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Author Topic: Birthday Bash at Envato (PhotoDune)  (Read 4805 times)

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« on: August 05, 2011, 09:31 »
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It's Envato's (the guys behind PhotoDune) 5th birthday and they have some good deals for the artists and buyers. ) - 70% commissions for everyone for the 5 days prior to their Bday -

http://themeforest.net/bundles/birthday

This won't be so relevant for most people here, as they are still in closed beta (although I have it on good authority that the open beta is coming soon) but for anyone with stuff in any of their many other store, it is good news for the artist!

+ a little more info
http://notes.envato.com/authors/70commission/
« Last Edit: August 05, 2011, 09:39 by leaf »


« Reply #1 on: August 05, 2011, 12:11 »
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wow sounds pretty neat!



« Reply #4 on: August 16, 2011, 01:16 »
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Keep that 70% forever and I'll be interested :)

« Reply #5 on: August 16, 2011, 01:37 »
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Keep that 70% forever and I'll be interested :)
+1  ;)


velocicarpo

« Reply #7 on: August 16, 2011, 22:30 »
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Keep that 70% forever and I'll be interested :)

+2

velocicarpo

« Reply #8 on: August 16, 2011, 22:32 »
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;D

Out of curiosity, does anyone know what the highest commission rate that a photo marketplace offers?

Alamy pays 60%. There are a couple of smaller Companies that pay more, but these are not reasonable to mention.

« Reply #9 on: August 16, 2011, 22:33 »
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;D

Out of curiosity, does anyone know what the highest commission rate that a photo marketplace offers?


Zoonar offers a sliding scale based on the submitter's number of accepted images or total revenue generated, whichever is better for the submitter.  The maximum is 80%, as described at https://www.zoonar.com/commission.  Getting to 80% is possible; I've done it.  Sales, however, have been scarce lately, and 80% of nothing is, I'm afraid, nothing.

« Reply #10 on: August 17, 2011, 02:19 »
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;D

Out of curiosity, does anyone know what the highest commission rate that a photo marketplace offers?


Zoonar offers a sliding scale based on the submitter's number of accepted images or total revenue generated, whichever is better for the submitter.  The maximum is 80%, as described at https://www.zoonar.com/commission.  Getting to 80% is possible; I've done it.  Sales, however, have been scarce lately, and 80% of nothing is, I'm afraid, nothing.


You are right, they don't have sales numbers that will put them anywhere near the top agencies. But to put that into perspective: They say that they are already making a profit running the agency and that they deliberately take the slow route (instead of taking up debt to finance a massive marketing campaign to win market share). Whether that will lead to more sales in the future remains to be seen, but the remarkable thing is: It is possible to run an agency paying high commissions without losses. That means high commissions can be sustainable.

« Reply #11 on: August 17, 2011, 03:40 »
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;D

Out of curiosity, does anyone know what the highest commission rate that a photo marketplace offers?

It's nice ur taking an interest in this forum and maybe the PhotoDune team have been in discussions on commissions and prices, which we've already discussed in this forum. I feel that if commissions are not raised you will always be lumbered in with the agencies that we feel take too much and there will be constant negativity about PhotoDune, whether it be here, in other forums or on peoples blogs, more so probably as you jumped in at the low end. istock lowered their commissions from already low figures and since then ironically, it is believed that their market share has been falling, karma maybe.

But the main point is that I think that you have something good, but good is not good enough if you want to enter this market, you have to have something beyond good, otherwise you're just wasting your time. You can't simply fall under the name Evanto and think you will be a success. This is microstock, there are more agencies than hot cakes, how are u going to get buyers to leave their regular agencies and purchase from you, how are you going to get contributors (and you need more than the top dogs) to bother uploading to you, a new agency which offers 25%, we already feel pretty uncomfortable from agencies which pay us that but at least we get regular payments (of course it would be more regular if they paid us our worth).

I would suggest that you really seize the opportunity to become one of the big players and by that you need everyone on side. News spreads on the internet like wildfire, if everyone is talking about you and it's mostly positive, it gets you noticed and for all the right reasons. I doubt that there are too many istock buyers now who aren't aware of the turmoil created by them by lowering commissions, unless they've had their heads in the sand for the past year. The negativity which surrounds the agency where images are bought from can also have an effect on the company that buys from them, and it could be partly why many buyers seem to be leaving istock.

You could kick the other agencies asses if you had the best images and the most choice, but that won't happen if contributors don't come to you and come to you in massive amounts.
« Last Edit: August 17, 2011, 16:09 by Microstock Posts »

« Reply #12 on: August 17, 2011, 05:58 »
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I find it interesting that the sites that have cut commissions seem to of had a fall in sales.  There are several reasons why that might happen.  Lots of buyers are also contributors and they might be taking there custom to the sites that offer us a better deal.  The sites that cut commissions usually combine it with a price rise, that reduces the number of images sold and might make buyers look elsewhere.  I also think that the less money we make, the less quality content we upload and that results in a reduction in sales.  Some people remove their portfolios or stop uploading because they don't need the income and would rather just use sites that pay a fair commission.

FT have compounded the problem by cutting commissions again.  I wouldn't be surprised to see them fall further back now.  This does make me wonder why sites haven't tried the opposite approach, rewarding their contributors.  This will make many of them that are also buyers switch to their site.  It should increase the quality of their collection and attract more buyers.  It might seem like a crazy idea but I wouldn't be surprised if a site that broke this downward trend in commissions suddenly found their business doing very well in this market.

