pancakes

MicrostockGroup Sponsors

Envato Elements

Author Topic: Pond5 membership program experience. Share you income changes after joining it.  (Read 5610 times)

0 Members and 1 Guest are viewing this topic.

« on: January 25, 2018, 07:25 »
0
Almost two years passed after membership program launch.
Yesterday i received letter from Pond5 that ~2000 of my files was chosen for this program.

Selected files:
- Is over 3 years old
- Has never sold in the Marketplace
- Is priced under $100

How you sales and income changed after you joined this membership program?
I got ~10% income grow on P5 last year compared with 2016 without participating in this program.
Please share your experience.


« Reply #1 on: January 25, 2018, 14:53 »
+1
We had 10% drop in sales compared to 2016 and we weren't in the Membership program. And we were also invited this year. Hope to gain back what we lost.

« Reply #2 on: January 29, 2018, 04:24 »
+1
Hello, I also had a remarkable drop in sales with the membership program last year. This year I am invited, but I'm not very clear how they will cash me in, because the 50 cents per selected footage is not anymore the pond5 way. Do you understand how the income might grow, how we will be paid based on new membership program?

« Reply #3 on: January 29, 2018, 09:41 »
0
It will be a percentage share only so no upfront $0.50.  just % of total membership royalties earned per month split down per artist depending what % their downloads contributed.

« Reply #4 on: January 29, 2018, 10:33 »
+1
So, if your material will be bought more from membership collection, more you will earn; if you have bad luck and sell very few material you can earn nothing in some months from membership. Basically is the same system as is on pond5, but instead of gaining 50% from a bigger price, you will earn a smaller percentage from a much smaller footage price.

Is that correct?

« Reply #5 on: January 29, 2018, 12:10 »
0
Has anyone received sales data?

If you could see how often your files sell and you know that pond5 is offering them for around 4-8 dollars a clip - wouldnt you make a lot more money if you offered them yourself for 10 or 20 dollars and kept 50%?

SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #6 on: January 29, 2018, 20:45 »
0
If you could see how often your files sell and you know that pond5 is offering them for around 4-8 dollars a clip - wouldnt you make a lot more money if you offered them yourself for 10 or 20 dollars and kept 50%?

You'd make more per sale, yes... but not necessarily more overall.

« Reply #7 on: January 31, 2018, 04:06 »
0
The new membership collection with about 400 members will be launching on Feb 15th. Got list of my selected files.
Here is some answers to my questions from P5:
   
I didn't see exact information what percentage i'll earn joining your membership program. How my revenue will be calculated?
Whatever Membership revenue is gathered by Pond5 in a given pay period (from selling Memberships) is first split 50/50.  Then the remaining amount is distributed among the participating Artists based on downloads.  If you received 10% of the Membership downloads that month, for example, you'd receive 10% of that revenue pot.
   
Is there any statistics about membership program influence for contributor income after joining it?
Yes, we have been running Membership for two years now with about 200 Artists.  We have seen zero evidence of any cannibalization of the regular sales.  We've been watching very closely as we don't want to see that happen, so it should only be positive for you.
   
How many members participate in this program?
Currently about 200 video artists, raising to about 400
   
Can i opt-out at any time?
Yes, but we need 90 days notice of opt-out to remove the content
   
Can you pre-select more my clips to membership collection without notice?
No, we will always notify you.  And remember that anything in the membership is also available in the marketplace for non-members.
   
How i can see downloads and other statistics of these clips?
Right now we have not built a reporting mechanism on the site.  But any time you email our Support team (support@pond5.com) they can give you a list of your membership downloads.  Any royalties you make in the program will go straight to your preferred payment method on a monthly basis starting with the March payout.

I think i'll give it a try.
Still interested in opinions of already participating members!

« Reply #8 on: January 31, 2018, 06:04 »
0
Hi Sauletas,

I have had a few thousand in the membership scheme since the beginning.
Up to now it's been brilliant.
I agree with P5 - as far as I can tell it hasn't impacted on my regular P5 sales; membership clips sell just as well outside the membership program.
Everything is changing on 1 March so it's now new to everyone as far as how membership earnings will go.
They've just chosen a few more 1000 of mine - I'm happy about that and reckon it's better to be in than out.

Hope that helps your decision.
 

« Reply #9 on: January 31, 2018, 06:05 »
0
Hi Sauletas,

I have had a few thousand in the membership scheme since the beginning.
Up to now it's been brilliant.
I agree with P5 - as far as I can tell it hasn't impacted on my regular P5 sales; membership clips sell just as well outside the membership program.
Everything is changing on 1 March so it's now new to everyone as far as how membership earnings will go.
They've just chosen a few more 1000 of mine - I'm happy about that and reckon it's better to be in than out.

Hope that helps your decision.

How many millions of clips do you have?  ;)

« Reply #10 on: January 31, 2018, 06:42 »
0
Hi Sauletas,

I have had a few thousand in the membership scheme since the beginning.
Up to now it's been brilliant.
I agree with P5 - as far as I can tell it hasn't impacted on my regular P5 sales; membership clips sell just as well outside the membership program.
Everything is changing on 1 March so it's now new to everyone as far as how membership earnings will go.
They've just chosen a few more 1000 of mine - I'm happy about that and reckon it's better to be in than out.

Hope that helps your decision.

How many millions of clips do you have?  ;)

I do this full-time but so far haven't hit anything close to 1,000,000 clips.  8)  I'll let you know when it happens - but don't hold your breath as it won't be this century.

Microstock InsiderEnvato Elements

 

Related Topics

  Subject / Started by Replies Last post
49 Replies
8641 Views
Last post March 05, 2016, 04:12
by KnowYourOnions
29 Replies
20961 Views
Last post March 08, 2016, 05:11
by KnowYourOnions
45 Replies
19398 Views
Last post May 18, 2016, 03:10
by increasingdifficulty
61 Replies
13091 Views
Last post June 03, 2016, 03:46
by Daryl Ray
8 Replies
4840 Views
Last post May 25, 2016, 00:57
by BlackJack

Sponsors

Microstock Poll Results

Sponsors

Envato Elements