MicrostockGroup

Just my 2 cents... something else to think about:

You've been helping many people to getting into this business.  Some of them have portfolios almost identical to yours, some of them are exclusives with best positioning in the best match.  A big part of the piece of the cake they are taking, was yours before.  A negative impact in your sales would or will happen sooner or later.

Everytime we welcome new people into the business (by teaching newbes, by sharing information, by posting earnigs in blogs, by telling others how to make money), we are shooting ourselves on our own foot.   It's only good for the agencies, not for us.

I've been a business person all my life (I am 40+).  And this is the only business where I've seen people helping their potential competitors getting on board.   Honestly, I'll never understand it!

You're mistaking very much. This concept of sharing has only led to oversupply and the whole enormous pile of copycats that are microstock agencies today. And it might as well lead to its end.

".this way microstockers can produce images much, much  cheaper than traditional macro artists and therefore our images can be offered at much lower prices on the market. "

No, not really.

But hiring a full staff may not make sense either.

that´s very true but what have you done? what are you doing? that´s stock even if Yuri or other don´t share, it will never stop unless agencies stop approving more of the "same" stuff and perhaps deleting older pictures without sales, agencies till approve a lot of noisy pics..

microstock will shrink day after day unless you keep on producing more and more and diversify which Yuri haven´t done

my 2cents from a nobody

Every country is in "internet age", is nothing new to anyone. These new markets as you say are already buying stock images. The majority of web designers these days are in India, Eastern Europe and other places where work sells cheap. Major western european or american companies are outsourcing their projects right there.
If you're talking about emerging companies within those countries, well then you'll have to wait for the said countries to develop their economies and I believe it's going to be a long time until then.

LE: blimey, gostwyck was a bit faster.

I suggest you write to the Coca Cola company asking for the recipe for their nice drink so that you can make it for yourself. Explain to them, like you have lectured us, that "Goodwill will not hurt one's business". Let us know how you get on.

Have you ever actually heard the expressions 'trade secret' or 'commercially sensitive information'? Do those exist because of "blatant selfishness and lack of goodwill" from nasty business people?

Yuri is probably kicking himself that he didn't keep his big trap shut ... not that he'd ever admit it of course.

But there's no trade secret here, our photos are out there for all to see.

Those serious about stock will find out anyway, and a lot of people - the large majority - will never succeed anyway, because it's not difficult but it takes time and devotion.

I completely agree with Yuri's way of sharing (and getting) information.

If anything, those sharing information - such as us on this forum - are gaining a competitive advantage against those who don't.

You're thinking perhaps that "us on this forum" is limited to those who actively take part in discussion. When in fact there are zillions of pair of eyes watching these posts, many of them from persons who are not even registered here.

@Xalanx and gostwyck:

Over those who don't even read our posts, and are unaware of what's happening everyday in stock industry.

Anyway, it must be boring just reading without taking part, and they can read all they want but if they don't go out shooting photos, editing, keywording, uploading there's nothing they can do with all the information we are giving out

Unless they are agencies spying on us, which I'm sure it's happening all the time

Goodwill on a one-to-one basis probably won't hurt your business much or at all. Such as if one person helps you and you help them in return. But every tip you share is being broadcast to an almost unlimited amount of potential competitors.

Let's say that overnight suddenly the amount of contributors to all sites doubled. And they all are actively submitting hundreds of thousands of new images similar to yours. Do you really think this would have no affect on your business?

Like Elainthewise said once, if you don't teach, others will. You cannot ban the existence of schools, teachers and mentors, unless in some pretty naive mind. You cannot control what others do, all you can do is to make yourself better in skills, EQ and and business knowledge.

Why is Yuri doing better than all of us? Perhaps there is a lesson to be learned, not only his skills, but also how he approaches business. For those critical of him, are you sure you have never got any inspiration from him and benefits of his knowledge sharing?

And wasn't the above bolded statement made based on the fact that she is selling books and profiting from teaching others? Schools get paid. Teachers get paid. In some cases mentors get paid but they also fit into the one-on-one type of help. How exactly do you benefit from broadcasting the inner workings of your business to tens of thousands of potential competitors? And for free?

Why is Yuri doing better than most of us? You're kidding me, right? Pretty simple.  He submits highly sellable images in huge quantities at a reasonable price to as many distributions channels as possible. I doubt buyers flock to buy his images because of his charitable efforts toward contributors.

Lesson learned? Yes, my lesson learned is that Yuri is saying his sales are declining and that if I'm going to succeed in the long term I probably want to make sure I use a different business model with my own unique style.

Naive, huh? Spare me.

"Trust me most of those markets are already 'open'. Courtesy of Shutterstock's map, showing where your latest sales took place, I'm continually surprised how many of my sales occur in India, the Middle East and in South America."

I´d love to have a map like that on istock :-(. That must be very helpful in targeting customers.

"From my time in the Far East I would say we're unlikely to ever crack the market there. For starters even microstock prices would be considered expensive in most of the Far East."

Yes, but companies are the end customer, not the single user. Our images maybe to expensive YET for the small bakery, but not for any business in the growing Middle class. My own background is from the Middle east, not Asia and I am seeing a huge growth in Middle Class businesses. But to become fully involved in these markets you need staff on the ground and a local office. You can´t run it by remote from Canada. As for cheaper content - istock is en route to push several agencies with different price points. I wouldn´t be surprised if the cheaper agencies are being created with the emerging markets in mind.

 "Judging by the advertising you see they also have a preference for 'idealized' images that is simply off the scale compared to what we produce __ for example everyone has been 'whitened' to the point of being almost translucent. My guess is that their needs will eventually be met by their own agencies."

I don´t think it would difficult for microstockers to adapt to a new market. Besides, there will obviously many new artists joining from these markets who already know how to create that "look". And then we all copy them :-)

They just have to train the inspectors to accept overprocessed content...again, something JJ indicated when he said that some of their agencies would accept content at smaller sizes, even if there were too many artifacts for the normal istock collection.

The majority of sales would probably go to the local artists, nothing wrong with that. Just like US photographers will be best in creating "US style smiling" images.

"Interesting how dropping sales means new markets opening up to some "

Dropping sales mean that I worry that the sales and marketing team is not pushing hard enough for new customers. Most photographers seem to worry about dilution or Best Match. I am mostly interested in growth.

Dilution doesn´t worry me. The majority of images added have nothing to do with my own little subject niche. I don´t care how many sunsets or flowers or business images are being added every week. I only look at my own subjects. And the number of people creating high quality content is very small.

I think the concerns of Yuri who runs a large business with a lot of staff is very different from those of individual contributors. For us it is easier to carve out a niche specializing in "children and their pets ", "easy recipes for camping" or any other subject we choose.

The more specialized, the less competition you have.

But you still need the growth in customers. Maybe it is time to do more of our own advertising - keep active blogs about our favorite subject, become more active in non stock forums to interact with the community of potential buyers.

For Yuri this could mean more direct interaction with business customers, direct sales from his website, selling image Cd´s at trade shows or whatever else the agencies themselves do to attract buyers. Maybe even get a few exclusive contracts with companies so they only buy from him directly.  Part of the website could be hidden from public view so all of us lurkers can´t copy him. Or just hide "exclusive" images during the first 6 months...whatever...

But maybe he is already doing that.