MicrostockGroup

Agency Based Discussion => 123RF => Topic started by: fritz on May 03, 2013, 05:05

Title: Buyout Request for Image
Post by: fritz on May 03, 2013, 05:05
I have a request from a client who wishes to buyout an image . I have to transfer all rights to my image except attribution to the buyer. My question is how much should I ask for to sell the rights? The norm for this kind of use is to charge about 5x the highest possible use - 150credits on 123rf . Any idea?
Thanks
ALex
Title: Re: Buyout Request for Image
Post by: gillian vann on May 03, 2013, 05:31
somewhere between $200 and $999? depends on how unique it is, and how much they want it, how awesome the image is for your port. but really, I'd find some amount you are happy with and sell.
Title: Re: Buyout Request for Image
Post by: noodle on May 03, 2013, 05:53
some things to consider -

who's the client - how well is this inage doing for you

I would roughly say from $800 and up from there
Title: Re: Buyout Request for Image
Post by: fritz on May 03, 2013, 06:44
I don't know who the client is. i received mail from 123rf for buyout. The image is doing fairly well but nothing special. Just a close up of corn on spoon.
Best
Title: Re: Buyout Request for Image
Post by: mlwinphoto on May 03, 2013, 13:36
My last (and only) one was for $25,000.  Granted, it was a RM image and this was a few years ago and times have changed, blah, blah, blah.  But, anything less than $1000 seems way to little as does $1,000.  Maybe I'm living in the past.  Remember, you can sell that image over the course of a lifetime, potentially.

You can always ask the agency what kind of deals have been done in the past. 

I guess the only answer that matters is to do what you feel comfortable with. 
Title: Re: Buyout Request for Image
Post by: fritz on May 03, 2013, 16:17
I agree that anything less than $1000 is not acceptable but as you said  times have changed. I mean look at google drive deal, having there 2 images for "free". Nowadays 1000$ seems to me big price to pay for a single file, the MS honeymoon is over.
Correct me if I'm wrong!
Title: Re: Buyout Request for Image
Post by: qwerty on May 03, 2013, 16:41
I think that 7-10x maximum projected yearly earnings would be probably the worth of the image.

However you don't want to sell something too cheap. i.e. if its sold once for 20cents your not going to both to sell the rights for $2
So I would set a value of a minimum of $500

It also comes down to how hard it was to shoot and how unique it is. If its a sunset or a carrot isolated on white I'd set my minimum price lower than if it was a photo of Ghandi and Elvis playing chess on the surface of mars.

You could take the money and pay off your homeloan and financially you would be better off than keeping the image.

Dreamtime have sell the rights option, check out their recommended prices aswell.
Title: Re: Buyout Request for Image
Post by: fritz on May 03, 2013, 16:59
Well DT recommended price: $300 but for this file (http://www.dreamstime.com/bank-application-thumb14164297.jpg)  recommended price: $2000. Something is wrong with their pricing system!
Title: Re: Buyout Request for Image
Post by: gillian vann on May 03, 2013, 17:17
well I guess it depends on how unique this corn image is, and how easily could it be found elsewhere for cheaper?
Title: Re: Buyout Request for Image
Post by: stephenkirsh on May 03, 2013, 17:39
Try and get an idea of who the client is, if you can.  It'll give you a clue of how deep their pockets are.   Healthcare, pharma, financials all pay a lot for images.  $25k for an image, as mlwinphoto said, is more common than people think.