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Author Topic: Yuri Arcurs First Public Statement  (Read 146203 times)

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« Reply #625 on: August 12, 2013, 10:23 »
0
Actually you said there was no possible way the math would work out and I gave a scenario where it would, I didn't say you would make that, just that it was mathematically possible.  Especially now look at the difference in pricing between an XXXL non exclusive and an XXXL Vetta, it's 23 times more and add to that the increase in royalty % and you're at 30x.  I'm not saying all your content would be made Vetta, just that it is a mathematical possibility which you said it wasn't.  Hopefully this cleared up your misunderstanding a little.
ETA my own estimate for how much I would lose at Istock by going nonexclusive is over 90%.

Mathematically possible? Sure, fine. But I'm not running my business on long-shot remote possibilities.

It still seems like it is your belief that it is possible that anyone, even someone like me with so low of a percentage of my income coming from istock, can do better with the crown. And yet everything I've seen and heard tells me that it is impossible my earnings would multiple by 20x if I were exclusive. Have you ever heard of a case where someone's income jumped that much when they became exclusive? The best I've ever heard of is folks reporting 3x or 4x previous earnings.

I just think it's kind of funny that you'll call other people dismissive when it is pretty clear you aren't really open to any beliefs and assumptions other than your own.
These are your exact words "I know that if my istock income is 5% of my total monthly microstock income, there is no mathematical way possible that going exclusive would make up the missing 95%."

It is mathematically possible, that's all I said.  If a large portion of your files gets moved to Vetta (remember you get 30+ times more from that) then it is possible.  Also you get Getty sales, for some people those equal Istock sales, for me it's about 33% of Istock sales. 

From my own numbers I would guess that dropping exclusivity would result in at least 90% reduction in earnings and I don't have a lot of Vetta files, people with a good amount of Vetta files would drop much further.  I don't think I'm being dismissive at all, I'm looking at all of the data available and making an educated guess that you don't agree with.
« Last Edit: August 12, 2013, 10:27 by tickstock »


« Reply #626 on: August 12, 2013, 11:00 »
+2
I make 0% of my income at IS, so I'm going with mathematically impossible.  ;D

« Reply #627 on: August 12, 2013, 11:02 »
0
I make 0% of my income at IS, so I'm going with mathematically impossible.  ;D
Can't argue with that.

« Reply #628 on: August 12, 2013, 11:07 »
0
I make 0% of my income at IS, so I'm going with mathematically impossible.  ;D
Can't argue with that.

In all seriousness, 30% I would think would be the point you should start looking at it. Anything below that seems like an unsafe bet.

« Reply #629 on: August 12, 2013, 11:16 »
0
I make 0% of my income at IS, so I'm going with mathematically impossible.  ;D
Can't argue with that.

In all seriousness, 30% I would think would be the point you should start looking at it. Anything below that seems like an unsafe bet.
Right now I'd say 20% is pretty much a guarantee and 10% isn't crazy (and for embermike, 5% is possible).  Minimally pricing differences are around 4x and royalty rates are 2x so without considering search position, moving up a level from higher RCs, higher PP earnings, Vetta, S+, or Getty you would be making 8x more per sale.  It's probably different for illustrators, I don't really have much of an idea what's going on there these days.
« Last Edit: August 12, 2013, 11:18 by tickstock »

« Reply #630 on: August 12, 2013, 11:27 »
+2
I make 0% of my income at IS, so I'm going with mathematically impossible.  ;D
Can't argue with that.

In all seriousness, 30% I would think would be the point you should start looking at it. Anything below that seems like an unsafe bet.
Right now I'd say 20% is pretty much a guarantee and 10% isn't crazy (and for embermike, 5% is possible).  Minimally pricing differences are around 4x and royalty rates are 2x so without considering search position, moving up a level from higher RCs, higher PP earnings, Vetta, S+, or Getty you would be making 8x more per sale.  It's probably different for illustrators, I don't really have much of an idea what's going on there these days.

8 times your current? That's a fantasy land.

