Author Topic: Supply outstrips demand.. (Read 5325 times)

shank_ali · « **on:** January 30, 2009, 02:18 »

Now i have read alot about decreased sales lately by quite a few contributors,mainly exclusives on istockphoto.
Let's go back 3 years to istockphoto to the contributor base.I have not got clear facts to hand but i would imagine their might be 20,000 contributors then and the library might of held 2 million files..
Today there is over 45,000 contributors and 4.2 million files in the library.
Also in those 3 years i would also imagine more micro sites have come on-line.
Now we all no visual art in the form of photography will always be the most popular form for advertisers to sell there goods.
Presently the supply of imagery for buyer/designers way outstrips demand.
The price is low for our work but only so many buyers actually create accounts to buy that work.
Buyers will always want our work but the competition gets tougher for us in attracting those sales from our respective portfolio's.
We will of course continue to increase the size of our portfolio's in the hope that more buyers can use our work but for me i think the industry peaked just as i entered the fray in November 2007...Bummer....

Peter · « **Reply #1 on:** January 30, 2009, 02:53 »

a 1 year ago FT had 3million images, now it has 5 millions. one year!

i really think agencies should stard deleting old, non selling images. not only FT, but all agencies.

Xalanx · « **Reply #2 on:** January 30, 2009, 05:59 »

Yea, photos older than a certain amount of time (1 year let's say) which haven't sold so far, should be deleted.

michealo · « **Reply #3 on:** January 30, 2009, 06:41 »

The title could just as easily apply to forum posts ;-)

dirkr · « **Reply #4 on:** January 30, 2009, 07:12 »

Quote from: Xalanx on January 30, 2009, 05:59

Yea, photos older than a certain amount of time (1 year let's say) which haven't sold so far, should be deleted.

Why?

e-person · « **Reply #5 on:** January 30, 2009, 07:14 »

There is a difference between "your" and "you are", "their" and "there", and so on.

sharpshot · « **Reply #6 on:** January 30, 2009, 07:17 »

Quote from: shank_ali on January 30, 2009, 02:18

....Presently the supply of imagery for buyer/designers way outstrips demand.

This varies for all of us. I haven't seen any sign of supply outstripping demand. I am amazed how good sales have been this month, considering there is a worldwide recession and January is usually a sluggish month. There are lots of people complaining about poor sales but I am sure there are others doing very nicely and keeping quiet about it. If it is true that supply is outstripping demand, I would expect many contributors to give up and that would even the balance again. It looks like this has already happened and thousands have already given up, as the average portfolio size on the sites is tiny.

Clivia · « **Reply #7 on:** January 30, 2009, 07:40 »

Quote from: sharpshot on January 30, 2009, 07:17

There are lots of people complaining about poor sales but I am sure there are others doing very nicely and keeping quiet about it.

Yep,

If you brag about sales your portfolio is copied to death.

tan510jomast · « **Reply #8 on:** January 30, 2009, 11:11 »

Quote from: e-person on January 30, 2009, 07:14

There is a difference between "your" and "you are", "their" and "there", and so on.

hali · « **Reply #9 on:** January 30, 2009, 11:18 »

Quote from: e-person on January 30, 2009, 07:14

There is a difference between "your" and "you are", "their" and "there", and so on.

How ironic ! Seems like most of these Primary 2 silly mistakes are committed here by residents of UK, USA and Canada. All English first-language countries. Shame!

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Author Topic: Supply outstrips demand.. (Read 5325 times)

shank_ali

Peter

Xalanx

michealo

dirkr

e-person

sharpshot

Clivia

tan510jomast

hali

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