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Author Topic: Exclusive buy out advice needed  (Read 6541 times)

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« on: January 23, 2008, 18:30 »
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Hi,

I've been asked to state the price for exclusive buy out for one of my images at LO and  I know what exclusive buy out really means but don't know how much to ask for it.

What are your suggestions, how much should I ask ? Has anyone ever sold an image like this ? What was the price ?

Thanks, Ljupco


« Reply #1 on: January 23, 2008, 18:59 »
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Just in case you don't know, an Exclusive Buyout on LO means that they can resell the image if they want to.  So they could buy your image and then submit it on all of the stock sites and generate income.  You might want to take that into account...

« Reply #2 on: January 23, 2008, 19:06 »
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You can check with Dreamstime, put in your main keyword(s), and see what kind of buy-out amounts they are asking there.

You will also have to remove it from all the other sites of course before you agree. Is it locked in anywhere?  Bigstock or Albumo?  In most cases they will allow the photo to be released (from what I hear), but it will certainly take a few days.

I don't have time to search for this thread right now, but I know the topic was brought up in the last 6 months.  I think there was good info on that thread if you search for it.  Maybe post the link here if you do find  ;)

« Reply #3 on: January 23, 2008, 19:09 »
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The recommended price for a buyout with dreamstime is $350.  There have been sales for much more than that, it depends on how much the buyer wants the image.

« Reply #4 on: January 23, 2008, 19:09 »
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first of  all congratulations!
how about trying  Alamy's price calculator?it may give you some idea especially if you know how the image is intended to use.
you may just find a file and calculate the price.
http://www.alamy.com 

as for reselling;I wouldn't see any problem with that if the deal is satisfying enough for you.
   
good luck

« Reply #5 on: January 23, 2008, 19:13 »
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The recommended price for a buyout with dreamstime is $350.  There have been sales for much more than that, it depends on how much the buyer wants the image.
Actually On DT recommended price varies depending on images but mostly usd 350 is the price they recommend.and you are right we heard of some buyout of 5K,obviously a lot higher than usd350

« Reply #6 on: January 23, 2008, 19:14 »
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The recommended price for a buyout with dreamstime is $350.  There have been sales for much more than that, it depends on how much the buyer wants the image.

That isn't totally accurate.  The default/suggested buyout price depends on how many sales the image has had.  It starts out at $350 for images with no sales.  For an image with 1 sale the suggested buyout price is $750.  For an image with 2 sales the suggested buyout price is $1000.  It then works its way up to $1000s and above for lots of sales.

You also need to remember that you will only receive 50% of the sale price (or 60% if you are exclusive).

« Reply #7 on: January 24, 2008, 00:52 »
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I didn't realize the price went up with sales, I suppose I only look at it when I am uploading images.  Are people going to pay more to buy out an image with lots of downloads?

« Reply #8 on: January 24, 2008, 02:04 »
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I just realize how stupid I was to upload to Albumo last year. All those images are locked for 400(?) days, and with no sales. I just read Karimala's warning about it too late. As to BigStock, they have a lock-in period of 3 months, but I'm quite confident that Tim or Dawn would make an exception for one photo if you'd ask nicely.

« Reply #9 on: January 24, 2008, 02:25 »
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Hey, thanks for that!

I didn't realise that the buyout price went up according to the number of sales. I never accept their default of $350 when uploading and usually put something between $750 and $1000 depending on what I feel about the image. It's pretty subjective.

But I've just checked some of my best-selling images and DT's recommended price is now way above what I've suggested. Have to do some tweaking.

However ... I must say I don't understand the reasoning behind DT's strategy. Surely, the more times an image has been sold, the less likely a buyer wants exclusivity.

I mean, if dozens of people have bought an image before you, with the right to use it RF, surely that makes it less desirable, so the price should go down.


« Reply #10 on: January 24, 2008, 04:17 »
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I suppose that they reckon that the more it sells the better the image.  The fact that an image hasn't sold on DT doesn't really mean anything though as it could have sold 100's of times elsewhere.

« Reply #11 on: January 24, 2008, 05:31 »
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I've contacted the staff at LO and afetr negotiations with the client I'll let you know of the outcome. Thanks for the support, Ljupco


 

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