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Author Topic: istock Exclusive Earnings Rating 307.7 ?  (Read 10824 times)

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« on: April 21, 2014, 10:57 »
0
If iStock is changing to Subs and Exclusives are getting a bum deal then is Earnings Rating for Exclusive of 307.7 still accurate?

My end Goal is to be Exclusive for iStock but if they are going to lose there 307.7 Exclusive Earning Rating and have it drop below 83.5 Shutterstock Rating then obviously the Exclusive option is out!


Dook

« Reply #1 on: April 21, 2014, 11:03 »
+8
I wouldn't rely on these numbers when making such an important decision.

ShadySue

  • There is a crack in everything
« Reply #2 on: April 21, 2014, 11:06 »
0
If iStock is changing to Subs and Exclusives are getting a bum deal then is Earnings Rating for Exclusive of 307.7 still accurate?

My end Goal is to be Exclusive for iStock but if they are going to lose there 307.7 Exclusive Earning Rating and have it drop below 83.5 Shutterstock Rating then obviously the Exclusive option is out!

The new subs won't have filtered in yet. IIRC, we won't get any income report until the end of May.

« Reply #3 on: April 21, 2014, 11:10 »
0
I wouldn't rely on these numbers when making such an important decision.

I agree.

« Reply #4 on: April 21, 2014, 11:19 »
+2
I think the flaw with the earnings poll is that the collection of the membership voting is disregarded and the agency is given the credit instead. I think you could argue that collective of contributors who are exclusive as a whole are a stronger performing group than the collective of contributors who are independent. If you were to take the same size group of exclusives and relate them to a corresponding group of independents. Same types/sizes and performing portfolios and did this on a one to one basis I would bet that the earning potentials are not all that different. In other words 100 exclusive contributors versus 100 independent contributors with comparable portfolios. The real issue here is that the voting groups are vastly different and that is skewing the results. This is what is causing the huge earnings discrepancy and not necessarily the agencies.

The other problem is where people have decided to spend their time. Exclusives have put all of their effort into Istock and that is where their results are showing. Independents have spread their results over multiple agencies. My guess is that whatever direction you choose to make a change you are likely to take a financial hit until you can rebuild at the new place. Finally, when you add up the total numbers for independents a number of very high performing sites are not represented in the polls because of voting minimums.

« Reply #5 on: April 21, 2014, 11:23 »
+1
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« Last Edit: May 11, 2014, 21:54 by tickstock »

Shelma1

  • stockcoalition.org
« Reply #6 on: April 21, 2014, 11:23 »
+1
Another problem is that the top number in the poll is $2,500. In all seriousness.

ShadySue

  • There is a crack in everything
« Reply #7 on: April 21, 2014, 11:25 »
+1
But it may also be that until relatively recently, a lot of iS exclusives had no real interest in other sites, so may not be all that well represented here. Times have changed, of course.

« Reply #8 on: April 21, 2014, 11:27 »
+2
Finally, when you add up the total numbers for independents a number of very high performing sites are not represented in the polls because of voting minimums.
This would hurt exclusives numbers many many times more than nonexclusives.  How many contributors here are making more than 2500/month at Shutterstock?  My guess is very few.  If you were to ask that of exclusives I would guess many of them would be well over that.

True, but this just reinforces my contention that the voting groups are nowhere near equal. In all reality the IS number probably should be higher but that is due to the quality of contributors rather than the agency.

« Reply #9 on: April 21, 2014, 11:29 »
0
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« Last Edit: May 11, 2014, 21:54 by tickstock »

« Reply #10 on: April 21, 2014, 11:33 »
+6
Yes, it says that 4-6 years ago anyone who had a high performing portfolio was crazy not to be exclusive. After that it simply became too expensive to leave. If I had started in 2006 versus 2010 there is no doubt in my mind I would have been exclusive as well. The question is when I would have decided when to drop it. I honestly don't know what I would have done and I think about it a lot.

ShadySue

  • There is a crack in everything
« Reply #11 on: April 21, 2014, 11:34 »
0
Finally, when you add up the total numbers for independents a number of very high performing sites are not represented in the polls because of voting minimums.
This would hurt exclusives numbers many many times more than nonexclusives.  How many contributors here are making more than 2500/month at Shutterstock?  My guess is very few.  If you were to ask that of exclusives I would guess many of them would be well over that.