« Reply #631 on: August 12, 2013, 11:38 »
0
I make 0% of my income at IS, so I'm going with mathematically impossible.  ;D
Can't argue with that.

In all seriousness, 30% I would think would be the point you should start looking at it. Anything below that seems like an unsafe bet.
Right now I'd say 20% is pretty much a guarantee and 10% isn't crazy (and for embermike, 5% is possible).  Minimally pricing differences are around 4x and royalty rates are 2x so without considering search position, moving up a level from higher RCs, higher PP earnings, Vetta, S+, or Getty you would be making 8x more per sale.  It's probably different for illustrators, I don't really have much of an idea what's going on there these days.

8 times your current? That's a fantasy land.
8x current RPD, right now.  I don't think that's really in dispute, is it?  All nonexclusive images are 1-7 credits, S pricing(which all new exclusive content goes into and most every old file with a sale) is at 5-28 credits so about 4x.  Royalty rates are about 2x for exclusives over nonexclusives.  2x and 4x is 8x.  That assumes none of your files are moved to S+ or Vetta in which case the price goes to about 8x and 23x respectively, with RPD increases of 16x and 30x. 
« Last Edit: August 12, 2013, 11:42 by tickstock »

ShadySue

  • There is a crack in everything
« Reply #632 on: August 12, 2013, 11:59 »
0
It would depend totally whether the files have any indie rivals, which buyers can see at a glance is cheaper. Conversely, it isn't obvious in a search (and of course, iStock did it deliberately, just to piss off buyers) which exclusive files are available at main price. Although they lied that the collections change was to make things more transparent to to the buyers, before the change the price symbol was visible on a search.

Certainly don't consider search position. In my regular checks, which are of small search results (so that they're all on one page) there seem to be a few exclusive at the top, then a big swathe of indies in the middle, then exclusives with 1-10 downloads at the bottom. Only a few very old 'oddities' disturb that pattern. However, I can't be bothered analysing huge searches like 'sexy businesswoman', which could well have a different pattern.

« Reply #633 on: August 12, 2013, 12:12 »
-1
It would depend totally whether the files have any indie rivals, which buyers can see at a glance is cheaper. Conversely, it isn't obvious in a search (and of course, iStock did it deliberately, just to piss off buyers) which exclusive files are available at main price. Although they lied that the collections change was to make things more transparent to to the buyers, before the change the price symbol was visible on a search.

Certainly don't consider search position. In my regular checks, which are of small search results (so that they're all on one page) there seem to be a few exclusive at the top, then a big swathe of indies in the middle, then exclusives with 1-10 downloads at the bottom. Only a few very old 'oddities' disturb that pattern. However, I can't be bothered analysing huge searches like 'sexy businesswoman', which could well have a different pattern.
I don't know about that at all, most all the searches I do have way more exclusive files in the first 200 than nonexclusive files, like 90% on a lot of searches.  92% of the first 200 for 'new york city', 95% for 'businesswoman'.   Is it honestly your belief that if you gave up exclusivity your files would get better best match treatment?  I don't believe that for one second.

EmberMike

« Reply #634 on: August 12, 2013, 12:15 »
0
These are your exact words "I know that if my istock income is 5% of my total monthly microstock income, there is no mathematical way possible that going exclusive would make up the missing 95%."

It is mathematically possible, that's all I said.  If a large portion of your files gets moved to Vetta (remember you get 30+ times more from that) then it is possible.  Also you get Getty sales, for some people those equal Istock sales, for me it's about 33% of Istock sales. 

From my own numbers I would guess that dropping exclusivity would result in at least 90% reduction in earnings and I don't have a lot of Vetta files, people with a good amount of Vetta files would drop much further.  I don't think I'm being dismissive at all, I'm looking at all of the data available and making an educated guess that you don't agree with.

Ok, I stand corrected. Mathematically it is possible.

Realistically, it's not. To my knowledge, no one has ever gone exclusive and reported the kind of bump in earnings you think it possible. But I'd be happy to hear about anyone you know of who did achieve such a result.

