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Author Topic: How many of you dropped your crown in 2011 and 2012?  (Read 14672 times)

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« on: May 14, 2012, 07:39 »
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Am I just the one asking this question? I'm feeling helpless with the sales trend and changes in iStock and wonder if I should just drop my crown too and start selling everywhere else. Maybe some of the members here could share their experience?


« Reply #1 on: May 14, 2012, 08:01 »
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Quite a few folk have already dropped their crowns and started threads like this one;

http://www.microstockgroup.com/general-stock-discussion/experiences-after-quitting-istock-exclusivity/

Good luck with it.

traveler1116

« Reply #2 on: May 14, 2012, 09:06 »
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I think it's hard to say without knowing anything about your portfolio.  You will most likely have a 75%+ drop in sales from iS which won't be balanced out by sales from the other sites for months.  Not sure how typical this is but I think dcdp dropped exclusivity and then just recently came back you can see what happened to earnings: http://www.istockphoto.com/forum_messages.php?threadid=65435&page=3450
« Last Edit: May 14, 2012, 09:13 by traveler1116 »

tab62

« Reply #3 on: May 14, 2012, 09:17 »
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okay, I am now curious on what a typical exclusive makes from IS? Is there a large percentage that make from say 60k to 200k range? I figure most folks that are making below $50k wouldn't mind dropping out of the exclusive to spread their pics to the other sites. I assume that IS paid the exclusives very handsomely until the last two years?

traveler1116

« Reply #4 on: May 14, 2012, 09:20 »
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okay, I am now curious on what a typical exclusive makes from IS? Is there a large percentage that make from say 60k to 200k range? I figure most folks that are making below $50k wouldn't mind dropping out of the exclusive to spread their pics to the other sites. I assume that IS paid the exclusives very handsomely until the last two years?

http://blog.microstockgroup.com/microstock-income-vs-portfolio-size/

I think there are a lot of exclusives that are exclusive precisely because they don't want their images spread over many sites, especially subscription sites.
« Last Edit: May 14, 2012, 09:22 by traveler1116 »

« Reply #5 on: May 14, 2012, 09:28 »
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okay, I am now curious on what a typical exclusive makes from IS? Is there a large percentage that make from say 60k to 200k range? I figure most folks that are making below $50k wouldn't mind dropping out of the exclusive to spread their pics to the other sites. I assume that IS paid the exclusives very handsomely until the last two years?

60k to 200k... per year or month?

« Reply #6 on: May 14, 2012, 10:03 »
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I would say that exclusivity is digging your own grave.
Simple.
If you get 5 times the earning as that of independants.

You get 5 times the lazier.

It will not take many years before you cannot compete anymore.
Its like those birds on islands, that cannot fly.

traveler1116

« Reply #7 on: May 14, 2012, 10:15 »
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I would say that exclusivity is digging your own grave.
Simple.
If you get 5 times the earning as that of independants.

You get 5 times the lazier.

It will not take many years before you cannot compete anymore.
Its like those birds on islands, that cannot fly.
That's an interesting argument.  Make more money work less or make less money and work more, if that's anywhere near true what path are you suggesting?

« Reply #8 on: May 14, 2012, 10:22 »
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Dunno 'bout the rest of you but earn more work less sounds pretty appealing  ;D

tab62

« Reply #9 on: May 14, 2012, 10:22 »
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$60,000 to $200,000 per year. I am sure there are some folks making $60k to $200k per month right Leaf?  ;D

« Reply #10 on: May 14, 2012, 10:27 »
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I would say that exclusivity is digging your own grave.
Simple.
If you get 5 times the earning as that of independants.

You get 5 times the lazier.

It will not take many years before you cannot compete anymore.
Its like those birds on islands, that cannot fly.
That's an interesting argument.  Make more money work less or make less money and work more, if that's anywhere near true what path are you suggesting?
I would say. It is wise to look after your own interests, and not mix them up with those of the agency.
I can only see one who benifits for exclusive content, and that is the agency, when it wants to sell the pool.

and yes of course the contributer, when he is in the nutured ground and protected.
when that ends, he has lost his wings like the dodo.
« Last Edit: May 14, 2012, 10:29 by JPSDK »

« Reply #11 on: May 14, 2012, 10:30 »
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$60,000 to $200,000 per year. I am sure there are some folks making $60k to $200k per month right Leaf?  ;D

Well, I was a junior in that group back in 2009-2010... not anymore :-(

« Reply #12 on: May 14, 2012, 10:31 »
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I would say that exclusivity is digging your own grave.
Simple.
If you get 5 times the earning as that of independants.

