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Author Topic: PhotoDune in Open Beta  (Read 14709 times)

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« Reply #50 on: August 10, 2011, 10:45 »
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It seems that many contributors have fogotten that money isnt going to be what makes you all happy.

stock is a jungle thats right.. top contributors are there already, why let them take all the money??


« Reply #51 on: August 10, 2011, 11:25 »
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It seems that many contributors have fogotten that money isnt going to be what makes you all happy.

Oh no, I'm not fooled with that one for a second time! :P

« Reply #52 on: August 10, 2011, 12:45 »
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Low royalties for non exclusive and prices of extended licenses are simply a big joke!!
Yes, we can let the top contributors selling there, the site is going to lack of new pictures and diversity...too bad, but i will not feed this new stingy.

CD123

« Reply #53 on: August 10, 2011, 14:18 »
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Personally I do not even consider following the lead of the "big contributors". These guys have ports of thousands and can rack up in a month what will take me years to do. They also have other avenues to uploading their huge ports than the personal painful image by image way I have to do it.

Their decision to add another income source must be much easier than for a person who will have to toil over another slow performing site and its painful uploading process (of which I have enough already).

The big guns are welcome to the bit of income there might be at the moment. I am definitely not going to spend all that time to see if a few morsels can drop my way.  If their sales justify in the end (top or top of middle tier), then I will reconsider. 

« Reply #54 on: August 10, 2011, 15:04 »
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Personally I do not even consider following the lead of the "big contributors". These guys have ports of thousands and can rack up in a month what will take me years to do. They also have other avenues to uploading their huge ports than the personal painful image by image way I have to do it.

Their decision to add another income source must be much easier than for a person who will have to toil over another slow performing site and its painful uploading process (of which I have enough already).

The big guns are welcome to the bit of income there might be at the moment. I am definitely not going to spend all that time to see if a few morsels can drop my way.  If their sales justify in the end (top or top of middle tier), then I will reconsider. 

true, their upload is smooth if you dont have MR pictures

« Reply #55 on: August 10, 2011, 16:34 »
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I don't mind other people making some money from this site.  If we all upload, at those commission rates, none of us will make much money.  I would rather hold out until they raise commissions or forget about it.  There's already far too many sites with a very similar strategy.  I really want to see a new site that tears up the rule book and tries something other than milking contributors.  I find it hard to believe that the first ever microstock sites came up with the most efficient way for contributors and buyers to do business.  Just look how google came along and improved the way everyone searches for things on the internet.  We really need them or someone as inovative to do a similar thing with selling stock images.  They will make so much money, they wont mind us getting our fair share.

« Reply #56 on: August 10, 2011, 17:24 »
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NOTE THIS: The extended license price changes with the size. So, the extended license is only $5 for small files, and goes up to $35.

$5!

This seems to me to be a very scary precedent.  I get why a new site would want to low-ball prices to recruit new buyers but if it's successful this will be a bad trendsetting price point for the entire industry.  Nobody will benefit from this in the long run including Photodune in my opinion. 

Collis, can you elaborate a bit on the mindset behind the decision to charge such a small amount for extended licenses?

Thanks,

Mat

« Reply #57 on: August 10, 2011, 17:41 »
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I can't see anything at this point that encourages me to upload to PhotoDune.

The EL prices are a joke. Prices are low - as I know CanStock's are, but CanStock has Fotosearch as well, so there is some possibility of upside (not to mention that you get $25 on an EL vs. 25% of some varying and tiny amount).

I guess I should look the site over in more detail after vacation, but the first look doesn't seem promising to me.

« Reply #58 on: August 10, 2011, 17:49 »
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Collis, can you elaborate a bit on the mindset behind the decision to charge such a small amount for extended licenses?

I think he already elaborated:

So I guess my feeling is that we are introducing new buyers, as well as (hopefully) siphoning off some buyers from our competitors :-)

Unfortunately it entails also siphoning off a substantial part of our royalties that we currently receive.
« Last Edit: August 10, 2011, 18:02 by Snufkin »

« Reply #59 on: August 10, 2011, 19:04 »
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still stratching my head on this one but ok :)

just had a sale on my first day there, 1.25$

collis

  • Hello! I work at Envato!
« Reply #60 on: August 10, 2011, 23:23 »
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Thanks for all the feedback, lots to learn from this site! I have to say one of the best things about launching a stock photo marketplace is during our research I ended up finding Microstockgroup.com. I didn't know there were people here chatting about GraphicRiver all this time!

With relation to the upload process on GR that cidepix mentioned, I have to say, I agree it is pretty poor! I didn't realize how poor until we worked on the PhotoDune project. But our PD upload is much smoother (and getting better as we do more live testing) and one of our next projects is to port that same upload out to GraphicRiver. So hopefully it'll be better soon cidepix!!

