pancakes

MicrostockGroup Sponsors


Author Topic: BME! NOT!!  (Read 12895 times)

0 Members and 1 Guest are viewing this topic.

« on: April 01, 2011, 11:56 »
0
It's my impression, from reading the monthly stats threads, that a lot of the BME's are Bronzes or below (what is that canister called, Ghost?). And more and more, the WME's are Diamonds. If this is true (and I realize that it's all anecdotal), it confirms what I've been thinking about a statement Kelly made about how the payouts to contributors keep increasing. He seemed to use that statement to justify that the RC targets were fair and that everybody was happy. But what he fails to understand, apparently, is that a statistic like that is cold comfort to the individual contributor whose income keeps dropping. It's just like when he said that we'd make 50% of our sales in the last quarter of the year. Again, that may be true for the company overall, but it doesn't take a math whiz to understand that it's not necessarily true for the individual.

You know what I'm saying? So do you think that the growth of the company is due to a lot of newbies, but at the expense of those of us near the top?


« Reply #1 on: April 01, 2011, 12:10 »
0
It's my impression, from reading the monthly stats threads, that a lot of the BME's are Bronzes or below (what is that canister called, Ghost?). And more and more, the WME's are Diamonds. If this is true (and I realize that it's all anecdotal), it confirms what I've been thinking about a statement Kelly made about how the payouts to contributors keep increasing. He seemed to use that statement to justify that the RC targets were fair and that everybody was happy. But what he fails to understand, apparently, is that a statistic like that is cold comfort to the individual contributor whose income keeps dropping. It's just like when he said that we'd make 50% of our sales in the last quarter of the year. Again, that may be true for the company overall, but it doesn't take a math whiz to understand that it's not necessarily true for the individual.

You know what I'm saying? So do you think that the growth of the company is due to a lot of newbies, but at the expense of those of us near the top?

That's what I think. It makes sense, from their perspective. Sure not from the upper canister level contributor's. It falls right in line with some other people here on this forum's opinion that it's a pump and dump.

jen

« Reply #2 on: April 01, 2011, 12:22 »
0
It's my impression, from reading the monthly stats threads, that a lot of the BME's are Bronzes or below (what is that canister called, Ghost?). And more and more, the WME's are Diamonds. If this is true (and I realize that it's all anecdotal), it confirms what I've been thinking about a statement Kelly made about how the payouts to contributors keep increasing. He seemed to use that statement to justify that the RC targets were fair and that everybody was happy. But what he fails to understand, apparently, is that a statistic like that is cold comfort to the individual contributor whose income keeps dropping. It's just like when he said that we'd make 50% of our sales in the last quarter of the year. Again, that may be true for the company overall, but it doesn't take a math whiz to understand that it's not necessarily true for the individual.

You know what I'm saying? So do you think that the growth of the company is due to a lot of newbies, but at the expense of those of us near the top?
There are a lot of ways to interpret that.  I think it's pretty normal to have BMEs when you're just starting out.  Almost every month for me is a BME because I don't have a lot of stats from the past to compare it to and I'm growing my portfolio.  I wouldn't be surprised if some of the WME diamond contributors have developed their portfolios slowly over many years.   These are the people being screwed by the new RC system while many of the newbies are benefiting.

But of course the comment "we're paying out more money to contributors each week" doesn't mean anything without the context of how much the contributor base is growing.  If payouts increase by 10% but the contributor base increases by 15% then yeah, they're paying more money but it's a smaller piece of the pie for everyone.

PaulieWalnuts

  • We Have Exciting News For You
« Reply #3 on: April 01, 2011, 12:32 »
0
It's my impression, from reading the monthly stats threads, that a lot of the BME's are Bronzes or below (what is that canister called, Ghost?). And more and more, the WME's are Diamonds. If this is true (and I realize that it's all anecdotal), it confirms what I've been thinking about a statement Kelly made about how the payouts to contributors keep increasing. He seemed to use that statement to justify that the RC targets were fair and that everybody was happy. But what he fails to understand, apparently, is that a statistic like that is cold comfort to the individual contributor whose income keeps dropping. It's just like when he said that we'd make 50% of our sales in the last quarter of the year. Again, that may be true for the company overall, but it doesn't take a math whiz to understand that it's not necessarily true for the individual.

You know what I'm saying? So do you think that the growth of the company is due to a lot of newbies, but at the expense of those of us near the top?

The way the Redeemed Credit system is set up now it would seem to make sense that IS would want to recruit/keep contributors who are producing highly sellable images but not a huge volume or with a huge portfolio. This way IS gets fresh sellable images while still paying at the low end of the commission percentage. When those same contributors start moving up commission levels in the Redeemed Credit system it would seem to make sense to give them less benefits and give more incentives again to the lower tier people because they pay less commission and therefore make more profit per download.

In other words, the ideal scenario for IS would be to have tens of thousands of contributors with small portfolios that have highly sellable images. If large volume/portfolio contributors are seeing drops this is one possible reason why. Profit margins.

traveler1116

« Reply #4 on: April 01, 2011, 12:34 »
0
Overall it looks like the golds and diamonds did ok with many of them having BMEs.

« Reply #5 on: April 01, 2011, 12:50 »
0
I do not think that they are gaming the best match to demote files from diamonds. I'm sure it would be easy to do but it would also be counter-productive if it tended to keep the best material away from buyers.

After a certain point you really can't expect growth every month. You only add maybe a couple of percent to your portfolio per month while newbies grow their percentages enormously. Your older files find they are competing against better, newer material so they effectively drop out of consideration. There are many reasons why it is hard to keep BME's rolling.

