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Author Topic: The end is nigh. What will you do?  (Read 16007 times)

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« Reply #75 on: November 26, 2012, 06:06 »
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The microstock industry will end on Dec 21 along with the rest of the world on the Mayan Doomsday. ;)

No no, ss have set up an office in Bugarach  ;)

http://www.bbc.co.uk/news/world-europe-20484590


RacePhoto

« Reply #76 on: November 26, 2012, 14:50 »
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1) But seriously, would you mind sharing how you see the industry develop in the next couple of years?

2) Do you think it will come to a major breakdown within that time frame?

First Number two. NO!

And then number one = leveling off (we already see that but some see it as doom and gloom) Stabilizing and Contraction. Micro was a young industry, now it's bloated, too many agencies, remember software companies in the 70s and 80s. (well maybe not? But I do) Remember all the companies who got into making computers, and how many are left. Cell phone providers, cable TV networks.

Now the libraries are filled, it's not even like two years ago. Come search 12 million images, how many do they need, of the same things? How many variations does a buyer need? Not 38,000 sliced tomatoes, girls with headsets, business handshakes or jumping goldfish. (even less cute puppies, amusing cats, flowers and trees...) There are another few thousand cliche images, which will not sell as well as when there were only the first few thousand of each subject.

You can not have the wild growth that Microstock had in the past. There are buyer limits, photo limits, and people don't seem to understand competition. If there were 4000 people competing and selling 2 million images, now there are 30,000 artists and 15 million images. Who thinks they are the chosen one that should get all the sales they used to get, before the pie was sliced paper thin?

Sales and percentages of sales are going down. Competition is going up. On a personal level, people are seeing the consequences. BUT!

The agencies are still selling as much as every and making record profits. All the talk of broken searches, terrible sales levels, low income and whatever else (all those things with letters for looking at personal statistics) are very personal. They are individual and you can't tell from what I sell, how you will do, and someone else can watch both of us and have different results.

The agencies on top are doing fine. So the "industry" is just fine. If you were asking about personal profits for individuals, that's going to be a little less profitable for probably every one of us. (except slugs like me who are in the slow growth business) People with pig collections will be losing. They will still make good money and make more than the little people, but they won't make as much as they do now.

The market can't expand forever, sales can't keep increasing, there are limits! It's not going to burst, it's going to stabilize at a comfortable size, maybe contract a little, but Microstock (or some form of crowd-sourcing images) is here to stay.

« Reply #77 on: November 26, 2012, 15:19 »
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The agencies on top are doing fine. So the "industry" is just fine. If you were asking about personal profits for individuals, that's going to be a little less profitable for probably every one of us. (except slugs like me who are in the slow growth business) People with pig collections will be losing. They will still make good money and make more than the little people, but they won't make as much as they do now.

The market can't expand forever, sales can't keep increasing, there are limits! It's not going to burst, it's going to stabilize at a comfortable size, maybe contract a little, but Microstock (or some form of crowd-sourcing images) is here to stay.

I've thought for a while that there would be a split in the industry and we would be left with two models. One would be massive crowd-sourced sites where everyone is invited, they'd have large sales quantities, but the share of the pie would be small. The other model would be smaller more restrictive niche sites that would sell less quantity, but you'd get larger profits because of less competition. Unfortunately, I haven't seen many niche sites popping up lately, so I'm not sure if that opportunity will be made available to many contributors. Unless, they build their own site.

lisafx

« Reply #78 on: November 26, 2012, 18:30 »
+2

You really have too much time.
Do not be so pessimistic.


How sweet of you to take a break from your shoot upload repeat treadmill to come in here and straighten us all out.  ;)

« Reply #79 on: December 03, 2012, 15:03 »
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I see 4-5 Agencies surviving after 4 more years and artists getting increasingly diminished returns even with same or greater output to their portfolios.

Artists have the loosing side here as was evidenced these last years when commissions were cut.  The best we can do is produce enough to make the downward slide less abrupt more like a slow down-slope.

Maybe by then we would be in a position to have our content hosted on our own terms with a company just handling the search. Like a Google of microstock, they get 20% we get 80% and there is no curation, we set our prices, we host the content and they just bring the eyes and wallets to it.

