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Author Topic: Am I doing OK with micro stock?  (Read 15755 times)

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« on: June 30, 2010, 09:42 »
+1
hi guys

I'm new here.

I'm a part time, non-exclusive photographer (thinking about become a full time stocker), i have +/- 5000 pics on SS, DT, FT, 123RF, BigStock, CanStockPhoto, TS, out of this 5000 pics i believe there are quite lot similar ones, there are about 800 pics i consider as "better ones" which are on IS.

my total monthly income about $3500 ($1000 from IS), am i doing ok in this game? how do you find my figures?

thanks
« Last Edit: June 30, 2010, 10:33 by SIFD »


« Reply #1 on: June 30, 2010, 09:53 »
0
Regardless of how many are in your portfolio I'd say that $3500/mo part time is a green light for full time production. You've obviously learned enough to get that many accepted so why not give full time a go?

« Reply #2 on: June 30, 2010, 09:59 »
0
can i make it to a full-timer?

We don't know you.  We don't know your financial situation.  We don't know your style, subjects or location.  We don't know the future.

Basically, only you know what you are able to do.

« Reply #3 on: June 30, 2010, 10:16 »
0
To me 3.5k sounds like good money.  I think that puts you in the upper tier of successful contributors. 

OTOH the future of stock is in a constant state of flux and the world economy is in the toilet right now.  If I had a secure job I would sure hang on to it.   

« Reply #4 on: June 30, 2010, 10:17 »
0
can i make it to a full-timer?

We don't know you.  We don't know your financial situation.  We don't know your style, subjects or location.  We don't know the future.

Basically, only you know what you are able to do.

  ;) sorry guys, not native english speaker here. i suppose the last sentence is not the best wording, but you know what i mean  :)

« Reply #5 on: June 30, 2010, 10:20 »
0
It sounds like you are doing well with stock. I guess it all depends on how you feel about your other job or how much it pays. Here's another thread you might check out:

http://www.microstockgroup.com/general-stock-discussion/would-you-consider-going-fulltime-on-$200-a-weekday/

« Reply #6 on: June 30, 2010, 10:46 »
0
I think that puts you in the upper tier of successful contributors. 

i never thought that i could be in the upper tier, my monthly RPI is only $0.7

« Reply #7 on: June 30, 2010, 10:57 »
0
In your situation I wouldn't worry about RPI. Everyone's images yield different RPIs. You may just need to produce more images than someone else for the same income. If you believe you can succeed in this business or that you cannot succeed you are absolutely correct.



I think that puts you in the upper tier of successful contributors. 

i never thought that i could be in the upper tier, my monthly RPI is only $0.7

« Reply #8 on: June 30, 2010, 10:58 »
0
It sounds like you are doing well with stock. I guess it all depends on how you feel about your other job or how much it pays. Here's another thread you might check out:

http://www.microstockgroup.com/general-stock-discussion/would-you-consider-going-fulltime-on-$200-a-weekday/


thank you. funny my 5 days a week full time job only pays $2200 and i always hated it. maybe my problem is that i'm too cautious

« Reply #9 on: June 30, 2010, 11:01 »
0
In your situation I wouldn't worry about RPI. Everyone's images yield different RPIs. You may just need to produce more images than someone else for the same income. If you believe you can succeed in this business or that you cannot succeed you are absolutely correct.



thank you.

WarrenPrice

« Reply #10 on: June 30, 2010, 11:06 »
0
I didn't see any mention of how much you are spending to produce, what seems to me, your substantial revenue.  Expenses could change the prognosis considerably. 

But, hating the current job could also weigh heavily on a decision. 

donding

  • Think before you speak
« Reply #11 on: June 30, 2010, 11:26 »
0
hi guys

I'm new here.

I'm a part time, non-exclusive photographer (thinking about become a full time stocker), i have +/- 5000 pics on SS, DT, FT, 123RF, BigStock, CanStockPhoto, TS, out of this 5000 pics i believe there are quite lot similar ones, there are about 800 pics i consider as "better ones" which are on IS.

my total monthly income about $3500 ($1000 from IS), am i doing ok in this game? how do you find my figures?

thanks

What???? You question rather you are doing alright??? Your doing better than most so in my opinion you're doing more than alright, you're doing great!! I'd love to make that as many here would. ;)

« Reply #12 on: June 30, 2010, 12:23 »
0

thank you. funny my 5 days a week full time job only pays $2200 and i always hated it. maybe my problem is that i'm too cautious

Your monthly income from working part time in microstock is a currently $3500 a month! Give up your day job. Go full time as a microstocker. Don't look back. Life's too short to be doing jobs you don't like, especially if you have options.

