Microstock has generally affected my life positively:
1. If it weren't for microstock, I wouldn't have managed to survive the economic crisis so far - having to rely on photography for my income. Assigned work almost came to a standstill early 2009, but growth in my (micro)stock sales (yes - growth in income) made up for that decline for a large part.
2. Sales stats of various different images from various stock shoots are a great tell tale of the ever changing trends, fashion and styles in demand, which helps me target my assigned customers better.
3. The freedom of organising what to shoot next in stock allows me to try out new things, and the sales stats are - again - a functional tell tale to keep me on the right (commercial) track.
4. Meeting the increasing quality demands (also the "too similar" issue) helps me to remain sharp and not let image quality slack.
5. Treating Microstock as a huge playground and being able to shoot what I decide to shoot (whereas that luxury rarely exist in my commissioned work) provides me with a great outlet to blow off steam and frustration.
6. Treating Microstock as a huge learning school: The low revenues per sale helps me to plan shoots more effectively, which pays off big time for commissioned gigs. In addition to the above mentioned, it gains me much more experience and routine in setting up bigger productions.
On the downside:
1. I feel shooting generic stuff, worrying about image quality, copyright issues and sales potentials for stock, limited (and still limits) the enjoyment I used to get out of my non-assigned work prior to 2006. This in turn, feels like its limiting my ability to shoot "creatively". All quite ambiguous and subjective, of course.
2. With assigned work picking up again, and feeling the urge to maintain the stock-production pace I had during slow times, It's becoming a challenge to supply each customer equally well, and keeping focus on the primary business drivers of both fields of photography. A temporary luxury problem.
Bottom line: The decision to split my business focus into two, thus spreading the risks, worked out well for me. It's how I intend to continue, at least this year: The lion share of my income will (remain to) be assigned work, and (micro)stock will continue to fulfill its function as a "safety net" when needed, and provide a fine additional income.
Out of curiosity:
I'm actually more professionally useful to the real world should I need a job out there again.
Can you elaborate on that?