And sorry I forgot to cover Extended Licenses in my last post, as Mat mentioned we do have a low multiple at the moment of x5 on whatever price that particular sized image has. This translates to $5-45 depending on what size you are buying.

There's a couple of reasons for this, but I should point out that it's easy to opt-out of this licensing. Of course if you're worried about industry trends as Mat is, then that's not exactly much comfort!

The main reason for the low multiple is actually that we were looking to drive usage of PhotoDune photos in templates for sale on GraphicRiver and ThemeForest. At the moment we have a lot of Creative Commons licensed imagery which is OK, but it would be nicer to have authors buying better photos to package in. Both because then there are sales going to photographers, and because presumably we'll have better looking templates as a result which will sell more themselves.

Additionally on our other sites we've noticed that lower extended license pricing drives more overall sales volume than when we have fewer people buying more expensive licenses. So we've been lowering a lot of our extended license prices over the years as it results in more overall dollars in sales.

At the end of the day, my experience has been it's much easier to raise prices than to lower them - the latter usually resulting in a lot of angry forum threads :-) And we've taken the tack that people can opt-out and not take on the pricing model.

But I certainly wouldn't want us to start a trend of low extended pricing, so I will take that to the team as well when we discuss the results of our first couple of months after launch!

In the meantime I can see there is lots for us to do to win over contributors from here on Microstockgroup, so I will give some thought as to how we can do that :-)

So far the launch seems to be going well. We've doubled up to past 4000 visitors coming in a day, and launch day was our second highest sales day for the fledgling site with just under $400 in a day. Pretty tiny numbers in the grand scheme of things, but even oak trees grow from little seeds!  Anyhow we've now emailed the Envato mailing listand next I need to start putting our marketing plan into action!

Hopefully I will have interesting news to report back here over the coming months ... and years! And hopefully some of that will slowly win you guys over ;-)

« Reply #61 on: August 10, 2011, 23:36 »
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Wow Collis, great post!  Thanks for the information.  I'm going to check your site out tonight when I get home.

Good luck,

Mat

« Reply #62 on: August 11, 2011, 00:40 »
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my experience with the envato marketplace is that it's a pretty great deal for the buyers. I just wish they would raise prices overall to compensate the authors a little better and raise the standards of the perceived value of goods sold.

« Reply #63 on: August 11, 2011, 01:03 »
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Thanks Collis.. Good luck with the work..

« Reply #64 on: August 11, 2011, 01:51 »
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I don't really want to sell EL's too cheaply.  As they aren't high volume, I think it's fair that we receive a reasonable amount for them.  Why not pay us a higher royalty for EL's?  Having to opt out is a real shame because it makes life more difficult for buyers.  I don't mind experimenting with slightly lower EL prices to see if the volume increases but these seem far too low.

It looks like I could get less for an EL than I would for an ordinary license with some sites, that really doesn't appeal to me.
« Last Edit: August 11, 2011, 01:56 by sharpshot »

« Reply #65 on: August 11, 2011, 02:09 »
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Quote
With relation to the upload process on GR that cidepix mentioned, I have to say, I agree it is pretty poor! I didn't realize how poor until we worked on the PhotoDune project. But our PD upload is much smoother (and getting better as we do more live testing) and one of our next projects is to port that same upload out to GraphicRiver. So hopefully it'll be better soon cidepix!!

Good news. Some time ago I wanted to join GR but after reading upload instructions I had to change my mind. It would take a minimum of one hour to understand how to upload and weeks and months for to that.

Carl

  • Carl Stewart, CS Productions
« Reply #66 on: August 11, 2011, 05:58 »
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It seems that many contributors have fogotten that money isnt going to be what makes you all happy.

True.  But the lack of it will certainly make me unhappy!  (Not to mention hungry!)

« Reply #67 on: August 11, 2011, 06:42 »
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I don't mind other people making some money from this site.  If we all upload, at those commission rates, none of us will make much money.  I would rather hold out until they raise commissions or forget about it.  There's already far too many sites with a very similar strategy.  I really want to see a new site that tears up the rule book and tries something other than milking contributors.  I find it hard to believe that the first ever microstock sites came up with the most efficient way for contributors and buyers to do business.  Just look how google came along and improved the way everyone searches for things on the internet.  We really need them or someone as inovative to do a similar thing with selling stock images.  They will make so much money, they wont mind us getting our fair share.

