MicrostockGroup
Agency Based Discussion => Shutterstock.com => Topic started by: Artist on January 11, 2018, 12:34
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While reading about ss, I found that Jon Oringer worth is 1 billion dollar.
How did Oringer have so much amount?
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by paying SS contributors 0.25c per download and turning a once very sustainable industry upside down. he could not have done it without the support of people willing to undersell their own worth.
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While reading about ss, I found that Jon Oringer worth is 1 billion dollar.
How did Oringer have so much amount?
Because he is the founder and shareholder of a very big company.
He used to own 55% of Shutterstock, but now I believe it's around 10%.
Shutterstock is worth $1.5 billion today but was valued at almost $3.5 billion 4 years ago.
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By paying us 0.25-0.38c for our shots. Sold SS took the lolly and f#%#&d off leaving us with the suits and beancounters! who really dont know a damned thing about the photography business.
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by paying SS contributors 0.25c per download and turning a once very sustainable industry upside down. he could not have done it without the support of people willing to undersell their own worth.
Let me turn this around. :P
He is a visionary entrepreneur, a Clair Voyant! He, he! ;D
He enabled a multitude of talented people to tap into a market and a revenue stream they would have never been able to access otherwise. I'm one of them and I'm very grateful to people like Oringer, for the extra, unexpected 6 digits bonus I was able to earn during the last 4-5 years.
He deserves to be rewarded for his courage to innovate and revolutionize a market, to take risks very few dared to take.
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by paying SS contributors 0.25c per download and turning a once very sustainable industry upside down. he could not have done it without the support of people willing to undersell their own worth.
Yep . Sad and astonishing buy hey everyday more free sites were photographers and non photographers give happily their images away for some sort of ego boost.
But not only is SS responsible of the state of the industry. Unfortunately bean counters, business sharks and other unscrupulous people have destroyed the industry with the help of millions of contributors. Fortunatelly there are still some agencies and production houses that try to fight this policy.
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by paying SS contributors 0.25c per download and turning a once very sustainable industry upside down. he could not have done it without the support of people willing to undersell their own worth.
Let me turn this around. :P
He is a visionary entrepreneur, a Clair Voyant! He, he! ;D
He enabled a multitude of talented people to tap into a market and a revenue stream they would have never been able to access otherwise. I'm one of them and I'm very grateful to people like Oringer, for the extra, unexpected 6 digits bonus I was able to earn during the last 4-5 years.
He deserves to be rewarded for his courage to innovate and revolutionize a market, to take risks very few dared to take.
Zero Talent. You say this because you simply didn't experienced how it was before. Now I am heading to a 7 digit figure of profits only made on Istock in the last few years. But even if arrived very late to the golden years of macro when with a few hundred images you made over 1million/year I can remember well my single 5 digit sales. You have to live on your time. And the digital revolution changed everything and made possible the strong devaluation of images as a whole.
So although nothing would have changed much if Oringer or Livingstone wouldn't have existed, as other would have taken their place, the fact remains that those individuals were responsible to the sudden drop of value of all images in general. Although I think it was inevitable I cannot thank them.
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by paying SS contributors 0.25c per download and turning a once very sustainable industry upside down. he could not have done it without the support of people willing to undersell their own worth.
Let me turn this around. :P
He is a visionary entrepreneur, a Clair Voyant! He, he! ;D
He enabled a multitude of talented people to tap into a market and a revenue stream they would have never been able to access otherwise. I'm one of them and I'm very grateful to people like Oringer, for the extra, unexpected 6 digits bonus I was able to earn during the last 4-5 years.
He deserves to be rewarded for his courage to innovate and revolutionize a market, to take risks very few dared to take.
Zero Talent. You say this because you simply didn't experienced how it was before.
Very probable!
The golden days nostalgia is specific to small group of old-school professionals, overwhelmed by the innovative crowd-sourcing business model implemented by entrepreneurs like Oringer & Co.
I am certain that I could never have reached the required level to sell macro in those golden days, to penetrate the exclusive photographer's club, en-vogue back then!
Therefore, I am very happy for this unexpected opportunity that fell into my lap! I already stated on few occasions that Microstock paid every semester of my daughter's out-of-state, expensive university, preventing me or her to go for one of those predatory loans, leading to long term crippling debts. And all that only through a part-time effort, done mostly during weekends.
Rest assured, I'll enjoy the ride as much as I can, no regrets, no looking back!
