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Author Topic: What does microstock contribute to your bottom line?  (Read 12641 times)

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« on: June 19, 2013, 17:26 »
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So I was looking at a thread on SS earlier about someone having a great (un-quantified) day, and folks chiming in about their various levels of double digit daily sales.  From where I sit, high double digit looks pretty good but, in hard cash, it's peanuts, probably a nice "extra" but no way could it be considered a living. 

Over here there is probably a fair percentage of actual pro submitters but I suspect a lot of us are what Lagereek would call weekend shooters.  I reckon MS accounts to about 2% compared to income from the day job and wonder, with all talk of BMEs on the one hand and angst about best match on the other, what the pattern of actual reliance on MS income is across the folks who post here.


« Reply #1 on: June 19, 2013, 17:39 »
-2
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« Last Edit: May 12, 2014, 12:53 by Audi 5000 »

WarrenPrice

« Reply #2 on: June 19, 2013, 17:41 »
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According to the poll results the average contributor who contributes to 22 sites makes 1387 per month and the average Istock exclusive contributor makes 1695 a month.

I must be reading this wrong -- does the average contributor contribute to 22 sites?


« Reply #3 on: June 19, 2013, 17:43 »
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« Last Edit: May 12, 2014, 12:53 by Audi 5000 »

« Reply #4 on: June 19, 2013, 17:51 »
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According to the poll results the average contributor who contributes to 22 sites makes 1387 per month and the average Istock exclusive contributor makes 1695 a month.

I must be reading this wrong -- does the average contributor contribute to 22 sites?
No probably not so the average nonexclusive makes less than that.

So, if you make 10,000 per month and I make 100, the average is 5,050 - doesn't really reflect the real world.  I don't doubt that there are a few that make serious bucks, some that make a living and a whole lot that make peanuts.  If the average worked, what do they live on for the other 3 weeks?

« Reply #5 on: June 19, 2013, 18:02 »
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« Last Edit: May 12, 2014, 12:53 by Audi 5000 »

EmberMike

« Reply #6 on: June 19, 2013, 18:25 »
+9
... I reckon MS accounts to about 2% compared to income from the day job and wonder, with all talk of BMEs on the one hand and angst about best match on the other, what the pattern of actual reliance on MS income is across the folks who post here.

The trick with this business is that the higher up the ladder you get, the more reluctant people are to talk about earnings. And for good reason. If you do make a living at this, no need to paint a target on yourself for the copy-cats.

One thing I've learned is that there are a lot of people doing very well in this business and not talking about it, and probably an equal number of people doing pretty poorly and talking about it like they just won the lottery. Success in microstock is a very relative term.

Long-story-short, I think you're going to find that this is a question that is almost impossible to get an answer to.

« Reply #7 on: June 19, 2013, 19:27 »
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The survey is a pretty good place to start:

http://blog.microstockgroup.com/2012-microstock-industry-survey/

« Reply #8 on: June 19, 2013, 19:46 »
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The trick with this business is that the higher up the ladder you get, the more reluctant people are to talk about earnings. And for good reason. If you do make a living at this, no need to paint a target on yourself for the copy-cats.

believe you just had a black out moment, haven't you said you made 100k $ at SS on the forum?

EmberMike

« Reply #9 on: June 19, 2013, 19:58 »
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The trick with this business is that the higher up the ladder you get, the more reluctant people are to talk about earnings. And for good reason. If you do make a living at this, no need to paint a target on yourself for the copy-cats.

believe you just had a black out moment, haven't you said you made 100k $ at SS on the forum?

Yeah, and it took 7 years. Not exactly rolling in the dough here. :)

« Reply #10 on: June 19, 2013, 20:05 »
+1
The trick with this business is that the higher up the ladder you get, the more reluctant people are to talk about earnings. And for good reason. If you do make a living at this, no need to paint a target on yourself for the copy-cats.

believe you just had a black out moment, haven't you said you made 100k $ at SS on the forum?

