Author Topic: iStock changing royalty structure (Read 351077 times)

lagereek · « **Reply #1075 on:** October 03, 2010, 12:22 »

Quote from: Anyka on October 03, 2010, 12:00

I just became a diamond contributor at Istock (a few minutes ago).
I knew this would happen somewhere in Autumn, and I was looking forward to this milestone for months.
Now why am I not celebrating

Well you should be celebrating!! I did when I turned Diamond and being independant and turn Diamond, man! thats tough indeed.

Sadstock · « **Reply #1076 on:** October 03, 2010, 13:17 »

Quote from: Anyka on October 03, 2010, 12:00

I just became a diamond contributor at Istock (a few minutes ago).
I knew this would happen somewhere in Autumn, and I was looking forward to this milestone for months.
Now why am I not celebrating

-------------

I turned diamond not too long ago and I at least had the opportunity to celebrate before the rug was pulled out.

Its still a great accomplishment and I hope you can enjoy it some.

cathyslife · « **Reply #1077 on:** October 03, 2010, 14:03 »

Quote from: Anyka on October 03, 2010, 12:00

I just became a diamond contributor at Istock (a few minutes ago).
I knew this would happen somewhere in Autumn, and I was looking forward to this milestone for months.
Now why am I not celebrating

Congratulations! I am happy for you (even though Getty could give a rat's ass) because I know how much work it must take to get to that milestone.

lisafx · « **Reply #1078 on:** October 03, 2010, 14:28 »

Quote from: Anyka on October 03, 2010, 12:00

I just became a diamond contributor at Istock (a few minutes ago).
I knew this would happen somewhere in Autumn, and I was looking forward to this milestone for months.
Now why am I not celebrating

I agree with Cathy. It's still a big personal achievement. You can be very proud! Sorry there won't be a raise in pay with it though...

Anyka · « **Reply #1079 on:** October 03, 2010, 15:09 »

Thanks for the congrats!
I think I'll give myself a cake with 17 candles, one for each percent of next year's royalties

rubyroo · « **Reply #1080 on:** October 03, 2010, 15:51 »

Yeah!

Good for you Anyka. Don't let anything sour your great achievement!

BaldricksTrousers · « **Reply #1081 on:** October 03, 2010, 17:00 »

Quote from: Anyka on October 03, 2010, 12:00

I just became a diamond contributor at Istock (a few minutes ago).
I knew this would happen somewhere in Autumn, and I was looking forward to this milestone for months.
Now why am I not celebrating

errr .... because you still get 20% regardless?

cathyslife · « **Reply #1082 on:** October 03, 2010, 17:17 »

Quote from: Anyka on October 03, 2010, 15:09

Thanks for the congrats!
I think I'll give myself a cake with 17 candles, one for each percent of next year's royalties

There you go, that's looking on the bright side!

(not really) $:-\$

rubyroo · « **Reply #1083 on:** October 03, 2010, 17:57 »

Oh... I didn't read that correctly at all. Sorry

ShadySue · « **Reply #1084 on:** October 03, 2010, 17:58 »

Just noticed the inspection queue is over 79000, the biggest I've ever seen it.
Wonder if the inspectors are tied up with getting to grips with Agency requirements or on a go-slow as a protest against the changing royalty structure. Or maybe they're just all on holiday. Don't remember ever seeing the queue that big.

donding · « **Reply #1085 on:** October 03, 2010, 18:00 »

Quote from: ShadySue on October 03, 2010, 17:58

Just noticed the inspection queue is over 79000, the biggest I've ever seen it.
Wonder if the inspectors are tied up with getting to grips with Agency requirements or on a go-slow as a protest against the changing royalty structure. Or maybe they're just all on holiday. Don't remember ever seeing the queue that big.

Maybe they all quit....

NancyCWalker · « **Reply #1086 on:** October 03, 2010, 18:52 »

Quote from: BaldricksTrousers on October 03, 2010, 17:00

Quote from: Anyka on October 03, 2010, 12:00

I just became a diamond contributor at Istock (a few minutes ago).
I knew this would happen somewhere in Autumn, and I was looking forward to this milestone for months.
Now why am I not celebrating

errr .... because you still get 20% regardless?

Nope. If you don't make 1.4 million in RC's then you drop below 20%

donding · « **Reply #1087 on:** October 03, 2010, 18:55 »

Quote from: azurelaroux on October 03, 2010, 18:52

Quote from: BaldricksTrousers on October 03, 2010, 17:00
Quote from: Anyka on October 03, 2010, 12:00

I just became a diamond contributor at Istock (a few minutes ago).
I knew this would happen somewhere in Autumn, and I was looking forward to this milestone for months.
Now why am I not celebrating

errr .... because you still get 20% regardless?

Nope. If you don't make 1.4 million in RC's then you drop below 20%

I think Baldricks Trousers was referring to the current 20%. It still would be 20% regardless of what canister level

Jo Ann Snover · « **Reply #1088 on:** October 03, 2010, 18:57 »

Quote from: Anyka on October 03, 2010, 15:09

Thanks for the congrats!
I think I'll give myself a cake with 17 candles, one for each percent of next year's royalties

Congratulations! Unfortunate timing given recent events, but as noted above, it's a great milestone, especially for an independent.

lisafx · « **Reply #1089 on:** October 04, 2010, 18:20 »

Quote from: ShadySue on October 03, 2010, 17:58

Just noticed the inspection queue is over 79000, the biggest I've ever seen it.
Wonder if the inspectors are tied up with getting to grips with Agency requirements or on a go-slow as a protest against the changing royalty structure. Or maybe they're just all on holiday. Don't remember ever seeing the queue that big.

