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Author Topic: New stock agency - FAA / Pixels.com  (Read 38106 times)

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« Reply #25 on: March 21, 2014, 09:50 »
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Someone will offer us 110% and take 30% of the sale. Impossible? Heck no, competition. We sell for $10 if it sells we get $11 and they get $3. Which looks good but it's really just a math game.

Picfair is already selling on 100%, plus 20% markup. It works.

I think, FAA/pixels could become a much more disruptive player, because with turn of a switch they'll have a collection with several millions of images. Even without any advertising using their existing SEO, if they will sell 1% of that collection, that would bring enough money to fund an advertising campaign, and then the sales could spiral up.
If they go ahead with it, they could seriously impact marginal stock agencies.

In addition, if Dick sells a picture of a tomato for $28 on pixels, and Harry gets 20 cents for his tomato on Thinkstock or other low-paying agency, he will get really pissed off and he'll pull his images from those places.




EmberMike

« Reply #26 on: March 21, 2014, 09:52 »
+2
I think this will fail for sure. Multiple licenses, custom licenses, infinite possible prices, it's a nightmare for buyers.

Buyers want simplicity, uniform pricing, and being able to go to a site and knowing beforehand roughly what they're about to pay. And also know that licensing is consistent. This new system is the opposite of all if that.

« Reply #27 on: March 21, 2014, 09:55 »
+1
I've replied to the thread that I'm willing to participate in the beta. It may go nowhere but it'll be interesting to see if he can get something off the ground. Can't see how it could hurt anything given I've already uploaded a portion of my stock portfolio (and just need to exclude those items that require an editorial use only license unless they provide that)

ShadySue

  • There is a crack in everything
« Reply #28 on: March 21, 2014, 09:55 »
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No Watermarks! Always a problem.
Aaargh, I can see why they don't like them on 'fine art' offerings, but they should certainly be there, and prominent, on stock.

« Reply #29 on: March 21, 2014, 10:01 »
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No Watermarks! Always a problem.
Aaargh, I can see why they don't like them on 'fine art' offerings, but they should certainly be there, and prominent, on stock.

It's beta. That is just a demonstration page.

« Reply #30 on: March 21, 2014, 10:04 »
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I think this will fail for sure. Multiple licenses, custom licenses, infinite possible prices, it's a nightmare for buyers.

Buyers want simplicity, uniform pricing, and being able to go to a site and knowing beforehand roughly what they're about to pay. And also know that licensing is consistent. This new system is the opposite of all if that.

It's certainly the polar opposite of the Shutterstock model. But if it turns out not to be a huge turnoff, then this is one massive A/B test that will let us see that.

« Reply #31 on: March 21, 2014, 10:07 »
+2


The real value in FAA is in not the same old stock photos everyone else sells.  Its the real artwork that has potential to sell on products.  And these are not "one off" deals.  When you decide to bring out a line of products based on an artist, it requires negotiations over multiple products.

This is why there are agencies that deal specifically with art licensing.

« Last Edit: May 23, 2015, 21:57 by DF_Studios »

« Reply #32 on: March 21, 2014, 10:10 »
+3
Quote
It they wanted to go up against SS and Getty then why not launch a stock site like all the hundreds of others in the lower tier.

Because that would reek of desperation (trying to compete on the lower end). There is nothing inventive about going lower and lower.

« Last Edit: March 21, 2014, 10:21 by LesPalenik »

« Reply #33 on: March 21, 2014, 10:15 »
+1
I don't think this is out of desperation.  The company is run very efficiently with something like 3 people. Unlike places like CafePress who are having trouble supporting hundreds.

« Last Edit: May 23, 2015, 21:57 by DF_Studios »

« Reply #34 on: March 21, 2014, 10:21 »
+2
It they wanted to go up against SS and Getty then why not launch a stock site like all the hundreds of others in the lower tier.

Because most of us have to open up our own shops if we want something better. It would be nice if someone would build them instead. Not saying this will be that, but I encourage companies to actually try. And, I try to support them when they do.

« Reply #35 on: March 21, 2014, 10:26 »
+2
Quote
Any biz school consultant would tell him to stick to his companies strengths especially with competition from Getty's prints.com coming online.
Most business consultants understand only conventional, established practices.
They would have never sanctioned Jeff Bezos ambitions when he started Amazon, or even istockphoto and Shutterstock ten years ago.

« Reply #36 on: March 21, 2014, 10:27 »
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Given that this is really similar to what Pond5 is offering (you set the price, they take a percentage) my biggest concern would be in whether they can actually generate sales. Can't say I'm too happy with P5 (images at least, footage is great). Maybe FAA can make it work. Here's hoping.

« Reply #37 on: March 21, 2014, 10:34 »
+2
Pond5 has quality control.  FAA/Pixels does not.

Imagine all of the "great" stock a buyer will have to sort through when rank amateurs who have been rejected from the micros start putting up photos of their feet and those amazing window seat airplane shots.

« Reply #38 on: March 21, 2014, 10:36 »
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LesPalenik - its not 10 years ago or whatever then the market wasn't established.   This is a late entry move into an established market with big players with well honed business practices.
« Last Edit: May 23, 2015, 21:58 by DF_Studios »

« Reply #39 on: March 21, 2014, 11:01 »
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Will people buy images that haven't been inspected - or even looked at - by an agency?   And no checking of keywords either, so look for rampant keyword spamming.

