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Author Topic: Fotolia is cutting royalties for 2010 and will increase prices  (Read 29375 times)

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« Reply #25 on: December 17, 2009, 11:33 »
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Does anyone have the current numbers for bronzes? Sorry for the mis-information.  >:(


The old tables are here:
http://us.fotolia.com/Info/Contributors

and the new tables are here:
http://us.fotolia.com/Info/Contributors/Nonexclusivity


KB

« Reply #26 on: December 17, 2009, 11:40 »
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Does anyone have the current numbers for bronzes? Sorry for the mis-information.  >:(


The old tables are here:
http://us.fotolia.com/Info/Contributors

and the new tables are here:
http://us.fotolia.com/Info/Contributors/Nonexclusivity

Thanks! Couldn't find 'em.  ;D

Ok, here are the correct numbers (umm, I hope!). Much better than I'd thought (though the fact remains that our % cut goes down):

XS: -13% $0.32 --> $0.28
S: +31% $0.64 --> $0.84
M: +9% $1.28 --> $1.40
L: +23% $1.60 --> $1.96
XL: +17% $1.92 --> $2.24
XXL: +25% $2.24 --> $2.80

« Reply #27 on: December 17, 2009, 11:43 »
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This would matter to me if I ever sold anything on Fotolia other than xs and sub.  I will probably be removing my port now, I was borderline before, and I am not impressed.

KB

« Reply #28 on: December 17, 2009, 11:48 »
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This would matter to me if I ever sold anything on Fotolia other than xs and sub.  I will probably be removing my port now, I was borderline before, and I am not impressed.
I have to agree with that assessment. I do get an occasional M or larger sale, but they are only a bit more frequent than SS PPD sales. (That may be a slight exaggeration -- but only slight.)  ;D

If they had raised the sub sales commission, that would have a been a big positive. Too bad, they blew their chance.

Here are the changes for Silver. Levels above and below, please calculate and post them yourself.

XS: -9% $0.34 --> $0.31
S: +37% $0.68 --> $0.93
M: +14% $1.36 --> $1.55
L: +28% $1.70 --> $2.17
XL: +22% $2.04 --> $2.48
XXL: +30% $2.38 --> $3.10

« Reply #29 on: December 17, 2009, 12:00 »
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Does anyone know when this becomes policy?

« Reply #30 on: December 17, 2009, 12:05 »
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Does anyone know when this becomes policy?

Jan 1, 2010

« Reply #31 on: December 17, 2009, 12:08 »
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Thanks

« Reply #32 on: December 17, 2009, 12:45 »
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it's not all doom and gloom. I just did some number crunching (realizing its a small sample) - I would have made 15% more money so far in December had the new price structure been in effect, assuming the number of sales don't go down with the increased prices. I'm silver at FT.

« Reply #33 on: December 17, 2009, 12:52 »
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^^ That's about what I came up with, as well.

« Reply #34 on: December 17, 2009, 12:52 »
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They did not mention subscriptions, did they? I would say this again means that while credits go up, subscription stays the same making it more appealing.

KB

« Reply #35 on: December 17, 2009, 13:24 »
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They did not mention subscriptions, did they? I would say this again means that while credits go up, subscription stays the same making it more appealing.
Yep, that's exactly right, just like DT. (It is mentioned somewhere specifically that footage & subscription prices remain unchanged.)

It seems like DT & FT both want to go the same model as SS. Mainly a sub site with a few pay-per-download sales thrown in now and again. Even IS is getting into the act, except they are doing it via other sites (photos.com, and whatever the new getty sub site will be called).

« Reply #36 on: December 17, 2009, 13:28 »
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Just had a look at my last 100 sales 27% were subs, 32% were small or xs. Leaving the other 41% that would qualify for a rise in price.  I think that it will be more than enough to offset the loss that I would get as an emerald contributor so I see it as a positive thing.
ETA
Just noticed that small size are going up in price as well so will actually get a rise on 51% of my sales.
« Last Edit: December 17, 2009, 13:42 by fotografer »

lisafx

« Reply #37 on: December 17, 2009, 13:41 »
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I am not at all happy about this.  For the second year in a row Fotolia has cut our commissions.  That makes it a TREND with them, not an isolated incident.

