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Author Topic: Veer Subscription Royalties Update  (Read 8966 times)

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« Reply #25 on: September 30, 2011, 13:19 »
0
Just opted back in.

Thank you


« Reply #26 on: September 30, 2011, 13:25 »
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Um...WOW!  This week has gotten better with that announcement.  I wasn't expecting the revamp to get turned around so quickly.  Thanks for listening and understanding :)

« Reply #27 on: September 30, 2011, 13:26 »
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Customer A downloads 5 of my images per day=$0.99 royalty per downloaded image which results in $4.95 from customer A.
Customer B downloads 1 of my image per day=$4.95 royalty per downloaded image which results in $4.95 from customer B.
Customer C downloads 9 of my images per day=$0.55 royalty per downloaded image which results in $4.95 from customer C.
Customer D downloads 15 of my images per day=$0.33 royalty per downloaded image which results in $4.95 from customer D.

This is correct only if the customer downloads ONLY your images. If they download images from other contributors on the same day, the numbers will be affected.

For example Customer A downloads 1 of your images and 9 from other contributors = 10 images
You will get $0.50 and the other contributors will get 9 * $0.50

« Reply #28 on: September 30, 2011, 13:26 »
0
Question to VEER:

The examples mentioned a customer buying x amount of images using the subscription model like:

Customer downloads 5 images per day=$0.99 royalty per downloaded image which results in $4.95 from that customer.

Ideally many customers will get a subscription plan and purchase my images - so is my following example correct?:

Customer A downloads 5 of my images per day=$0.99 royalty per downloaded image which results in $4.95 from customer A.
Customer B downloads 1 of my image per day=$4.95 royalty per downloaded image which results in $4.95 from customer B.
Customer C downloads 9 of my images per day=$0.55 royalty per downloaded image which results in $4.95 from customer C.
Customer D downloads 15 of my images per day=$0.33 royalty per downloaded image which results in $4.95 from customer D.

Which totals 4 x $4.95 = $19.80 for four customers downloading 30 of my images ($0.66 RPD).

I'm sorry if this has been addressed before or if I misread any of the terms. I'd greatly appreciate clarification about that.

Thanks in advance.

Your correct except the images don't have  to be yours. The customer may download 9 a day and only 1 may be yours. You still get the .55 cents for that download.  The average downloads they state of 9 per day is correct but some will download all there quota and others may just download 1. On average we shouuld do well with this sub plan.

« Reply #29 on: September 30, 2011, 13:32 »
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OK, I see. Thanks for explaining.

microstockphoto.co.uk

« Reply #30 on: September 30, 2011, 13:35 »
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Thanks, the new plan is good!

I am sure this will benefit both us (contributors) and you (Veer), since recently the sites which are treating contributors fairly are the ones doing well - and vice versa.
« Last Edit: September 30, 2011, 14:31 by microstockphoto.co.uk »

lisafx

« Reply #31 on: September 30, 2011, 13:36 »
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Add me to the chorus of praise.  Thanks very much for being so responsive and open to contributor needs and suggestions.

I just sent my opt-in letter :)

« Reply #32 on: September 30, 2011, 13:44 »
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Microstock has future with agencies like Veer! Thanks Veer!
Now I will promote my Veer portfolio on every place where its possible...
Contributors,you can do the same!
« Last Edit: September 30, 2011, 13:47 by borg »

« Reply #33 on: September 30, 2011, 13:47 »
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WOW,

I (we) are not invisible

our voice is heard. with some co.

I always liked VEER from the very beginning~~~~~best of luck to Veer!

Bravo!

sc

« Reply #34 on: September 30, 2011, 13:51 »
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Good Job Veer!
I"ll be opting back in as soon as I get back to my own computer.

« Reply #35 on: September 30, 2011, 14:18 »
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I am one of the photographers who rarely post anything at discussion boards. I try to focus my time on taking pictures and uploading. I follow the forums on a regular basis though and this time, however, I feel I must write a few lines and give praise to how Veer have handled this issue. The other large agencies should learn from you, and how you handle it. You don't judge a person about the mistakes he/she make, you judge him by how he/she handles the mistake and how he/she tries to amend it. If you continue this path you will soon be among the top two-three agencies to the right. The attitude that Istock, Fotolia and others has shown towards their suppliers and moneymakers recently, will be their fall in the end. Somewhere along the line, the big players seems to have forgotten who has provided the product which they have made their profits from. They are a middleman, not the main man. We need to promote agencies who listens to their contributors and are willing to work with them.

« Reply #36 on: September 30, 2011, 14:48 »
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You earned my respect and support!!  ;D

Striving

  • Stand up for what is right
« Reply #37 on: September 30, 2011, 14:59 »
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 :) The folks at Veer are wise to admit fault and atone. The arrogant leadership at some of those other places will burn and be big losers if they don't follow the example of Veer. Pardon the biblical language, but I'm really sick one particular big agency that presupposes they are the model for what's "suitable for stock." I know for a fact they are playing with fire and how they treat artistsand their customerswill come back to bite them.

Anyway, I chose to opt-out thanks to the other artists' insight on microstockgroup. However, I wanted to seek some opinions out here on whether or not I should opt-in.

First, I've been with Veer for a year. I've done pretty well with them considering I only have 270 images there. I tend to make $7 for my EPS (about a 1/3 of sales) and $2.10 for medium JPG and quite a few $0.35 small JPG. Because sales aren't fast and furious as they can be on Shutterstock and Photospin, I am not excited about opting in to the Veer subscription plan. I'm thinking that I'll lose those nice $7 sales for cheaper subscription sales.

I like the "big" dollar sales. They bring balance to the small change I get elsewhere. So I'm thinking I'll will not opt-in. What is your opinion?

