pancakes

MicrostockGroup Sponsors


Author Topic: Pond5 "exclusive" vs "non-exclusive"  (Read 4819 times)

0 Members and 1 Guest are viewing this topic.

« Reply #50 on: April 07, 2019, 06:28 »
0
i am not exclusive, but this video is only in pond5. They still offer 50% because they will start exclusivity 8 april.

they gave 50% after they cut 30% so $99 sale, i get $35...


Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #51 on: April 07, 2019, 07:47 »
+1
i am not exclusive, but this video is only in pond5. They still offer 50% because they will start exclusivity 8 april.

they gave 50% after they cut 30% so $99 sale, i get $35...

Lets use the same math for both. Commission will be 40% for non-exclusive video and 60% for Exclusive video.

Since anyone can have two accounts, we can choose. Do you want a video to make 60% at only one place or have it on many sites, but still get 40% on Pond5?

« Reply #52 on: April 07, 2019, 07:57 »
0
Quote
What's the world coming to?

according to the clip referenced, the world is coming to...

...expansion?....

hehehe!

:P

« Reply #53 on: April 07, 2019, 08:19 »
+1
i am not exclusive, but this video is only in pond5. They still offer 50% because they will start exclusivity 8 april.

they gave 50% after they cut 30% so $99 sale, i get $35...

Lets use the same math for both. Commission will be 40% for non-exclusive video and 60% for Exclusive video.

Since anyone can have two accounts, we can choose. Do you want a video to make 60% at only one place or have it on many sites, but still get 40% on Pond5?

This has sort of been my point.  It is my opinion that unless exclusives get super special search placement every day, every week all year long, P5 will not generate enough volume for it to be worthwhile going exclusive.  I see what amounts to a zero sum game here. Let's just say that volume is there as an exclusive.  What happens next? A lot of contributors will go exclusive, muting the value of being exclusive in the first place when you are now competing for placement once again.  As I walk through the whole scenario it just does not make long-term sense, but perhaps it does for the short term.....assuming the marketing is there to drive traffic to the site.

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #54 on: April 07, 2019, 08:39 »
+2
i am not exclusive, but this video is only in pond5. They still offer 50% because they will start exclusivity 8 april.

they gave 50% after they cut 30% so $99 sale, i get $35...

Lets use the same math for both. Commission will be 40% for non-exclusive video and 60% for Exclusive video.

Since anyone can have two accounts, we can choose. Do you want a video to make 60% at only one place or have it on many sites, but still get 40% on Pond5?

This has sort of been my point.  It is my opinion that unless exclusives get super special search placement every day, every week all year long, P5 will not generate enough volume for it to be worthwhile going exclusive.  I see what amounts to a zero sum game here. Let's just say that volume is there as an exclusive.  What happens next? A lot of contributors will go exclusive, muting the value of being exclusive in the first place when you are now competing for placement once again.  As I walk through the whole scenario it just does not make long-term sense, but perhaps it does for the short term.....assuming the marketing is there to drive traffic to the site.

I agree with the thoughts and logic. The only benefit might be, the placement, and volume might not make up for the overall loss. I'm not sure that a lot of people will watch and jump in, after the initial surge. You're right, if people see there's an advantage, they could migrate, but usually there's not enough convincing evidence to make people jump from making money at many sites, to testing exclusive.

Since we have a choice, long term or short, exclusive, mixed or change nothing, there are plenty of options for anyone's personal choice.

I'm not saying anyone else is going to be like myself. My loss is nearly nothing. I hardly have any video anywhere. I only had to check IS, SS and AS to clean out a small number at each. For me, the extra 20% makes sense. Yes, considering that the standard is now 40% and I'll get 60% I'll make 20% more than the standard. I made nothing at IS, some pack sales on SS and nothing on AS.

People with more and better video, on more sites, with more sales, someone else... may need to look at your points. Potential long term vs short term.

I never intend to tell anyone what they should do, only offer what I think I should do, or offer opinions about the possibilities.

After all, we are all individuals and independent content producers for the majority of people here and working Microstock.

« Reply #55 on: April 07, 2019, 09:20 »
0
(My) question was answered in other thread.

:)
« Last Edit: April 07, 2019, 14:13 by georgep7 »

« Reply #56 on: April 07, 2019, 12:57 »
0
i am not exclusive, but this video is only in pond5. They still offer 50% because they will start exclusivity 8 april.

they gave 50% after they cut 30% so $99 sale, i get $35...

