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Author Topic: SS - Important notice about contributor payouts  (Read 25357 times)

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« Reply #75 on: January 25, 2016, 06:50 »
+1
Hi

The figures I see on SS for Enhanced licences currently are (UK), and contributor cut are...

EL
2 Pack 119   (20%=23.80, 25%=29.75, 30%=35.70)
5 Pack 269  (20%=53.80, 25%=67.20, 30%=80.70)
25 Pack 1019  (20%=203.8, 25%=254.75, 30%=305.70)
I don't know how this works (never checked) in terms of pack numbers, if I have one image in a '2 pack' sale, do I get half of 119?

I don't know if those EL costs are before or after any change though, and then there's the exchange rate...

? You seem to be calculating what the percentages are of the total paid for an image pack. You need to divide the figures by the number of images in the pack for each EL sale.

So for 25 pack from your figures at 20% you will be getting (1019/25)*.2=8.15 per EL


« Reply #76 on: January 25, 2016, 07:29 »
0
Hi

The figures I see on SS for Enhanced licences currently are (UK), and contributor cut are...

EL
2 Pack 119   (20%=23.80, 25%=29.75, 30%=35.70)
5 Pack 269  (20%=53.80, 25%=67.20, 30%=80.70)
25 Pack 1019  (20%=203.8, 25%=254.75, 30%=305.70)
I don't know how this works (never checked) in terms of pack numbers, if I have one image in a '2 pack' sale, do I get half of 119?

I don't know if those EL costs are before or after any change though, and then there's the exchange rate...

? You seem to be calculating what the percentages are of the total paid for an image pack. You need to divide the figures by the number of images in the pack for each EL sale.

So for 25 pack from your figures at 20% you will be getting (1019/25)*.2=8.15 per EL

Hi

Yes I thought that might be the case, how did it work before, we got $28 for each image in an EL pack?

« Reply #77 on: January 25, 2016, 08:40 »
0
We got a flat 28 dollars for any EL sale

« Reply #78 on: January 25, 2016, 10:30 »
+1
So is this right, 30%?  On left are the prices I see in Canada.

2 = $199 U.S.      30% x 100 = $30
5 = $$449 U.S.    30% x 89.8 = $26.94
25 = $1699 U.S.  30% x 67.96 = $20.39

Uhm.... I always wondered why they force customers into buying more than one.

« Reply #79 on: January 25, 2016, 10:48 »
+2
"Jon Oringer
January 11 at 10:27am New York, NY

Financial incentives only work well for mechanical non-cognitive tasks....?"

Yeah, well, it's hardly news: we're Artistes: "money isn't what makes us happy".
 ::)
C'mon SS, you want to diss contributors? At least think up your own shtick, don't plagiarise.
(As some people apparently haven't realised, I'll labour the point that the above was the infamous quote from KKT, justifying Getty's hammering of iS contributors.)

Exactly

It does indicate the mindset we are dealing with, they feel free and entitled to take full advantage

« Reply #80 on: January 25, 2016, 11:29 »
+2
Well it increases the number of downloads a person makes. They may feel that getting 3 files at cheaper makes more sense and hence will download files that they might have otherwise avoided

« Reply #81 on: January 25, 2016, 12:13 »
0
from pixart:
2 = $199 U.S.      30% x 100 = $30
5 = $$449 U.S.    30% x 89.8 = $26.94
25 = $1699 U.S.  30% x 67.96 = $20.39

if we knew what packages were bought we could calculate the impact for us and SS

considering the above:
2 ELs pay increase of 7%
5 ELs pay decrease of 3.8%
25 ELs pay decrease of 27.2%

sigh, lets hope they sold 2 EL pacakges the most, but considering they want to increase their profit, i am afraid we will see a lot of 20 dollar ELs now...

« Reply #82 on: January 25, 2016, 12:19 »
+4
   It is the second cut that SS made, the first was about refferals income.

