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Author Topic: Microstock Contributor Survey 2024  (Read 3469 times)

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ribtoks

  • Founder of Xpiks
« on: September 20, 2024, 01:49 »
+5
Hi all

I'm conducting a microstock contributor survey! Fill it out and win $100, Xpiks Pro+ or Pro license. And of course, I'll publish a detailed analysis later so you can benefit from the insights.

Take the survey

Also please let me know if any questions is not clear enough etc.

P.S. Is it me or forum became a bit too slow lately?

UPD. Survey results are being published here
« Last Edit: December 09, 2024, 06:36 by ribtoks »


« Reply #1 on: September 20, 2024, 05:19 »
+2
Please share the results here. I'm interested.

ribtoks

  • Founder of Xpiks
« Reply #2 on: September 20, 2024, 05:26 »
+2
Please share the results here. I'm interested.

I will share them here. Expect them in mid-November, after the poll will be closed and I'll have time to analyze them.

« Reply #3 on: September 20, 2024, 05:48 »
+3
Done! Relatively painless to do

« Reply #4 on: September 20, 2024, 06:11 »
+3
yes,the forum is often very slow,in the morning (Rome time) it is often better,in the evening worse.

I'll take part in the survey later,now it's sunny outside and I'm going for a walk in the park!  :)

ribtoks

  • Founder of Xpiks
« Reply #5 on: October 13, 2024, 00:49 »
+2
Big thank you to everyone who has filled it out!

If you haven't already participated in the survey, there's still time till the end of October!

zeljkok

  • Non Linear Existence
« Reply #6 on: October 13, 2024, 01:06 »
+2
Just filled, takes less than 2 minutes.  Quite easy

« Reply #7 on: October 13, 2024, 08:24 »
+1
Done, easy to fill out and thank you

ribtoks

  • Founder of Xpiks
« Reply #8 on: November 06, 2024, 08:05 »
+1
Small update: cutoff date is set to November 15th.

In case you haven't yet voted, please go ahead  ;)

zeljkok

  • Non Linear Existence
« Reply #9 on: December 02, 2024, 21:27 »
+3
Got today email link with results of this survey.   Anyone participated probably already notified, others it is well worth checking as it is really well done and quite informative in my opinion

https://xpiksapp.com/blog/microstock-survey-2024-earnings-analysis/

« Reply #10 on: December 02, 2024, 22:11 »
+1
Very interesting, especially that 50% of producers saw a growth of their income over the last year and only a small group saw a decrease.

With all the panic around ai you would think the situation would be completely different.

ribtoks

  • Founder of Xpiks
« Reply #11 on: December 03, 2024, 02:05 »
+2
50% of producers saw a growth of their income over the last year and only a small group saw a decrease

Just keep in mind that it's within people who responded to the survey. So there's a small bias there anyway. Maybe, people, who saw largest declines, did not fill the survey. We never know what we don't know.

But yes, it was unexpected for sure.
« Last Edit: December 03, 2024, 02:09 by ribtoks »

« Reply #12 on: December 03, 2024, 02:13 »
0
Well this place is frequented mostly by people who are serious about their stock income.

So I think this is valuable information.

People who think stock is just a slot machine and throw 1000 ai images a day into it and can't make a weekly payout are probably not here.

We all know that quality and research trump quantity.

So it is encouraging.

Personally I was overfilling my "plan" for 2024 until November came along. 100% or more yoy until October.

Now suddenly just the exact same income as last year, perhaps 100 dollars more. And December looks the same so far. Might even be less than last year.

Because these changes came abruptly I don't think it is a dramatic algo change or ai competition, I had that also all year long.

No, this was me making mistakes.

So I will do something different next year.
« Last Edit: December 03, 2024, 02:16 by cobalt »

ShadySue

  • There is a crack in everything
« Reply #13 on: December 03, 2024, 19:40 »
+1

Personally I was overfilling my "plan" for 2024 until November came along. 100% or more yoy until October.
Now suddenly just the exact same income as last year, perhaps 100 dollars more. And December looks the same so far. Might even be less than last year.

Because these changes came abruptly I don't think it is a dramatic algo change or ai competition, I had that also all year long.
No, this was me making mistakes.

So I will do something different next year.