Although I still get a fair number of L - XXL sales there,  buyers now have the option to buy the sub package that includes XL images.   I don't see this doing anything but pushing more buyers into subscriptions.  

If cutting commissions is Fotolia's idea of trying to keep contributor's happy I think it falls misearably short.  

And as for who gets the commission raise, that is what, 3 people?  I have been emerald for a couple of years now and I still only have 30k sales at Fotolia.  

This is the most serious push toward Istock exclusivity yet.  

« Reply #38 on: December 17, 2009, 13:48 »
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Lisa,

Since the last change have you made more or less money?  My monthly income has gone up considerably since the last change and I expect it to do so again based on the math I have done on the new price structure.  The added bonus for me personally is that I feel more confident in raising my prices to the maximum.  I have been hesitant to do so in the past as the difference from the standard was too high and seemed a strong disincentive to buy from me. 

As for subscriptions,  I think subscription buyers are subscription buyers regardless of regular sale prices.  Those buying individual photo's would not be compelled to pay a much larger monthly fee for the subscription unless they had the need for it already in my opinion. 




I am not at all happy about this.  For the second year in a row Fotolia has cut our commissions.  That makes it a TREND with them, not an isolated incident.

Although I still get a fair number of L - XXL sales there,  buyers now have the option to buy the sub package that includes XL images.   I don't see this doing anything but pushing more buyers into subscriptions.  

If cutting commissions is Fotolia's idea of trying to keep contributor's happy I think it falls misearably short.  

And as for who gets the commission raise, that is what, 3 people?  I have been emerald for a couple of years now and I still only have 30k sales at Fotolia.  

This is the most serious push toward Istock exclusivity yet.  

lisafx

« Reply #39 on: December 17, 2009, 14:10 »
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Lisa,

Since the last change have you made more or less money?  My monthly income has gone up considerably since the last change and I expect it to do so again based on the math I have done on the new price structure.  The added bonus for me personally is that I feel more confident in raising my prices to the maximum.

I have made more money, Mat, but I have also added over 1,000 images to my portfolio in the last year since the changes.  I can't be sure how much the additional sales are due to portfolio growth and how much is due to Fotolia's growth.

Fotolia was my #3 site in November of 08 and they were still my #3 site in November 09.  However my royalties at Fotolia only grew 22% over the past year, while my overall royalties grew 30%.  

To sum up, my Fotolia royalties grew 8% less than my overall royalties in the last year since the commission cut.  That is not growth, that is contraction.  Now they propose to contract even more.  Not good at all.

ETA:  Just ran the same numbers from istock.  My royalties at istock grew 72% in that same year's time!!  Holy frickin' cow!!
« Last Edit: December 17, 2009, 14:15 by lisafx »

« Reply #40 on: December 17, 2009, 14:11 »
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Since the last change have you made more or less money?  My monthly income has gone up considerably since the last change

Not mine. I'm bronze since ages and my ELs should be priced 50 credits according to the (old) table, but my 3 most recent ELs were sold for 10, 10, 20 credits, giving me 3.2, 3.2, 6.4$, while SS gives me 28$ for an EL. Are you supposed to ask to get the proper levels applied?
« Last Edit: December 17, 2009, 14:13 by FD-amateur »

RT


« Reply #41 on: December 17, 2009, 14:13 »
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@Matt Hayward,

You can't delete my post here so I'll make my point again and as far as I'm concerned you can ban me from the Fotolia forum as it's pointless discussing anything there if you're going to delete anything that doesn't praise 'Fotolia', you might want to read the forum rules over there as well.

Try and understand the way business works, the dollar amount is not the issue here it's the percentage drop, the reason Fotolia have put up their prices is because the cost of running a business increases each year, well guess what the same applies to contributors who are in this as a business and whilst Fotolia have increased their nett profit percentage from a sale they have decreased ours, I appreciate it's hard to understand if you're doing this for a hobby but I'll try to explain with a simple example: when the cost of running a business raises by a $1 getting an 80c rise is not considered an increase.

