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Author Topic: 123RF Commission Change  (Read 7400 times)

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stan

    This user is banned.
« Reply #25 on: August 28, 2012, 10:20 »
0

1. With regards to sales, we're looking to more than double the figure. 2011 was great for us, we're looking to make 2012 greater. Ultimately your sales as a whole will more than just improve. We are having month after month of improving sales, spurred on by the growth - We are spending more on advertising and promotions than ever before with more campaigns coming up soon, we're allocating a large proportion of sales revenue into various marketing channels and this is bearing fruit - I believe that most have enjoyed the increased sales throughout 2011. We're not slowing down on this.


So they're earning more and more and still that isn't enough for them, so they have to take money from our own cut. Does he know he doesn't make any sense? Does he even care if it does, since he knows the vast majority won't quit.

Sounds just like iStock, report increasing and fantastic profits, but to help us survive, we're going to need all you contributors take a pay cut.

But at least IS announced it right away, unlike 123RF that was misleading us with grandfathering everyone with over XY DLs. Meh, I don't even know why I bother complaining about it. I'll just delete my account at the end of the year.


« Reply #26 on: August 28, 2012, 11:11 »
+6
So they're earning more and more and still that isn't enough for them, so they have to take money from our own cut. Does he know he doesn't make any sense? Does he even care if it does, since he knows the vast majority won't quit.

Sounds just like iStock, report increasing and fantastic profits, but to help us survive, we're going to need all you contributors take a pay cut.

But at least IS announced it right away, unlike 123RF that was misleading us with grandfathering everyone with over XY DLs. Meh, I don't even know why I bother complaining about it. I'll just delete my account at the end of the year.

But iStock didn't just announce it right away. iStock said first that they'd double the levels to get to diamond (I'm not sure if all were double, but I think so) - 50K downloads vs. 25K. At first they said they'd grandfather everyone at their current level, but at the time I was gold approaching diamond and would effectively have had further to go in late 2009 to get to diamond than I did when I started in 2004.

Then they made many people (including me) happy by grandfathering you at the next level - i.e. golds could get to diamond with 25K and silvers get to gold at 10K etc.

Then they changed their mind and did the RC scheme. In between they had a scheme to let people become exclusive past their grandfathering deadline if they committed to become exclusive by some date in the summer of 2010. A number of people took them up on that, became exclusive by August and then in September they announced the RC scheme, effectively removing the reason people had been promised. It was totally, 100% despicable, underhanded, unethical behavior. And the "change anything any time" ASA let them do it.

I haven't pulled my port from 123rf but I haven't contributed anything new since they announced this cash grab. Sales bump along at much the same level as before for me. But I'm not supporting an outfit with new images that behaves that way - and given the standing in the polls, I don't think their happy talk about doubling sales is anywhere near happening. They just see other agencies grabbing more cash and think they should get them some too. Shame on them.

« Reply #27 on: August 28, 2012, 11:54 »
+2
Maybe my results are exceptional.  I'm seeing 77% better revenues this year over last.  I haven't redone my calculations, so I don't know if that will put me at 50 or 45% when/if they implement their plan. But it still leaves me feeling confident enough to continue uploading.  I don't compare 123's plan to what iStock and Fotolia did.  iStock already offered the lowest royalties in town when they cut them a further 20%.  Fotolia had adjusted royalties twice already; the third adjustment was the last straw for me.  123 hasn't made me quite that angry yet.

Poncke

« Reply #28 on: August 28, 2012, 11:58 »
0
I emailed them telling them they where the next agency to exploit the tog, and that I would pull my port. They responded with a one liner saying they will take my comments in consideration. The question how they figured  their drop in commission is  fair and motivating went unanswered.

« Reply #29 on: August 28, 2012, 12:02 »
0
Maybe my results are exceptional.  I'm seeing 77% better revenues this year over last.  I haven't redone my calculations, so I don't know if that will put me at 50 or 45% when/if they implement their plan. But it still leaves me feeling confident enough to continue uploading.  I don't compare 123's plan to what iStock and Fotolia did.  iStock already offered the lowest royalties in town when they cut them a further 20%.  Fotolia had adjusted royalties twice already; the third adjustment was the last straw for me.  123 hasn't made me quite that angry yet.

thats the problem, we have lower % in other agencies, we get used to it and we "forget" but it aint going to help us on the long run

WarrenPrice

« Reply #30 on: August 28, 2012, 12:03 »
0
I emailed them telling them they where the next agency to exploit the tog, and that I would pull my port. They responded with a one liner saying they will take my comments in consideration. The question how they figured  their drop in commission is  fair and motivating went unanswered.

