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Author Topic: new site/top post/etc  (Read 1586 times)

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« on: June 13, 2020, 08:30 »
0
Hi - Yes I know there are a lot of posts (now and past) talking about a new site. But they seem to be a bit disorganized, so I want this one to be a bit different in that I'll update the main thread (this first post) with good ideas/useful feedback/etc to help formulate a plan.

New/Self Hosted Site Requests
- Easy upload, supports pictures & videos, meta tags, descriptions, etc
- Easy payment system integration (whether paypal, or custom payment provider)
- Fast (i.e., no wp plugin)
- Cheap/inexpensive

Challenges:
- If a 'co-operative', Verifying quality (i.e., preventing nude pics from being uploaded, "sensitive"/"gore", actual crap, etc).
- Marketing (cost effective way of getting buyers to the site). Do you do massive self promotion (time consuming), or pay for traffic (costly and requires work to make a profit on it?)

Possible Solutions?

a) Self hosted (you pay for domain, hosting + cost of software package to manage/upload/etc). Pricing (I've looked @ getting the lowest, but most reasonable prices for all of that) - you'd probably be looking at $30/month. (Which includes about 2,000 high quality images (5MB each) or 300 large 4k videos. Of course - there are better/cheaper solutions once you get higher images/volumes, but that requires more coding/a different software package).

Would you personally pay $30/month for that? (And about $50-$75/month if you went to 10,000 high quality images + 1500 large 4k videos?)

b) Marketing - while it would be 'nice' to market things as a co-operative - the main issue is quality. It would just take one person to say upload nude pics, etc that would ruin it for everyone else. So - you actually would either need (trained) curators & a system to ensure they do their job - OR... separate marketing...

So - if it WAS run as a co-operative - how could images/etc be reviewed 'cheaply' so you could market everything together?

OR - if it was separate marketing, there's 2 main option, paid & non-paid traffic. Someone going the "organic" route would have to do a lot of self promotion (youtube videos, instagram, writing articles, etc) - and there is no 'instant' results (you could work for 3-4 months without seeing anything significant) - and no guarantee your efforts would even produce results. (Most likely it would, but there is no guarantee).

Paid traffic challenge is - how to make more money than you spend. LOTS of people spending $ on that, few people actually making $. (And nowadays, because you are competing with 'smart' people - you need things like recurring revenue, sales funnels, etc to cover the cost of the traffic).

I think marketing is the big big challenge here... which sites like shutterstock currently benefit from (i.e., 'relationships' with google to position their content first)...

So... how do you market yourself effectively? I think that is the main challenge... Ideas?


« Reply #1 on: June 13, 2020, 09:35 »
0
Project Giving
---------------

1. Setup a company. This company will sign an irrevocable agreement that the maximum it can earn per year is $1million USD. Extra earned money will be divided back to the contributors as dividend. So, the founder of this company is only meant to make a maximum of USD1million per year.

2. Raise $300k USD fund with Kickstarter to make the site and infrastructure ready in 6 months, with IT supports that can last at least 3 years.

3. Problem we are trying to solve:
3.1 Image spamming by low quality contributors
3.2 Only high commercial quality content uploaded
3.3 Earning too low
3.4 Acceptance rate of 100%
3.5 Theft
3.6 Professional IT backing
3.7 Company bullying contributors
3.8 Self hosting technical difficulties.
3.9 Marketing

4. Features
- Contributor set own price [solve problem 3.3]
- 100% of earning goes back to contributor [solve problem 3.3]
- Company earn money by selling storage and IT support to contributor. Example: 1000 assets will cost $50/year. [solve problem 3.1 and 3.2 since uploading now requires money]
- Chatting system so buyer can chat with contributor directly. This cuts away Company's cost to support customers.
- Theft (contributor will police each other by reporting to Company. Company will take action) [solve 3.5]
- A company with professional full time IT employees [solve 3.6]
- Irrevocable agreement of maximum USD 1million earning/year by Company [solve 3.7]
- No reviewers as contributor uploads whatever they want [but being monitored by other contributors for abuse]
- Money paid by customers goes directly to Contributor PayPal account. Company is not a middle man.

