pancakes

MicrostockGroup Sponsors


Author Topic: Yuri Arcurs - Something big will happen on the 3 of May!  (Read 71269 times)

0 Members and 1 Guest are viewing this topic.

rubyroo

« Reply #150 on: May 01, 2012, 08:15 »
0
As featured in: http://www.psdisasters.com/2011/10/fotolia-psd-for-sale.html


I don't understand what this is... the result of a competition or something? 

There seem to be no reflections for the people at the front.


ShadySue

  • There is a crack in everything
« Reply #151 on: May 01, 2012, 08:47 »
0
As featured in: http://www.psdisasters.com/2011/10/fotolia-psd-for-sale.html


I don't understand what this is... the result of a competition or something? 

There seem to be no reflections for the people at the front.

That's why it's a PhotoShop Disaster. (the clue's in the domain name).

rubyroo

« Reply #152 on: May 01, 2012, 08:52 »
0
Oh!  Oops!   :D

RacePhoto

« Reply #153 on: May 01, 2012, 11:13 »
0

I can't see it making them do anything at all. All Yuri has done is make a site to sell his photos directly (note the "cutting out the middleman" line in the press release, that does not mean "becoming a middleman", for all those who dream of selling on his website).
 

And yes on the rest, but this was the main point that needed to be reinforced.

He's got the name recognition, buyers know what he sells, if they need that, they know where to go. It's not too complicated. Direct marketing, he makes a nice chunk of the money instead of 20% and down. Nice work, best wishes, I bet it's a success.

And yes also to the point that he has a huge collection, so no lack of subjects or images. Specialty agency for what people want the most. Makes perfect sense.

« Reply #154 on: May 01, 2012, 14:18 »
0
I do hope it's a success for him and I do have some hope that it might bring some changes to the industry in the long term.

I do understand his motivation to set up his own shop. You only need to do some back of the envelope calculations to see what amount of money is at stake.

If we believe the "one image sold per 8 seconds", that results in roughly 10.000 images sold per day. Now doing a very conservative guess, the average sales price (total price, not his cut) of those images is maybe 4$ (including subs, but also including ELs and XXLs). Next assumption: his overall average commission may be as high as 40%.

Taking these numbers, he pays around 24.000 $ to stock agencies every single day.
That makes almost one million US dollars per year. Reality may be (average price higher, average commission lower) even a lot more.

Motivation enough to give it a try... Every percent of buyer budget he is able to move from other agencies to his own (only accounting for people buying his images at his site instead of elsewhere) would bring him around 10.000$ a year. Any new business or any business he may take away from other photographers is additional upside potential.

Obviously that is not without risk (e.g. agencies throwing him out), but that's what business is about: risk and return.

It will certainly be interesting to watch...

« Reply #155 on: May 01, 2012, 14:31 »
0
^^^ your math is all wrong.

« Reply #156 on: May 01, 2012, 14:32 »
0
Taking these numbers, he pays around 24.000 $ to stock agencies every single day.
That makes almost one million US dollars per year. Reality may be (average price higher, average commission lower) even a lot more.

There's definitely a lot of money left on the table. I like to joke that I run a 100K a year business that makes me 20K. Then I realize it's true and stop laughing.  :(

« Reply #157 on: May 01, 2012, 14:40 »
0
^^^ your math is all wrong.

Are you going to say why or give us the correct 'math' perchance? No? Thought not.

I thought Dirkr's post was interesting and well thought out. Obviously the numbers are estimated but there's no doubt that 'cutting out the middleman' has huge potential for Yuri and probably only he has the scale of operation and the brand to take advantage.

« Reply #158 on: May 01, 2012, 14:48 »
0
Any new business or any business he may take away from other photographers is additional upside potential.

Obviously that is not without risk (e.g. agencies throwing him out), but that's what business is about: risk and return.

I think they would prefer to keep taking the money they earn from him than throw him out.

edit: Albeit a lesser amount if he manages to take some of their market.
« Last Edit: May 01, 2012, 14:58 by Microstock Posts »

« Reply #159 on: May 01, 2012, 16:14 »
0
^^^ your math is all wrong.

Are you going to say why or give us the correct 'math' perchance? No? Thought not.

I thought Dirkr's post was interesting and well thought out. Obviously the numbers are estimated but there's no doubt that 'cutting out the middleman' has huge potential for Yuri and probably only he has the scale of operation and the brand to take advantage.

exactly, if there isn't anything to add just dont post.. I also think that dirkr post was/is interesting and even if not that accurate it shows how much money he is losing, all of us actually.. we certainly will never know his RPD, I believe a while ago he posted here saying his RPI (which I think he uses monthly) was close to the 5$ or was it the cost per picture? if he has a RPI of 5$ it means 275k $ from a 55k portfolio

« Reply #160 on: May 01, 2012, 16:23 »
0
^^^ your math is all wrong.

Are you going to say why or give us the correct 'math' perchance? No? Thought not.

I thought Dirkr's post was interesting and well thought out. Obviously the numbers are estimated but there's no doubt that 'cutting out the middleman' has huge potential for Yuri and probably only he has the scale of operation and the brand to take advantage.

Yup, the figures could be 50% out in either direction, but it is still a hell of an incentive to try to claw back a proportion of that commission.

As I said earlier, I don't believe anyone else has the corporate presence to have a chance of pulling off this trick and making it pay, but Yuri does. But if it turns the sites against him it could still go horribly wrong (maybe he has already cleared it with them).

« Reply #161 on: May 01, 2012, 16:25 »
0
^^^ your math is all wrong.