True, but this just reinforces my contention that the voting groups are nowhere near equal. In all reality the IS number probably should be higher but that is due to the quality of contributors rather than the agency.
That may be true.  But if it is, doesn't that say something very important if the best quality contributors are exclusive?
Or pseudo-exclusive, which is a horse of a different colour.

« Reply #12 on: April 21, 2014, 11:34 »
0
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« Last Edit: May 11, 2014, 21:54 by tickstock »

« Reply #13 on: April 21, 2014, 12:16 »
0
Finally, when you add up the total numbers for independents a number of very high performing sites are not represented in the polls because of voting minimums.
This would hurt exclusives numbers many many times more than nonexclusives.  How many contributors here are making more than 2500/month at Shutterstock?  My guess is very few.  If you were to ask that of exclusives I would guess many of them would be well over that.


So two things here, 1st $2,500 a month at Shutterstock, is there some sort of cap at Shutterstock? I have heard this number before on earnings there, when you reach $2,500 there is an invisible Cap or something! Why is is hard to make more than $2,500 at Shutterstock? And when you Mention Exclusives you are talking about iStock Correct?

« Reply #14 on: April 21, 2014, 12:21 »
+2
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« Last Edit: May 11, 2014, 21:53 by tickstock »

Ron

« Reply #15 on: April 21, 2014, 12:43 »
+2
Finally, when you add up the total numbers for independents a number of very high performing sites are not represented in the polls because of voting minimums.
This would hurt exclusives numbers many many times more than nonexclusives.  How many contributors here are making more than 2500/month at Shutterstock?  My guess is very few.  If you were to ask that of exclusives I would guess many of them would be well over that.


So two things here, 1st $2,500 a month at Shutterstock, is there some sort of cap at Shutterstock? I have heard this number before on earnings there, when you reach $2,500 there is an invisible Cap or something! Why is is hard to make more than $2,500 at Shutterstock? And when you Mention Exclusives you are talking about iStock Correct?
There is no earnings cap on SS

Edit: If I am wrong, and the down vote says I am, please tell me what the earnings cap at Shutterstock is. I am not aware of this earnings cap.
« Last Edit: April 21, 2014, 16:24 by Ron »

« Reply #16 on: April 21, 2014, 13:03 »
+4
Finally, when you add up the total numbers for independents a number of very high performing sites are not represented in the polls because of voting minimums.
This would hurt exclusives numbers many many times more than nonexclusives.  How many contributors here are making more than 2500/month at Shutterstock?  My guess is very few.  If you were to ask that of exclusives I would guess many of them would be well over that.


So two things here, 1st $2,500 a month at Shutterstock, is there some sort of cap at Shutterstock? I have heard this number before on earnings there, when you reach $2,500 there is an invisible Cap or something! Why is is hard to make more than $2,500 at Shutterstock? And when you Mention Exclusives you are talking about iStock Correct?
There is no earnings cap on SS

I have submitted a few hundred photos that normally would have increased my monthly income but instead nothing has changed in terms of income increase. Which is why i keep wondering if their is some sort of cap or perhaps a system they have in place to only show so many of your images per day so that they can show pictures from all contributors on their site.
« Last Edit: April 22, 2014, 09:46 by pixel8 »


Ron

« Reply #17 on: April 21, 2014, 13:14 »
+3
In 14 months to $2500 a month, on SS alone, thats insane.

KB

« Reply #18 on: April 21, 2014, 17:02 »
+1
If iStock is changing to Subs and Exclusives are getting a bum deal then is Earnings Rating for Exclusive of 307.7 still accurate?
That number represents March income, before subscriptions began. It says nothing about what may or may not be happening now, or (even more importantly, since IS has barely begun pushing sub sales) in the future.

« Reply #19 on: April 21, 2014, 17:34 »
+2
If the poll showed RPI rather than income, it might prove more helpful, but again, given the vast difference in people's portfolios, it's really not so much an accurate representation of what the average microstocker can expect to earn on those sites, but more a way to see which sites do better, for most people.

It's too bad self-hosted and Stocksy don't have enough voters to get them into the poll, but again, you're always comparing apples to oranges, so knowing that an average portfolio earns $xxx a month, while helpful as a way to compare how you stand vis-a-vis the average microstocker on here, won't really help you predict how well you can expect to do on each site.

