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Author Topic: Yuri admits he's losing money !  (Read 59758 times)

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ShadySue

  • There is a crack in everything
« Reply #175 on: March 05, 2010, 14:53 »
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Deleted post - I guess I've been hitting quote rather than modify. Is there any way to delete these posts?
« Last Edit: March 05, 2010, 15:00 by ShadySue »


« Reply #176 on: March 05, 2010, 15:07 »
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I have one word for all those worried about competition, people writing books to encourage others to enter the business and other somewhat irrational fears that the marketplace will decide that microstock will cease to make money. If you really want to have something to worry about, consider the following. It isn't smart business people like Yuri or newbies or more amateurs or more pros entering microstock it's: Flickr

PS "Free" actually will have excellent financial rewards to market leaders in the future and it won't have anything to do with selling ancillary products or links. I predict that it will drive all models from RM to micro. I'm not prepared to reveal what that might be as it is in its infancy and not worth getting all riled up about. And NO I won't be making money because of it or promoting it or anything.

" "Free" actually will have excellent financial rewards to market leaders in the future"

Where will this leave the non "market leaders"?

Where they are now.

ShadySue

  • There is a crack in everything
« Reply #177 on: March 05, 2010, 15:08 »
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but my impression is it's not just about the price, but about something
else, about pictures that would be rejected by QC but that are great
nonetheless.

Flickr can really prove the lack of market knowledge on the part of agency reviewers... I've had photos become very popular on Flickr after being rejected at the agencies... those "inferior" shots have found paying customers.

That's not at all surprising - friends who work in printing assure me that over 99% of the time, you don't need the quality demanded by e.g. iStock, e.g. the printing process itself would wipe out miniscule faults or artefacts. The most asked-for pics from my personal website are a series of unique content which iStock rejected for 'flat light' (my main rejection reason). If I were doing them now (the chance of catching it again would be miniscule, apart form being over 1000 miles away) with my 5D2, I wouldn't even consider micro for them, but that's another story.
« Last Edit: March 05, 2010, 17:09 by ShadySue »

macrosaur

    This user is banned.
« Reply #178 on: March 05, 2010, 15:31 »
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exactly.

i've plenty of RM images that would never pass istock's QC and yet they sell and they're very nice shots.

it's simply ugly to search something on micros and finding the same stuff over and over because their
QC doesn't allow anything slightly different from their submission guidelines.

"harsh shadows" being the most stupid QC rejection reason.
what if i like harsh shadows ? what if i did it on purpose ? what if buyers love it ?
and what if i like de-saturated images, selective focus, artistic blurring ?
no, you can't, because getty thinks so.

and the funny thing, if you submit the same pic to getty RM chances are they'll be glad
to accept it and sell it.

i see plenty of fresh and creative images on Flickr by complete amateurs using a 90$ point & shoot.

the only agency recognizing this is Alamy with its non-edited collection.
the drawback is 90% of the alamy collection is junk but it's the price to pay
if you want to store photos you can't find anywhere else.

the big problem of flickr is the lack of decent keywording but i'm sure the pros there
knows how to deal with it.

it's certainly a heaven for thieves but if this is the problem there's plenty of designers
removing watermarks from istock and SS thumbnails, it's a 2 minutes work if you
know about layers and alpha channels, not to mention there's plenty of stolen
RM and RF images on torrents and P2P.
« Last Edit: March 05, 2010, 15:34 by macrosaur »

« Reply #179 on: March 05, 2010, 15:32 »
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I have one word for all those worried about competition, people writing books to encourage others to enter the business and other somewhat irrational fears that the marketplace will decide that microstock will cease to make money. If you really want to have something to worry about, consider the following. It isn't smart business people like Yuri or newbies or more amateurs or more pros entering microstock it's: Flickr

PS "Free" actually will have excellent financial rewards to market leaders in the future and it won't have anything to do with selling ancillary products or links. I predict that it will drive all models from RM to micro. I'm not prepared to reveal what that might be as it is in its infancy and not worth getting all riled up about. And NO I won't be making money because of it or promoting it or anything.

" "Free" actually will have excellent financial rewards to market leaders in the future"

Where will this leave the non "market leaders"?

Where they are now.

With all due respect that is a rather ambiguous answer.  It is hard to imagine a potential upside for the collective whole when highly visible and high volume submitters are offering images for free. I can imagine that it might have the potential to drive lower volume competitors out of the market!  

macrosaur

    This user is banned.
« Reply #180 on: March 05, 2010, 15:39 »
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lower volume photographers are already out of the market unless they produce exceptional images
or are specialized in obscure niches.

if i was a buyer i wouldn't know where to start.

there's simply zillions of photos around, and dozens of very good agencies, and to top it off you've Flickr, Photoshelter, SmugMug, and the 1000s of single photographers selling from their own sites, then finally the art galleries, art sites, auctions, ebay, and who knows what more.

it's just overwhelming, before or later it will be very hard to get noticed in this ocean
of photos.

how's gonna be in 10 years if Flickr has already 1+ billion images and Alamy 18+ millions ?