I'd say that's out of order, they have no need to discount any item only to be found on Pond5 given that they can now price match against the lowest price anywhere.  I feel they may come a cropper if they try that with exclusive content without the consent of the contributor.

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #57 on: April 08, 2019, 08:02 »
0
i am not exclusive, but this video is only in pond5. They still offer 50% because they will start exclusivity 8 april.

they gave 50% after they cut 30% so $99 sale, i get $35...

I'd say that's out of order, they have no need to discount any item only to be found on Pond5 given that they can now price match against the lowest price anywhere.  I feel they may come a cropper if they try that with exclusive content without the consent of the contributor.

I didn't understand what you were writing at first. Maybe I don't still. Pond5 will price match of a same image, at the lowest price found anywhere else? Not sure I understand leox83 either. If the image was only on Pond5, not under exclusive terms, I read it as, they discounted his set price. Do they do that?

I do understand the last words, I think? They should hold the prices what we set them at for exclusive, and not offer discounts. Right?

« Reply #58 on: April 08, 2019, 09:25 »
+1
i have $99 footage in Pond5. it is sold and i got $35,9.
i should get $49.5   (50% because it is sold before 8 april (8 april is before exclusivity))

What i mean is their percentage share is not trustable in any case.

« Reply #59 on: April 08, 2019, 09:51 »
0
Maybe you have to ask / email support directly?

It is interesting that many people refer to GPP option (even if you are not in it?)
Perhaps there is a problem in your account or something.

I understand the frustration, I would be too,
but isn't it better to resolve it before any other loss in sales?
They answer emails extra fast as far as I can tell.

Wishing you the faster and best solution possible :)


« Reply #60 on: April 08, 2019, 10:13 »
+2
Being exclusive with Pond 5 will never make up for the loss of revenue from Shutterstock and Adobe.

Their Exclusive Program is just smoke and mirrors to hide their 20% revenue cut.

I wish all those joining the program best of luck. But I'm out.
« Last Edit: April 08, 2019, 12:07 by Trippy »

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #61 on: April 08, 2019, 13:10 »
+1
i have $99 footage in Pond5. it is sold and i got $35,9.
i should get $49.5   (50% because it is sold before 8 april (8 april is before exclusivity))

What i mean is their percentage share is not trustable in any case.

I don't know about trusted, or not, but now I understand what you had happen. You got 40% instead of 50% if the sale was $99.

I think George is right, contact support at least at Pond5 they respond within a couple days.

I'm officially exclusive on the 11th, cleaned out everything, all other places. I don't expect any great gain and I'd say for most people, the non-exclusive is probably going to be better in the long run. For me, one agency is fine. Personal choice and I don't advocate others should or shouldn't do anything. Personal choice.

« Reply #62 on: April 08, 2019, 14:09 »
0
i am not exclusive, but this video is only in pond5. They still offer 50% because they will start exclusivity 8 april.

they gave 50% after they cut 30% so $99 sale, i get $35...

I'd say that's out of order, they have no need to discount any item only to be found on Pond5 given that they can now price match against the lowest price anywhere.  I feel they may come a cropper if they try that with exclusive content without the consent of the contributor.

I didn't understand what you were writing at first. Maybe I don't still. Pond5 will price match of a same image, at the lowest price found anywhere else? Not sure I understand leox83 either. If the image was only on Pond5, not under exclusive terms, I read it as, they discounted his set price. Do they do that?

I do understand the last words, I think? They should hold the prices what we set them at for exclusive, and not offer discounts. Right?

He got less than 40% when the rate at the time of the sale was 50%, that suggests discounting, maybe there is another explanation.  All the other agencies do it, but it's not always transparent.  Pond5 you would think would not do it as it nullifies the point of setting your own price, which is an attraction to the contributor.  They have enterprise customers and are always offering some discount to first time buyers, question is do they take the discount on the chin or do they pass it down to the contributor.  They also test prices, which is another reason you may make less than thought you would.

From the POND5 CONTRIBUTOR AGREEMENT
"4. Special Terms for Video
I. If you do not enroll in the Exclusivity Program, notwithstanding section 3.b. above, you shall not set the price for an item of video Content that is higher than the lowest price for which the same (or substantially the same) Content item is offered by or on any Other Marketplace, and if we discover that the Content item is offered at a lower price by or on any Other Marketplace, we may change the price of your content in our marketplace."

As you can see with the new structure they now have the ability to price match any video in their collection sold at other agencies, a unique selling point maybe, at least the only one to be able to do it transparently (as long as they don't discount, which would muddy the waters).  Whereas before they were hamstrung by contributors setting high prices making them noncompetitive, now they can say they are the cheapest in the business for all their content if they use their ability to price match.