The benefit to a poll that showed RPI for each site, would be that you can better gauge how your portfolio does compared to the average, but that would be a far more complicated poll and given the low earners, the RPI numbers for some would be 0.000xx - really discouraging!

« Reply #20 on: April 21, 2014, 20:10 »
+1
I think being actively exclusive is also somewhat selecting for people that do well at IS. If your income gets hosed enough you quit exclusivity - so all that is left are those that still do well there.

« Reply #21 on: April 21, 2014, 20:24 »
+3
Yes, the numbers are not accurate because it's not possible to get everybody to submit the data. When ever you hear about statistics, there's an old story about a diner and sitting at the counter are three truckers. Bill Gates comes in and sits next to them. Instantly the average net worth of the four men comes to 75 million dollars. It's tough to say how istock (or any site) is doing for people because you have too many variables, how many images are they selling, what kind of images, do they promote themselves, etc. I'm sure some have done OK, but for the majority, there is a decline (myself included). It's important to read up on how the business treats it's contributors, corporate decisions, marketing, but you cannot put a score number on that.

« Reply #22 on: April 22, 2014, 09:11 »
+1
If the poll showed RPI rather than income, it might prove more helpful, but again, given the vast difference in people's portfolios, it's really not so much an accurate representation of what the average microstocker can expect to earn on those sites, but more a way to see which sites do better, for most people.

It's too bad self-hosted and Stocksy don't have enough voters to get them into the poll, but again, you're always comparing apples to oranges, so knowing that an average portfolio earns $xxx a month, while helpful as a way to compare how you stand vis-a-vis the average microstocker on here, won't really help you predict how well you can expect to do on each site.

The benefit to a poll that showed RPI for each site, would be that you can better gauge how your portfolio does compared to the average, but that would be a far more complicated poll and given the low earners, the RPI numbers for some would be 0.000xx - really discouraging!

Add 2nd poll on it's own page, or more all polls to own page.

« Reply #23 on: April 22, 2014, 09:46 »
+1
If the poll showed RPI rather than income, it might prove more helpful, but again, given the vast difference in people's portfolios, it's really not so much an accurate representation of what the average microstocker can expect to earn on those sites, but more a way to see which sites do better, for most people.

It's too bad self-hosted and Stocksy don't have enough voters to get them into the poll, but again, you're always comparing apples to oranges, so knowing that an average portfolio earns $xxx a month, while helpful as a way to compare how you stand vis-a-vis the average microstocker on here, won't really help you predict how well you can expect to do on each site.

The benefit to a poll that showed RPI for each site, would be that you can better gauge how your portfolio does compared to the average, but that would be a far more complicated poll and given the low earners, the RPI numbers for some would be 0.000xx - really discouraging!

Add 2nd poll on it's own page, or more all polls to own page.

I always wanted to see the poll without the 50 people minimum.

stocked

« Reply #24 on: April 22, 2014, 11:22 »
0
So much I like this forum but I don't like this poll, it's way too easy manipulate and I'm almost certain some people do.

« Reply #25 on: April 22, 2014, 11:32 »
+2
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« Last Edit: May 11, 2014, 21:48 by tickstock »

« Reply #26 on: April 22, 2014, 15:46 »
0
I'm sure some do manipulate the poll but I also believe the IS exclusive figure.  However as Chromaco said and as I've pointed out previously, it's a skewed number because it's a different constituencey


« Reply #27 on: April 22, 2014, 15:56 »
0
Tick no worries,
Math & logic, makes world go round, makes world go round...
 ;)



 

wds

« Reply #28 on: April 23, 2014, 09:07 »
0
How exactly are these "earnings ratings" calculated?

« Reply #29 on: April 23, 2014, 09:14 »
0
.
« Last Edit: May 11, 2014, 21:48 by tickstock »

« Reply #30 on: April 23, 2014, 09:21 »
+1
When I was exclusive I don't think I ever took part in the msg poll. And lots of exclusives don't participate here. They used to be heavily focussed on the istock forums, now this has shifted to various facebook groups.

Those more active in the wider community seem to be doing stock full time or at least it is a major part of their income. So I am not surprised that they are reporting high income on msg from istock.

What would be interesting if there was a regular poll for earnings on istock itself and then to compare these results with an equivalent mix of indies.

Looking at my own results I think if you put in the same amount of work you will be earning around the same as a full time indie.