You get 5 times the lazier.

It will not take many years before you cannot compete anymore.
Its like those birds on islands, that cannot fly.

Now I couldn't agree more... but, OUCH!

« Reply #13 on: May 14, 2012, 10:34 »
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;-)

lisafx

« Reply #14 on: May 14, 2012, 12:07 »
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$60,000 to $200,000 per year. I am sure there are some folks making $60k to $200k per month right Leaf?  ;D

Well, I was a junior in that group back in 2009-2010... not anymore :-(

You were making over $60,000 a MONTH in 2009-2010?   :o

Unless your name is Yuri Arcurs (and he was never Istock exclusive) I am quite skeptical of what you're claiming. 

« Reply #15 on: May 14, 2012, 13:50 »
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Am I just the one asking this question? I'm feeling helpless with the sales trend and changes in iStock and wonder if I should just drop my crown too and start selling everywhere else. Maybe some of the members here could share their experience?

Tough question. I don't think iStock will ever be what it was again. That said, I don't think Shutterstock will ever be what iStock was either. I'd say go with your gut and what you think will be the best option for your future.

« Reply #16 on: May 14, 2012, 14:31 »
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Tough question. I don't think iStock will ever be what it was again. That said, I don't think Shutterstock will ever be what iStock was either. I'd say go with your gut and what you think will be the best option for your future.

Exactly. You have to look at your data and think where the money might be in two, three, four or more years from now. I can't see Istock ever recovering their lost ground either. They've ditched staff and new initiatives to save money and have now become H&F's cash cow, to be constantly milked harder and harder until it runs dry.

« Reply #17 on: May 14, 2012, 15:31 »
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For me personally, I am fairly certain that to drop the crown will mean a long term revenue decrease. However, I like to be in control of my own destiny, and feel there is huge value in that alone. There may come a point in time, where I can no longer withstand the emotional brutality. Regardless of revenue to be lost, that will be the day I remove my crown.

« Reply #18 on: May 14, 2012, 17:26 »
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For me personally, I am fairly certain that to drop the crown will mean a long term revenue decrease. However, I like to be in control of my own destiny, and feel there is huge value in that alone. There may come a point in time, where I can no longer withstand the emotional brutality. Regardless of revenue to be lost, that will be the day I remove my crown.

I think that there is no such thing as the "typical exclusive" mentioned a few posts back.

There's a large number of contributors who don't have very large portfolios, don't submit a lot and whose sales got them over the hurdle to be exclusive but not much more. It's essentially a hobby.

Then there are a small number of very active exclusives with large portfolios, some of whom do stock full time, and who aim to have shots in the Vetta/Agency collection and on Getty. We've never had any data from iStock, but from DT (in the past, before they took away the stats that gave access to this) a huge portion of the total sales on the site came from a very small percentage of the contributors. I'm assuming the same is true for this small group of active & successful exclusives.

Then there's what I used to be part of - the iStock middle class. Successful, but not a star; active but part time. Sales are solid and regular (or they were before H&F started looting and pillaging).

I dropped my crown in June 2011 because I'd seen things decline for me - 2010 was a wonderful year for me and I was looking at 2011 go downhill with the anticipation of further declines. So I was looking at not only spreading the risk but taking the income hit sooner rather than later so I could work on rebuilding my presence on other sites. Even though I knew my income would drop as an independent, that was contrasted with drops instead of growth as an exclusive, so it made the medicine a little easier to take.

I should also mention that I'm married and my husband's income means that even if my stock income went to zero overnight, my kids would still eat, so it made the decision to leave easier for me than for those earning a full time income from iStock.

« Reply #19 on: May 14, 2012, 18:12 »
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I have been full time since 2007, and my revenue is 99% from istock alone. That is why I have gritted my teeth for this long.  But, there may come a time when I simply cannot do it any longer.