Like you, I'm looking at all of the data available and making an educated guess. I don't see any data to suggest that a boost in sales of 20x previous non-exclusive earnings is at all a likely outcome for anyone, regardless of whether it's mathematically possible or not.

« Reply #635 on: August 12, 2013, 12:18 »
+1
8x current RPD, right now.  I don't think that's really in dispute, is it?  All nonexclusive images are 1-7 credits, S pricing(which all new exclusive content goes into and most every old file with a sale) is at 5-28 credits so about 4x.  Royalty rates are about 2x for exclusives over nonexclusives.  2x and 4x is 8x.  That assumes none of your files are moved to S+ or Vetta in which case the price goes to about 8x and 23x respectively, with RPD increases of 16x and 30x.

Sorry. I thought you meant 8 times income not RPD.

ShadySue

  • There is a crack in everything
« Reply #636 on: August 12, 2013, 12:28 »
+1
This is a tiny search (as of this morning) but the same now, on a low-supply, low demand search term ("Eurasian Siskin"). It's the smallest of my regular tests that I upload 'markers' for:

Other bigger search results (still under 200) show a similar distribution.
I can't work out at all what is factoring into this long-lasting best match, other than exclusive files with ten or fewer files are punished severely. Eleven gets them into that >10 category which is favoured.

Your search could possibly yield the same results overall. 95% of the first 200 being exclusive on an enormous search like businesswoman could just be a 'small tip'.

I didn't say that I'd definitely have better placement being indie. I do say that Lobo's 'shouted' "Always. Period" is still a hollow promise, but what else is new?

« Reply #637 on: August 12, 2013, 12:40 »
0
I've never heard of anyone reporting an 800% or 1000% increase in earnings upon going exclusive. 150-300%, maybe 4 times if your style is really suited for istock and they choose a lot of vettas AND they sell...

 And lately all you here is people losing money, even from those who contribute over 1900 new filesin 12months...

The price of your files will increase if you go exclusive, but the volume of sales will drop and on Vettas your royalty will be lower than on the S+ files.

I am sure the earnings poll on the right is correct, but you cannot use it to imply that anyones portfolio will see a 1000% increase in earnings upon going exclusive.

If this was happening we would all know about it. The istock community might be scared to post on the istock forums, but they are all extremly well connected, especially those who do it full time.

Yuri_Arcurs

  • One Crazy PhotoManic MadPerson
« Reply #638 on: August 12, 2013, 12:42 »
0
Good post with thought behind it Leo... so different than the non stop micro background buzz.

Who can blame Jacob for parking his images where he feels they will hold their value best. He worked hard and non stop to build his brand. It is pretty clear that the sites have no interest in protecting the value of our assets. In their race for market share, they are perfectly willing to drive the value of our hard work down to quickly fill their pockets. They do not want to wait the 20 or 50 years that companies did in the past to build net worth.  They are perfectly willing to take it out of our own hides in the short term.

I think people are so quick to find fault with Yuri that they take his comment's out of context. For instance I suspect that this comment was NOT an insult to other microstockers but a reference to his own decisions over the last few years. "and desperately trying to hold on to ones own wrong ones"

The marketing hype does get old and is offensive considering the state of the market. In any case I am finding the non stop snooping into other peoples ports and business counter productive. Minding everyone else's business has become a trend here and on other micro sites. The fork in the road is getting closer and we should be taking Leo's and Jacob's lead of focusing on our backup plan; what ever we individually decide that should be.

Nicely said.

Yuri_Arcurs

  • One Crazy PhotoManic MadPerson
« Reply #639 on: August 12, 2013, 12:46 »
0
c'mon guys, Yuri's press release if of course a funny PR stunt but i've seen a lot worse in other industries.

i don't have the feeling Yuri reached the point where he's believing his own sh-it, he's just having a laugh on micro agencies and SS in particular, guess he still has a chip on the shoulder with them ?

you're all angry because Yuri was the living proof it was possible to make a living with microstock alone and now you're shocked and despaired to be told by the king himself that you better go back to macro agencies as micro is financially unsustainable as it is today.