Interesting conclusion.
I tend to think it something has changed abruptly (other than an overall price decrease), it's a dramatic algo change.
If it's a slower decrease, people are uploading better rival photos.

zeljkok

  • Non Linear Existence
« Reply #14 on: December 03, 2024, 21:01 »
+3


Because these changes came abruptly I don't think it is a dramatic algo change or ai competition, I had that also all year long.
No, this was me making mistakes.



Likely no mistake,  but simple fluctuation based on port specifics / seasonal demand.  We all tend to start inventing things - did algorithms change? AI? This? That?  When the truth is much simpler - Occam Razor in essence.

I remember on old, now extinct, Shutterstock Forum someone posting "OMG, it's already noon and I still didn't get download today.  What is happening??" 


« Reply #15 on: December 04, 2024, 12:33 »
0
I skimmed through the report - some interesting data. I do disagree with the risk with regards to income conclusion. Just because there are less people at the higher levels of income doesn't mean they are less concerned about the risks. Maybe interesting that most are worried most about either the change in royalties (sites paying us less per use), AI, and competition.

ribtoks

  • Founder of Xpiks
« Reply #16 on: January 03, 2025, 05:56 »
+1
Second part of the analysis is published now: https://xpiksapp.com/blog/microstock-survey-2024-content-creation/


« Reply #17 on: January 03, 2025, 06:55 »
+1
Interesting reading. What kind of concerns me is how not one contributor with a port size of 5001 to 10000 files is able to make more than $5000 per month. Thought there might of been at least one or more. It would be insightful to see what contents (photos / illustrations / videos etc) make up those larger ports. 

« Reply #18 on: January 03, 2025, 10:14 »
0
A reliable 5k a month with less than 10k images sounds really difficult. I think even if you have a very high quality people port - medically correct images of patient doctor nurse interactions, with model and property releases for everything...or real business owners and their work places and trades, I doubt you can generate 5k a month reliably.

For a quality 5k/month baseline, I think 30k files is more realistic.

It is a very interesting survey, thank you very much.

I have been carefully reading up in many groups and I cannot find anyone who can convincingly say they are making over 5k every month with 5-10k files.

A reliable 2-3000 and then sometimes months with more, maybe even 6k in a lucky month.

But a reliable 5k requires a lot more effort.

My goal is to reach a reliable 30k a year. Once I reach that I can try to go for 45k a year. That would be ideal, enough money to invest in better quality production.

So...basically I need to triple my income...

« Reply #19 on: January 03, 2025, 10:58 »
+2
A reliable 5k a month with less than 10k images sounds really difficult. I think even if you have a very high quality people port - medically correct images of patient doctor nurse interactions, with model and property releases for everything...or real business owners and their work places and trades, I doubt you can generate 5k a month reliably.

For a quality 5k/month baseline, I think 30k files is more realistic.

It is a very interesting survey, thank you very much.

I have been carefully reading up in many groups and I cannot find anyone who can convincingly say they are making over 5k every month with 5-10k files.

A reliable 2-3000 and then sometimes months with more, maybe even 6k in a lucky month.

But a reliable 5k requires a lot more effort.

My goal is to reach a reliable 30k a year. Once I reach that I can try to go for 45k a year. That would be ideal, enough money to invest in better quality production.

So...basically I need to triple my income...

I don't agree. I personally know a few folks with small portfolio's that generate this income. Most of their images are of very high commercial value and are best sellers on all the major MS companies (i.e., Adobe, SS and iStock). Is there a pattern or type of image that sells best? Seems to be in the high volume areas like Christmas or nature (Flowers) or Homes. I knew one person (they are a realtor) that shoot nothing but very high quality interiors and make a lot of $$$$. Many folks, including myself, do not shot interiors very well compared to the high end pro's. I know one person that does Christmas only and they sell a lot!    Yeah, having more volume will get you more sales but not in a predictable ratio. I know one person that shots everything (average looking images) and they have like 50,000 images but generate less than $3,000 a month. 

« Reply #20 on: January 03, 2025, 11:17 »
0
High end content, especially real estate sells very well. It is one of the reasons so many people are trying to do that with ai.

But a reliable 5k every single month with 7000 files? A reliable 60k a year?

Well, it is good to hear if folks like these still exist. I haven't been able to find them :)

The people I know who make more than 60k a year are usually high quality people producers. But they all have more than at least 20k files. Those with over 10k every month are all over 30k, many 50k. And they have been consistently adding content over many years.