« Reply #20 on: May 14, 2012, 20:03 »
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I have been full time since 2007, and my revenue is 99% from istock alone. That is why I have gritted my teeth for this long.  But, there may come a time when I simply cannot do it any longer.

I never quite know how to feel about such cases. I want to feel sympathetic but at the same time I blame exclusives for their ridiculous and undeserved loyalty by which they essentially engineered Istock to feel empowered enough to screw us all.

The sooner they take their medicine, accept the short-term hit to their earnings and move on to become independent contributors the better for all of us.

« Reply #21 on: May 14, 2012, 21:53 »
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I have been full time since 2007, and my revenue is 99% from istock alone. That is why I have gritted my teeth for this long.  But, there may come a time when I simply cannot do it any longer.

I never quite know how to feel about such cases. I want to feel sympathetic but at the same time I blame exclusives for their ridiculous and undeserved loyalty by which they essentially engineered Istock to feel empowered enough to screw us all...

I honestly think that's unfair. iStock is fully responsible for its own shameful behavior. And even as an independent, I'm dependent upon them in an amount relative to my earnings there (which have taken quite an upswing in the last couple of months). Right now I'd have to walk away from about 45% of my monthly earnings if I dropped them (in January they were at about 25%)

One could possibly also argue that it was financial success, not loyal contributors, that was the primary enabler of their actions - if the business were not successful, loyal exclusives or no, this naked greed would not have surfaced either.

Bottom line is that although it's harder to give up 100% of your income than 45%, you're over a barrel because of financial success, not loyal exclusives.

« Reply #22 on: May 15, 2012, 03:27 »
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$60,000 to $200,000 per year. I am sure there are some folks making $60k to $200k per month right Leaf?  ;D

Well, I was a junior in that group back in 2009-2010... not anymore :-(

You were making over $60,000 a MONTH in 2009-2010?   :o

Unless your name is Yuri Arcurs (and he was never Istock exclusive) I am quite skeptical of what you're claiming. 

I mean per year

« Reply #23 on: May 15, 2012, 03:41 »
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I would say that exclusivity is digging your own grave.
Simple.
If you get 5 times the earning as that of independants.

You get 5 times the lazier.

It will not take many years before you cannot compete anymore.
Its like those birds on islands, that cannot fly.

Rubbish. You lose most of your iStock income by dropping the crown and have to work much harder to upload and keyword on at least half-a-dozen other sites to hope that you've recovered what you've lost.

I also find it bizarre that anyone would think that if you are earning, say, $48,000 a year on iStock you will be unhappy and will want to gamble away maybe $30,000 of that in the hope that maybe you will get it back from other sites. Risking three or four thousand dollars is one thing, but tens of thousands?

« Reply #24 on: May 15, 2012, 07:13 »
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I have been full time since 2007, and my revenue is 99% from istock alone. That is why I have gritted my teeth for this long.  But, there may come a time when I simply cannot do it any longer.

I never quite know how to feel about such cases. I want to feel sympathetic but at the same time I blame exclusives for their ridiculous and undeserved loyalty by which they essentially engineered Istock to feel empowered enough to screw us all.

The sooner they take their medicine, accept the short-term hit to their earnings and move on to become independent contributors the better for all of us.

That's a humorous outlook... :D   I'm not sure I disagree today. Although back when I first became exclusive in 2004 or 2005, they did deserve my loyalty. It was a mutually beneficial partnership.

« Reply #25 on: May 15, 2012, 08:42 »
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I have been full time since 2007, and my revenue is 99% from istock alone. That is why I have gritted my teeth for this long.  But, there may come a time when I simply cannot do it any longer.

For me, it is not a loyalty but a financial affair. The truth must be told just by numbers. And getting away from this 99% you quote, I've opened roads to another prohotographic works. Not microstock, not RF, not even much RM. One day will arrive where the entire stock industry will feel the weight of overproduction, and its consquences won't be suffered at this or at this another one agency, but on the whole sector. If you just do RF, you have all your eggs in the same basket, no matter if your are just at one or at one hundred sites.  

« Reply #26 on: May 15, 2012, 09:16 »
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I have been full time since 2007, and my revenue is 99% from istock alone. That is why I have gritted my teeth for this long.  But, there may come a time when I simply cannot do it any longer.