Yeah, and it took 7 years. Not exactly rolling in the dough here. :)

not that bad, I have got enough for a kitchen roll, if you ever need it let me know ;D

EmberMike

« Reply #11 on: June 19, 2013, 20:12 »
+1
Hey, I'm not complaining. I've been doing ok in microstock. But I don't think I'm among the group being discussed here, especially when we're talking about those who can comfortably rely on microstock income as their only income. I'm still doing other work, like most folks here.

Let's put it this way... when I lost my day job a few years ago and had to rely on my microstock earnings to pay the bills, I didn't make it and had to borrow some money to get by for a few months until I found more work. So I'm still pretty far from being in the group of top artists who can get by on microstock earnings alone.

That $100k milestone was awesome to hit, but I celebrated with a beer and not a bottle of champagne. Next time I'd like to be celebrating hitting the next $100k in less than 7 years hopefully. :)

« Last Edit: June 19, 2013, 20:15 by EmberMike »

« Reply #12 on: June 19, 2013, 20:20 »
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thanks for sharing Mike :)

« Reply #13 on: June 19, 2013, 20:28 »
+1
So I'm still pretty far from being in the group of top artists who can get by on microstock earnings alone.

I assume that is a pretty small group.

« Reply #14 on: June 19, 2013, 22:35 »
+5

One thing I've learned is that there are a lot of people doing very well in this business and not talking about it, and probably an equal number of people doing pretty poorly and talking about it like they just won the lottery. Success in microstock is a very relative term.

Long-story-short, I think you're going to find that this is a question that is almost impossible to get an answer to.

I used to work in the IT department of a large gambling company that had an online forum.  I could see the accounts of the people posting in the forums, their betting patterns, money they'd made etc.  The most vocal people usually hadn't placed a bet in months, and mostly losing bets at that.  Yet if there was a single problem with the betting website, they'd whinge that they'd lost thousands of dollars as a result, even though they didn't even have any bets on at the time.  I found this behaviour truly baffling, reading what was said in the forum and knowing that the individual was outright lying... for what purpose?  Why get so worked up if you never bet?  And there were SO MANY of those people.  Just bizarre.

The people who earnt a living off betting, and a small number made a million or more a year (yes it's possible, no I wouldn't recommend it unless you're particularly savvy and can afford to lose) never said a peep in the forum.

MS forums where you can see portfolios and downloads provide a bit of a check on individuals (even moreso where you can see downloads), but I've no doubt the same happens on all MS forums.

« Reply #15 on: June 20, 2013, 02:44 »
+1
Here if people's identity is known then it's easy to check if they are exaggerating or not.  If their identity isn't known then what is the point of exaggerating if nobody knows who you are anyway.

Mactrunk

« Reply #16 on: June 20, 2013, 05:35 »
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I'm a small fish at this moment but I do hope to make a complete income from this in a few years. I am at about 20% of my income at this moment. I hope to grow with 20% every 3-4 months. But thats just 'hopes'. ;) Until now I've invested in camera's, lenses and a complete studio. So the rest is just extra money now which is very nice. Since I have the studio my sales are increasing allot since it's much easier to shoot when I have time. The idea that if I don't shoot I still get $$$ coming in for doing nothing is the thing I like most in Microstock.


EmberMike

« Reply #17 on: June 20, 2013, 07:41 »
+2
Here if people's identity is known then it's easy to check if they are exaggerating or not.  If their identity isn't known then what is the point of exaggerating if nobody knows who you are anyway.

People do it anyway, even when they're known. There was a very vocal forum member over at SS who bragged for years about all the money he was making, paying his bills and mortgage and blowing the rest on lots of new gear. Then he installed the SS twitter app which reports your daily DLs and he was blown. Even kept up the charade afterwards saying that the twitter feed was reporting wrong numbers.

