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Author Topic: Who cares they closed StockXpert?  (Read 7412 times)

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Dook

« on: February 11, 2010, 07:14 »
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Thinkstock does not look attractive to buyers yet. It looks like all SX customers use SS, FT and DT now. I notice big increase of my income at these three sites this month.


« Reply #1 on: February 11, 2010, 07:34 »
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I hope so, it is probably impossible for us to know where the StockXpert buyers are going but it does seem that the other sites are doing well.  I thought they were wrong to close StockXpert when it was a successful profitable site with millions of images that weren't on istock.  I think it was also a bad decision to lose a lot of their subs contributors by offering us the lowest commission in the industry.  Someone there seems to be making bad decisions, hopefully it will work out well for non-exclusives, by making other sites stronger.

« Reply #2 on: February 11, 2010, 08:41 »
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Why should you care?

- They offered a 50% royalty.

- They allowed you to opt out of subs.

- They didn't have the take it or leave it mentality.

- They were one of the fastest growing stock sites.

I'm sure there are other reasons, but that is what I could think of off the top of my head.

helix7

« Reply #3 on: February 11, 2010, 09:44 »
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StockXpert just closed own officially today. How can you attribute a good month at other sites to StockXpert closing?

As for why anyone should care, on top of the good reasons mentioned by GeoPappas, I'd add my own personal reason: 10% of my microstock income is now gone.

« Reply #4 on: February 11, 2010, 09:51 »
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Thinkstock does not look attractive to buyers yet. It looks like all SX customers use SS, FT and DT now. I notice big increase of my income at these three sites this month.
Oh that's why. I noticed a huge increase on DT the first 3 days of February. That was right after the SX final email. In hindsight, I got an unusual number of ODs on SS too. Of course, it might be just a coincidence. I am looking regularly at TS in my niche, and for sure it's a crap selection. Perhaps they will iron this out in a few months, getting more content, but by that time it might be too late.

vonkara

« Reply #5 on: February 11, 2010, 09:58 »
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An agency that give more than 50% of sub. I want them all to go

« Reply #6 on: February 11, 2010, 10:20 »
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StockXpert just closed own officially today. How can you attribute a good month at other sites to StockXpert closing?

As for why anyone should care, on top of the good reasons mentioned by GeoPappas, I'd add my own personal reason: 10% of my microstock income is now gone.


Surely it hasn't gone, gone, it's just gone somewhere else.

I'm dissapointed that StockXpert is no more, but there is no point in crying over spilt milk.

lisafx

« Reply #7 on: February 11, 2010, 10:22 »
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My sales at DT and Fotolia seem about average. Maybe even down a bit on DT since I haven't uploaded there since December.  

But my OD sales on SS have taken a big jump, same as FD is reporting.  Too soon to tell if it's related.  Over the next week or two we may get an idea of where the buyers are landing.

ETA:  If they are going to Istock, as directed, you sure wouldn't know it from my sales there.  OTOH if all they see on IS are mostly exclusive images, then that would explain it.  In that case the 7% of my income represented by StockXpert is truly gone.
« Last Edit: February 11, 2010, 10:26 by lisafx »

« Reply #8 on: February 11, 2010, 10:28 »
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If Dook is right, then I wonder what happened to "my" buyers, because I don't see an increase anywhere...  Maybe they all purchase subs elsewhere, because this is the onlu increase I see.

I'm with Geo, I will miss StockXpert a lot, it was as excellent site for me, and the one with the most fair (fairer?) rules.

« Reply #9 on: February 11, 2010, 10:40 »
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I'm with Geo, I will miss StockXpert a lot, it was as excellent site for me, and the one with the most fair (fairer?) rules.

Me too. Today is a sad day.

« Reply #10 on: February 11, 2010, 11:25 »
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I'm very bad at financial matters and have no business-management training.
I've been told many times before that 'Getty are the market leaders. They're a team of astute businessmen and know what they're doing.'
But their recent actions left me genuinely puzzled.
Cash was flowing, why kill STX?
0.5 cent? Is that it?
Are they truly going to make more money with Photos.com than they did with STX?
What about ThinkStock? Is that half-baked site going to take the subscription market by storm?
And why do they seem to be recklessly determined to undermine everything Istock stands for? Their own crown jewel, hell bent on destroying it.
I guess I'll never know.
Sad day indeed.

« Reply #11 on: February 11, 2010, 12:34 »
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Quote
If they are going to Istock, as directed, you sure wouldn't know it from my sales there.  OTOH if all they see on IS are mostly exclusive images, then that would explain it.  In that case the 7% of my income represented by StockXpert is truly gone.

+1 (except my percentage is closer to 11 or 12%)

« Reply #12 on: February 11, 2010, 13:02 »
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It's end of the world of course but suddenly 10% of my microstock revenue disappear. I do not know if or when it will resurface. Some buyers may go to other agencies I am working with. In case of buyers going to IS it would hurt me most cause my port there is 10x smaller.

RT


« Reply #13 on: February 11, 2010, 13:27 »
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It's a shame they've shut, but there's nothing we can do about it, I can't see how speculating where the buyers will go helps anybody, just make sure you've got your best work spread out everywhere and then hope you pick up some additional sales.