« Reply #80 on: December 03, 2012, 15:44 »
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I see 4-5 Agencies surviving after 4 more years and artists getting increasingly diminished returns even with same or greater output to their portfolios.

Artists have the loosing side here as was evidenced these last years when commissions were cut.  The best we can do is produce enough to make the downward slide less abrupt more like a slow down-slope.

Maybe by then we would be in a position to have our content hosted on our own terms with a company just handling the search. Like a Google of microstock, they get 20% we get 80% and there is no curation, we set our prices, we host the content and they just bring the eyes and wallets to it.

No way, youre far too optimistic. At this rate it wont last another 4 years and if it should? left will be the c##p, nothing else. Maybe its all for the better? so we can go back to the stock and photography business the way it used to be. Much, much healthier.

« Reply #81 on: December 03, 2012, 16:07 »
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The microstock agencies party will only last until a guy makes an filesharing indexing matrix so we can sell directly out our harddisk. The broad band is there.

All this upload, inspection and categories we do now is oldfashioned.
Keywords are not.

All it takes is that we wing out different licensing options and connect model releases. The deal could easily be done between the contributor and the buyer. There is such a thing as IPTC.

And legal stuff?

Yes, that goes back to the old days, where people who did things were responsible for it. The end user.
Same with weapons trade.

Come on, some wizzkid, do it! Im too old myself.
« Last Edit: December 03, 2012, 16:16 by JPSDK »

tab62

« Reply #82 on: December 03, 2012, 17:00 »
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when the ends in 2012 as predicted I will go fishing with my daughter...

Poncke

« Reply #83 on: December 03, 2012, 18:10 »
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The microstock agencies party will only last until a guy makes an filesharing indexing matrix so we can sell directly out our harddisk. The broad band is there.

All this upload, inspection and categories we do now is oldfashioned.
Keywords are not.

All it takes is that we wing out different licensing options and connect model releases. The deal could easily be done between the contributor and the buyer. There is such a thing as IPTC.

And legal stuff?

Yes, that goes back to the old days, where people who did things were responsible for it. The end user.
Same with weapons trade.

Come on, some wizzkid, do it! Im too old myself.
How is going from say 50 million unique images online to 20 billion images going to be the end of stock? Because  a) I Dont see that matrix become a success b) Buyers will turn to stock to find quality again after they waded through 200000000 pages of crapstock.

Flickr already has over 6 billion images online, can you image what will be on hard drives

« Reply #84 on: December 03, 2012, 18:25 »
+2
I think there will always be a need for an agency between photographers and buyers - at least for those of us with no direct access to any buyers.  They aren't going to find me through some future "Google Stock" search site.

We want an agency with an interest in a future more than 3 months ahead, that intends to keep participation worthwhile for producers of quality new images.



« Reply #85 on: December 03, 2012, 18:35 »
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We want an agency with an interest in a future more than 3 months ahead, that intends to keep participation worthwhile for producers of quality new images.


Have you heard of a company called "Shutterstock". By all accounts they're doing very well and contributors' incomes are steadily increasing. I shouldn't wonder that their enterprise horizons might even be a tad longer than the 3 months you require.

http://finance.yahoo.com/q?s=SSTK

« Reply #86 on: December 03, 2012, 19:11 »
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They aren't going to find me through some future "Google Stock" search site.

You could always try regular Google. It works pretty well and already exists.  ;)

tab62

« Reply #87 on: December 03, 2012, 19:51 »
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plus the don't owe Mexico $2.7 billion (USD)  ;D

Les

« Reply #88 on: December 04, 2012, 00:38 »
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Maybe new specialized agencies catering to niche markets will be born - for farmer's produce, dentists, hand-shakers, glamour, smartphones in hot tub, vampires, ...

« Reply #89 on: December 04, 2012, 02:01 »
+2
Here is the rundown of happenings during 2013.

Jon at SS, will leave and concentrate on his lifelong passion, softwares and programs. he has the money no doubt to make a hell of a go. SS without Jon?  and in the hands of the shares bulls and bears?. Anybodies guess.

IS: totally amalgamated into Getty and TS, etc. They will launch a new platform inside Getty, housing the IS ppl.