Are exclusives getting anything approved, or is this hold on everybody?

traveler1116 · « **Reply #1090 on:** October 04, 2010, 18:26 »

Just had one approved from the 1st, not sure what this means though.

travelstock · « **Reply #1091 on:** October 05, 2010, 04:35 »

Quote from: traveler1116 on October 04, 2010, 18:26

Just had one approved from the 1st, not sure what this means though.

Generally my reviews are taking about a week - so no real advantage over non-exclusive review times.

ichiro17 · « **Reply #1092 on:** October 05, 2010, 07:31 »

Quote from: holgs on October 05, 2010, 04:35

Quote from: traveler1116 on October 04, 2010, 18:26
Just had one approved from the 1st, not sure what this means though.

Generally my reviews are taking about a week - so no real advantage over non-exclusive review times.

Lately its been taking a while, but its been sporadic with some reviewed in 2 days, some taking 10

jamirae · « **Reply #1093 on:** October 05, 2010, 10:41 »

Quote from: ichiro17 on October 05, 2010, 07:31

Quote from: holgs on October 05, 2010, 04:35
Quote from: traveler1116 on October 04, 2010, 18:26
Just had one approved from the 1st, not sure what this means though.

Generally my reviews are taking about a week - so no real advantage over non-exclusive review times.

Lately its been taking a while, but its been sporadic with some reviewed in 2 days, some taking 10

yep, same here.

Pixart · « **Reply #1094 on:** October 05, 2010, 14:52 »

Woohoo! Just had a 15 cent sale on Istock!!!

lisafx · « **Reply #1095 on:** October 05, 2010, 14:59 »

Quote from: Pixart on October 05, 2010, 14:52

Woohoo! Just had a 15 cent sale on Istock!!!

If you think that's cool, wait until you see what that sale will bring in come January

Pixart · « **Reply #1096 on:** October 05, 2010, 15:01 »

Yeah, I already did my math. 12 cents. Isn't 75 cents a bit too low even for an XS image?

pdx · « **Reply #1097 on:** October 05, 2010, 16:47 »

Quote from: lisafx on October 05, 2010, 14:59

Quote from: Pixart on October 05, 2010, 14:52
Woohoo! Just had a 15 cent sale on Istock!!!

If you think that's cool, wait until you see what that sale will bring in come January

I'm hoping to see them raise their prices a little come January, perhaps bumping independent
images priced from 1, 3, and 6 credits to something like 2, 4, 7. Larger sizes could remain
unchanged for all I care and this would at least provide me with the incentive to keep
uploading my images there despite the % cut.

lisafx · « **Reply #1098 on:** October 05, 2010, 17:54 »

Quote from: pdx on October 05, 2010, 16:47

I'm hoping to see them raise their prices a little come January, perhaps bumping independent
images priced from 1, 3, and 6 credits to something like 2, 4, 7. Larger sizes could remain
unchanged for all I care and this would at least provide me with the incentive to keep
uploading my images there despite the % cut.

It would be nice to see non-exclusive prices rise a bit, from our perspective. From the buyer's viewpoint, not so much. I guess all the price-sensitive buyers are gone though.

I think they will have to keep the XS non-exclusive size at $1 so they can still advertise "Stock Photos priced from $1!!!!". Although I suppose if they keep the dollar bin they could still advertise that....

Penguin · « **Reply #1099 on:** October 06, 2010, 07:46 »

Earlier you guys lost money because smaller number of images were sold during recession, now with this you will suffer even after recession when the better time comes - taking the base for the commission from the earlier year will mean this. And those of you who are saing reaching proper income means you should sell so many images that it really is not possible, are mainly right. The users are still buying less images than earlier, and they are buying smalle sizes than earlier; that means less credits, too.

I am discussing with users daily, 90 % of them are saying they will buy only microstock imagery, and I see that happening every day. And I am talking about professional users; ad.agencies, graphic designers, corporate users, magazines etc. So unfortunately I see no turn point back to old days when it was easy to sell multiple images with hundreds or thousands of dollars or euros.

But I still believe in image business and in microstock. Now it just means users are demanding better quality, better keywording, better collections - and personal service. So why don't you choose agencies that have local reps really serving users, marketing your images daily to all possible local users, updating their customer register actively, pushing your images - and honoring your images like they should be honored. Users are tired in just getting some marketing email from London or from some other place, and to be forced to wait for several days to get help or reply when they have some trouble.

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Author Topic: iStock changing royalty structure (Read 351077 times)

lagereek

Sadstock

cathyslife

lisafx

Anyka

rubyroo

BaldricksTrousers

cathyslife

rubyroo

ShadySue

donding

NancyCWalker

donding

Jo Ann Snover

lisafx

traveler1116

travelstock

ichiro17

jamirae

Pixart

lisafx

Pixart

pdx

lisafx

Penguin

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