However the number is still interesting because it should give an insight how well people are doing on istock as exclusives. Especially in the coming months with subscriptions it will be important to see if earnings remain about the same, or if they go down ( or up?).

But you cannot use the number to predict how well your portfolio would do if you went exclusive. You will see a rise in income, but not 10 times more. At least I have never seen that.

wds

« Reply #31 on: April 23, 2014, 09:51 »
0
How exactly are these "earnings ratings" calculated?
People enter their earnings each month.  If you enter $0-$2500+ you get averaged.  The numbers in the "earnings rating" range from 0-500, 500 equals an average of $2500 so each point is equal to $5.  There are structural problems with the poll so it shouldn't be taken as 100% accurate.

So this is about a 9 to 1  ratio (308/35) for iStock exclusive/non-exclusive. Would any folks who recently went from exclusive to non-ex care to comment on whether they saw a roughly 9 to 1 drop in their iStock earnings?

« Reply #32 on: April 23, 2014, 09:55 »
0
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« Last Edit: May 11, 2014, 21:48 by tickstock »

wds

« Reply #33 on: April 23, 2014, 10:01 »
0
How exactly are these "earnings ratings" calculated?
People enter their earnings each month.  If you enter $0-$2500+ you get averaged.  The numbers in the "earnings rating" range from 0-500, 500 equals an average of $2500 so each point is equal to $5.  There are structural problems with the poll so it shouldn't be taken as 100% accurate.

So this is about a 9 to 1  ratio (308/35) for iStock exclusive/non-exclusive. Would any folks who recently went from exclusive to non-ex care to comment on whether they saw a roughly 9 to 1 drop in their iStock earnings?
There are people who did.  The drop in royalty rate, the lower sale price per image, no more GI sales etc.. are some of the ways that happens.  Just looking at those factors it's easy to see a big drop 50% royalty rate and S+ to M is a drop from 60 credits for XXXL to 7.  An XXXL S+ sale would go from about 30 dollars to 2 dollars.

No doubt, there would be a precipitous drop, but it would be nice to hear it from folks that actually went through the experience.

« Reply #34 on: April 23, 2014, 10:02 »
+2
So this is about a 9 to 1  ratio (308/35) for iStock exclusive/non-exclusive. Would any folks who recently went from exclusive to non-ex care to comment on whether they saw a roughly 9 to 1 drop in their iStock earnings?

No. Definitely not 9:1. If I would make 9 times more as an exclusive than I do now as a non-exclusive, I would go back to exclusivity right away (well, I couldn't really due to other contractual obligations... but it's a hypothetical question anyways)

For me, the immediate drop was 4:1 which was later even less as more PP income was added to my iStock royalties.

« Reply #35 on: April 23, 2014, 10:04 »
0
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« Last Edit: May 11, 2014, 21:47 by tickstock »

« Reply #36 on: April 23, 2014, 10:10 »
+2
I think you did better than most, I've seen most people say they went down 80-90%.  I also wouldn't expect the jump from going exclusive to be as much as the drop from leaving because getting files into S+ and Vetta is more difficult than losing them.

Yes, you keep saying that. I wonder if you can dig out some of the people mentioning those numbers?!?

Also, let me re-state that: Had I ever have any hopes that I would make 9 times more as an exclusive than I do now as a non-exclusive, I would never have left exclusivity.

And yes, the lacking options to get new content into Vetta or S+ makes going exclusive at this point far less attractive.


wds

« Reply #37 on: April 23, 2014, 10:11 »
+1
So this is about a 9 to 1  ratio (308/35) for iStock exclusive/non-exclusive. Would any folks who recently went from exclusive to non-ex care to comment on whether they saw a roughly 9 to 1 drop in their iStock earnings?

No. Definitely not 9:1. If I would make 9 times more as an exclusive than I do now as a non-exclusive, I would go back to exclusivity right away (well, I couldn't really due to other contractual obligations... but it's a hypothetical question anyways)

For me, the immediate drop was 4:1 which was later even less as more PP income was added to my iStock royalties.
I think you did better than most, I've seen most people say they went down 80-90%.  I also wouldn't expect the jump from going exclusive to be as much as the drop from leaving because getting files into S+ and Vetta is more difficult than losing them.  I know you left before GI sales were big, at least for me they didn't become a major factor until the second quarter of 2013.