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by paying SS contributors 0.25c per download and turning a once very sustainable industry upside down. he could not have done it without the support of people willing to undersell their own worth.
Let me turn this around. :P
He is a visionary entrepreneur, a Clair Voyant! He, he! ;D
He enabled a multitude of talented people to tap into a market and a revenue stream they would have never been able to access otherwise. I'm one of them and I'm very grateful to people like Oringer, for the extra, unexpected 6 digits bonus I was able to earn during the last 4-5 years.
He deserves to be rewarded for his courage to innovate and revolutionize a market, to take risks very few dared to take.
Zero Talent. You say this because you simply didn't experienced how it was before.
Very probable!
The golden days nostalgia is specific to small group of old-school professionals, overwhelmed by the innovative crowd-sourcing business model implemented by entrepreneurs like Oringer & Co.
I am certain that I could never have reached the required level to sell macro in those golden days, to penetrate the exclusive photographer's club, en-vogue back then!
Therefore, I am very happy for this unexpected opportunity that fell into my lap! I already stated on few occasions that Microstock paid every semester of my daughter's out-of-state, expensive university, preventing me or her to go for one of those predatory loans, leading to long term crippling debts. And all that only through a part-time effort, done mostly during weekends.
Rest assured, I'll enjoy the ride as much as I can, no regrets, no looking back!
When was it ever an "exclusive photographer's club"? Just curious as I keep hearing how it was a closed club from many people on this forum. Fact is, it was never closed. Just sayin.
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by paying SS contributors 0.25c per download and turning a once very sustainable industry upside down. he could not have done it without the support of people willing to undersell their own worth.
Let me turn this around. :P
He is a visionary entrepreneur, a Clair Voyant! He, he! ;D
He enabled a multitude of talented people to tap into a market and a revenue stream they would have never been able to access otherwise. I'm one of them and I'm very grateful to people like Oringer, for the extra, unexpected 6 digits bonus I was able to earn during the last 4-5 years.
He deserves to be rewarded for his courage to innovate and revolutionize a market, to take risks very few dared to take.
Zero Talent. You say this because you simply didn't experienced how it was before. Now I am heading to a 7 digit figure of profits only made on Istock in the last few years. But even if arrived very late to the golden years of macro when with a few hundred images you made over 1million/year I can remember well my single 5 digit sales. You have to live on your time. And the digital revolution changed everything and made possible the strong devaluation of images as a whole.
So although nothing would have changed much if Oringer or Livingstone wouldn't have existed, as other would have taken their place, the fact remains that those individuals were responsible to the sudden drop of value of all images in general. Although I think it was inevitable I cannot thank them.
Exactly!
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By paying us 0.25-0.38c for our shots. Sold SS took the lolly and f#%#&d off leaving us with the suits and beancounters! who really dont know a damned thing about the photography business.
I think the beancounters know a lot about the photography business. More than most photographers. For a start, they understand supply and demand. Yes, demand for pix has probably increased in the past two decades. But the supply has ballooned in comparison. Therefore, lower prices.
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And they also know that individual microstock photographers have no bargaining power.
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Recently SS earned a milestone of $500 million in total payouts for thousands of contributors which means we are happy with penny earn.
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Wrongly posted
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Recently SS earned a milestone of $500 million in total payouts for thousands of contributors which means we are happy with penny earn.
Exactly. And 500 million is not really pennies. If you have a total earning of 15k then it is 15k earning. You can also have few macro sales for 1k. What is better? I prefer 15k.
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by paying SS contributors 0.25c per download and turning a once very sustainable industry upside down. he could not have done it without the support of people willing to undersell their own worth.
Let me turn this around. :P
He is a visionary entrepreneur, a Clair Voyant! He, he! ;D
He enabled a multitude of talented people to tap into a market and a revenue stream they would have never been able to access otherwise. I'm one of them and I'm very grateful to people like Oringer, for the extra, unexpected 6 digits bonus I was able to earn during the last 4-5 years.
He deserves to be rewarded for his courage to innovate and revolutionize a market, to take risks very few dared to take.
Best answer here by far.
Mirco
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Hey Im also around a quarter of a million since 2006 so of course one is happy and thanks to the guy. However lets not forget Bruce was the one that started it all then a year or two later Jon came along and sprung the "brilliant" idea of subscriptions, 0.25-0.38 and that was the landmark, then the reductions in royalties all started and from there on we have been on a steady downhill slope in pricing all the way.