And for those that missed my post before it was deleted on the Fotolia forum- all I pointed out was that at the time when the market leader and Fotolia's biggest competitor had made an announcement that was making a large number of contributors seriously think about going exclusive I was surprised to see Fotolia make this announcement.

Sorry my post didn't fit in with your 'yes man' policy over there.





« Reply #42 on: December 17, 2009, 14:15 »
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What a load of RUBBISH!

Can you tell me what's the catch for me as a vector artist? Prices stay the same + commission is decreased! Are you freaking kidding me? How is this supposed to be good for vector artists?

istockphoto is already the best performer for almost any vector artist, and they will more than double the commission if we choose exclusivity and fotolia comes up with this rubbish!

And how easy it has become to cut down commissions. Ok I did agree to their terms and conditions when they said they can change it whenever they want but there are limits. I never could have thought they meant "commissions can be lowered" when they said "changes".

Wow! They are pushing the limits with this one. My vectors will stay at the same price + my commission goes down! Can you help me calculate my profit here?

« Reply #43 on: December 17, 2009, 14:15 »
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Since the last change have you made more or less money?  My monthly income has gone up considerably since the last change

Not mine. I'm bronze since ages and my ELs should be priced 50 credits according to the (old) table, but my 3 most recent ELs were sold for 10, 10, 20 credits, giving me 3.2, 3.2, 6.4$, while SS gives me 28$ for an EL. Are you supposed to ask to get the proper levels applied?
Yes, I emailed them and they changed mine.

« Reply #44 on: December 17, 2009, 14:16 »
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Good for you, Mat.  For me, not so much.  Yeah, my revenue from Fotolia has gone up this year over last.  But by a lower percentage than my total across all agencies, and easily explained by the growth in my portfolio over the same period.  I also have no ability to raise prices; I'm now years away from gold and unlikely to hit emerald in my lifetime.  That's no exaggeration, by the way; the way things are going, it'll be several decades before I get that many downloads, assuming of course they don't raise the bar once (or more than once) again in the interim.  Color me unimpressed, if not actively pissed off.

« Reply #45 on: December 17, 2009, 14:17 »
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"Fotolia continues to pay artists one of the highest royalty rates in the industry"

The word 'bollocks' comes to mind when hearing that quote

By cutting royalties really shows they are not looking after there members at all

« Reply #46 on: December 17, 2009, 14:18 »
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Sorry my post didn't fit in with your 'yes man' policy over there.

Does FT really delete posts on their contributor forum? My, my.  ;D
That's the reason I never go there nor post there.

vonkara

« Reply #47 on: December 17, 2009, 14:21 »
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@Matt Hayward,

You can't delete my post here so I'll make my point again and as far as I'm concerned you can ban me from the Fotolia forum as it's pointless discussing anything there if you're going to delete anything that doesn't praise 'Fotolia', you might want to read the forum rules over there as well.

Sorry my post didn't fit in with your 'yes man' policy over there.
I already worked for a company working that way. They are closed now. Not getting true feedbacks from employees is the main reason. Everyone were quitting in less than 6 months. I know Wal-Mart act the same way as well. Nothing good to be compared to

« Reply #48 on: December 17, 2009, 14:22 »
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Holy frickin' cow!!
Lisa, you could at least say it in Latin: Bovina Sancta! (but I don't know the Latin word for "frikin". Could that be "fotolia"?)  :P

« Reply #49 on: December 17, 2009, 14:36 »
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I have seen Mat's calculations here and on fotolia forum!

Hilarious  ;D

Ok Mat,

Currently my percentage is %34

When I sell an $8 vector I get $2.72

With fotolia's genius new structure my percentage will be %31

I will be getting $2.48 when I sell an $8 vector which happens very often.

So this year I make $2.72, next year I will be making $2.48 per vector. How do you expect to compensate this huge loss? It is huge considering I sell a lot of vectors.


I guess my Maths skills are not as good as yours.
« Last Edit: December 17, 2009, 14:38 by cidepix »


 

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