3. Early birds donators will received perks for helping the project in this early stage. For example, early birds donators only need to pay $25/year for 1000 assets.

4. Marketing will requires a lot of money. So, contributors or other "investors" can donate to a pool of money. The pool of money will be used to do marketing by the Company. Earnings converted by these marketing will be shared among these "investors". This needs to be worked out as it can be very complex, but that's the idea.

5. This project will not disrupt the entire microstock agencies, but will serve as a safe heaven to artist around the world.

Just my idea. What do you guys think? Please criticize as much as possible so I can give up thinking about it :)


whtvr

« Reply #2 on: June 13, 2020, 09:51 »
0
To a point we have to study history past. Agencies do did their homework and learn by trial and error. This is valuable knowledge they offered us by treating like so. Payment delay, applying with original work samples, limited uploads leveling up by quality or downloads, refunds if neccessary (for thieves) etc.

« Reply #3 on: June 13, 2020, 11:56 »
+1
Unsplash has some nice posts showing what it costs to run.

You can see that they currently spend about 100,000/month just to host the site.

https://medium.com/unsplash/what-does-unsplash-cost-in-2019-f499620a14d0

This can be done much more cheaply, but it's instructive to see what's out there.

Gcarter08

  • Diversity Stock Photographer
« Reply #4 on: June 14, 2020, 09:45 »
0
I actually run a site as well. At our height, we had about 150k images which took a lot of storage and a separate server just for search. I'd say you're looking at a minimum of 250-500/mo for a self hosted solution (like AWS) that is scalable and provides a fast user experience. Plus the initial site development.

I've since changed our platform to a small collection and now can run it a lot more cheaply.

Sent from my SM-G950U using Tapatalk


Noedelhap

  • www.colincramm.com

« Reply #5 on: June 16, 2020, 17:15 »
0
Project Giving
---------------

1. Setup a company. This company will sign an irrevocable agreement that the maximum it can earn per year is $1million USD. Extra earned money will be divided back to the contributors as dividend. So, the founder of this company is only meant to make a maximum of USD1million per year.

Just my idea. What do you guys think? Please criticize as much as possible so I can give up thinking about it :)


That's crazy. As a company you would NEVER EVER impose a rule like that. It doesn't make any sense. Then it would be a charity, a non-profit organization basically. With the commercial mission of the company in mind (selling microstock licenses), that's a practically unworkable situation. You have countless costs running a company, so a good financial buffer is important to make this company viable and financially healthy. Self-imposing a limit on the amount of revenue totally goes against that principle.

« Reply #6 on: June 16, 2020, 19:45 »
0
Project Giving
---------------

1. Setup a company. This company will sign an irrevocable agreement that the maximum it can earn per year is $1million USD. Extra earned money will be divided back to the contributors as dividend. So, the founder of this company is only meant to make a maximum of USD1million per year.

Just my idea. What do you guys think? Please criticize as much as possible so I can give up thinking about it :)


That's crazy. As a company you would NEVER EVER impose a rule like that. It doesn't make any sense. Then it would be a charity, a non-profit organization basically. With the commercial mission of the company in mind (selling microstock licenses), that's a practically unworkable situation. You have countless costs running a company, so a good financial buffer is important to make this company viable and financially healthy. Self-imposing a limit on the amount of revenue totally goes against that principle.

The irrevocable agreement will be the sacrifice one made for getting the contributors support, fund, and trust. And the founder (company) will still be making 1 Million USD every year, which is enough for many. The earning of 1 Million USD have already deducted all the operating cost and will only serve as the reward for the founders for making the company successful.


