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Author Topic: 2014: your image market predictions & personal resolutions ?  (Read 16591 times)

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« Reply #25 on: December 21, 2013, 18:40 »
+1
You go first second.

OK: I think Symbiostock has the potential to be one of the biggest stories in 2014. I am not part of it but can see that it is a big achievement already. I could definitely see groups emerging from within it and forming their own mini-agencies whilst still being in some ways part of the wider project as a whole. I would expect to see some big 'players' joining which should give it a boost. Maybe even subscriptions. It needs to be a much more unified customer experience like an agency - but I have no doubt that will gradually happen and especially within smaller groups.

Personally - Alamy RM and Airbnb is becoming a big part of my life. And much smaller cameras - since I like to be able to travel with only carry-on luggage.

I really hope you are right on Symbiostock! :D


lisafx

« Reply #26 on: December 21, 2013, 18:50 »
+2
2014 will be amazing.

we are planning to triple our income comparing to 2013.

how do you know the next year sales? crystal ball? ;D

edited: you guys can hide this post but I haven't said anything stupid, how can anyone know if agencies will maintain/lower royalties or even some closing doors or dramatic changing in terms of searches or lowering marketing or approving different content? I can only understand "triple income" statements if there is inside info regarding future earnings, yes I mean deals ;)

Jeez Luis, you make a joke and people act like you peed in their conflakes ;)

FWIW, I agree with you - too many variables in this industry and too many changes in too short a time to make any firm predictions. 

I can only predict I will keep at it and try to come up with good ideas and execute them with care.  Anything beyond that is out of my control and therefore beyond my ability to predict :)
« Last Edit: December 21, 2013, 18:54 by lisafx »

« Reply #27 on: December 21, 2013, 18:52 »
+6
I hope Symbiostock takes off, but I'm not getting on board yet. The problem I see is lack of committed developer support going into the future.

« Reply #28 on: December 21, 2013, 18:53 »
+2
I really hope you are right on Symbiostock! :D

i only really said that I think it will be one the biggest stories; that I see it as a great achievement; that I think mini-agency like groups will emerge within it and that some big 'players' will likely adopt it.

I didn't predict anything about money or market share. I think I was making a relatively neutral prediction tbh.
« Last Edit: December 21, 2013, 18:56 by bunhill »

« Reply #29 on: December 21, 2013, 20:18 »
+2
2014 will be amazing.

we are planning to triple our income comparing to 2013.

how do you know the next year sales? crystal ball? ;D

edited: you guys can hide this post but I haven't said anything stupid, how can anyone know if agencies will maintain/lower royalties or even some closing doors or dramatic changing in terms of searches or lowering marketing or approving different content? I can only understand "triple income" statements if there is inside info regarding future earnings, yes I mean deals ;)

Jeez Luis, you make a joke and people act like you peed in their conflakes ;)

FWIW, I agree with you - too many variables in this industry and too many changes in too short a time to make any firm predictions. 

I can only predict I will keep at it and try to come up with good ideas and execute them with care.  Anything beyond that is out of my control and therefore beyond my ability to predict :)

I agree, much appreciated Lisa! :)

« Reply #30 on: December 21, 2013, 21:18 »
+1
I hope Symbiostock takes off, but I'm not getting on board yet. The problem I see is lack of committed developer support going into the future.

You could always spend a little of your own money and have another coder tweak it to be exactly what you need. Here's a good place to start.

« Reply #31 on: December 22, 2013, 03:30 »
+1
H'mm marked down for asking for evidence?

Ron

« Reply #32 on: December 22, 2013, 06:09 »
+2
If someone says they are planning to triple their income they dont need a crystal ball. The key is in the word planning. If you have 10k images on 10 agencies, and you are going to add 30k more and expand to 20 agencies you can say you are planning to triple your income

« Reply #33 on: December 22, 2013, 06:35 »
+2
Thats right though you need to take into account that any additional agencies are likely to be lower earners. Whilst you can plan increased income I wouldn't take out a loan based on it  ;)

Lucadp

« Reply #34 on: December 22, 2013, 07:12 »
+4
the same things that i've done over the last three years:
model, render, upload, sell, request payment...model, render, upload, sell, request payment...and so on :)

« Reply #35 on: December 22, 2013, 08:14 »
0
If someone says they are planning to triple their income they dont need a crystal ball. The key is in the word planning. If you have 10k images on 10 agencies, and you are going to add 30k more and expand to 20 agencies you can say you are planning to triple your income

sure, we can say whatever we wish!

