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Author Topic: You got bonus?  (Read 10041 times)

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« on: July 07, 2008, 14:52 »
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I am not sure I got this bonus email right. They are going to give away images for 20 cents and all proceeds will go to photographers???

"Thus far in 2008, we've seen 123RF sales increasing steadily however, things can be improved even further and we'd like to thank each and everyone one of you for being there, contributing and sharing the (at times) bumpy ride with us.

For the month of July 08, we want to inject a significant mid year bonus into 123RF's Contributor community. We want to try something new with our Advertising and Promotion budget - we intend to carve out allocate a significant part of our monthly A&P and put that sum into 123RF as several hundred thousand BONUS credits.

We shall open and aggressively explore new markets and new methods of marketing 123RF's product beginning July 2008. Our Account Managers will be tasked to approach highly targetted customers and give away FREE welcome trial packs to these customers. We hope that this will give them first hand experience, that 123RF is a great source for stunning and compelling imagery and they can rely on our Contributor's content for all their creative projects as well.

We hope that this marketing exercise will increase the conversion rate of trial customers to purchasing customers and we also reward our contributors at the same time! Where by, creating a win-win-win outcome for all parties - you as the contributor gets the bonus, our potential customers gets to have a working test drive of 123RF and also ourselves as we create value in what we offer to would be customers and strategic partners.

With that said, various welcome packs will be given out at the rate of $0.20 per download credit, please remember that our clients who are using the trial pack did not pay a single cent for these packs but rather it's a result of our A&P budget allocation. Therefore, we hope to have your support and understanding if you see downloads netting you $0.20 per credit download in July 08 and subsequent months that follow.

We thank you for your continuous support and if this is proven to be a workable marketing technique, we may have more 123RF Contributor Bonus Months in the future. We wish good sales to everyone in our contributor community.

Congratulations on the bonus, you all deserve it!"


cphoto

  • CreativeShot.com
« Reply #1 on: July 07, 2008, 15:18 »
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I am not sure I got this bonus email right. They are going to give away images for 20 cents and all proceeds will go to photographers???


Yes, but they hope that potential buyers who receive the free credits will become new customers and buy more credits.

But my understanding is that it's 20 cents per credit, not per download, so if they want to get a vector they would use 7 credits and you would receive $1.40.

Same if they would buy an image for "print", you would receive 3 credits (60 cents) instead of the usual $1.50.

« Reply #2 on: July 07, 2008, 15:35 »
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yeah, if it is .20/credit that sounds like it could be a good deal.  hopefully this brings in a healthy load of new customers to 123rf... will be interesting to see how it affects peoples income there, and if the RPI changes at all

« Reply #3 on: July 07, 2008, 16:34 »
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yeah, seems like a good deal.  I hope we get a bit of an income boost this month.

jsnover

« Reply #4 on: July 07, 2008, 23:12 »
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I didn't get this e-mail - I checked my spam file and not there either.

My only concern is that there are some limits on this - that they can't keep giving out free packs to people over and over, or to more than a certain number of people. I understand they're paying is 20 cents a credit for this, but essentially they're giving away our images for free and we get a very low per-credit return.

That's great as long as it's really limited to promos...

« Reply #5 on: July 08, 2008, 00:25 »
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I didn't get this e-mail - I checked my spam file and not there either.



check the email on 123rf site, not on your regular mailbox. ;)

jsnover

« Reply #6 on: July 08, 2008, 01:35 »
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Thanks - I see it now.

I guess the phrase "...in July 08 and subsequent months that follow" suggests that they might continue this promotion beyond July. 20 cents a credit is pretty low and while I understand that 123rf has to pay us when it received nothing from the customer, it's also true that they get to decide how many of these giveaways they do and to whom. We have no control over this.

Suppose they decided to give free 123rf packs to customers who buy from their other sites as a promo when they buy something expensive? Perhaps they would choose not to do that, but there's nothing (AFAIK) that prevents this sort of thing.

I guess I'll try and watch the credit sales to see how many of these show up.

« Reply #7 on: July 08, 2008, 01:41 »
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Who exactly are they marketting to?  :-\
« Last Edit: July 09, 2008, 02:11 by cdwheatley »

« Reply #8 on: July 08, 2008, 01:45 »
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Thanks - I see it now.

I guess the phrase "...in July 08 and subsequent months that follow" suggests that they might continue this promotion beyond July. 20 cents a credit is pretty low and while I understand that 123rf has to pay us when it received nothing from the customer, it's also true that they get to decide how many of these giveaways they do and to whom. We have no control over this.