« Reply #83 on: January 25, 2016, 12:52 »
+6
theres been more cuts,  they also cut the sods pricing and they increased sub pricing without sharing the profits and they increased standard licence print run

« Reply #84 on: January 25, 2016, 13:54 »
+2
I have had 2 EL today, each $28 so no change yet. I am 30% tier.

Hongover

« Reply #85 on: January 25, 2016, 14:29 »
+2
It looks like SS has updated their earnings schedule.

http://submit.shutterstock.com/payouts

$0.38 - 30% of EL
$0.36 - 28% of EL
$0.33 - 25% of EL
$0.25 - 20% of EL

And it also looks like they dropped the price of EL to $89 from $99 for standard rates (or maybe it's been like this for a while), which means we'll see a small decrease. It's the newbies who will see the biggest decrease for EL. The new payout will probably be something like this:

$0.38 - $26.70 per EL
$0.36 - $24.92 per EL
$0.33 - $22.25 per EL
$0.25 - $17.80 per EL


« Reply #86 on: January 25, 2016, 14:35 »
+6
its a disgrace

Hongover

« Reply #87 on: January 25, 2016, 14:45 »
0
its a disgrace

It's one way to boost their profits. They allow more newbies in so they can take from the newbies. Without the price drop from $99 to $89, vets would have seen $29.7. Who knows, maybe the lower EL price will mean more EL downloads in the long run, which could even things out.

It's not a big concern for me since I rarely see EL downloads...a total of 5 since I started uploading early last year.

« Reply #88 on: January 25, 2016, 15:07 »
0
And it also looks like they dropped the price of EL to $89 from $99 for standard rates (or maybe it's been like this for a while)

I'm US based and I can still see the "old" rates (see attached). Can you mention your location?

I have had 2 EL today, each $28 so no change yet. I am 30% tier.

As you can see below these prices, ELs can be downloaded "within 1 year of purchase". Maybe your ELs are part of an already paid pack, only partially downloaded, and the old rate still applies. If this is the case, we might see some residual $28 ELs, for a while.
« Last Edit: January 25, 2016, 15:37 by Zero Talent »

« Reply #89 on: January 25, 2016, 15:43 »
+1
And it also looks like they dropped the price of EL to $89 from $99 for standard rates (or maybe it's been like this for a while)

I'm US based and I can still see the "old" rates (see attached). Can you mention your location?

I'm on the West Coast of the US and I still see the 2-99/5-449/25-1,699 pricing. Sometimes these things take time to move around to all the servers, but other than Canada, where are there $ that are close to the US numbers?

The only other thing I noticed was that in the new chart for payouts, they have removed wording that used to be there saying we might get more than the "up to" number if the price was higher:

"Percentage is based on sale price received. Amount earned may be more if sale price received is more."

« Reply #90 on: January 25, 2016, 15:52 »
+3
Why do "vets" consider they should get more than "newbies" anyway.........? Just curious don't want to start a war

« Reply #91 on: January 25, 2016, 15:56 »
+3
no one said or insinuated that


« Reply #92 on: January 25, 2016, 16:00 »
+1
no one said or insinuated that
Well Shutterstock and other sites seem to think so?

« Reply #93 on: January 25, 2016, 16:03 »
+5
Why do "vets" consider they should get more than "newbies" anyway.........? Just curious don't want to start a war

Maybe because 'vets' are the ones who made their company successful ?

Hongover

« Reply #94 on: January 25, 2016, 16:05 »
0
And it also looks like they dropped the price of EL to $89 from $99 for standard rates (or maybe it's been like this for a while)

I'm US based and I can still see the "old" rates (see attached). Can you mention your location?

I'm on the West Coast of the US and I still see the 2-99/5-449/25-1,699 pricing. Sometimes these things take time to move around to all the servers, but other than Canada, where are there $ that are close to the US numbers?

The only other thing I noticed was that in the new chart for payouts, they have removed wording that used to be there saying we might get more than the "up to" number if the price was higher:

"Percentage is based on sale price received. Amount earned may be more if sale price received is more."