For me, it is not a loyalty but a financial affair. The truth must be told just by numbers. And getting away from this 99% you quote, I've opened roads to another prohotographic works. Not microstock, not RF, not even much RM. One day will arrive where the entire stock industry will feel the weight of overproduction, and its consquences won't be suffered at this or at this another one agency, but on the whole sector. If you just do RF, you have all your eggs in the same basket, no matter if your are just at one or at one hundred sites.  

I think the emotional loyalty was gone for most of us when Bruce left, or shortly thereafter. It is most definitely a financial tie now.

But, now there is an issue of respect for those who produce the sellable product. There are many professions where people sacrifice respect for money, namely the oldest one. With each rule change, or administrative change at istock, I assess how much respect remains.

Self-esteem has taken a beating over the last 2 years. At this critical point, I see potential for respect to be completely diminished, or for a small turn around. But either way, I am on high alert, and will remove my crown if all respect for me and what I contribute is gone.

« Reply #27 on: May 15, 2012, 09:31 »
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I have been full time since 2007, and my revenue is 99% from istock alone. That is why I have gritted my teeth for this long.  But, there may come a time when I simply cannot do it any longer.

For me, it is not a loyalty but a financial affair. The truth must be told just by numbers. And getting away from this 99% you quote, I've opened roads to another prohotographic works. Not microstock, not RF, not even much RM. One day will arrive where the entire stock industry will feel the weight of overproduction, and its consquences won't be suffered at this or at this another one agency, but on the whole sector. If you just do RF, you have all your eggs in the same basket, no matter if your are just at one or at one hundred sites.  

I think the emotional loyalty was gone for most of us when Bruce left, or shortly thereafter. It is most definitely a financial tie now.

But, now there is an issue of respect for those who produce the sellable product. There are many professions where people sacrifice respect for money, namely the oldest one. With each rule change, or administrative change at istock, I assess how much respect remains.

Self-esteem has taken a beating over the last 2 years. At this critical point, I see potential for respect to be completely diminished, or for a small turn around. But either way, I am on high alert, and will remove my crown if all respect for me and what I contribute is gone.

I understand this. Trouble is that we had lots of respect in the begginings and we are quite spoiled and more sensitive to certain things.

lisafx

« Reply #28 on: May 15, 2012, 09:44 »
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I think the emotional loyalty was gone for most of us when Bruce left, or shortly thereafter. It is most definitely a financial tie now.

But, now there is an issue of respect for those who produce the sellable product. There are many professions where people sacrifice respect for money, namely the oldest one. With each rule change, or administrative change at istock, I assess how much respect remains.

Self-esteem has taken a beating over the last 2 years. At this critical point, I see potential for respect to be completely diminished, or for a small turn around. But either way, I am on high alert, and will remove my crown if all respect for me and what I contribute is gone.

I can completely relate to what you're saying Jani.  Exclusive, or independent, I think it is the same in this aspect.  Several major sites seem to have lost respect for contributors.  We have all taken a beating in the self-esteem dept.  Yet we continue to contribute because we have grown accustomed to the money, and many of us rely on it to pay our bills.  

This loyalty thing, and loss of it, is not limited to Istock exclusives.  I used to love doing this.  Couldn't believe I actually got paid for doing something that was such fun!  Now, due to the the actions of a number of top agencies, it is no longer fun.  It's just a job.  Just work.  Such a shame....
« Last Edit: May 15, 2012, 10:10 by lisafx »

« Reply #29 on: May 15, 2012, 12:21 »
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I have been full time since 2007, and my revenue is 99% from istock alone. That is why I have gritted my teeth for this long.  But, there may come a time when I simply cannot do it any longer.

For me, it is not a loyalty but a financial affair. The truth must be told just by numbers. And getting away from this 99% you quote, I've opened roads to another prohotographic works. Not microstock, not RF, not even much RM. One day will arrive where the entire stock industry will feel the weight of overproduction, and its consquences won't be suffered at this or at this another one agency, but on the whole sector. If you just do RF, you have all your eggs in the same basket, no matter if your are just at one or at one hundred sites.  