Suppose they decided to give free 123rf packs to customers who buy from their other sites as a promo when they buy something expensive? Perhaps they would choose not to do that, but there's nothing (AFAIK) that prevents this sort of thing.

I guess I'll try and watch the credit sales to see how many of these show up.

totally agree.

« Reply #9 on: July 08, 2008, 02:57 »
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well i agree that it isn't really benefiting us much if they are taking customers away from another site we submit too, but if they are new customers or customers of a site that we don't submit too then we will be farther ahead..

RT


« Reply #10 on: July 08, 2008, 04:14 »
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I'm just wondering what happens if one of these companies falls way behind, would they sell us all down the river to gain back some market share?
Just My meager observation.

IF?

Nothing any microstock site does is ever for anybody else other than themselves, we as individual contributors mean nothing to them.

« Reply #11 on: July 08, 2008, 04:47 »
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I'm just wondering what happens if one of these companies falls way behind, would they sell us all down the river to gain back some market share?
Just My meager observation.

IF?

Nothing any microstock site does is ever for anybody else other than themselves, we as individual contributors mean nothing to them.

But as we have seen recently with fotolia, they do listen to us and are forced to make changes if we refuse to upload or delete our portfolios.  I don't see a site surviving if it has low sales and undercuts the others too much.

DanP68

« Reply #12 on: July 08, 2008, 04:50 »
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I'm willing to give them the benefit of the doubt.  123RF has pleased me with their growth the last several months.  It is evident on the major site analytic charts, it shows up in my earnings, and their ratings to the right are climbing.

I tend to believe there are still plenty of untapped customers, so I think the odds favor 123RF finding new revenue rather than taking it from elsewhere.  Of course, if they take it away from a site which pays 25c-30c per sub sale, we benefit.  If they take it away from a site which pays 20-30% commission, we benefit when we get 50% from 123RF.

I don't see much potential for us to lose here.  If they want to eat the cost to boost future market share, that's fine by me.


« Reply #14 on: July 08, 2008, 06:07 »
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hey there alex.  have credits allready been given out?  I thought i saw a little surge in downloads yesterday?? ... or perhaps that is just positive thinking :)

RT


« Reply #15 on: July 08, 2008, 07:19 »
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I'm just wondering what happens if one of these companies falls way behind, would they sell us all down the river to gain back some market share?
Just My meager observation.

IF?

Nothing any microstock site does is ever for anybody else other than themselves, we as individual contributors mean nothing to them.

But as we have seen recently with fotolia, they do listen to us and are forced to make changes if we refuse to upload or delete our portfolios.  I don't see a site surviving if it has low sales and undercuts the others too much.

Steve,

With due respect, Fotolia only did a mild bit of damage limitation, the majority of contributors didn't want the subscription package implemented and at the least demanded the same minimum commission that they get on Shutterstock, neither thing happened.

Dreamstime did the same thing.

iStock, Stockxpert and Snapvillage didn't wait to listen, they offered an opt out more or less from the start.

123RF's marketing campaign is different in so much that we all knew about the subscription package when we signed up, and any results they get from it should benefit the contributor.




lisafx

« Reply #16 on: July 08, 2008, 11:31 »
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I am all for this!  It's great to see 123RF aggressively pursuing new customers. 

With the rate of new contributors outpacing new buyers on pretty much all the sites right now, and sales sort of stagnant across the board, I applaud 123RF's efforts to open up new markets. 

Yes, it may mean some lower royalties in the short run, but I will welcome those bonus royalties because it will mean a new customer has discovered my portfolio, and hopefully will become a repeat customer. 

« Reply #17 on: July 08, 2008, 15:41 »
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I am all for this!  It's great to see 123RF aggressively pursuing new customers. 

With the rate of new contributors outpacing new buyers on pretty much all the sites right now, and sales sort of stagnant across the board, I applaud 123RF's efforts to open up new markets. 

Yes, it may mean some lower royalties in the short run, but I will welcome those bonus royalties because it will mean a new customer has discovered my portfolio, and hopefully will become a repeat customer. 
ditto, very well put.

CofkoCof

« Reply #18 on: July 08, 2008, 20:15 »
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Yeah I got my bonus. Bonus of sub sales  ;D


Well at least I'm used to seeing low earnings (17 subs and 1 low credit sale in the first few days of the month).
« Last Edit: July 08, 2008, 20:17 by CofkoCof »

DanP68

« Reply #19 on: July 08, 2008, 23:57 »
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I'm happy with the start of the month.  7 sub sales, 6 credit sales, $0.75 per average sale.  123RF is a pleasure to work with.   8)

« Reply #20 on: July 09, 2008, 08:37 »
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Already 1 sub sale and I started uploading less then one week ago. Nice!


 

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