« Reply #13 on: August 17, 2011, 06:52 »
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I find it interesting that the sites that have cut commissions seem to of had a fall in sales.  There are several reasons why that might happen.  Lots of buyers are also contributors and they might be taking there custom to the sites that offer us a better deal.  The sites that cut commissions usually combine it with a price rise, that reduces the number of images sold and might make buyers look elsewhere.  I also think that the less money we make, the less quality content we upload and that results in a reduction in sales.  Some people remove their portfolios or stop uploading because they don't need the income and would rather just use sites that pay a fair commission.

FT have compounded the problem by cutting commissions again.  I wouldn't be surprised to see them fall further back now.  This does make me wonder why sites haven't tried the opposite approach, rewarding their contributors.  This will make many of them that are also buyers switch to their site.  It should increase the quality of their collection and attract more buyers.  It might seem like a crazy idea but I wouldn't be surprised if a site that broke this downward trend in commissions suddenly found their business doing very well in this market.

I'm a buyer, albeit a small one and I buy my images from sites which offer good commissions, and I'm sure there are plenty of people like me. 123rf still to this day offer 50% for credit purchases and they are now on the up and will maybe break in to the top four one day soon.

« Reply #14 on: August 17, 2011, 07:45 »
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I find it interesting that the sites that have cut commissions seem to of had a fall in sales.  There are several reasons why that might happen.  Lots of buyers are also contributors and they might be taking there custom to the sites that offer us a better deal.  The sites that cut commissions usually combine it with a price rise, that reduces the number of images sold and might make buyers look elsewhere.  I also think that the less money we make, the less quality content we upload and that results in a reduction in sales.  Some people remove their portfolios or stop uploading because they don't need the income and would rather just use sites that pay a fair commission.

FT have compounded the problem by cutting commissions again.  I wouldn't be surprised to see them fall further back now.  This does make me wonder why sites haven't tried the opposite approach, rewarding their contributors.  This will make many of them that are also buyers switch to their site.  It should increase the quality of their collection and attract more buyers.  It might seem like a crazy idea but I wouldn't be surprised if a site that broke this downward trend in commissions suddenly found their business doing very well in this market.

I think commission cuts happen at agencies with falling sales numbers. They need to make up the lost profit somehow and the cuts is the easiest short term solution to a longer term problem.

« Reply #15 on: August 17, 2011, 07:51 »
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FT have compounded the problem by cutting commissions again.  I wouldn't be surprised to see them fall further back now.  This does make me wonder why sites haven't tried the opposite approach, rewarding their contributors.  This will make many of them that are also buyers switch to their site.  It should increase the quality of their collection and attract more buyers.  It might seem like a crazy idea but I wouldn't be surprised if a site that broke this downward trend in commissions suddenly found their business doing very well in this market.

I think commission cuts happen at agencies with falling sales numbers. They need to make up the lost profit somehow and the cuts is the easiest short term solution to a longer term problem.

Yup. They are definitely falling. Commission cuts won't fix the problems they have. Oh well, at least Shutterstock keeps on bringing in the money.

« Reply #16 on: August 17, 2011, 10:11 »
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Istock and FT seemed to be doing very well before the commission cuts.  I don't think they did it because of falling sales numbers.  It looks like their investors/owners wanted more money quickly and taking it from us seemed like an easy option.  Now it appears to of backfired, FT are trying it again.  Quite often if a business makes a mistake, they try and fix it by making a bigger mistake.  Istock can get away with it because they sell a lot but I have real doubts about FT clinging on to their top tier status now.  They might make more cash in the short term but I don't think it's going to work in the long term.


« Reply #18 on: August 18, 2011, 02:46 »
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So, we expect a "big hug for wounded microstock contributors" from Evanto... :-*
« Last Edit: August 18, 2011, 02:50 by borg »

« Reply #19 on: August 18, 2011, 02:56 »
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So, we expect a "big hug for wounded microstock contributors" from Evanto... :-*

No we don't we just want money, the same like Collis does. He wouldn't have created PD, if he thought he wasn't going to make money, we're not going to submit if we think we're not going to make money.

« Reply #20 on: August 18, 2011, 05:02 »
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I'll be ok to upload to photodune, only if commision is at least 40% and no lowered in the future.

collis

  • Hello! I work at Envato!
« Reply #21 on: August 18, 2011, 18:01 »
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So, we expect a "big hug for wounded microstock contributors" from Evanto... :-*

No we don't we just want money, the same like Collis does. He wouldn't have created PD, if he thought he wasn't going to make money, we're not going to submit if we think we're not going to make money.

:-) I have to admit we have created some sites with not a lot of hope to make money, but you are correct about this one! I definitely hope it pulls its weight in the marketplace stable. So far, so good, things seem to be climbing. So hopefully that will mean we will be able to make money for contributors - though I am very aware about the rates issue and how that is likely to affect income. As I mentioned on another thread, it is something we're going to review after the first couple of months! In the meantime it's wait and see really.

Nonetheless borg gets a big hug ;)

« Reply #22 on: August 19, 2011, 18:11 »
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Thank you for hug!  ;)

Microstock InsiderPhotoDune

 

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