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Author Topic: Stock "factories" slowing uploads?  (Read 31465 times)

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« on: April 14, 2010, 20:43 »
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Strange thing, this month big "guns" (Yuri, Iofoto, Monkeybusiness) have not any uploads at Dreamstime. Usually they upload hundreds/thousands files. Are they preparing something? (boycotting new uploads limits or going exclusive)


« Reply #1 on: April 14, 2010, 22:32 »
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maybe they all joined the PPA and finally figured out that running a microstock image factory has the highest expenses and bottom of the barrel profits compared to all the "non-celebrity-status" fields of professional photography. So now they are going to focus on the general public and make irregular uploads to micro simply for the fact that it allows a portrait studio the opportunity to generate and justify an insane amount of tax deductions on things that normally could not be classified as an expense for a portrait business.  :D ... That would be the smart thing to do from a financial viewpoint.

« Reply #2 on: April 14, 2010, 22:57 »
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Deduct what exactly?

« Reply #3 on: April 14, 2010, 23:11 »
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Deduct what exactly?

Anything appearing in a stock photo  ;)

nruboc

« Reply #4 on: April 14, 2010, 23:36 »
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Strange thing, this month big "guns" (Yuri, Iofoto, Monkeybusiness) have not any uploads at Dreamstime. Usually they upload hundreds/thousands files. Are they preparing something? (boycotting new uploads limits or going exclusive)

Interesting, good observation

« Reply #5 on: April 14, 2010, 23:48 »
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the best deductions that you can add to your studio from micro are travel related expenses that would not normally be associated with your regular business practice like hotels, extended mileage and all the stuff on the way like food, drinks, etc. Simply running the studio you will also have mileage, etc. but it will for the most part be localized. Now add in the micro accounts and you can now count that as an extension to your studio.
So let's say my wife and I just dropped the kids off to spend the weekend at the grandparents .. we're driving in the car and I say "hey we don't have any appointments this weekend let's head out to the rockies" ... we stop by the house, grab some clothes .. and the camera bags of course (it's a business trip after all) . 10 hours later we're in Denver and ready for a weekend of fun shooting. Come home upload a few shots and now we have another 3,000 miles to throw in the books .. plus hotels receipts, restaurant receipts and a few souvenirs that we will use for props in something or other. The deduction for mileage is rated pretty high in the US .. so in a few days we could easily make the total deductions for that expedition come up to 5 times the actual cost of the trip.
Now you have tons of additional deductions that can offset the fact that you are making 2000-5000% profits per client with the portrait end .. lower your income (on paper) and the best part is you put little work into a huge return vs. a ton of work into a small return.
Basically micro could fall completely in the crapper but I'd still upload here and there simply because I profited so much in the long run by claiming it as a loss.

Corporations do this all the time. It's not uncommon for a manufacturer to keep a crap factory in operation simply so they can claim it as a loss every year to offset the primary plant ... same principle .. microstock is the crap factory you keep in operation.

« Reply #6 on: April 15, 2010, 00:48 »
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Saying you claimed a deduction of five times more than you spent is probably not a good thing to say on a public forum. Neither is saying you charge your clients 200-500 times more than your cost. That kind of stuff can come back to haunt you ...

« Reply #7 on: April 15, 2010, 01:19 »
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Strange thing, this month big "guns" (Yuri, Iofoto, Monkeybusiness) have not any uploads at Dreamstime. Usually they upload hundreds/thousands files. Are they preparing something? (boycotting new uploads limits or going exclusive)

Interesting, good observation

Yes, it looks like the what-will-yuri-do six month clock has started ticking ... September will be an interesting month. That he has cohorts will make it doubly so - heads up all you lifestyle shooters!
« Last Edit: April 15, 2010, 01:26 by sharply_done »

« Reply #8 on: April 15, 2010, 02:41 »
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I just can't imagine Yuri going exclusive, unless he is being paid a big fee.  Perhaps he is now concentrating on the macro sites?  It could just be the Easter break, lots of people take time off this time of the year.