« Reply #181 on: March 05, 2010, 15:54 »
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FYI, Flickr passed the 4 billions mark at the end of last year....

« Reply #182 on: March 05, 2010, 16:08 »
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lower volume photographers are already out of the market unless they produce exceptional images
or are specialized in obscure niches.


if i was a buyer i wouldn't know where to start.

there's simply zillions of photos around, and dozens of very good agencies, and to top it off you've Flickr, Photoshelter, SmugMug, and the 1000s of single photographers selling from their own sites, then finally the art galleries, art sites, auctions, ebay, and who knows what more.

it's just overwhelming, before or later it will be very hard to get noticed in this ocean
of photos.

how's gonna be in 10 years if Flickr has already 1+ billion images and Alamy 18+ millions ?

I agree and those exceptional and specialized niche images are getting harder and harder to find because there are so many images. We have little control over how deeply they become buried.
« Last Edit: March 05, 2010, 16:20 by gbalex »

« Reply #183 on: March 05, 2010, 16:19 »
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Hi All,

 Thank you Ellen for your input. I don't think I can add anything to your perspective, it seems very on target. Thanks for sharing.

Cheers,
Jonathan

« Reply #184 on: March 05, 2010, 16:22 »
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I think that was the best thing said on this entire thread, follow what makes you really happy with an intensity and passion and you will usually always be content.

Yes, that's by far the best advice on the thread.

macrosaur

    This user is banned.
« Reply #185 on: March 05, 2010, 16:29 »
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I think that was the best thing said on this entire thread, follow what makes you really happy with an intensity and passion and you will usually always be content.

Yes, that's by far the best advice on the thread.

yes but can we also say that it's frightening to read on Ellen's blog that the president of the Stock Artist Alliance (SAA)
is selling microstock ?

i was thinking the SAA was a reputable organization, now SAA and all the big guns in stock are going
microstock for part of their portfolios.

Sanger and Lund adding pepper telling us about SEO and diversification, as if this wasn't the same stuff
heard since 1996 in any internet marketing forum or workshop.

i've the impression nobody really knows where the market is heading, they're all waiting for either
the sudden crash of Getty RM or the sinking of iStock or something in between.

there's just maybe no magic trick nor magic receipt.
i shoot travel, i will keep shooting travel.

i know i could make 10x more shooting models like Yuri or Sean Locke.
but it's not my style nor my cup of tea.

as Ellen rightfully said, you must do what you love.

« Reply #186 on: March 06, 2010, 11:57 »
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lower volume photographers are already out of the market unless they produce exceptional images
or are specialized in obscure niches.

if i was a buyer i wouldn't know where to start.

there's simply zillions of photos around, and dozens of very good agencies, and to top it off you've Flickr, Photoshelter, SmugMug, and the 1000s of single photographers selling from their own sites, then finally the art galleries, art sites, auctions, ebay, and who knows what more.

it's just overwhelming, before or later it will be very hard to get noticed in this ocean
of photos.

how's gonna be in 10 years if Flickr has already 1+ billion images and Alamy 18+ millions ?

Modern humans began replacing Neanderthals around 45,000 years ago you need to see that your time has passed. You should just cut and paste your repititious spew because you do nothing but repeat yourself. You need some new material to stay fresh and funny. 1 billions image on flickr isn't microstock.

macrosaur

    This user is banned.
« Reply #187 on: March 06, 2010, 13:12 »
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so are we "macrosaurs" really on the way to extinction ?  ;)

« Reply #188 on: March 06, 2010, 14:40 »
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Selling on Flickr is possible, and for good money I might add, but so is getting assignment work.

« Reply #189 on: March 06, 2010, 15:56 »
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Not really bothered about Yuri losing money. He should have seen it coming in a niche market (as far as the majority of his images are concerned) which he and others have saturated. Anyway, I'm sure he's savvy enough to head in a new direction.....but like most organisations so intent on growth, when you take your eye off operating expenses it has a tendency to bite you in the arse down the line. Then you get the knee-jerk reaction of redundancies and relocation of jobs to low pay countries. Greed is not good.

Leo Blanchette

« Reply #190 on: March 06, 2010, 15:58 »
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Anyone with a brain could have seen this coming. Search my original posts on this subject well over a year ago. The right thing to do is stop uploading and start going independent. In fact, just to increase your chances go back in time about a year and start making preparations then. :D

« Reply #191 on: May 31, 2010, 21:54 »
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Leo Blanchette

« Reply #192 on: May 31, 2010, 22:05 »
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The logic is sound... with these sorts of things your greatest advantages comes when you happen to arrive at the beginning when the business is young.

Out of curiosity, are there any newcomers of the last year that:

A: Have cool and original stuff
B: Are motivated

...that have seen any success like the original guys back in the day?

