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Author Topic: 2008 Year end wrap up  (Read 3907 times)

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johngriffin

« on: January 05, 2009, 11:29 »
0
An idea to a movement

Cutcaster began 2008 as an optimistic unknown; an innovative idea that was just taking shape and full of potential.  Our aim was to develop a dynamic marketplace where buyers could easily find and license fresh and unique user-generated content while content creators worldwide could discover the true value of their work.  No one had heard of Cutcaster outside of a handful of people.  We had 800 accepted files, fewer than 300 members and I was still trading stocks on Wall Street.  At the end of January, I left the stock market to work full time on Cutcaster. What started with a few hundred files blossomed into a community of over 3600 members and 107,393 accepted files on January 1st 2009. (Congrats to both Marburg and Beth Pulsipher for having the closest predictions to our year end total accepted files
http://cutcaster.blogspot.com/2008/08/cutcaster-year-end-goal-your-help.html). What a difference a year makes.

What Happened in 2008 - A few highlights:
1.   Buyers outreach program started in mid-September- Email, print and web advertising, Google Adwords campaign, press releases, direct sales calls and email blasts, SEO techniques, joined two affiliate programs, our internal referral program, handwritten introductory letters, onsite Cutcaster demos, participation in buyers conferences i.e. Picturehouse, and participating in different forums. 
2.   Contributor outreach program- Grew from 800 files to over 107,000 by years end.  Pretty amazing growth, Id say, and the quality has been excellent so keep up the great work.
3.   Started the year with 300 members and now we are over 3600 members and 1700 members have uploaded a file or more.
4.   Numerous site features and enhancements rolled out.  We have always been fast to correct things and roll out features that the community needs and things will continue to be like that in 09.
5.   New search algorithm - http://www.cutcaster.com/info/Search-and-Find-Tips
6.   Best customer service in the industry- We roll out the red carpet for everyone.

What to expect in the New Year
1.   Im moving the Cutcaster headquarters to San Francisco at the end of January and you shouldnt notice any changes except a new address.  This is so I can efficiently run Cutcaster and be close to the talent and money that I need to take on our competitors.  Im sad to leave NYC but extremely excited to be on the West Coast.
2.   A lot more attention and work on the buyer front i.e. roll out corporate accounts, introduce credit packages and extended licensing, enhanced clipfolders, search algorithm tweaking and re-weighting the results, more direct sales calls, attending more buyer conferences, Cutcaster APIs, promoting more exclusive content on Cutcaster, tiered pricing for different resolution sizes and much more advertising in both print and web.
3.   More sales, more data to help you make better decisions, more tutorials to help you know what to shoot and how to shoot it, more image and illustration requests

Goals for 2009
1.   More sales, more revenue lines for contributors, more ease of use on the site.
2.   Surpass 1,000,000 images and vectors
3.   Get over 400,000 new images in the marketplace from sources that werent in the shallow pool of stock we see today
4.   Increase membership to 20,000
5.   More fun

Obviously, Cutcaster is a tool to earn money from your content or find outstanding content for the projects you are working on.  However, Cutcaster is a community in action and is only as good as our contributors, supporters and buyers.  We know we have nothing if we dont have a strong community and that is why we work tirelessly to best serve our members. A special thank you goes out to Ashley, My family, Justin, Michael B., Zac, Lope, Barbara, Tara, Charley, InSITE, Dennis, Janie, Linda, Carolyn, Jeffbeck, Martin, Shaolan, Victoria, Moriya, Dan M, Vasiliy, Jason, the whole Blip.tv team, Gracie, Henrik, Jeff S. and Shawn to name just a few. 

There have been more, and I cant thank you all enough for providing your support and patience as we grow. We know that it is a community in action that accomplishes more than any individual does, no matter how strong they may be.  Spread the word, keep up the enthusiasm, and continue to be a part of something from the ground floor. 

Here is to a great 2009,

John and the Cutcaster team


« Reply #1 on: January 05, 2009, 11:58 »
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Happy New Year John! It was fun and interesting to watch Cucaster's development over the last year. You and your team is doing and awesome job! You are listening to the contributors and buyers, and react fast to problems. I wish you good luck to all your goals for the year 2009.

« Reply #2 on: January 05, 2009, 12:07 »
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I hope you have a great 2009 John.  Those goals look good and it will be great if you can do all that in a year.

The problem with sites outside the top 7 is getting enough sales going to keep their contributors happy.  So far many sites have failed on that one.  I thought Lucky Oliver was just about cracking it but unfortunately that didn't work out.  Hopefully you will find the right strategy to pull this off, I am sure it is possible.


gbcimages

« Reply #4 on: January 05, 2009, 13:14 »
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I also hope you meet your goals for this year for the site.If anyone deserves it you do John,and we contributors should do our best to help grow the site.

Gary

« Reply #5 on: January 05, 2009, 20:45 »
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If you have other ideas for what we can do to attract more buyers I would LOVE to hear them.

Offering genuine 16-bit TIFFs (from RAW). SS offers TIFFs from JPG which is kinda funny, like making eggs out of omelet. DT offers RAWs but except in very controlled studio situations, there is always some cloning done as to logos etc. TIFFs are unbeatable for the crispness of illustrations and isolations since the JPG algorithm is not really suited to this kind of material, even at quality 12.

« Reply #6 on: January 06, 2009, 08:28 »
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Best wishes and Good Luck for 2009 John! I'm still loving your attitude and ideas and I'll stick with it :-)

graficallyminded

« Reply #7 on: January 10, 2009, 11:54 »
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John as a graphic designer, I personally know that every one of us subscribes to GDUSA, a free trade publication.  I stressed this to Bryan at Lucky Oliver back in the day, but I don't think they had the budget for it.  All of the major micros advertise in it - it might be a little pricey, but even a half or quarter page ad with some incentive like a free download would get some exposure and traffic to the site. 

I'm not sure if you've done much magazine advertising as of yet, I know it can get pricey.  I used to design magazines for a living, and many of the ads that were placed in them.  We would sometimes get $5000 a page (for one issue) and that was on smaller trade publications and association magazines.  Check out www.gdusa.com

Maybe advertising with them would be cheaper than Communication Arts, Photoshop Magazine, or Layers.



 

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