Add to all this that agencies techs-depts found all sorts of ways to manipulate almost every single thing there is and legally of course and that all the people that made all this possible for every single agency, we! their life-blood, life-support!....we are expendible! haha! :)
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a year or two later Jon came along and sprung the "brilliant" idea of subscriptions, 0.25-0.38 and that was the landmark, then the reductions in royalties all started and from there on we have been on a steady downhill slope in pricing all the way.
Subscriptions are not unique to microstock. Music and video have gone the same way.
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Because SS is overvalued by the market with over optimistic growth projections probably really only worth 1/3 of that ;-). Which is still nice going. Most of the wealth comes from stock value rather than profit generated by his company ;-).
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Because SS is overvalued by the market with over optimistic growth projections probably really only worth 1/3 of that ;-). Which is still nice going. Most of the wealth comes from stock value rather than profit generated by his company ;-).
So are you shorting Shutterstock?
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Because SS is overvalued by the market with over optimistic growth projections probably really only worth 1/3 of that ;-). Which is still nice going. Most of the wealth comes from stock value rather than profit generated by his company ;-).
So are you shorting Shutterstock?
Nope....because perception is everything in stocks and I'm very risk averse ??? But I do think over time the stock value will fall.
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... I'm very risk averse ???
You actually provided a counter-example to OP's dilemma: Oringer is not risk averse and this is a necessary condition to be a billionaire ;)
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... I'm very risk averse ???
You actually provided a counter-example to OP's dilemma: Oringer is not risk averse and this is a necessary condition to be a billionaire ;)
Quite an also a condition to be begging on the street ;-).
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... I'm very risk averse ???
You actually provided a counter-example to OP's dilemma: Oringer is not risk averse and this is a necessary condition to be a billionaire ;)
Quite an also a condition to be begging on the street ;-).
Being a risk taker is a possible, maybe even probable condition (for some) to end up begging on the street ;), but NOT a necessary condition.
On the other hand, becoming a billionaire without being a risk taker is virtually impossible.
Therefore, being a risk taker is a necessary condition to become a billionaire. Of course not a sufficient, but definitely a necessary condition.
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is the number 846 possible or necessary?
-neither
wrong! is the number 846 possible or necessary?
-both
wrong! it is necessary but not possible
-both
wrong! why do you think the number 846 is necessarily possible?
-must be!
wrong! it's only necessarily necessary! we admit possibility only after we grant necessity. It is possible because necessary but by no means necessary through possibility. The possibility can only be assumed after proof of necessity.
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While reading about ss, I found that Jon Oringer worth is 1 billion dollar.
How did Oringer have so much amount?
By making dollars and paying pennies. I'm on the wrong side of this business.
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And they also know that individual microstock photographers have no bargaining power.
Right, Jon got in early and all the suckers uploaded for 25c. Now the same suckers complain that we get paid nothing. You are right because driving the value and prices down to nothing is the work of the so called professionals who sold their souls to SS for some coin. You are right, we have no bargaining power because photos, illustrations and video, the Internet, digital advances and the market have become over saturated by desperate people, willing to work for almost nothing.
We aren't artists in Microstock any more, we are producers of a commodity. Accept that position or leave. This over supply will not get better and earnings will continue to fall for individuals. Jon will keep getting richer, but what person needs a billion dollars to live comfortably? My answer of course is a raise for us to thank us for making him a billionaire.
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What a Lot don't know or weren't born yet...LOL in the beginning we got 20 Cents and we Fought for everything we have for the 38 cents. No raise since then and they get richer because Your afraid to say anything or stand up. we fought hard But. there was a LOT of DL's then. everything you submitted sold. because there were not 40,000 in every subject Killing the Database.Don't wanna fight for your rights? fine......then shut up. I will Guarantee you without a doubt 15 Cents is gonna be the norm sooner than Later and ya know what. No one will say a word and 1000's and 1000's more will Join. they Know it and we Know it. I wrote this in 2005 about the coming Cellphone revolution.
If I was Oringer. i would be very ,Very Happy with 500 Million and give back to the people who Made me wealthy, That One impossible Move would return to Him Untold billions More in support and all competition would fall to the rear and drop out.
Imagine in a perfect world the Owner of A profitable company Giving Back.Front page news around the world and instant sainthood for a nice jewish Boy.