I've been wishing for that too. I can't believe innovation is dead and people can only look at what their neighbours are doing and copy them. In the country I live in, this is a very common scenario. A man sets up a sate stall, people love it and throngs of people buy from him. The neighbour sees him making money and sets of a sate stall, other neighbours see them making money and they they set up sate stalls. It's really awesome, I never have to go very far for my sate and even several sate men everyday now pass my house on motorbikes selling sate. But they all complain about not having much money, which could be something to do with so many people selling exactly the same product. Evanto is a relatively big name, but they are entering a market which pretty much noone has managed to compete with the top four ever. If I'm not mistaken, fotolia was the last of the top 4, possibly 123rf may enter the top 4 one day, but if they do, look at how many years it would have taken them.

25% is pitiful by any agency, but what can we do? We still enjoy the sales on the agencies which give 15-20% and most of us upload because we like the money, despite the agencies getting SO much more. But on a new agency which needs images  and the current 200,000 compared to Shutterstock's 15 million or so, well lets just say that PhotoDune has an incredibly long way to go.

« Reply #68 on: August 11, 2011, 07:08 »
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What we can to do is to promote sites with better deal for us...
It is good on personal level and on complete market too...
That is the best way how to protect our effort...

So, let's start massive campaign of promoting our portfolios on agencies such as Alamy!!!

I hope that Evanto will be on that side between agencies one day... :)

« Reply #69 on: August 11, 2011, 07:13 »
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And sorry I forgot to cover Extended Licenses in my last post, as Mat mentioned we do have a low multiple at the moment of x5 on whatever price that particular sized image has. This translates to $5-45 depending on what size you are buying.

This doesn't make any sense.  An extended license is purchased to allow specific usage.  It has nothing to do with the size.  Why would someone printing 10 posters for sale, who needs an XXL pay much more than someone who needs extended printing rights of an M?

« Reply #70 on: August 11, 2011, 07:18 »
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still stratching my head on this one but ok :)

just had a sale on my first day there, 1.25$

So that could be a regular large size sale or an Extended license sale at extra small size. Do they let you know what the sale was?

velocicarpo

« Reply #71 on: August 11, 2011, 08:11 »
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still stratching my head on this one but ok :)

just had a sale on my first day there, 1.25$

I hope you get happy with the unspeakable success of earning 1.25$ while helping to drive the market in a destructive direction. Not only business wise it does not make sense, my pride has a higher price than that too.

People are afraid to lose the "next big thing", but finally they will destroy their "big things" they already have when they continue to act brainlessly like this.

We can make a difference. Thinkstock is far away to be a serious competition for sites like shutterstock thanks to the decision to opt out that many of us have made. Lets not give power to a company which already starts with unfair conditions.
« Last Edit: August 11, 2011, 08:14 by velocicarpo »

« Reply #72 on: August 11, 2011, 09:08 »
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still stratching my head on this one but ok :)

just had a sale on my first day there, 1.25$

I hope you get happy with the unspeakable success of earning 1.25$ while helping to drive the market in a destructive direction. Not only business wise it does not make sense, my pride has a higher price than that too.

People are afraid to lose the "next big thing", but finally they will destroy their "big things" they already have when they continue to act brainlessly like this.

We can make a difference. Thinkstock is far away to be a serious competition for sites like shutterstock thanks to the decision to opt out that many of us have made. Lets not give power to a company which already starts with unfair conditions.

are you talking about ThinkStock? the 25% royalties are far from great but at least it isnt 28 cents, I believe you should MESS you top contributors head, not a newbie on stock, beside that it is my own business where I sell my stuff

« Reply #73 on: August 11, 2011, 09:09 »
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still stratching my head on this one but ok :)

just had a sale on my first day there, 1.25$

So that could be a regular large size sale or an Extended license sale at extra small size. Do they let you know what the sale was?

it was a M size (6MP) for 5$

velocicarpo

« Reply #74 on: August 11, 2011, 09:15 »
0
still stratching my head on this one but ok :)

just had a sale on my first day there, 1.25$

I hope you get happy with the unspeakable success of earning 1.25$ while helping to drive the market in a destructive direction. Not only business wise it does not make sense, my pride has a higher price than that too.

People are afraid to lose the "next big thing", but finally they will destroy their "big things" they already have when they continue to act brainlessly like this.

We can make a difference. Thinkstock is far away to be a serious competition for sites like shutterstock thanks to the decision to opt out that many of us have made. Lets not give power to a company which already starts with unfair conditions.

are you talking about ThinkStock? the 25% royalties are far from great but at least it isnt 28 cents, I believe you should MESS you top contributors head, not a newbie on stock, beside that it is my own business where I sell my stuff

Sure. Yes, the scheme of thinkstock is differenet. Nevertheless the direction where it drives us is the same.

I believe you should MESS you top contributors head, not a newbie on stock,

Guess I haven`t understood what you mean exactly by this, ehhhhh :o


 

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