MicrostockGroup

I was just about to post the same news on IS's new pricing structure going into place today.

So far I have had three sales:
Medium: 0.84
Small: 0.40
Small: 0.40

I understand the price for the two smalls: 2 old credits (@ $1.00/credit) * 20% royalty = 0.40

But I have no idea how they got 0.84 for the medium!  If you use the old credits (@ $1.00/credit) it would be 0.80.  If you use the new credits (@ $1.20/credit), it would be 0.96.

Anyway, here is a link a chart that includes the new royalties with the new credits:

http://www.myersonphoto.com/private/istock/2007royalties.php

It must be from a subscription package.  They give discounts for the buyer and our earnings are reduced as well (as of my understanding of the new rules).  If you see the sales statistics for this image, doesn't it say anything? I thought the "type" column would show that.

I got an XS dld today (400x300) for the same 20c that before would mean an S (800x600).  I like that!

Regards,
Adelaide

This is looking great...
The day is not over and I'm in the 11 downloads. This is a nice (really nice) day for me as I only have 70 pictures on my portfolio.   

I got an xsmall sale today for .20 and a medium sales for .88.

Can't figure out the numbers, but I like the extra $$

about the medium sale for 84c:

If you buy a lot of credits you get a better deal on the credits.

Here is the link:
http://www.istockphoto.com/istock_credit_offer.php?

So somebody bought 115 credits for $120 and used those to buy GeoPappas's photo. So:
$120/115credits = $1.0434 per credit.
4credits = $4.1739 and you get 20% so 83.47 cents (I guess they round up).

That's my understanding of the new pricing. Anyway, we are getting more $$$ and that makes me HAPPY

I am sure this was discussed and explained about a month ago but i can't find the original post.

Here is the little table I made back then

New Price structure starting Jan 2007 photographers will receive 20% of the actual price of the credit sold

300 x 400                 1 credit          19c - 24c
600 x 800                  2 credits        38c - 48c ( old price 1 credit  payout 20c)
1200 x 1600 2mp       4 credits        76c - 96c - (old price 3 credit payout 60c) - medium size
1920 x 2560 5mp       6 credits    $1.14 - $1.44 (old price 5 credit payout $1)
2800 x 4200 11.7 mp 10 credits   $1.90 - $2.40
3300 x 4900 15 mp    15 credits   

In a perfect world, where everyone has run out of old credits, and the only credits floating around are ones purchased on or after 4 Jan 2007, this is an excellent tool for figuring the royalties:
http://www.myersonphoto.com/private/istock/2007royalties.php

In a perfect world I guess people would read previously posted explanations, too.

Let's try again.

Credits purchased prior to January 05 (introduction of the exclusive program) were commissioned on a 20 percent commission for everyone. Some of these credits are still being used to purchase images. These  commissions are all paid out based on a cost of 50 cents per credit, which was the cost of a single credit at that time.

Credits purchased prior to January 4, 2007 were commissioned on a graduated scale from 20 to 40 percent of the total 1.00 per credit price depending on the contributor's canister level and exclusivity status. These commissions are all paid out based on a cost of 1.00 per credit, which was the cost of a single credit at that time.

Neither of the above scenarios included any reduction in commission for those credits for which the buyer may have received a bulk discount. (Again, there IS NOT and HAS NEVER BEEN a "subscription plan" at iStock.)

Credits purchased ON OR AFTER January 4, 2007 were commissioned on a graduated scale from 20 to 40 percent of the ACTUAL PRICE PAID FOR THE CREDIT depending on the contributor's canister level and exclusivity status. The price of a credit can be anywhere from 94 cents to 1.20, depending on whether the buyer received a bulk discount.

Now, in addition to the above factors, you must consider the possibility that someone had just a few credits left from 2005 and/or 2006 AND that they had purchased credits at the new 1.20 (or discounted) price. These differently priced AND differently commissioned credits could be combined to purchase a single image, in which case you may have received a full 20 percent payout on one credit and a net payout on the others.

HOWEVER, yours is much simpler than that. If you had clicked on the link to the calculator I posted above, you'll see that the price of a small image is 2 CREDITS not 2 DOLLARS. A credit costs 1.20, or 2.40 total for your small image. The second discounted tier is 1.15 per credit, or 2.30, with a 20% payout of .46.

Thank you for your explanation, Vicu, although it would have been enough to clarify that credits were increased too.  I hadn't noticed that.  I thought only the credits per size table were changed, plus the subscription discounts.

Regards,
Adelaide

On a brighter note I had my best day at iStock yesterday nothing to break open the champagne but considering they were my 5th best site with 8% of my income it looks promising for 2007  especially with the increased upload limits if only I could pass their illustration test 

I'm curious. Are you both illustrators/artists already? or is it something you thought would be fun/easy to learn as an additional revenue source? What programs do you use for your drawings?