If you know better, help me out  ;)

Obviously the numbers I put in for sales value and commission percentage are only wild guesses, but the conclusion is the same: Yuri for sure is paying a fortune to agencies to market and sell his images.
And the more they take the more attractive it gets for him to try to "cut out the middleman"...

« Reply #162 on: May 01, 2012, 17:54 »
0
As I said earlier, I don't believe anyone else has the corporate presence to have a chance of pulling off this trick and making it pay, but Yuri does.

What's the trick? Anyone can open their own site, sell their images and make a profit. It's a pretty low bar to entry.

« Reply #163 on: May 01, 2012, 18:11 »
0
i dont think ANY site will kick him out - if yuris making a crapload  of $ -  then the bigger portion of it is going to the agency, month after month. No one is going to throw away guaranteed  income unless the the advantage is in their favour.

So, in the end , the agancys will still benefit from having his port to sell, and Yuri will make even better with what he sells at the agencies + his own site ..

CHAAA CHIIINGGGG!!!!

« Reply #164 on: May 01, 2012, 18:19 »
0
^^^ your math is all wrong.

Are you going to say why or give us the correct 'math' perchance? No? Thought not.

I thought Dirkr's post was interesting and well thought out. Obviously the numbers are estimated but there's no doubt that 'cutting out the middleman' has huge potential for Yuri and probably only he has the scale of operation and the brand to take advantage.

Yup, the figures could be 50% out in either direction, but it is still a hell of an incentive to try to claw back a proportion of that commission.

As I said earlier, I don't believe anyone else has the corporate presence to have a chance of pulling off this trick and making it pay, but Yuri does. But if it turns the sites against him it could still go horribly wrong (maybe he has already cleared it with them).

I believe that it may only happen if he opens it for contributors, if not, its just his website, it shouldnt affect I guess but agencies we actually never know..

« Reply #165 on: May 01, 2012, 18:40 »
0
I would try and help with the math but I am way to drunk for that now :)
I do agree with the conclusion though, with out a doubt it makes perfect sense in opening your own shop with such a large port.
I do doubt that it will hurt any of the big boys. One can not compete his 70K port with 10M+ port.
Add to the fact that his photos are what Sean calls a "one trick poney"

gillian vann

  • *Gillian*
« Reply #166 on: May 01, 2012, 18:49 »
0
He won't have to worry about overheads such as paying highly qualified reviewers...... he already has staff so he can redirect a few of them into marketing and site maintenance. The bigger question is: will he undercut the others to gain new business?  Will that drive prices down?


« Reply #167 on: May 01, 2012, 20:01 »
0
I doont think he will impact the cost side for microstock- although his portfolio is huge for AN INDIVIDUAL, it is small potatoes compared to the MILLIONS of photos the agencies have to offer to customers - plus, as someone mentioned, many of his images are redundant i.e. business people , so the choice of variety that customers need is severly restricted in his port

rinderart

« Reply #168 on: May 01, 2012, 20:06 »
0
I doont think he will impact the cost side for microstock- although his portfolio is huge for AN INDIVIDUAL, it is small potatoes compared to the MILLIONS of photos the agencies have to offer to customers - plus, as someone mentioned, many of his images are redundant i.e. business people , so the choice of variety that customers need is severly restricted in his port

Agree.

WarrenPrice

« Reply #169 on: May 01, 2012, 20:50 »
0
Maybe he will buy into the SS IPO

« Reply #170 on: May 01, 2012, 22:12 »
0
I remember when Monkey Business Images was running her own site.  She even picked off some non-exclusives and created her own agency.  She now directs people to the four majors when you go to her website.  Wonder why??
Wasn't Yuri pushing "Crestock" for a while.  It didn't seem to help. 

« Reply #171 on: May 01, 2012, 23:17 »
0

I believe that it may only happen if he opens it for contributors, if not, its just his website, it shouldnt affect I guess but agencies we actually never know..

While do you think he started his boot camp? His entourage will do the work, and it will likely be exclusive content directed by him. It will be an agency, just not with the usual known suspects.

lagereek

« Reply #172 on: May 02, 2012, 00:39 »
0
Good luck to Yuri!  he deserves it!  actually, I feel quite proud to be Swedish right now, well?  at least Im his neighbour. :)

Microbius

« Reply #173 on: May 02, 2012, 00:58 »
0
Well done to those who successfully predicted this when the photographer competition he was running was announced all those months ago. I think the big price tag takes into account all that stuff done to build a big collection for the site.

Personally I wish him the best of luck and hope that he can make it work. Always good when the content creator can find a way to get a bigger cut than the middlemen.

« Reply #174 on: May 02, 2012, 02:11 »
0
As I said earlier, I don't believe anyone else has the corporate presence to have a chance of pulling off this trick and making it pay, but Yuri does.

What's the trick? Anyone can open their own site, sell their images and make a profit. It's a pretty low bar to entry.

The trick is having tens of thousands of images, a huge reputation and outstanding marketing skills so your site perceived as offering a significant alternative to purchasing through an agency. It's not quite the same as you or me selling directly and pulling in a few dozen dollars a year.

BTW, I must compliment him on the way he watermarks his images. The agencies could learn a lesson from that.


 

Related Topics

  Subject / Started by Replies Last post
29 Replies
18886 Views
Last post August 07, 2018, 13:05
by Pauws99
13 Replies
13468 Views
Last post October 08, 2020, 10:40
by Uncle Pete
59 Replies
14013 Views
Last post November 29, 2022, 06:40
by falantus
5 Replies
3001 Views
Last post March 29, 2022, 19:19
by OM
22 Replies
3198 Views
Last post January 30, 2024, 09:58
by SuperPhoto

Sponsors

Mega Bundle of 5,900+ Professional Lightroom Presets

Microstock Poll Results

Sponsors