« Reply #63 on: April 09, 2019, 10:12 »
0
i am not sure if i have right to send screenshot of my dashboard, you can see how many times i had this cut.
Also i talked about this with pond5 before. They say: it is our strategy...

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #64 on: April 09, 2019, 11:15 »
0
i am not sure if i have right to send screenshot of my dashboard, you can see how many times i had this cut.
Also i talked about this with pond5 before. They say: it is our strategy...

So if I understand right, you have a clip priced at $99 and they negotiate a lower price, other than what you set it, lower. Which means their strategy is anyone who sets their own price is merely making a suggestion, Pond5 can sell for what they decide?

I don't know if they promised to sell for our prices, I haven't read, line by line, what the TOS says. Or if anything promises us that our set price will be the price? Interesting that you brought this up.

Of course:


From the POND5 CONTRIBUTOR AGREEMENT
"4. Special Terms for Video
I. If you do not enroll in the Exclusivity Program, notwithstanding section 3.b. above, you shall not set the price for an item of video Content that is higher than the lowest price for which the same (or substantially the same) Content item is offered by or on any Other Marketplace, and if we discover that the Content item is offered at a lower price by or on any Other Marketplace, we may change the price of your content in our marketplace."


Is also a possible answer. I'm not going to dig through the TOS and terms, someone will have to do that. But I'm just saying, they could have the option to alter prices and maybe they haven't promised that our set prices will be the final price. If they have, that would be a cause for concern. Also worded such that, if someone uploads some files exclusive and other similar from the same setup or shoot, P5 can discount, because the same is offered elsewhere for a lower price.
« Last Edit: April 09, 2019, 11:51 by Uncle Pete »

« Reply #65 on: April 10, 2019, 05:13 »
0
Being exclusive with Pond 5 will never make up for the loss of revenue from Shutterstock and Adobe.

Their Exclusive Program is just smoke and mirrors to hide their 20% revenue cut.

I wish all those joining the program best of luck. But I'm out.
That's exactly what I think too.
The situation is Win-Win for Pond5 (bigger cut from non-exclusive sales and more exclusive files in their collection), and Lose-Lose for contributors (exclusives will make less compared to selling the same files on the few biggest agencies and non-exclusives will make 20% less).

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #66 on: April 10, 2019, 08:16 »
0
Being exclusive with Pond 5 will never make up for the loss of revenue from Shutterstock and Adobe.

Their Exclusive Program is just smoke and mirrors to hide their 20% revenue cut.

I wish all those joining the program best of luck. But I'm out.
That's exactly what I think too.
The situation is Win-Win for Pond5 (bigger cut from non-exclusive sales and more exclusive files in their collection), and Lose-Lose for contributors (exclusives will make less compared to selling the same files on the few biggest agencies and non-exclusives will make 20% less).

For most people I'd agree.

In my case, I'm just reaching for the big one,



top returns, and ignoring the rest. I think people who produce and distribute more and have better work, will be better served keeping many agencies.

Not smoke and mirrors and not hiding anything. Announced in the open, they are paying less for files that are available on many other sites, for less, and paying more for anything exclusive. This raises the same point that many have made for years about the race to the bottom, competing on price alone, because most agencies all have the same files. What else can they offer?

Pond5 is changing that and saying, we're going to charge more (hey that means I make more) and Pond5 will have content that's not available anywhere else. This is going against the trend to sell your work as a commodity with no distinction and no difference between agencies, except price.

Microstock has not created a new math or upset the economics apple cart such that the theory of supply and demand has been overturned. Supply side, Pond5 is now going to offer something that can't be bought someplace else. And in the TOS, perfectly clear, for the people who try to skirt the rules and flood other agencies with similar, if Pond5 finds those, they will drop the price to match.

They are making a promise to buyers that the unique content will be only available on Pond5 and by the way, they will be distributing to other agencies. I don't know how "exciting" that will be, but that does mean I'll upload to one and be available, possibly, on three.





 

Related Topics

  Subject / Started by Replies Last post
8 Replies
4854 Views
Last post July 06, 2010, 22:16
by vonkara
21 Replies
6375 Views
Last post May 11, 2011, 06:43
by sharpshot
24 Replies
5489 Views
Last post September 26, 2011, 04:14
by michealo
26 Replies
7278 Views
Last post March 28, 2014, 23:14
by lisafx
9 Replies
995 Views
Last post May 23, 2019, 13:19
by Trippy

Sponsors

Microstock Poll Results