« Reply #193 on: May 31, 2010, 22:36 »
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Thanks Sean for that read. Not very exposing a lot of new facts but I have to comment on the following:

Quote
...He had read that the average lifetime return of an accepted microstock image is about $14 for Arcurs, but more like $2 for the average photographer. ...

I hope a few full-timers can chime in here but I would have left microstock a long time ago if my average return per image would be $14.

I can only imagine that an image factory is "able" to achieve such low results by producing so many images that their downloads are spread out across their entire archive.

Across all sites I contribute to (including very low earners like Crestock, Scanstock, 123RF and Canstockphoto) I average at $25 return per image.

Why even adjusting colors of an image not to mention retouching it if you are epxecting $2 of lifetime earnings??? These are very funny numbers. I find that hard to believe.

xst

« Reply #194 on: May 31, 2010, 22:45 »
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Thanks Sean for that read. Not very exposing a lot of new facts but I have to comment on the following:

Quote
...He had read that the average lifetime return of an accepted microstock image is about $14 for Arcurs, but more like $2 for the average photographer. ...

I hope a few full-timers can chime in here but I would have left microstock a long time ago if my average return per image would be $14.

I can only imagine that an image factory is "able" to achieve such low results by producing so many images that their downloads are spread out across their entire archive.

Across all sites I contribute to (including very low earners like Crestock, Scanstock, 123RF and Canstockphoto) I average at $25 return per image.

Why even adjusting colors of an image not to mention retouching it if you are epxecting $2 of lifetime earnings??? These are very funny numbers. I find that hard to believe.

He is talking about earning per month, not over lifetime

« Reply #195 on: June 01, 2010, 01:42 »
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The logic is sound... with these sorts of things your greatest advantages comes when you happen to arrive at the beginning when the business is young.

Out of curiosity, are there any newcomers of the last year that:

A: Have cool and original stuff
B: Are motivated

...that have seen any success like the original guys back in the day?

Yes there are, have a search on http://istockcharts.multimedia.de/ and you can find them.  Buyers might look at the files with the most downloads first but if they can't find what they want, they seem to look at new images as well.  The new people that produce something a bit different still have little competition and can get decent downloads.

Anyone copying Yuri is going to have a hard time because there are so many people already doing that.

lagereek

« Reply #196 on: June 01, 2010, 03:28 »
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In the RM stock world, yes I can understand high production costs, I mean many of us way back used to have horrible stock-costs when we supplied Image-Bank and Stones, etc, these were the tranny days, I know Art-Kane for example had modeling costs far more then anybody today BUT ofclourse an RM image also fetch a hell of a lot more money.
You get a good 10 years in any business venture and in the Micro world?  well we have had our time, etc, now its time to either wrap up or just persevere hoping?

I still cant see the why its a must to invest such vast amounts, such incredible overheads in Micro?  its a penny pinching world but with high costs.
Maybe its time to slow down and boot a few guys.

« Reply #197 on: June 01, 2010, 07:14 »
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Hmm __ yet another badly flawed article by an 'expert' who doesn't really understand the subject of which he writes.

Quoting average lifetime earnings for a microstock image of $2 (or even $14 for Yuri) is clearly absurd. Yuri would have to be uploading about 110K images per year to make his supposed $1.5M income, and that's assuming that each image generated it's entire income within one year. If he is making that sort of income from his portfolio of 30K images then each image has to be generating about $50 per year   which is obviously much more realistic.

I doubt that Yuri has stated that '80-90% of buyers sort search results by downloads'. I'd think it much more likely that an agency's default sort order was the most used by buyers. Certainly the effect of best match changes on individual contributor's sales seems to suggest this. The author also doesn't appear to understand that new images are constantly appearing and some of them will be displacing images at the top of search orders. It is no more self-perpetuating than the best-sellers book lists at Amazon.

OM

« Reply #198 on: June 01, 2010, 07:14 »
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This could be a reason Yuri's losing money ;)

http://rising.blackstar.com/there-are-no-shortcuts-to-success-in-microstock.html


Thanks. Always wondered why best sellers kept selling.

« Reply #199 on: June 01, 2010, 07:48 »
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I wouldn't say microstock industry is going down. I think it's more the fact that total number of images on every agency is going up as well as total number of new contributors.
If one has 3000 images in portfolio, and manage to put online 30 more images every week, that means he/she made portfolio bigger for 1%

In the mean time, shutterstock has little over 11 000 000 images, and it's sytatistics says they added almost 100 000 images this week, which is again, very close to 1% ( I guess "this week" means in last 7 days, because it's still tuesday)
So, portfolios of big guys have the same exposure like several months before.

In the mean time, small contributors (around 300 images in port.), like me, experience growth in sales, because if a small contributor increases his/her portfolio for 30 images weekly, he automatically makes portfolio (and it's exposure) at least 10% bigger.


 

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