Response to my "threats" was similar "Don't let the door hit you in the A$$."
 ??? ;)

ED: My interpretation of their response.   ;D
« Last Edit: August 28, 2012, 12:04 by WarrenPrice »

Poncke

« Reply #31 on: August 28, 2012, 12:10 »
0
I emailed them telling them they where the next agency to exploit the tog, and that I would pull my port. They responded with a one liner saying they will take my comments in consideration. The question how they figured  their drop in commission is  fair and motivating went unanswered.

Response to my "threats" was similar "Don't let the door hit you in the A$$."
 ??? ;)

ED: My interpretation of their response.   ;D

Its a shame really, utter disrespect and greed.

stan

    This user is banned.
« Reply #32 on: August 28, 2012, 13:24 »
+2
I don't compare 123's plan to what iStock and Fotolia did.  iStock already offered the lowest royalties in town when they cut them a further 20%.  Fotolia had adjusted royalties twice already; the third adjustment was the last straw for me.  123 hasn't made me quite that angry yet.

If you forget about royalty % for a second and compare the royalties at a certain file size, you'll see that FT pays you at least 50% more on average (depends on the level you're on and the pricing you set etc) and IS pays you a few times more, the largest size at 123RF gets me around 2$ while I get (on average) over 5$ at IS. And most people get more sales with FT and IS so that again makes a difference. That being said I don't like any of those agencies particularly, So I judge them by the money they bring me. And since both bring me a lot more than 123RF, IS for instance at least 10x more, then you can know 123RF is the least favourite among the unfavorite. The bottom line is the most important, their attitudes towards us are more or less the same anyway, so that doesn't really make a difference.

« Reply #33 on: August 29, 2012, 05:12 »
0
Does anyone know how often the contributor level will be updated? Once a month, once a year ?

CD123

« Reply #34 on: August 29, 2012, 07:56 »
+1
Does anyone know how often the contributor level will be updated? Once a month, once a year ?
Monthly.

« Reply #35 on: August 29, 2012, 08:51 »
0
I stopped uploading to them many months ago, being really pissed on their shady way of deducting customer discounts from us. I am around 3k right now so I'll probably "just make it" into 50%. Anything less and I'll drop them, or I'll just collect the earnings and never send them anything anymore.

« Reply #36 on: August 29, 2012, 09:29 »
+1
How can you check your number of RCs? I haven't found that option.


Look at the calc. tables they supply and check your DL stats YTD (quantities) for every dl type. Use the table to calc. your credits per type as per their table. Add all together and establish your Level from the level table.



http://davidgilder.com/misc/123RF_credit_calculator.html

« Reply #37 on: August 29, 2012, 10:43 »
0
How can you check your number of RCs? I haven't found that option.


Look at the calc. tables they supply and check your DL stats YTD (quantities) for every dl type. Use the table to calc. your credits per type as per their table. Add all together and establish your Level from the level table.



http://davidgilder.com/misc/123RF_credit_calculator.html


Thanks. Very useful.
The only problem is that I had to delete zeros for column LEL (Limited Extended Licence) that is in 123rf table but not in yours. But I don't remember that I have seen "LEL" in 123rf earnings few days ago.

CD123

« Reply #38 on: August 29, 2012, 12:00 »
0
From another thread where the calculator was mentioned and I tested it:

"One work from your Total Row, so not month and year. So put in 0 for month and 0 for year and then start with the totals starting at the subs column. If it/you made a mistake, refresh the page, else every time you click calculate it ads the new total to the previous calculation.

Formula error: This guy only give 5 credits for an EPS and it is 10 credits (XXLMH column). Double his quantity he has in there, then you are right."

Let us know if this is correct/incorrect David.


 

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