« Reply #14 on: February 11, 2010, 15:01 »
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I made some alright money, especially before subs and liked the site when steve-oh was around

« Reply #15 on: February 11, 2010, 15:28 »
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And I just found other US$5 on my balance.  Got more there in these closing days than at DT.
« Last Edit: February 11, 2010, 15:30 by madelaide »

Dook

« Reply #16 on: February 11, 2010, 16:04 »
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Well, I will not start new topics anymore. My English is not that good  :-X. I have been misunderstood completely. Of course I miss StockXpert, I lost 20% of my income. I miss StockXpert, but this was about new owners - Getty. I just tried to be optimistic.


« Reply #17 on: February 11, 2010, 18:21 »
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I miss StockXpert too...

« Reply #18 on: February 12, 2010, 02:05 »
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And me too... :'(

« Reply #19 on: February 12, 2010, 02:22 »
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I miss the independent (and still relatively 'big') site it once was.

« Reply #20 on: February 12, 2010, 07:24 »
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My conclusion is:

-will stay same number of buyers, with or without some of sites,they migrate to another sites...
- cca 600$ of my money is still on many different accounts, because of payout limits, with less sites we will have our money in our pocket sooner...
-struggle for market forced me to upload on many agencies, that mean much more effort for same money, also sometimes it is "Sizif's job" (Zymm,StockXpert,LO etc.)
-also many agencies mean more documents, more W-8EN, sometimes more fees because of different types of payments...
-more upload, bigger Internet traffic, with flat rate also mean more steering in monitor,lees shooting...
-different prices level and new sites for searching cheaper versions also can harm my earnings...
-some part of my money probably will never come on my bank account, Cres, etc.
-"Don't put all eggs in the same basket" doesn't bring me any big benefit, only losses of some money and time...

Probably I never go on Exclusive, I like different types of market, but less agencies is better...

« Last Edit: February 12, 2010, 07:27 by borg »

« Reply #21 on: February 12, 2010, 07:31 »
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I'm with Geo, I will miss StockXpert a lot, it was as excellent site for me, and the one with the most fair (fairer?) rules.

Me too. Today is a sad day.
+1

« Reply #22 on: February 12, 2010, 08:55 »
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My conclusion is:

-will stay same number of buyers, with or without some of sites,they migrate to another sites...
- cca 600$ of my money is still on many different accounts, because of payout limits, with less sites we will have our money in our pocket sooner...
-struggle for market forced me to upload on many agencies, that mean much more effort for same money, also sometimes it is "Sizif's job" (Zymm,StockXpert,LO etc.)
-also many agencies mean more documents, more W-8EN, sometimes more fees because of different types of payments...
-more upload, bigger Internet traffic, with flat rate also mean more steering in monitor,lees shooting...
-different prices level and new sites for searching cheaper versions also can harm my earnings...
-some part of my money probably will never come on my bank account, Cres, etc.
-"Don't put all eggs in the same basket" doesn't bring me any big benefit, only losses of some money and time...

Probably I never go on Exclusive, I like different types of market, but less agencies is better...



Can't say never but not for now

Kone

« Reply #23 on: February 12, 2010, 12:29 »
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I cared, but probably in a different way than most.  I had a little over 8 dollars in there and couldn't get a payout, but they let me do a final payout for the 8 bucks...sometimes it is the little things in life.

RacePhoto

« Reply #24 on: February 12, 2010, 14:15 »
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It's a shame they've shut, but there's nothing we can do about it, I can't see how speculating where the buyers will go helps anybody, just make sure you've got your best work spread out everywhere and then hope you pick up some additional sales.

Have to agree.

With everyone except exclusives putting the same files on 5-6 sites, some people up to 30 sites, the buyers won't have to go very far to find... the same images! :)

Since the buyers aren't just going to go out of business and stop buying because they can't get the photos from StockXpert, it's an easy conclusion that they will buy someplace else.

All this doom and gloom about "I just lost X% of my sales" is faulty math. All that's happened, is the same buyers will go someplace else for their needs, and since mostly the same photos are on most of the same sites, they won't have much trouble finding the same photos they were already buying.

It is nothing but a shift. Same as if you lived in the center of a circle of six drive through burger joints and one closes. You don't stop eating? You don't stop buying burgers. You just pick a new source!

With StockXpert subscriptions and credits that buyers had and the site just closing yesterday, I don't see how anyone can see any significant change in buyer behavior or movement. Same as the week after BigStock was sold, people reported changes. Now we see that virtually nothing has changed there. ThinkStock just opened, like it or not, it will take some time to see how the buyers respond.

The only thing that's for certain is change!

« Reply #25 on: February 12, 2010, 14:17 »
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I care because I could sell some images there that were not sold on any other sites :) StockXpert has always been #3-#4 earner for me.

« Reply #26 on: February 12, 2010, 21:06 »
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They were a great site for selling Raster illustrations that iStock would reject outright. They seemed to compliment each other well.


-Mark
http://markwpayne.wordpress.com
 


« Reply #27 on: February 12, 2010, 22:21 »
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I dont make research but I think that in some state of TOS of all agencies is one of that  "Site goal is that make money for them and contributors and to do it in best possible manner"
So this best possible manner is not in this case in ColdBloody killing of StockXpert site.
If new daddy soOns owners are so foxy, than they must pay us every month our average income from StockXpert + "eventually" income from they Sons wishes wannabe "Thing site".
Any how I missed how can we be payed from this fabulous transactions to Herera or whom?!?
what is Herera? What I got with them?
There is to much non coinsestencies from "So called serious site"
I thing that Thing site will be big fart in pot for better hearing and results in earnings worse than Cre or some other obscure site...


 

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