« Reply #36 on: December 22, 2013, 09:08 »
+5
I have a choice, I can choose between two options:

1.. Either I can put more work into my pictures, more photoshopping and more travelling around to get the well selling pictures in the 2-3 digit class to try to compete.
2.. or  I can chose to seek out the easy pictures. Like when Im already carrying my camera and I just have to point at a roadsign to make a stockphoto. A click, and it will earn 5 dollars.

Well, I took that decision already in 2010. When I found out I couldnt compete. So I only make cheap and easy pictures for stock, or what  I stumble over.
The eleborate works, go elsewhere, is not done, or I might even, if I have already done something elaborate for a different purpose, upload it to stock and get 50 dollars in return. Just because the picture is already done.
Advanced works, and dedication is not an option in the stock market anymore.

We are working for pennies, and I simply try to ajust my hourly wage to a decent amount.

« Last Edit: December 22, 2013, 15:38 by JPSDK »

« Reply #37 on: December 22, 2013, 09:23 »
+4
Or make "cheap" photos look expensive ;)

« Reply #38 on: December 22, 2013, 12:07 »
+3
6 years in microstock producing 1000-1200 pictures/year during recent years ...

I've got 35% increase of microstock income in 2012, and about 15% in 2013.

2014?
I would be happy if I can keep the same level of income from microstock and devote more time for other projects.

BTW. I am not checking my monthly sales stats any more. I am just counting actual payments and looking at this from the annual perspective. In early years, I used to have a regular growth of sales every month. Nowadays, it's more complicated with a lot of month to month variability and different payment schedules.

lisafx

« Reply #39 on: December 22, 2013, 17:25 »
+2
Or make "cheap" photos look expensive ;)

That is definitely the holy grail of microstock :)

Grafix04

« Reply #40 on: December 22, 2013, 22:09 »
+3
Or make "cheap" photos look expensive ;)

That is definitely the holy grail of microstock :)

That was true 10 year ago.  Today the holy grail of microstock is making expensive photos cheap - at our expense.

2014, my goal is pretty much the same as my goal has been this year and last - to disassociate myself from agents and photographers who continue to contribute to the pressure of cheapening my images and join forces with those who know their worth and who demand to be remunerated appropriately.  The rest can kick rocks.

Uncle Pete

« Reply #41 on: December 23, 2013, 10:00 »
0
I have a choice, I can choose between two options:

Agree with the rest of your message also. I'll add my two options:

1. Cut Bait
2. Or Fish

First is create new, second is start editing things that I have in the Working folders on the hard drive. I have much more shot, to be edited, than I can shoot in the next year. Thus, time to start fishing and stop creating more unfinished projects.

While some people wish to expand by adding new, more equipment, more staff, getting bigger, I think the idea of creating product for less, based on the lower returns, can be a good plan. Lower expenses, lower production costs = greater profits and more income.

I do have two goals for 2014.

First: Get the independent site up and running, whatever software it takes. Nothing fancy I just want to have a way to show a special collection I'm working on, and have an easy cart with one time use license. CHEAP! (that would exclude places that charge per month for warehousing my images and I do the promotions. Also anything that has Pay software which will exceed the expected returns for the first two years)

Second: Start adding much more Editorial to SS. That used to be sent to Alamy exclusively, but they have fallen off so much that SS presents a better opportunity for returns on efforts. License conflict has had me only adding a test batch to SS because of that RF/RM issue. Follow the money.

Three: (oh wait, I said two didn't I?) I guess three will have to wait for 2015.  :)

Or make "cheap" photos look expensive ;)

Yes!


Diversify.  That's my word of the year.