Huh, maybe they haven't changed at all then. My company have a subscription license, and when you download an image, you have the option to buy an EL for $89. It seems like a discount for sub downloaders. In that case, this is an upgrade for veterans. Let me revise the numbers then.

$0.38 - $29.70 per EL
$0.36 - $27.72 per EL
$0.33 - $24.75 per EL
$0.25 - $18.80 per EL

So this means it's raise for veterans and a cut for newbies which I originally theorized. Vets get $1.70 more per EL with with standard 2-pack EL pricing  based on those numbers and the lowest tier get a paycut of nearly $9. Good news for some, bad news for others.

I'd like to add that the raise is only for 2-image EL pack ($199), but it'll be a lower number if they bought a 5-image or 25-image EL pack.

« Last Edit: January 25, 2016, 16:16 by Minscer »

« Reply #95 on: January 25, 2016, 16:15 »
+3
no one said or insinuated that
Well Shutterstock and other sites seem to think so?
thats not what you said,  you said vets think they should earn more,  you did not say  agencies

« Reply #96 on: January 25, 2016, 16:20 »
+5

...So this means it's raise for veterans and a cut for newbies...I'd like to add that the raise is only for 2-image EL pack ($199), but it'll be a lower number if they bought a 5-image or 25-image EL pack.

The only interesting (in a good way) thing to come out of this change is that we'll get to see who buys in quantity versus in a 2 pack. I'm guessing that a lot more people buy 5 packs, in which case it is a cut for everyone.

If they cut the price of ELs (which I have to believe they will given their hints about wanting to sell more) then it's less for everyone, but a bigger cut for newer contributors.

Rinderart

« Reply #97 on: January 25, 2016, 16:30 »
+4
"Jon Oringer
January 11 at 10:27am New York, NY

Financial incentives only work well for mechanical non-cognitive tasks....?"

Yeah, well, it's hardly news: we're Artistes: "money isn't what makes us happy".
 ::)
C'mon SS, you want to diss contributors? At least think up your own shtick, don't plagiarise.
The video is totally irrelevant to us. It is about employees being given artificial financial incentives for tasks. When you are in our business your sales are a direct indicator of how good you are at your job. We are self employed

It is relevant when it comes to the army of hobbyists ready to work for free only to see their name mentioned on a magazine or their work liked on social media. SS acknowledged their potential, constantly making efforts to bring them on board.


BINGO!!!!!!!! and a Fact.

Hongover

« Reply #98 on: January 25, 2016, 16:31 »
0

...So this means it's raise for veterans and a cut for newbies...I'd like to add that the raise is only for 2-image EL pack ($199), but it'll be a lower number if they bought a 5-image or 25-image EL pack.

The only interesting (in a good way) thing to come out of this change is that we'll get to see who buys in quantity versus in a 2 pack. I'm guessing that a lot more people buy 5 packs, in which case it is a cut for everyone.

Yes, but 5-pack buyers could very well get offset by 2-pack EL buyers.

It's +$1.70 per image for 2-pack and -$1.06 per image for 5-pack. Say we get 2 EL downloads, one from a 2-pack and one from a 5-pack, you'd still get $0.64 extra, which means that in the end, when everything averages out, veteran $0.38 contributors will barely see a difference. It'll be interesting to see the buying behavior of EL buyers.

Obviously, lower tier contributors are the biggest losers in this deal. I just need to work my way out of the $0.36 tier and join the veterans.


« Reply #99 on: January 25, 2016, 16:53 »
+2
no one said or insinuated that
Well Shutterstock and other sites seem to think so?

There's no extra money from having been around a long time, just from selling more. So some really good newcomers raced to the $10K sales mark much more quickly that old-timers like me (I'm contributor 249).

The only time being around a while got us any extra cash was when we were paid 23 cents a download on subscriptions versus 20 cents for everyone else - it was for putting up with the chaos while they introduced FTP and got all sorts of things working back in the beginning. As soon as everyone got a raise to 25 cents per subscription, that veterans "thank you" bonus went away.


 

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