FT: they lost the interest for their contributors even before IS. They dont really care about anything anymore and my guess is we will see a change of admin and strategy pretty soon.

DT: well they dont cause too much stir, few changes here and there but basically they chose their battles and I can see more and more of subs coming into this but they are a cautious general.

The rest:  Gone.

Oh by the way! this is not only predictions. I do happen to know a bit, " behind the scenes"  so to speak. Say no more. :)
« Last Edit: December 04, 2012, 02:04 by ClaridgeJ »

« Reply #90 on: December 04, 2012, 02:24 »
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I have read all the posts on this topic and while almost everybody seems to complain or be afraid of microstock apocalypse still nobody raised the next important topic WHAT CAN WE DO ABOUT IT ? Come on people !
All those big players and i refer to agencies, without our work are NOTHING ,
I am sorry if someone feels offended, but as long as we submit our work for as low as 20%  and continue to sell different form of art in subscription plans, like vegetables on the market, very soon we will end by selling portfolios for few bucks.....

and off topic, here is a very inspiring movie
China: A Century of Revolution [1911 -1949] Part 1

Poncke

« Reply #91 on: December 04, 2012, 03:06 »
0
I have read all the posts on this topic and while almost everybody seems to complain or be afraid of microstock apocalypse still nobody raised the next important topic WHAT CAN WE DO ABOUT IT ? Come on people !
All those big players and i refer to agencies, without our work are NOTHING ,
I am sorry if someone feels offended, but as long as we submit our work for as low as 20%  and continue to sell different form of art in subscription plans, like vegetables on the market, very soon we will end by selling portfolios for few bucks.....

and off topic, here is a very inspiring movie China: A Century of Revolution [1911 -1949] Part 1
You need to do a bit more of reading dude. You are late to the party, and thats an understatement.  ;)


« Reply #92 on: December 04, 2012, 03:24 »
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Quote
The rest:  Gone.

That's a bit of a sweeping statement...talk about the microstock apocalypse.

« Reply #93 on: December 04, 2012, 10:45 »
+1
The rest:  Gone.

I can pretty much guarantee this isn't going to happen.

tab62

« Reply #94 on: December 04, 2012, 10:48 »
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move to China... ::)

ShadySue

  • There is a crack in everything
« Reply #95 on: December 04, 2012, 11:13 »
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Oh by the way! this is not only predictions. I do happen to know a bit, " behind the scenes"  so to speak. Say no more. :)
I still can't understand why you continue to waste your time with us "bunch, thats all mouth and no money" as you so charmingly put it, where you 'used to be but it gave a bad rep', but came back under a different nom-de-guerre.

« Reply #96 on: December 04, 2012, 11:29 »
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LOL

WarrenPrice

« Reply #97 on: December 04, 2012, 11:43 »
+2
Oh by the way! this is not only predictions. I do happen to know a bit, " behind the scenes"  so to speak. Say no more. :)
I still can't understand why you continue to waste your time with us "bunch, thats all mouth and no money" as you so charmingly put it, where you 'used to be but it gave a bad rep', but came back under a different nom-de-guerre.

or...why do WE waste Our time on him?   :-\ ::)

ed:  or Her?   ;D

« Reply #98 on: December 04, 2012, 11:59 »
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It could be a little girl?
Red Riding Hood or something.

velocicarpo

« Reply #99 on: December 04, 2012, 13:47 »
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Back to the Topic and the Question "What will you do?".
When it comes to me I always considered any of my stock sources as "more or less" reliable, so I invested my income in the past years in real estate which brings rentals. With that and my freelancing I feel confident for my economic future.

But if stock would collapse I would have another Problem: I just love too much what I do to just stop. I simply would not be able. So I consider to build up a few different things I am already into:
- Art photography: Not much Money in there but I would continue to build up this branch of my Port and concentrate even more on RM and Print sites.
- Open up a bigger Studio for all kinds of freelance works. Actually I am currently looking for a suitable space anyhow, so it would be just a little step to open up additional income sources.
- Doing something totally different: I am e.g. a passionate cook and in my little corner of the world it would be just easy to throw a little money into the game and open up some sort of food place, even if it would be just as a investor.
- Retire if I finally hit the Lottery Jackpot.


 

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