« Reply #9 on: April 15, 2010, 03:04 »
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He's uploaded to istock on April 5th. And he's been uploading video there.
« Last Edit: April 15, 2010, 03:06 by averil »

« Reply #10 on: April 15, 2010, 03:33 »
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Andresr is still uploading but I think he is not very concentrated on this task. Take a look on titles and keywords of his last images (especially the reading man) ;D

« Reply #11 on: April 15, 2010, 04:34 »
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.
« Last Edit: April 15, 2010, 05:50 by gostwyck »

lisafx

« Reply #12 on: April 15, 2010, 08:29 »
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Deduct what exactly?

To continue the interesting, but OT tax discussion...

I am not as liberal with my deductions as Randy ;), but I do deduct all my props, mileage, meals when I entertain models (which is often since it is part of their "reward" package for modeling), gift cards I give out when a model's picture reaches 500 or 1000 downloads, etc.  I also deduct computer and office related expenses along with the obvious deductions for gear. 

« Reply #13 on: April 15, 2010, 14:14 »
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Andresr is still uploading but I think he is not very concentrated on this task. Take a look on titles and keywords of his last images (especially the reading man) ;D

Hey Rene, thanks for pointing out. I just fixed some will fix the others later because there were too many mistakes. It was in the actual uploads the mistake rather than the embedded keywords ..... one uploader less at the company and  thanks to your remark as I found tons of mistakes everywhere made by him.

« Reply #14 on: April 15, 2010, 19:04 »
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Saying you claimed a deduction of five times more than you spent is probably not a good thing to say on a public forum. Neither is saying you charge your clients 200-500 times more than your cost. That kind of stuff can come back to haunt you ...

No reason to not discuss it publicly. It's 100% legal. The US federal gov sets a rate for mileage and that rate is a lot more than the actual cost of the travel expense. For example, 2009 standard mileage was rated at $0.55 per mile. If you're driving a vehicle that gets 30 miles to the gallon then you can deduct $16.50 per gallon .. If the price of gas is $2.50 per gallon it become pretty obvious how you can benefit from racking up the business miles traveling by car. If I drive 30 miles to shoot micro will it turn a profit .. sure .. if I drive 4000 miles to do a single nature micro shoot will it be a profit .. nope it's most likely a loss .. however, you just had an awesome trip taking photos and racked up $2200 in mileage deductions and only spent $334 in gas doing it .. you just profited $1866.

As for the markup .. 2000%-5000% markups is standard practice in professional portraiture, senior graduation and weddings in the United States ... has been for decades .. going beneath this level is only common to the MWACS .. no offense moms I didn't invent the term  ;) .. and they tend to not get any real business anyway .. typically they have little photographic experience and combined with their lack of business management they never stay in the game long .. at least not on a competing level. General public pays for your skill, technical perfection and creativity .. if they want to get prints done for less they can go grab a point n shoot and let their drunk uncle or their friends mom take them and have them printed up at Wal-Mart.

To continue the interesting, but OT tax discussion...

I am not as liberal with my deductions as Randy ;), but I do deduct all my props, mileage, meals when I entertain models (which is often since it is part of their "reward" package for modeling), gift cards I give out when a model's picture reaches 500 or 1000 downloads, etc.  I also deduct computer and office related expenses along with the obvious deductions for gear. 

You can also add in some extra mileage when you are just out scouting new locations to take your models for their shoots. That can add up over the course of the year.

ap

« Reply #15 on: April 15, 2010, 21:17 »
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this is all really interesting and thanx for the tax tips on tax day.  ;)

but, er, have you ever been audited? as an individual or company?  :o

« Reply #16 on: April 15, 2010, 23:14 »
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this is all really interesting and thanx for the tax tips on tax day.  ;)

but, er, have you ever been audited? as an individual or company?  :o

nope I've never been audited .. I triple check everything before the taxes are filed. The percentage of americans who get audited every year is actually extremely low .. like 1% and it's normally because they have a bunch of errors or they might be creating extremely high expenses on an extremely low income. So if you used my method and you're only photography income was from stock .. then yeah that is not going to look right at all to the IRS. However, if you are marketing yourself in non-stock fields like portraiture, seniors and weddings then your dealing with a much larger profit system and your income should more than justify the additional expenses generated from the stock work. That is unless you're running your business with MWAC management. If you are charging $10 for an 8x10, have senior packages starting at $199 with unlimited poses or advertise weddings on craigslist for $500 all day all images on CD ... you're in the realm of the MWAC and your camera will eventually end up in a pawn shop somewhere.  :P

« Reply #17 on: April 16, 2010, 04:24 »
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I agree with Randy that most countries have a 'base rate' that you can claim for vehicle expenses if you don't want (or can't)  log actual expenses.  Sometimes there is stipulations weather you have to log actual expenses and miles used for private / work or when you can just claim the fixed rate.

