0

Not only are they sneaks but they are incompetent too

fotorob

  • I am a professional stock photographer

« Reply #57 on: February 07, 2018, 04:23 »
+1
I posted an article in my blog about this commission cut and took the information presented here to put a commission structure comparision into a table:
https://i2.wp.com/www.alltageinesfotoproduzenten.de/wp-content/uploads/2018/02/123rf-2017-royalty-structure-07-02-_2018_09-43-27.jpg

« Last Edit: February 07, 2018, 06:28 by fotorob »

« Reply #58 on: February 07, 2018, 04:46 »
+2
Huh this is what they have to say for themselves

"Thank you for your email.

As part of an initial phase, the 2nd and 4th Tier has been removed from the previous Contributor Commission Structure. We understand that these changes have caused a lot of concern among Contributors but rest assured, the coming phase would be good news for Contributors.

All the changes will be conveyed in full in an official announcement once all the phases are deployed, which is estimated to be around the end of March 2018.
 
Please bear with us in the meantime and do look out for the official announcement from us.

Best regards,
Your Submissions & Review Team"

« Reply #59 on: February 07, 2018, 04:53 »
0
I posted an article in my blog about this commission cut and took the information presented here to put a commission structure comparision into a table:
https://i0.wp.com/www.alltageinesfotoproduzenten.de/wp-content/uploads/2018/02/123rf-2017-royalty-structure-07-02-_2018_09-43-26.jpg

Your Contributor Level : 2   |   Past 12 Month License Points Total : 3752

So, even with 3752 I'm still level 2.


« Reply #60 on: February 07, 2018, 04:59 »
+1
Huh this is what they have to say for themselves

"Thank you for your email.

As part of an initial phase, the 2nd and 4th Tier has been removed from the previous Contributor Commission Structure. We understand that these changes have caused a lot of concern among Contributors but rest assured, the coming phase would be good news for Contributors.

All the changes will be conveyed in full in an official announcement once all the phases are deployed, which is estimated to be around the end of March 2018.
 
Please bear with us in the meantime and do look out for the official announcement from us.

Best regards,
Your Submissions & Review Team"

so, they will take larger percent of our income for a month and then we will see good and exciting news.

nice.

fotorob

  • I am a professional stock photographer

« Reply #61 on: February 07, 2018, 06:29 »
0
I posted an article in my blog about this commission cut and took the information presented here to put a commission structure comparision into a table:
https://i0.wp.com/www.alltageinesfotoproduzenten.de/wp-content/uploads/2018/02/123rf-2017-royalty-structure-07-02-_2018_09-43-26.jpg

Your Contributor Level : 2   |   Past 12 Month License Points Total : 3752

So, even with 3752 I'm still level 2.

Sorry, I missed to adjust the credits, so that the missing levels are taken into account. I just updated the table, thanks for the notification.

Noedelhap

  • www.colincramm.com

« Reply #62 on: February 07, 2018, 07:35 »
+5
Huh this is what they have to say for themselves

"Thank you for your email.

As part of an initial phase, the 2nd and 4th Tier has been removed from the previous Contributor Commission Structure. We understand that these changes have caused a lot of concern among Contributors but rest assured, the coming phase would be good news for Contributors.

All the changes will be conveyed in full in an official announcement once all the phases are deployed, which is estimated to be around the end of March 2018.
 
Please bear with us in the meantime and do look out for the official announcement from us.

Best regards,
Your Submissions & Review Team"

Good news how? Give contributors a commission cut (again) without prior notice and then make them wait 2 months before making a full announcement?

fotorob

  • I am a professional stock photographer

« Reply #63 on: February 07, 2018, 08:50 »
+2
Depends on how they define "good news".
A royalty cut for photographers might be good news for 123rf since they get a bigger share.

« Reply #64 on: February 07, 2018, 08:58 »
0
Depends on how they define "good news".
A royalty cut for photographers might be good news for 123rf since they get a bigger share.

My guess is that they create a -0 tier, pay 80% and anyone who has sold at least one file gets put into that tier ;)

« Reply #65 on: February 07, 2018, 09:24 »
0
Good news how? Give contributors a commission cut (again) without prior notice and then make them wait 2 months before making a full announcement?

I guess there are lots of things that could be good news. I'm not holding my breath though.

Microstock Man

  • microstockman.com

« Reply #66 on: February 07, 2018, 09:56 »
+3
Well I never received a reply from them, but thanks for sharing your response you got.

2 months to "deploy" (makes it sound exciting) rate cuts with no warning? Come on.

Brasilnut

  • Author of the Brutally Honest Guide to Microstock
« Reply #67 on: February 07, 2018, 10:18 »
+3
The last "exciting news" I heard from them was that whole Creative Commons for donations joke.

Microstock Man

  • microstockman.com

« Reply #68 on: February 07, 2018, 11:04 »
+7
The last "exciting news" I heard from them was that whole Creative Commons for donations joke.

If the exciting Phase 2 news is "with you making less money, we can spend more on advertising, which will make you MORE money!" I'm gonna loose it!

« Reply #69 on: February 08, 2018, 01:35 »
0
After confuse with their policy, search on the web and found this forum.
If they just told us in advanced, it's not gonna worst like this.  :-\

« Reply #70 on: February 08, 2018, 02:03 »
+24
Is it even legal for them to cut rates secretly? We are meant to have a contract with them and contracts usually allow you to opt out in advance if one side decides unilaterally to alter the terms.

The only reason they can do this is because they get their hands on the cash before we do, imagine how they would squeal if we got the money first and decided to increase our commissions without telling them before handing on the balance.

« Reply #71 on: February 08, 2018, 10:38 »
+1
lol I knew it. I can tell I can tell, I never like the founders, crooked business etiquette.

« Reply #72 on: February 09, 2018, 03:18 »
+1
Part of the 123RF answer to my email about my concern:

"As part of an initial phase, the 2nd and 4th Tier has been removed from the previous Contributor Commission Structure.
We understand that these changes have caused a lot of concern among Contributors but rest assured, the coming phase would be good news for Contributors.
 
All the changes will be conveyed in full in an official announcement once all the phases are deployed, which is estimated to be around the end of March 2018.
 
Please bear with us in the meantime and do look out for the official announcement from us."

I am speechless

fotorob

  • I am a professional stock photographer

« Reply #73 on: February 09, 2018, 04:53 »
+3
This might be a good time to remind of the last royalty cut stunt that 123rf pulled of some years ago:
http://www.microstockgroup.com/123royaltyfree-com/123rf-sharing-commissions-with-parent-company-inmagine/

« Reply #74 on: February 09, 2018, 09:06 »
+3
good news for Contributors

The four most dreaded words in microstock!

Last time 123 cut commissions it was going to somehow lead to massive new sales that would see our proceeds increase dramatically - and we all know how that went.  Sort of like the Republican tax cuts in the US that are supposed to magically stimulate the economy so much that tax proceeds will increase rather than decrease - been tried many times before with the same result as microstock commission cuts.  Can't wait to see what sort of scam 123 will roll out in March.  The only real question is: do we stay with them to see what happens or bail out now?


 

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