so you feel betrayed and rejected by the guy you idolized for so long but seriously i can't see any mind control tricks in his statements, just common marketing BS you can read in any other press release, i think he was just in a happy mood drinking a couple beers and wanting to have fun on you guys.
He's having a laugh and you're having a laugh but it doesn't make me angry, I find it funny.  Yuri is a factory, has nothing at all in common with the cheap way the vast majority of microstockers work.  It looks like he's been paid off by Getty, good for him.  I'll carry on doing what I want to do and not taking advice from people that know nothing about working with very low expenses.  I don't want to be the owner of a big business or have to work only with Getty.  I'm quite happy as a sole trader.  There's problems with microstock but there's also problems with the traditional sites and we all have to deal with them in our own way. 

It's a shame we can't all get together and work on the real problem, sites that are making huge profits while reducing the commission they pay us.  They always seem to get the last laugh.  Imagine how funny they find these threads with stock contributors bickering when it takes the attention away from what they're doing.

In the state of things, no chance. Work together? A union you mean? I really put thought into that, but decided to abandon it primarily because of the people that would be "in the union". Not a chance that would have worked.

Yuri_Arcurs

  • One Crazy PhotoManic MadPerson
« Reply #640 on: August 12, 2013, 12:49 »
-1
Yuri got outcompeted, so he blamed it on the business model and escaped into a special deal. The macro agencies basically did / doing the same thing, didn't help them either.

HAHAHA. At 350% above my next competitor I hardly think that is the case. :)

« Reply #641 on: August 12, 2013, 12:50 »
0
I've never heard of anyone reporting an 800% or 1000% increase in earnings upon going exclusive. 150-300%, maybe 4 times if your style is really suited for istock and they choose a lot of vettas AND they sell...

 And lately all you here is people losing money, even from those who contribute over 1900 new filesin 12months...

The price of your files will increase if you go exclusive, but the volume of sales will drop and on Vettas your royalty will be lower than on the S+ files.

I am sure the earnings poll on the right is correct, but you cannot use it to imply that anyones portfolio will see a 1000% increase in earnings upon going exclusive.

If this was happening we would all know about it. The istock community might be scared to post on the istock forums, but they are all extremly well connected, especially those who do it full time.
Just a few numbers from my own sales,  50% of my last 100 sales were S+ and Vetta, and 40% were S so that makes my RPD around 13x what it would have been if I was nonexclusive getting those same sales.
If "all you hear is people losing money" then I think you aren't listening.  The earnings thread where you talk about the person uploading 1900 files and losing money has a black diamond and other diamonds saying they are up year on year, more than just a couple too.  I also think most people there are reporting just on Istock numbers and not accounting for Getty Images sales, after all those haven't come in yet.  My Istock sales are lower but most months GI sales have balanced that out or increased it.


Yuri_Arcurs

  • One Crazy PhotoManic MadPerson
« Reply #642 on: August 12, 2013, 12:52 »
0
I can't help but think that with Yuri's background in psychology, he's playing a game with us here.  This forum has an anti Getty/istock bias and Yuri going exclusive was never going to make him more popular.  Then he invests in a site that could potentially damage microstock.  So now he can play games, as he's no longer the independent microstockers hero.  I find it hard to believe he wouldn't of been aware of the reaction he would get to his statement and some of his recent posts here.

With all due respect I would not consider BA in psychology in some Danish school a <<psychology background>>
Utterly disrespectful.

I agree here. Many things can be said about me, but that the line of psychology at Aarhus University is "second grade" is very untrue. To enter, you have to be in the top 2% (top 1% for most districts). Some respect is deserved here :)

Yuri_Arcurs

  • One Crazy PhotoManic MadPerson
« Reply #643 on: August 12, 2013, 12:54 »
+1
... he got the foot in the door with IS at the right time and at the right place, found his own "gold mine" and executed his business plan better than all the other players...

Did he? Really? I think that's a highly debatable point.

