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« on: June 20, 2013, 16:29 »
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« Last Edit: May 12, 2014, 00:01 by tickstock »


JFP

« Reply #1 on: June 20, 2013, 23:08 »
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Can you choose to place your file only in RM on Photographer's Choice?

« Reply #2 on: June 20, 2013, 23:29 »
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« Last Edit: May 12, 2014, 00:01 by tickstock »

« Reply #3 on: June 21, 2013, 01:12 »
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Yeah but it's $50.

I though the first ten images are free, and for each image sold for the first time you get another free slot. Or did they change that?

« Reply #4 on: June 21, 2013, 16:52 »
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« Last Edit: May 12, 2014, 00:01 by tickstock »

« Reply #5 on: September 03, 2013, 17:17 »
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They normally offer the first 10 slots free. Years ago I had a problem with it when the RPI/year was over $400. A year ago I checked with 4 Getty photographers and they all averaged under $40 RPI/Year. So in that time the RPI is only 10% of what it was yet they still have not reduced the price to stay the same percentage.

Lets have some of Sheldon's fun with math....
For simplicity sake we'll avoid the "free" slots and fractions of percentages.

Lets say you spend $10k with Getty for 200 images.
Artist -$10,000  Getty +$10,000.
Artists RPI $40/Image/Year
Artists PC Commission is 35%
Getty sells image for $115
Getty Pays Artists 35% = $40
Getty Profit $115-$40= $75
Assuming you did good enough to get an RPI of $40,
Getty 200 images x $75 = $15,000 + your $10,000 payment = +$25,000
You 200 images x $40 = $8,000 - your $10,000 payment = -$2000
Of course this is assuming you did good with an RPI of $40 in this day and age.
So after 1 year you are out $2000 and Getty is up $25,000.
It's pretty obvious why Getty loves Photographers Choice.
There are other variables that can't be calculated, such as 2nd year sales and free slot placements, but even if you sold 20% of your images within a year you would only get 40 free slots.
Just seems a very difficult business proposition to swallow.


« Reply #6 on: September 03, 2013, 17:27 »
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« Last Edit: May 12, 2014, 00:01 by tickstock »

« Reply #7 on: September 03, 2013, 18:27 »
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If you sell 200 images in that year and get 200 free spots, and those sell too (assuming the RPI of $40), then the photographer will earn $16,000 - 10,000 = $6,000. That's a decent profit for a $10K investment in one year (of course we're discounting the cost of the photos etc).

Do you have to be accepted by Getty to do PC or can anyone who's willing to pay to play upload their images via that route? And do you pay a one-time fee of $50 or is that an annual fee? It does seem outrageous that they get the lion's share of the profit on photos that you have paid to have them host, but I've heard of others in PC who feel the investment was worth it.

Anyone else care to comment?

« Reply #8 on: September 03, 2013, 18:39 »
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« Last Edit: May 12, 2014, 00:02 by tickstock »

« Reply #9 on: September 03, 2013, 18:57 »
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From what I remember it was 10 free images a quarter for RF in Photographer's Choice. And if you get good sales, you could ask them to increase the free slots. I think they would look at your sales anyway once a year.

The return in sales for me was exactly like having a file in Photodisc, at least for sales on the Getty site. But Photodisc gets additional exposure from partners, I am not sure PC was distributed as widely.

I would usually submit to House first and if a series or image was declined, but I felt it had good sales potential on the plattform, I would send it to PC. Got quite a few decent sales this way.

But when we could nominate E+ I stopped submitting directly to Getty. E+ gave double exposure and put me in control. Excellent combination and files that were on both istock and getty always earned a lot more than files only on getty.

Anyway, good luck! I would suggest to go over the Getty database with a fine comb and look for what is missing. Inspite of their millions of files, they have huge gaps in the collection or subjects that need to be refreshed.

Another advantage is that you can see which country the file was sold in. This is really helpful, to see if the target group you are trying to reach is really buying your files.

ETA: for all the work you do for them here, I am surprised they havent given you a house contract yet. Your giving them a lot of free PR. There is value and a price on this kind of dedication.

And if you do submit directly, please come back here and report if you think it is a good financial and overall experience.
« Last Edit: September 03, 2013, 19:49 by cobalt »

shudderstok

« Reply #10 on: September 03, 2013, 20:04 »
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are you a contributor to the house collection? if so, just click the RM box and leave the RF blank. then it might make it into RM for free.
apart from paying for image placement, this is a double edged sword for a few reasons. firstly, if you image does not sell, you have wasted your money, however if it sells chances are you will do very well with it.
the other part of the equation is that since the introduction of IS and microstock in general, rates for images have totally been in free fall in terms of sales price and royalties offered. when i started IS they only offered 20% and sold my images for $1, and sadly the industry has followed by reducing pricing and royalties. the nice thing however is that you do get 30% - 40% royalty which will more than pay you back if the image sells.
i used to pay to get my work into RM and without a doubt made my money back a thousand fold, but in today's climate i would not pay to have my work to be placed into RM, and being a house photographer they pick and choose where my image is place either in RM or RF, and that for me seems to be working wonders.

« Reply #11 on: September 03, 2013, 20:22 »
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« Last Edit: May 12, 2014, 00:02 by tickstock »

« Reply #12 on: September 03, 2013, 20:52 »
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Getty's Photographer's choice is RM and RF. RM you get 10 free slots with signing and then they cost $50/slot. If an image sells within a year you get another free slot. Getty PC RM pays 35% for out of home and 40% for home territory.
Getty PC RF accepts up to 40 images per quarter for free. Royalties pay 20%.
You need to be approved to be able to submit.

« Reply #13 on: September 03, 2013, 20:53 »
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« Last Edit: May 12, 2014, 00:02 by tickstock »

« Reply #14 on: September 18, 2013, 15:28 »
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« Last Edit: May 12, 2014, 00:10 by Audi 5000 »

« Reply #15 on: December 13, 2013, 13:22 »
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« Last Edit: May 12, 2014, 00:02 by tickstock »

« Reply #16 on: December 13, 2013, 13:38 »
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There are limits though. 50 images per quarter RF and 20 image per quarter RM.

« Reply #17 on: December 13, 2013, 14:04 »
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« Last Edit: May 12, 2014, 00:10 by Audi 5000 »

« Reply #18 on: December 13, 2013, 14:19 »
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What is "Photographers Choice"?

« Reply #19 on: December 13, 2013, 14:24 »
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A chance to buy your way into the Getty Images collections.

« Reply #20 on: December 13, 2013, 14:57 »
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« Last Edit: May 12, 2014, 00:02 by tickstock »

« Reply #21 on: December 13, 2013, 19:53 »
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But how (i.e. where) would one even join it today?

« Reply #22 on: December 13, 2013, 20:00 »
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« Last Edit: May 12, 2014, 00:10 by Audi 5000 »

« Reply #23 on: December 13, 2013, 22:41 »
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The $50 per image will cease to exist, it is being replaced by the 20 RM images per quarter.

« Reply #24 on: December 14, 2013, 16:01 »
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Sounds like an interesting offer. I think for RM Getty might be a genuinely good choice. The only drawback is that once the files are in their system you cannot deactivate them individually,the way you can on Alamy or other places. The only way to get them taken down is to cancel the contract.

But with RM you are probably not expecting a large volume of sales anyway.

If people try it,it would be nice to get some feedback here,especially compared to the other RM outlets or selling RM direct.

tickstock - we look forward to your report, both rf and rm.
« Last Edit: December 14, 2013, 16:03 by cobalt »


 

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