That said, your vehicle expenses are a lot more than just gas.  You are also racking up more miles on your vehicle which is lowering the resale value, using the engine which will require repair, tires, oil, insurance, etc.etc.  I don't actually think the fixed rate is so far off what it really costs - of course it depends on what vehicle you are driving and I agree with Randy that if you are driving a very cheap vehicle you will probably end up on the plus side.

« Reply #18 on: April 16, 2010, 10:44 »
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Confused... rene starts the thread talking about uploads by the big guns and soon everyone is talking about tax!  ???

« Reply #19 on: April 16, 2010, 12:51 »
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Confused... rene starts the thread talking about uploads by the big guns and soon everyone is talking about tax!  ???

Also called getting off topic. And I for one lose interest in the entire thread. The TAX posts should be cut and pasted into a new thread. That way the original post could be commented on.

My 2 cents.

-Larry

« Reply #20 on: April 19, 2010, 03:01 »
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Confused... rene starts the thread talking about uploads by the big guns and soon everyone is talking about tax!  ???
Thank you Dunsmore. Even Leaf is against me ;)
Back to the topic. After check today, Yuri, Iofoto and Monkeybusiness have uploaded to different sites this month but not to DT.

« Reply #21 on: April 19, 2010, 03:12 »
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Andresr is still uploading but I think he is not very concentrated on this task. Take a look on titles and keywords of his last images (especially the reading man) ;D

Hey Rene, thanks for pointing out. I just fixed some will fix the others later because there were too many mistakes. It was in the actual uploads the mistake rather than the embedded keywords ..... one uploader less at the company and  thanks to your remark as I found tons of mistakes everywhere made by him.
You are lucky, I was tempted by 0.02$ prime but I was in a good mood.  ;)
Funny that after all this "flagging campaign" DT's reviewers still don't do their work correctly.

« Reply #22 on: May 30, 2010, 01:10 »
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May is almost finished. Still zero uploads for many of best microstockers:
Yuri, Monkeybusiness, Iofoto, Avava, lumaxart (0 images in portfolio), Redbaron, PhilDate, BelleImages and many others
I don't think that all of them are going to be exclusive somewhere. Yuri said in SS forum, in thread related to DT (the topic seems to be deleted now) that he stopped uploading to Dreamstime because he works only with "professional sites"  Maybe others think the same, DT in not worth to work with.

« Reply #23 on: May 30, 2010, 01:36 »
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This can't be good for DT.  Would be nice to know the reasons why these people are no longer uploading and if DT care?  Surely not having those people on board is going to lose them business?  Other contributors might give up on them and buyers might look elsewhere for all those missing images.  

I sometimes get annoyed that they reject images that sell on other sites, they seem to want higher quality to sell as subs and that wont work, see what has happened to crestock.  Their similars rejections can also get tedious, letting the buyers decide what they want is sensible, not leaving it to the reviewers.

I might consider giving them higher quality images for higher commissions and if I could opt them out of subs but they are not offering us that.  Something is going to have to change or I don't like the future for DT.

« Reply #24 on: May 30, 2010, 01:55 »
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May is almost finished. Still zero uploads for many of best microstockers:
Yuri, Monkeybusiness, Iofoto, Avava, lumaxart (0 images in portfolio), Redbaron, PhilDate, BelleImages and many others
I don't think that all of them are going to be exclusive somewhere. Yuri said in SS forum, in thread related to DT (the topic seems to be deleted now) that he stopped uploading to Dreamstime because he works only with "professional sites"  Maybe others think the same, DT in not worth to work with.

didn't lumaxart put their whole portfolio up for sale and i thought Iofoto's gone back to doing macro only


 

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