This isn't like Symbiostock - your high-quality images will be up there side-by-side with boatloads of cr@p that people couldn't get accepted anywhere else. 

Like DF_Studios said - unless the 'stock' is kept totally separate from the 'art', this will ruin FAA from my point of view.   The only buyers I get find my photos by keyword search.  If that search is polluted by tons of keyword-spammed stock, I might as well give up.

The site hasn't been seriously updated in years, and has plenty of exisiting problems.  It's basically a one-man show and now he's off chasing another rainbow.  It's depressing.


« Last Edit: March 21, 2014, 11:51 by stockastic »

« Reply #40 on: March 21, 2014, 12:37 »
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The only reason I care about this, is that my fine art business has been doing great.  I really don't want to see this sink FAA.

I'm glad to hear that you are doing great on FAA. I don't think it will sink their site. There is a lot of questionable "art" on it and surprisingly, some of it sells.

I wouldn't get too excited about it. On one hand, it won't kill Shutterstock or Magnum Images, but on the other hand there may be enough buyers who need a picture for their book or CD cover, artwork for a T-shirt,  or interesting background for some collage.

As to assessing the image quality, their magnification feature is quite helpful to see the images at 100% prior to the purchase.


 

EmberMike

« Reply #41 on: March 21, 2014, 13:33 »
+2
There are two parties in a sale.  The buyer and the seller.  A real business would bring in a a bunch of stock buyers and run focus groups to see if the idea had merit. They would also run focus groups among the artists to iron out any potential problems...

Actually I think they've nailed it from the artist perspective. Maybe too much so. They're giving the artists way too much freedom to price images however they want and even write their own license terms.

The result will be zero consistency and uniformity, which buyers want and which they'd find if they did like you suggested and do some research and testing.

They'd also find that buyers don't want a bazillion different price points, and they sure as heck don't want to read a new license every time they download an image. Which they will have to do in this case if everyone can create whatever custom license terms they dream up.

I think this has very little chance of working. It may appeal to artists, but it will be a huge flop with buyers, especially if it is to be aimed at competing with Shutterstock and Getty and possibly attract those kinds of buyers.

They need to narrow the scope a bit. There is room for variable pricing in this business, but not from $1 to $1,000. And none of this "write your own license" insanity.


« Reply #42 on: March 21, 2014, 13:46 »
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Yup as expected "we" are plunging forward. 
« Last Edit: May 23, 2015, 21:58 by DF_Studios »

« Reply #43 on: March 21, 2014, 14:07 »
+1

ShadySue

  • There is a crack in everything
« Reply #44 on: March 21, 2014, 14:11 »
0
<a href='http://fineartamerica.com/featured/mouse-of-the-house-mandie-manzano.html' size='20'><img src='http://fineartamerica.com/displayartwork.html?id=5927941&width=250&height=333' alt='Art Prints' title='Art Prints' style='border: none;'>[/url]


That's what they're laying themselves open to. The site is so full of this sort of stuff.

« Reply #45 on: March 21, 2014, 14:22 »
+1
Yup as expected "we" are plunging forward.  Despite any objections/concerns raised.  Basically it was conceived, built and now it will be implemented. Make it up as we go along. Let the customer service headache begin.

If Putin ran a company this would be it. ;-)

FAA is one guy.  If he doesn't have help lined up he's going to be swamped by problems selling stock. 

Have you seen the recent threads on the FAA forum about 'missing' images, and images where full-size preview doesn't work?  There's some bug involving the database that's breaking the links to the original JPGs, and it's been going on for quite a while - there are several currently screwed up in my small portfolio, so the damage has to be extensive.  Meanwhile they're going off on this tangent, which to experienced stock sellers makes no sense.

I guess that's enough of my negativity/realism for one day...
« Last Edit: March 21, 2014, 14:26 by stockastic »

« Reply #46 on: March 21, 2014, 14:51 »
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He gets a lot done. How many people in IS software department?


BTW, he just mentioned in related FAA thread:
I know what I'm doing. This is going to work. Why? I've got all the time and patience in the world to make it work, and I don't have to treat our sellers like garbage like every other company in the space.
Quite refreshing approach.
« Last Edit: March 21, 2014, 15:11 by LesPalenik »

« Reply #47 on: March 21, 2014, 15:13 »
+2
  Once the code is done.  That's that.  Time to launch.

« Last Edit: May 23, 2015, 21:59 by DF_Studios »

« Reply #48 on: March 21, 2014, 15:17 »
-1
In that case, your own Symbiostock site is the best choice.

« Reply #49 on: March 21, 2014, 15:30 »
+2
He gets a lot done. How many people in IS software department?


BTW, he just mentioned in related FAA thread:
I know what I'm doing. This is going to work. Why? I've got all the time and patience in the world to make it work, and I don't have to treat our sellers like garbage like every other company in the space.
Quite refreshing approach.

I think he's essentially a good guy - but he may not realise the can of worms he's opened up and might drop "his sellers" into.

There are a number of logical errors in his interpretation of the microstock market, and now he's suggesting that anybody who doesn't agree to his understanding of the market is "100% wrong".

The "I'm right, you're wrong" school of management isn't noted for its successes.


 

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