People are strange. There's no limit to the lies people will tell for any (or no) reason at all.

« Reply #18 on: June 20, 2013, 08:03 »
+1
Here if people's identity is known then it's easy to check if they are exaggerating or not.  If their identity isn't known then what is the point of exaggerating if nobody knows who you are anyway.

People do it anyway, even when they're known. There was a very vocal forum member over at SS who bragged for years about all the money he was making, paying his bills and mortgage and blowing the rest on lots of new gear. Then he installed the SS twitter app which reports your daily DLs and he was blown. Even kept up the charade afterwards saying that the twitter feed was reporting wrong numbers.

People are strange. There's no limit to the lies people will tell for any (or no) reason at all.

go and look at his latest pictures, does he have automatic approval? just unbelievable! :o

« Reply #19 on: June 20, 2013, 11:45 »
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 Hi All,

 I believe the question was " what does Micro sales contribute to your bottom line ". For me 12% of my income comes from Micro the balance of the other 88% of my personal revenue comes from Macro sales, I do not have another job that is making me any money yet, I do have another job but I am reinvesting all the returns from that endeavor back into the company so no cash flow into my account from there. I have 3500 images in Micro and around 10,000 images in Macro. I stopped shooting Macro and Micro 4 years ago with the exception of three shoots recently. My Micro sales have dropped by about 50% over those 4 years my Macro sales are hanging very steady and have barely dropped since I stopped producing. Please understand that this is not necessarily the norm, I know many Macro photographers who's sales have dropped a great deal so I do not think there is a method to this industry the only factor I can come up with is are you producing what the buyers want? However, that statement is an entirely different can of worms :)

 Cheers,
 Jonathan
« Last Edit: June 20, 2013, 20:18 by Jonathan Ross »

tab62

« Reply #20 on: June 20, 2013, 11:54 »
+1
"The idea that if I don't shoot I still get $$$ coming in for doing nothing is the thing I like most in Microstock."

I don't agree with the part of doing nothing. You took the photos, processed them (professionally), uploaded (key worded) them, and they passed the high standards of the editors to get into their library. If that is 'Nothing' than I hate to see what you call 'Something'  ;)

T

« Reply #21 on: June 20, 2013, 12:14 »
+1
Here if people's identity is known then it's easy to check if they are exaggerating or not.  If their identity isn't known then what is the point of exaggerating if nobody knows who you are anyway.

People do it anyway, even when they're known. There was a very vocal forum member over at SS who bragged for years about all the money he was making, paying his bills and mortgage and blowing the rest on lots of new gear. Then he installed the SS twitter app which reports your daily DLs and he was blown. Even kept up the charade afterwards saying that the twitter feed was reporting wrong numbers.

People are strange. There's no limit to the lies people will tell for any (or no) reason at all.

go and look at his latest pictures, does he have automatic approval? just unbelievable! :o
I guess that SS is one place where you can lie about how well you do.  Love the fact that somebody got busted like that LOL

« Reply #22 on: June 20, 2013, 12:49 »
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Off topic - I tend to take stories of SS sales with a shovel of salt as well.

On Topic, Mactrunk & Jonathan gave the sort of feedback I was looking for (I've no interested in peoples $ amounts).  Fair enough, sales & revenues are a way of keeping score but I don't believe that, for most people, it make that much difference to their lifestyle and that doom and gloom or nirvana reached threads are just a tad exaggerated  ;D

« Reply #23 on: June 20, 2013, 13:06 »
+1
45% non photography related day job (full time)
50% micro (full time hours worked on it)
5% macro (fit in what I can, when I can)

Used to be 100% macro 5 years ago. Should I give up the day job??? In this volatile world / market / business I'll hedge my bets for now....

« Reply #24 on: June 20, 2013, 13:10 »
0
Microstock provides about 70% of my earnings.  I have never earnt as much in a month at a day job as I do with mickrostock.


 

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