« Reply #13 on: June 30, 2010, 19:38 »
0
this kind of topics are getting famous at MSG... 3.5k?? still thinking??

« Reply #14 on: June 30, 2010, 21:43 »
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If you want to attack it like a business then forget about what your monthly sales are and look at your monthly, 1/4, year profits. $3500 a month might sound impressive to some people but what goes in your pocket? A person could make a million dollars but if they're operating on a 20% profit then they are actually failing horribly. How much money you bring in doesn't mean anything  ... it's how much you keep.

« Reply #15 on: June 30, 2010, 22:16 »
0
If you want to attack it like a business then forget about what your monthly sales are and look at your monthly, 1/4, year profits. $3500 a month might sound impressive to some people but what goes in your pocket? A person could make a million dollars but if they're operating on a 20% profit then they are actually failing horribly. How much money you bring in doesn't mean anything  ... it's how much you keep.

of course.. again talking about Yuri? lol

« Reply #16 on: July 01, 2010, 09:38 »
0
If you want to attack it like a business then forget about what your monthly sales are and look at your monthly, 1/4, year profits. $3500 a month might sound impressive to some people but what goes in your pocket? A person could make a million dollars but if they're operating on a 20% profit then they are actually failing horribly. How much money you bring in doesn't mean anything  ... it's how much you keep.

Hmmm. 20% of one million sounds an awful lot like a profit of $200,000.


« Reply #17 on: July 01, 2010, 14:44 »
0
of course.. again talking about Yuri? lol
Well I didn't throw his name in it LOL but it makes for a great example.

Hmmm. 20% of one million sounds an awful lot like a profit of $200,000.

Which can be looked at two ways ... I made $200,000 over the course of an entire year .. or .. Hmmm I just lost $800,000  ???

« Reply #18 on: July 01, 2010, 14:56 »
0
I wonder who could make $1 million with $0 expenses. ;)

« Reply #19 on: July 01, 2010, 15:01 »
0
Speaking of costs, I just saw this on a blog.  $80k just for props and wardrobe?  Out of country models?  Looking at the video, methinks costs may be a wee bit too high.

http://stevecoleblog.com/2010/06/14/production/

« Reply #20 on: July 01, 2010, 15:15 »
0
Ouch!  I am hoping this was assignment work, and not for stock...?

« Reply #21 on: July 01, 2010, 15:19 »
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Ouch!  I am hoping this was assignment work, and not for stock...?

Assume so, but even so!

« Reply #22 on: July 01, 2010, 15:22 »
0
Speaking of costs, I just saw this on a blog.  $80k just for props and wardrobe?  Out of country models?  Looking at the video, methinks costs may be a wee bit too high.

http://stevecoleblog.com/2010/06/14/production/


I'd assume he'd been given that as a budget by the client and had simply spent up to it. It certainly wasn't for his Istock port!

Talking production budgets how much do you think it would have cost to have set this one up? All you need is a derelict housing estate in Glasgow, 70,000 litres of paint and about 800 bombs and mortars ... for 60 seconds of footage. Oh, and quite a bit of creative talent too.

Sony Bravia Paint Ad

« Reply #23 on: July 01, 2010, 15:24 »
0
Speaking of costs, I just saw this on a blog.  $80k just for props and wardrobe?  Out of country models?  Looking at the video, methinks costs may be a wee bit too high.

http://stevecoleblog.com/2010/06/14/production/


LOL the breakdance camera spin maneuver on the floor was the best part of that vid

I wonder who could make $1 million with $0 expenses. ;)


Everyone has expenses. The point was to look at your profits closely. I run a pretty standard business model and if I'm spending $800,000 on expenses then that means I'm looking at generating a $40 million income for me to be meeting the percentages in my business plan. You spend money to make money .. that's one of the best rules ever but it was never meant to be taken as you spend a ton of money just to make a little of it back. That's called losing money.

Put it this way, if I give you a million dollars and you take it to the casino and and hour later walk out the door with 200K in your pocket ... did you make a wise decision or a foolish one?

« Reply #24 on: July 01, 2010, 15:29 »
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I'd assume he'd been given that as a budget by the client and had simply spent up to it. It certainly wasn't for his Istock port!

I dunno, I guess.  I don't have a lot of experience with assignment work.  I just looked at it saying "What props?  An $80,000 couch?" and "Don't they have women in Atlanta?" ;).  17 people for a studio lifestyle shoot just seems cwazy.


 

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