I think the emotional loyalty was gone for most of us when Bruce left, or shortly thereafter. It is most definitely a financial tie now.

But, now there is an issue of respect for those who produce the sellable product. There are many professions where people sacrifice respect for money, namely the oldest one. With each rule change, or administrative change at istock, I assess how much respect remains.

Self-esteem has taken a beating over the last 2 years. At this critical point, I see potential for respect to be completely diminished, or for a small turn around. But either way, I am on high alert, and will remove my crown if all respect for me and what I contribute is gone.

totally agree.  this is one of the biggest reasons why I dropped the crown. the other reason being the financial one where my commission was dramatically slashed with the redeemed credit program.

« Reply #30 on: May 15, 2012, 15:40 »
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...  We have all taken a beating in the self-esteem dept.  Yet we continue to contribute because we have grown accustomed to the money, and many of us rely on it to pay our bills.  

This loyalty thing, and loss of it, is not limited to Istock exclusives.  I used to love doing this.  Couldn't believe I actually got paid for doing something that was such fun!  Now, due to the the actions of a number of top agencies, it is no longer fun.  It's just a job.  Just work.  Such a shame....

Yes, I definitely rely on my royalties to pay my bills. And any dramatic change will create real difficulty. But feeling helpless to change a psuedo-abusive relationship is a real issue -- one I cannot tolerate forever. I've got to get my mind around it, and make some positive changes, whatever they may be.

« Reply #31 on: May 17, 2012, 08:16 »
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I dropped  almost two ohms ago. Financial disaster for now. I am seeing if I can pickup with DP, SS and FT. If it doesn't really work I can always go back to exclusive after 3 months, after removing all the images from other sites. Three months is a good amount of time to evaluate other opportunities. I just hope that if I decide to go back to exclusive, my sales will go back to what they used to be.

« Reply #32 on: May 17, 2012, 12:59 »
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... Three months is a good amount of time to evaluate other opportunities. ...

I don't agree. I think you need to give it 1 year - 6 months at the barest minimum. In the case of DT, your files need to climb the levels to make you more money. In the case of SS, you need to move up from the minimum payout (I had a bit of a boost there in that I was an indie from 2004 - 2008 and kept my old account at SS).

« Reply #33 on: May 17, 2012, 13:45 »
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I don't know how long it is a fair amount of time to assess, but Jsnover, the earning power of IS is a lot better than it was when you dropped your crown. Some people shared their experience in this thread (almost at the bottom of the page) recently:

http://www.istockphoto.com/forum_messages.php?threadid=65435&page=3458

lisafx

« Reply #34 on: May 17, 2012, 15:10 »
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I don't know how long it is a fair amount of time to assess, but Jsnover, the earning power of IS is a lot better than it was when you dropped your crown. Some people shared their experience in this thread (almost at the bottom of the page) recently:

http://www.istockphoto.com/forum_messages.php?threadid=65435&page=3458


And then some of the same people complaining on the next page that they are having no downloads at all, or very few "like a Sunday".  Regardless of what prices have been pushed to, if they aren't selling, you aren't making money.  Zero sales on an E+ makes you exactly the same as zero sales on a subscription...

« Reply #35 on: May 17, 2012, 15:35 »
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And then some of the same people complaining on the next page that they are having no downloads at all, or very few "like a Sunday".  Regardless of what prices have been pushed to, if they aren't selling, you aren't making money.  Zero sales on an E+ makes you exactly the same as zero sales on a subscription...

Hmmm. Didn't see too many Diamond+ contributors whooping for joy on the 'April Stats' thread. Quite the reverse.

What's most significant for me is the trend. On my data Shutterstock has literally adhered to a straight-line graph of growth for the last 7 years with no sign of slowing. IS, on the other hand, peaked in March 2010 and has been in decline, seasonally adjusted, ever since.