On the other hand, getting new files into GI at this point is near impossible for most people, so the GI benefit will fade and disappear over time. The truth is, there are so many changes as time goes on, that it is hard to draw any firm conclusions...the proverbial "moving target"

Ron

« Reply #38 on: April 23, 2014, 10:13 »
+2
So this is about a 9 to 1  ratio (308/35) for iStock exclusive/non-exclusive. Would any folks who recently went from exclusive to non-ex care to comment on whether they saw a roughly 9 to 1 drop in their iStock earnings?

No. Definitely not 9:1. If I would make 9 times more as an exclusive than I do now as a non-exclusive, I would go back to exclusivity right away (well, I couldn't really due to other contractual obligations... but it's a hypothetical question anyways)

For me, the immediate drop was 4:1 which was later even less as more PP income was added to my iStock royalties.
I think you did better than most, I've seen most people say they went down 80-90%.  I also wouldn't expect the jump from going exclusive to be as much as the drop from leaving because getting files into S+ and Vetta is more difficult than losing them.  I know you left before GI sales were big, at least for me they didn't become a major factor until the second quarter of 2013.
When?  In their first month probably.

« Reply #39 on: April 23, 2014, 10:18 »
0
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« Last Edit: May 11, 2014, 21:47 by tickstock »

« Reply #40 on: April 23, 2014, 10:33 »
0
I think Camrocker said he was down 90%.  Lucato said he was down 80%.  I'd have to dig a little bit to get more than that.  The more S+, Vetta and GI sales you have the bigger the drop is going to be.  If you have almost none of those then it won't be as bad.

Yes, I remember lucato and the 80%. That was about the drop I expected as I had read about the same in the past. Can't really recollect any details either.

And the difference between 80 and 90% might sound marginal. But factually it means that you are left with either 10 or 20% of your former royalties, that's a difference of double or half.

ShadySue

  • There is a crack in everything
« Reply #41 on: April 23, 2014, 10:40 »
0
And yes, the lacking options to get new content into Vetta or S+ makes going exclusive at this point far less attractive.
Not to mention the long-standing problem of new files hardly getting seen, which most contributors are experiencing. There was one very high ranking BD (at one time was in the top 5 on the site, don't know about now) who hadn't uploaded for almost a full year, yet their most recent 200 uploads had about 15 dls between them. [They have just started uploading again, I see, in the past few days - maybe they were ill (?)]

« Reply #42 on: April 23, 2014, 11:11 »
0
I also saw a drop of around 80% when I gave up exclusivity but with only 700 files on the bigger sites and less on the smaller ones I am at around 35-50% (depends strongly on extended licenses and video sales) of my former earnings. I think if I had uploaded much more vigorously to Shutterstock directly I could have reached a much higher level by now. Michael got his income back in 6 months, but I doubt many people are as well organized and disciplined as him.

Some time in summer Ill be able to focus full time on stock again, so the next 18 months will be interesting. The opportunities of an indie are amazing, but I understand it is not for everyone.

« Reply #43 on: April 25, 2014, 02:23 »
0
What just popped up in my head is another question that could explain the steeper than (I) expected difference between exclusive and non-exclusive: I assume that most people fill out the Poll at the start of the month. When I do that, I usually add some allowance to my iStock earnings for the PP that will be added later in the month. But I guess not everyone is doing that. So there might be a part of the overall income missing and not being represented at all but it would mostly be added to the iStock non-exclusive part.

Also another consideration: There are quite a few people who quit uploading to iStock but still kept their images they already had. Or at least part of the images. I know a couple people who have many thousand images on Shutter & Co but only 20 per cent of their portfolio on iStock. For those people it would be natural to make less money on iStock compared to what they would make with their full portfolio.

This would at least also explain my personal experience that while Shutterstock is now my #1 earner, iStock including the PP is still close to them, definitely not less than half of what Shutter makes. But for me it's the other way around: I still have more images in my iStock portfolio than everywhere else because I have quite some images (including some good sellers) that I can't upload anywhere else because they were shot at minilypses.

In my personal experience, iStock would rate somewhere in the 60's in this poll. This would match everything else pretty well: The 80% drop from exclusivity, closer to Shutterstock but far ahead of Fotolia and Dreamstime.

« Reply #44 on: April 25, 2014, 02:25 »
0
----double post----


 

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