This is the right advise. I am trying to expand the breadth of my port and also started shooting video in addition to stills. I currently only have 20 vids or so on p5 and SS with no sales. Like images I know I need usable content and a lot of it. I need to apply to a few more agencies but will probably keep my videos to only certain agencies unlike the 10 I am on with pics.

No No - people need to specialize and find a Niche'   ::)

I find it interesting that both answers are good answers, depending on what ones goal may be. Diversify is good. But specializing is also a good plan?
« Last Edit: December 28, 2013, 10:56 by Uncle Pete »


« Reply #42 on: December 23, 2013, 13:15 »
0
Diversify.  That's my word of the year.

This is the right advise. I am trying to expand the breadth of my port and also started shooting video in addition to stills. I currently only have 20 vids or so on p5 and SS with no sales. Like images I know I need usable content and a lot of it. I need to apply to a few more agencies but will probably keep my videos to only certain agencies unlike the 10 I am on with pics.

« Reply #43 on: December 23, 2013, 14:50 »
0
I predict Another Record Year in sales and in SS Stock!
Perhaps it will Split and even be MORE FUN!
One can only hope

Merry Christmas to all

:)

Ho Ho Ho

« Reply #44 on: December 24, 2013, 17:47 »
0
Well, I have dived into microstock about 15 months ago and I don't think I did as much work as I could, but even with those conditions I got almost 800% portfolio income increase compared to December 2012. (from 60USD to 480USD)

I believe SS, Stocksy, FAA and Alamy are leaders  which will significantly continue to grow. This should help us to get the best of us, providing enough income for us to stick in this industry. At least for those, who are willing to take this seriously! :)
« Last Edit: December 25, 2013, 02:15 by 3pphoto »

« Reply #45 on: December 26, 2013, 15:28 »
+1
I hope Symbiostock takes off, but I'm not getting on board yet. The problem I see is lack of committed developer support going into the future.

Sort of agree.  It needs to works as a proper business where the founder can generate a decent income from it and continue to lead it.

« Reply #46 on: December 27, 2013, 17:29 »
0
Quote
If someone says they are planning to triple their income they dont need a crystal ball. The key is in the word planning. If you have 10k images on 10 agencies, and you are going to add 30k more and expand to 20 agencies you can say you are planning to triple your income
Quite correct!
Tripling the number of images should triple the income, while doubling the number of agencies will do nothing.

lisafx

« Reply #47 on: December 28, 2013, 00:02 »
+1
Quote
If someone says they are planning to triple their income they dont need a crystal ball. The key is in the word planning. If you have 10k images on 10 agencies, and you are going to add 30k more and expand to 20 agencies you can say you are planning to triple your income
Quite correct!
Tripling the number of images should triple the income, while doubling the number of agencies will do nothing.

Tripling your images doesn't triple your income.  Would be nice if it did, but I never heard of it happening.  Too many other factors in play. 

« Reply #48 on: December 28, 2013, 01:55 »
0
I plan to increase the average spend of my portrait customers (mostly Belly/Baby photos) so that this income will cover the loss of microstock.  This is what happened in 2013, so diversification worked for me.  I also plan to let portrait work not take ALL my time, because if I stop shooting stock, stock income will surely go down a lot more.

Leo Blanchette

« Reply #49 on: December 28, 2013, 03:43 »
+1
Image market predictions?

The way to go is not images, but multipart files.

PSDs, 3d files, etc. Stuff with multiple parts customers can work with. I'm surprised its not a more popular approach already.

This is not my own insight - someone else's -- get out of Microstock and find a more dignified way to sell such as RM. Of course I don't sell RM, so I'm just echoing stuff. But it make sense.

My goal is to make Symbiostock more easily assimilated by everyone - developers and users. A general cart for downloadable items, with emphasis on images. Also a prestine out-of-box look, then make it available in several popular market places and as a sort of standard for anyone serious about their online presence. Possibly not even dependent on Wordpress.

Of course there's the other 50% chance I'll just drop it and go back into 3d and other development. I've been tempted with making a living in electronics and getting out of the strictly digital stuff. Choices, choices...

I think 2014 will finally give us flying cars and possibly aliens will come looking for intelligent life and leave disappointed.


 

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