I do however think that IS has still got plenty of mileage for exclusives, especially with the numerous price rises, so no need for most to jump ship any time soon. If the situation there does deteriorate significantly then the management will surely be forced to change their strategy. It'll be interesting to see how they handle the 'RC target' fiasco this year and when they dare do it.

traveler1116

« Reply #36 on: May 17, 2012, 15:38 »
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Regardless of what prices have been pushed to, if they aren't selling, you aren't making money.  Zero sales on an E+ makes you exactly the same as zero sales on a subscription...
But then again one sale in E+ is equal 120 sub sales...

lisafx

« Reply #37 on: May 17, 2012, 18:05 »
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Regardless of what prices have been pushed to, if they aren't selling, you aren't making money.  Zero sales on an E+ makes you exactly the same as zero sales on a subscription...
But then again one sale in E+ is equal 120 sub sales...

Fair point.  Still the downward trend in downloads would concern me.  If I were exclusive, I probably wouldn't be pulling the plug over it yet, assuming my overall earnings weren't badly affected.  But I would be watching it closely. 

« Reply #38 on: May 17, 2012, 18:22 »
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There are people working around the issue of exclusivity. Some photographers produce images under different names and companies, so they are exclusive in one place, but they also have other images under a different company or name, and exclusive. In fact I don't think anything would stop a contributor from selling content to some other contributors. At this point I think it makes more sense to offer exclusivity to a single image, instead of contributors.

ShadySue

  • There is a crack in everything
« Reply #39 on: May 17, 2012, 19:32 »
0
There are people working around the issue of exclusivity. Some photographers produce images under different names and companies, so they are exclusive in one place, but they also have other images under a different company or name, and exclusive. In fact I don't think anything would stop a contributor from selling content to some other contributors. At this point I think it makes more sense to offer exclusivity to a single image, instead of contributors.
It would, but it would lead to all sorts of problems with what constitutes similar or sister images.

« Reply #40 on: May 17, 2012, 23:44 »
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I don't know how long it is a fair amount of time to assess, but Jsnover, the earning power of IS is a lot better than it was when you dropped your crown. Some people shared their experience in this thread (almost at the bottom of the page) recently:

http://www.istockphoto.com/forum_messages.php?threadid=65435&page=3458


And then some of the same people complaining on the next page that they are having no downloads at all, or very few "like a Sunday".  Regardless of what prices have been pushed to, if they aren't selling, you aren't making money.  Zero sales on an E+ makes you exactly the same as zero sales on a subscription...


I am sure anyone will drop the crown if the lack of downloads hurts the bottom line. Here we see some people dropped the crown for a short period and then pick it up again.

« Reply #41 on: May 17, 2012, 23:45 »
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There are people working around the issue of exclusivity. Some photographers produce images under different names and companies, so they are exclusive in one place, but they also have other images under a different company or name, and exclusive. In fact I don't think anything would stop a contributor from selling content to some other contributors. At this point I think it makes more sense to offer exclusivity to a single image, instead of contributors.

Well, that is cheating. If they are caught, I am sure there are consequences.

ShadySue

  • There is a crack in everything
« Reply #42 on: May 18, 2012, 05:09 »
0
I don't know how long it is a fair amount of time to assess, but Jsnover, the earning power of IS is a lot better than it was when you dropped your crown. Some people shared their experience in this thread (almost at the bottom of the page) recently:

http://www.istockphoto.com/forum_messages.php?threadid=65435&page=3458


And then some of the same people complaining on the next page that they are having no downloads at all, or very few "like a Sunday".  Regardless of what prices have been pushed to, if they aren't selling, you aren't making money.  Zero sales on an E+ makes you exactly the same as zero sales on a subscription...


I am sure anyone will drop the crown if the lack of downloads hurts the bottom line. Here we see some people dropped the crown for a short period and then pick it up again.


It could be argued that they didn't give it long enough. You would't expect to achieve stellar sales on iStock in 3 or 6 months unless you were 'fast tracked' to exclusivity like that 'puppies in the laundry' artist. There is a difference in that you can apparently put as many pics as you like onto most other agencies all at once, whereas no matter how good you are, you're stuck with a weekly upload limit at iStock. Still, three months isn't enough.

« Reply #43 on: May 18, 2012, 17:50 »
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I loved IS exclusivity until they made their big September 2011 changes. I made almost as much exclusively with IS as I did independently with several sites. It was a small decrease in revenue, but a huge decrease in uploading time. I never would have left exclusivity had they not insulted us repeatedly. But it was a good lesson. You are lending too much trust to one entity when you are exclusive.


 

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