I hope somebody can help me out with this decision.
I was a huge cheerleader for Shutterstock footage when it started up. I uploaded video there only, mainly, because of their higher prices and royalties. I began to develop a small, but specialized gallery of timelapse clips and editorial sports footage. Sales started coming in. Just a few at first, then, regularly. Soon, SS Footage was bringing in a steady $100 - $150 per month! Not a lot for some, but for me it was huge.
Then it happened:
"Dear Submitters,
We wanted to give you advanced notice that on Dec 26th, 2007 we will be lowering our footage prices. ..."
Merry Christmas!
$60 in Jan.
$0 so far in Feb.
The change inspired me to begin submitting to Pond5 and iStock.
P5 brings in the occasional sale, their 50% commission helps make those few sales more meaningful. $90 in Jan.
iStock took a while to begin approving clips. After waiting over a month in queue, they have approved all of my TL clips.
And they are selling! I think I'm averaging $15 to $20 per weekday!
Now comes the hard part. Do I go exclusive at iStock (for video only)?
Pros:
-Uploading 500MB clips is a real pain. It would be nice to deal with just one site.
-Once I reach Silver (closing in on bronze now) commissions will exceed those at SS.
-Improved "Best Match" placement and other marketing may improve sales making silver come sooner.
-I actually get sales at iStock!
Cons:
-Loss of P5 sales
-SS may improve???
-iStock does not accpet editorial footage. From my reading of their exclusivity agreement, I believe I would need to find a RM site to market those clips. This may not be worth the effort. They don't sell too often , though. At SS before the price change, if they sold one a month it would be significant ... not anymore.
-StockXpert foottage will be starting soon. (another unknown)
Over the next few months, I plan to produce a record (for me) number of TL clips. I'd like to make this decision soon. If i do go exclusive, I may be able to disable or "opt-out" my clips at SS, I will have to delete all clips at P5, and I can terminate exclusivity at iStock with 30 days notice if things aren't working out.
Can anybody help me get a handle on this? Any suggetions?
Here are links to my portfolios at:
iStock Shutterstock and
Pond5Thanks to anyone who can offer some advice.
-Nick