They need the money for production of course, usually 15-20k at least to be able to pay for the shootings and often they have a small team.

But SS losses are affecting everyone and there are lots of discussions how to cut costs. Many now adding ai as well.

We will see how this year develops. Adobe adding 1 million files, mostly ai,  a day, is of course a huge amount of competition.

And at some point the other agencies will also start offering an ai collection, simply because the customers are asking for it.

So...I have decided to focus on video for this year, let's see how that goes.


Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #21 on: January 03, 2025, 12:46 »
0

I don't agree. I personally know a few folks with small portfolio's that generate this income. Most of their images are of very high commercial value and are best sellers on all the major MS companies (i.e., Adobe, SS and iStock). Is there a pattern or type of image that sells best? Seems to be in the high volume areas like Christmas or nature (Flowers) or Homes. I knew one person (they are a realtor) that shoot nothing but very high quality interiors and make a lot of $$$$. Many folks, including myself, do not shot interiors very well compared to the high end pro's. I know one person that does Christmas only and they sell a lot!    Yeah, having more volume will get you more sales but not in a predictable ratio. I know one person that shots everything (average looking images) and they have like 50,000 images but generate less than $3,000 a month.

Not to degrade the survey but under 250 people, is a small sample, from the tens of thousands of people who do or try to make money from Microstock. Since the participation was by choice, just like here, some people may not be motivated to participate.

"People, who survive and learn - grow more organically later (as shown in the more even bottom rows). People, who give up and abandon it, make it only to statistics, such as this chart has to offer."

True but another way to view that is, people who succeed stay and those who don't, move on to something else. I don't want to label that as Giving Up or Abandoning, when it's plain and simple business sense. Work for money or work for nothing? People who survive are doing so because they are good enough and smart and work hard. Success breeds success.

Once against we come to the debate, more images, more images, more money, or better images, find open needs and make more money. Of course I am biased, because I believe that Niche is the same as Research before creating. Easiest way to put that is, don't make the most images don't just copy and make the most popular historically. Niche is the same as Find a needed subject, style, area, opportunity to create.

Last of all, unnecessary to conclude or have a survey tell me this. Hard work pays off. Of course the people who work hardest, the most hours, and make the most, will continue to work hard and make the most. Also the people who work the smartest will make more. And in a similar way, people who have access to a niche or a special area of interest, or find their success in a specific area, will continue to make more.

More images, does not equal more money, unless the images are suitable and in demand. More images is just a number. More sales are more money. Unless someone does this for entertainment or bragging rights, the bottom line is, making money, not RPD, views, likes, rank or anything else. "How big is your Microstock portfolio", died ages ago.

ShadySue

  • There is a crack in everything
« Reply #22 on: January 03, 2025, 16:21 »
+3
I'm interested in the bottom line, not the gross.
As Cobalt says, those with high value ports with high earnings also generally have high expenses.

Profit is sanity.
Turnover is vanity.

zeljkok

  • Non Linear Existence
« Reply #23 on: January 03, 2025, 18:52 »
+3

I believe that Niche is the same as Research before creating.
This is interesting thought and it made me think for a bit.  There is important distinction in my opinion.  Niche is what you like best, know best and as result have specialized in.  Research identifies what is in demand, which can be totally different from your "niche".  Example:  I hike a lot, so landscapes are my "niche".  Over time I learned how to create really nice panoramas, unique angles, "matrix composition" for high-res suitable for printing, etc etc.  But research will probably identify that landscapes are NOT what's really in demand, in particular on sites like Alamy that specializes in editorial etc.  This is maybe oversimplified, but explains the basic idea.

Quote
More images, does not equal more money, unless the images are suitable and in demand. More images is just a number. "How big is your Microstock portfolio", died ages ago.

So true this one.  DT had something called "Database Exposure" - they abandoned it when it stopped making sense.   Microstock market is overspammed and oversaturated is the bottom line;   notion of "upload, upload, upload to grow port size, quality is second" is to large extent responsible for industry state we have today.

odesigns

« Reply #24 on: January 05, 2025, 07:34 »
+2
Interesting reading. What kind of concerns me is how not one contributor with a port size of 5001 to 10000 files is able to make more than $5000 per month. Thought there might of been at least one or more.

I'm guessing many producers either chose not to partake in the survey, or just didn't see it.

Another interesting survey might be "What was your biggest amount you've made in a single month?"


 

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