« Reply #7 on: June 17, 2020, 18:00 »
0
Project Giving
---------------

1. Setup a company. This company will sign an irrevocable agreement that the maximum it can earn per year is $1million USD. Extra earned money will be divided back to the contributors as dividend. So, the founder of this company is only meant to make a maximum of USD1million per year.

Just my idea. What do you guys think? Please criticize as much as possible so I can give up thinking about it :)


That's crazy. As a company you would NEVER EVER impose a rule like that. It doesn't make any sense. Then it would be a charity, a non-profit organization basically. With the commercial mission of the company in mind (selling microstock licenses), that's a practically unworkable situation. You have countless costs running a company, so a good financial buffer is important to make this company viable and financially healthy. Self-imposing a limit on the amount of revenue totally goes against that principle.

The irrevocable agreement will be the sacrifice one made for getting the contributors support, fund, and trust. And the founder (company) will still be making 1 Million USD every year, which is enough for many. The earning of 1 Million USD have already deducted all the operating cost and will only serve as the reward for the founders for making the company successful.

If the site cost hundreds of thousands to setup, then no one will accept the 1 million dollar offer. The risk to reward ratio would be out of step with where else that money could go with much less risk. I realize some people don't think it will cost hundreds of thousands to setup a professional stock site. That is just my opinion.

« Reply #8 on: June 17, 2020, 18:22 »
0
If the site cost hundreds of thousands to setup, then no one will accept the 1 million dollar offer. The risk to reward ratio would be out of step with where else that money could go with much less risk. I realize some people don't think it will cost hundreds of thousands to setup a professional stock site. That is just my opinion.

Of course it does. Imagine hiring

Experienced IT Engineers x 2 ($2000 each)  = $4000
Experienced Web Designer = $1500
Office space = $500
Utilities = $200
Each month will cost at least $6200.
36 months = $223200 just for the company to keep running in 3 years without earning.

The above cost does not include cost of infrastructures like server/computer/furniture/first round marketing etc.

If I remembered correctly, Yuri Acrurs (https://peopleimages.com/) took him few hundreds thousands to build up. And the site is just for his own purpose only, which mean less complexity. We are not talking about using a Wordpress and a plug-in kind of thing here.

The $1million reward is not a lot of money for the founder if the site is a successful one in the future. For every successful site today, the reward for the founder is way way higher than that.


« Reply #9 on: June 21, 2020, 12:25 »
0
As I keep seeing on this forum more and more question on this topic, I think it wont harm to share what Ive learned from my building of a personal stock images website, at least from a technical point of view.
https://luisafumi.com/blog/2020/06/21/how-to-build-a-personal-stock-images-website/

« Reply #10 on: June 21, 2020, 13:11 »
+2
So... how do you market yourself effectively? I think that is the main challenge... Ideas?

Many of us on this forum exhausted ourselves attempting that a few years back, via Symbiostock.

From where I sit, life is too short to try it again.

« Reply #11 on: June 21, 2020, 17:59 »
+1
So... how do you market yourself effectively? I think that is the main challenge... Ideas?

Many of us on this forum exhausted ourselves attempting that a few years back, via Symbiostock.

From where I sit, life is too short to try it again.

I have read before, your concept of time......

You're young. But I love that you give value to them. It is such a great gift. A pity the problems that sometimes hit, a pity those who do not value it for whatever reason. I have also had my crazy moments. But yes. Time is the most valuable possession we have.

Greetings and thanks for sharing your time.

« Reply #12 on: June 21, 2020, 22:57 »
0
So... how do you market yourself effectively? I think that is the main challenge... Ideas?

Many of us on this forum exhausted ourselves attempting that a few years back, via Symbiostock.

From where I sit, life is too short to try it again.
I have read before, your concept of time......

You're young. But I love that you give value to them. It is such a great gift. A pity the problems that sometimes hit, a pity those who do not value it for whatever reason. I have also had my crazy moments. But yes. Time is the most valuable possession we have.

Greetings and thanks for sharing your time.



Gracias, Tenebroso.  :D


 

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