I'd argue that other people are far more successful than Yuri, people who are making good money without all of the overhead he has. Honestly I cant imagine how he makes any money when he has 100 employees to pay and his whole business brings in less than $10 million. Sounds like a lot of money but it doesn't go far when you've got so many mouths to feed.

ironically for photographers, your limit is not seeing the whole picture ...

Could say the same for you, ignoring the big part of the picture where Yuri not only has a ton of money coming in but also has a ton going out the door also.

We will just have to wait and see who wins as the most expansive company in Denmark next year wont we. :)

EmberMike

« Reply #644 on: August 12, 2013, 12:56 »
+3
We will just have to wait and see who wins as the most expansive company in Denmark next year wont we. :)

Microstock is still a global industry, no? And success in it isn't limited to people with large companies. In fact, I don't see how your company's status in Denmark has anything to do with how well you're doing relative to other successful microstock folks.

« Reply #645 on: August 12, 2013, 13:10 »
+2
tickstock, as you know, I used to work closely with many people in the istock community. And if you want to see monthly sales threads that give a very positive impression of success and overall well being of the company, why don't you go back two or three years and look at the threads there. The sales threads happening now are unbelievably depressing.And the reports from the network grid are even worse and the majority of community interaction is no longer taking place on the istock forums. You don't seem to be using them yourself...

istock is a shadow of what it used to be, wether it is growth, money, trust, business vision etc...

Which is a great shame, they made it really easy for SS and other competitors.

Maybe Yuri can help them, but it doesn't sound like he is going to work with them in any business development position.

But he is very intelligent, so maybe they can pick his brain for fresh ideas in their struggle to stop the loss of market share and good people giving up exclusivity.

There is a lot istock can do to move away from the icebergs. But so far the changes this year don't look very promising. Unfortunately. I really would prefer to see them turn things round. I believe that balance in the market is best for the contributors, irrespective wether you are exclusive or indie.
« Last Edit: August 12, 2013, 13:16 by cobalt »

Ron

« Reply #646 on: August 12, 2013, 13:24 »
+3
Yuri got outcompeted, so he blamed it on the business model and escaped into a special deal. The macro agencies basically did / doing the same thing, didn't help them either.

HAHAHA. At 350% above my next competitor I hardly think that is the case. :)
Are you sure its 350%? Calculating isnt your strong point  ;)

« Reply #647 on: August 12, 2013, 13:25 »
+2
The sales threads happening now are unbelievably depressing.And the reports from the network grid are even worse and the majority of community interaction is no longer taking place on the istock forums. You don't seem to be using them yourself...

I assume they weren't offering us vector peeps 20% again because everything was peachy either.

« Reply #648 on: August 12, 2013, 13:27 »
+1
tickstock, as you know, I used to work closely with many people in the istock community. And if you want to see monthly sales threads that give a very positive impression of success and overall well being of the company, why don't you go back two or three years and look at the threads there. The sales threads happening now are unbelievably depressing.And the reports from the network grid are even worse and the majority of community interaction is no longer taking place on the istock forums. You don't seem to be using them yourself...
Don't get me wrong, I know there are a lot of people doing worse than they used to be.  The question is still whether or not it's better to be exclusive or not.  Comparing a few years ago to now isn't really that useful, we can't go back there (for me it's better now, so that's ok).  Just saying Istock is much worse than it was doesn't mean that anything and everything else out there is better. 

« Reply #649 on: August 12, 2013, 13:37 »
+5
Well, old threads show you a time when the company was doing well and the threads reflected that. So I guess it is normal to use them as an indicator. Threads, forums, community network. What else do contributors have?

The most important is the future obviously. And the tea leaves I read tell me istock is going down and in the 3 months since being indie all that I see happening at istock makes me grateful I made the jump. I probably should have left much earlier, but like many I waited and waited and waited..but it just kept getting worse and worse.

If you feel comfortable with istock and your income is growing or remaining the same, good for you. But even you said, you are currently not uploading, so you must be worried about something.

Anyway, if you and Yuri feel being exclusive is the best way to make money out of your files - good for you.

But your positive sentiments don't seem to be shared with a very, very large number of istock exclusives and indies.


 

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