« Reply #38 on: September 30, 2011, 15:22 »
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That's a good question, black rhino. There is always a risk that buyers will switch from credit over to subscription sales. That certainly seems to be the trend at Fotolia. However, if someone switches to subscriptions and your photos are not available you will still lose the sale - but you won't get a subscription "consolation prize".

Looking at iS subscriptions, which work in a similar way, the average value is well above the minimum, so this scheme should work well.

« Reply #39 on: September 30, 2011, 15:25 »
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Add me to the chorus of praise.  Thanks very much for being so responsive and open to contributor needs and suggestions.

I just sent my opt-in letter :)

Lisa I thought you only needed to send an email if you wish to opt out... is there somthing somwhere I have missed?

Thanks

« Reply #40 on: September 30, 2011, 15:30 »
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This sounds more fair and is competitive in micro subscription game... Let's see what Shutterstock has as respond to this ;-)

Striving

  • Stand up for what is right
« Reply #41 on: September 30, 2011, 15:30 »
0
That's a good question, black rhino. There is always a risk that buyers will switch from credit over to subscription sales. That certainly seems to be the trend at Fotolia. However, if someone switches to subscriptions and your photos are not available you will still lose the sale - but you won't get a subscription "consolation prize".

Looking at iS subscriptions, which work in a similar way, the average value is well above the minimum, so this scheme should work well.

Interesting point. However, if I don't have subscription sales on iStockand Veer's program is similarthen it might not make a difference.

Trying to compare with my iStock statswhich I find very difficult to interpretI only see "File Purchases." How do I determine if any of those are istock subscription sales? It appears that these are all normal sales.

« Reply #42 on: September 30, 2011, 15:32 »
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Aaron,

I applaud the change you made based on user feedback, and in that regard I give you an A++, but I remain concerned that you would ever have thought that a .13c Extended license was either competitive, or fair. I would expect this mistake from a hobby shooter not a professional agency.  Which is another way of saying didn't just miss the mark  by a mile, you might as well have been out past the orbit of Jupiter.

I'll be opting back in, but watching. And hopefully if and when the extended comes back to the subscription side of things, we will have to option to keep being a part of the standard side of subscription, and opt out of the extended side.
« Last Edit: September 30, 2011, 15:35 by gwhitton »

« Reply #43 on: September 30, 2011, 15:34 »
0
Add me to the chorus of praise.  Thanks very much for being so responsive and open to contributor needs and suggestions.

I just sent my opt-in letter :)

Lisa I thought you only needed to send an email if you wish to opt out... is there somthing somwhere I have missed?

Thanks

iclick - you only need to contact us if you have previously Opted-out and wish now to Opt-in.

« Reply #44 on: September 30, 2011, 15:37 »
0

Trying to compare with my iStock statswhich I find very difficult to interpretI only see "File Purchases." How do I determine if any of those are istock subscription sales? It appears that these are all normal sales.

On the sidebar in your stats page there is a line that says "subscriptions", click on that and it gives you a list of all the files that have sold as subs, how many times they have sold and what the total subs earnings are.

« Reply #45 on: September 30, 2011, 15:51 »
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I was thinking... Heh, yes - sometimes I do that too  ;D

UNLIMITED REPRODUCTION plan can be very interesting for all but there must be some limits... I don't know much of statistic maths but will try to explain some points:

IDEA WHICH MIGHT WORK:

Monthly plan for Unlimited reproduction must include some known number of images planned for this kind of usage. Agency can simply give some good rebate: 20% for one month, 25% for three months, 30% for 6 months and so on. Limit must be final payout to contributor per image which can't be lower than 15 USD. 'Pool share' system can be applied here too.

After all OPT-OUT from this must be always present due to that some creatives sell unlimited reproduction licenses for 200+ USD per image and they might not be interested in such kind of sales.

Striving

  • Stand up for what is right
« Reply #46 on: September 30, 2011, 15:55 »
0

Trying to compare with my iStock statswhich I find very difficult to interpretI only see "File Purchases." How do I determine if any of those are istock subscription sales? It appears that these are all normal sales.

On the sidebar in your stats page there is a line that says "subscriptions", click on that and it gives you a list of all the files that have sold as subs, how many times they have sold and what the total subs earnings are.

OK! Look at that. Zero subscription sales. So if we are comparing apples to apples, I won't lose the "big" money I get at Veer if I opt-in.  ::)

« Reply #47 on: September 30, 2011, 16:31 »
0
Add me to the chorus of praise.  Thanks very much for being so responsive and open to contributor needs and suggestions.

I just sent my opt-in letter :)

Lisa I thought you only needed to send an email if you wish to opt out... is there somthing somwhere I have missed?

Thanks
I hope there will be something on the site to indicate if we are opted in or out.  Emails can go astray.

iclick - you only need to contact us if you have previously Opted-out and wish now to Opt-in.

rubyroo

« Reply #48 on: September 30, 2011, 16:33 »
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Thank you Veer!  I am so happy to see this.  

For a moment there, I thought you'd caught the 'mean bug' that's been prevalent in agency-land of late.  So it's really heartening to see that you're still as you always were.  Open, communicative and listening to the contributors.  I'm delighted, and I'm in  :)

As I, and some others, have stopped uploading to some of the agencies who treat us badly and refuse to listen, I expect you'll be getting a lot of fresh content that will be denied to them.

All we need now is a big Veer marketing drive, and I hope to see you guys in the top tier some day soon.

Thanks again.  You are stars.

« Reply #49 on: September 30, 2011, 19:16 »
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Congrats to veer, I'm also very pleased to found a so listening agency!! Simply thanks and i wish the sales will rock!!

PhotoDuneMicrostock Insider

 

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