« Reply #6 on: April 01, 2011, 12:57 »
0
After a certain point you really can't expect growth every month. You only add maybe a couple of percent to your portfolio per month while newbies grow their percentages enormously. Your older files find they are competing against better, newer material so they effectively drop out of consideration. There are many reasons why it is hard to keep BME's rolling.
True, but it's doubly hard when your royalty percentages have been cut. :(

« Reply #7 on: April 01, 2011, 13:10 »
0
Overall it looks like the golds and diamonds did ok with many of them having BMEs.

not this diamond.

« Reply #8 on: April 01, 2011, 13:13 »
0
75 dls and $99.83 for me. Looking forward to my PP sales, as they make all the difference these days!

As I've said elsewhere, I would not be at all surprised if they were able to tweak best match to ding individual contributors. Would *not* put it past them to do so. While I completely expected my dls to continue going down after going independent, the more I learn of what goes on behind the curtain, the more disgusted and suspect I am about what else goes on behind the curtain.

Sigh.

ETA: Have you ever thought about how strange it is when you get the same number of dls per day? Always at least one? Or whatever your numbers are? Seems there should be much wider swings and variance. That also leads me to believe there's something funny going on with the numbers. I'm no mathematician, but the probability of getting such consistent sales on a daily, weekly, monthly basis seems kinda off to me. Right? Or am I the only one who's thinking this?
« Last Edit: April 01, 2011, 13:17 by Risamay »

PaulieWalnuts

  • We Have Exciting News For You
« Reply #9 on: April 01, 2011, 13:17 »
0
I do not think that they are gaming the best match to demote files from diamonds. I'm sure it would be easy to do but it would also be counter-productive if it tended to keep the best material away from buyers.

After a certain point you really can't expect growth every month. You only add maybe a couple of percent to your portfolio per month while newbies grow their percentages enormously. Your older files find they are competing against better, newer material so they effectively drop out of consideration. There are many reasons why it is hard to keep BME's rolling.

I'm not sure how the technology is aligned with the payment model. My point is that a company will almost always do things that result in the greatest revenue and profits for the given business model.

SK

« Reply #10 on: April 01, 2011, 13:29 »
0
I do think they are gaming the best match system to maximize their revenue. This diamond took a 39% drop in revenue from March 2011.

ShadySue

  • There is a crack in everything
« Reply #11 on: April 01, 2011, 13:41 »
0
Overall it looks like the golds and diamonds did ok with many of them having BMEs.
That's not what I'm reading on that thread.

« Reply #12 on: April 01, 2011, 13:46 »
0
75 dls and $99.83 for me. Looking forward to my PP sales, as they make all the difference these days!

60dls for 56.9$

lisafx

« Reply #13 on: April 01, 2011, 14:55 »
0

You know what I'm saying? So do you think that the growth of the company is due to a lot of newbies, but at the expense of those of us near the top?

No.  I think the claims of growth are outright lies.  I think Istock has been hemorrhaging buyers and sales for at least two quarters now.  Stealing more money from contributors to cover shrinking downloads doesn't count as growth in my book. 

I totally agree with your observations about the end-of-month threads.  I only bother to read the posts by golds and diamonds, because the sales numbers represented by the lower canisters (whether up or down) are too small paint an overall picture. 

« Reply #14 on: April 01, 2011, 15:05 »
0
Looks like IS is losing traffic according to Google Trends  :-\

lisafx

« Reply #15 on: April 01, 2011, 15:15 »
0
Overall it looks like the golds and diamonds did ok with many of them having BMEs.

not this diamond.

Nor this one.  Down roughly 19% from a year ago. 

« Reply #16 on: April 01, 2011, 15:18 »
0
Best month of the year, but down 30% from last March. Things really fell off the cliff for me at IS in December and haven't really recovered. April was my BME last year, but I don't expect to get anywhere near that this month. Judging by how it's been going, half of last April wouldn't be surprising.

« Reply #17 on: April 01, 2011, 15:22 »
0
After a certain point you really can't expect growth every month. You only add maybe a couple of percent to your portfolio per month while newbies grow their percentages enormously. Your older files find they are competing against better, newer material so they effectively drop out of consideration. There are many reasons why it is hard to keep BME's rolling.
True, but it's doubly hard when your royalty percentages have been cut. :(
I know the feeling. But I may not feel it as much as you, since I have two dials here, not just one.

« Reply #18 on: April 01, 2011, 16:04 »
0
I'm diamond and much to my surprise I had a BME at IS this month, about 20% more than any other month.

lisafx

« Reply #19 on: April 01, 2011, 16:07 »
0
I'm diamond and much to my surprise I had a BME at IS this month, about 20% more than any other month.

Congrats!  I am jealous!  :)

ShadySue

  • There is a crack in everything
« Reply #20 on: April 01, 2011, 17:27 »
0
Down 33% compared to March 2010; c8% on Feb 11, which is worse than it seems as March is 3 days longer. The reduction in the EL commission is biting.  >:( (Unlike some others, I'm actually on the same %age level as last year, just won't 'go up' in a few weeks; and I lost relatively very little in the clawback, so neither of these are factors)
c200 new files this year so far, 37in queue, c10% of my port, so hopefully they will help for April and onwards. April has begun with a whimper.
« Last Edit: April 01, 2011, 19:23 by ShadySue »

« Reply #21 on: April 01, 2011, 18:53 »
0
ETA: Have you ever thought about how strange it is when you get the same number of dls per day? Always at least one? Or whatever your numbers are? Seems there should be much wider swings and variance. That also leads me to believe there's something funny going on with the numbers. I'm no mathematician, but the probability of getting such consistent sales on a daily, weekly, monthly basis seems kinda off to me. Right? Or am I the only one who's thinking this?

Very often, I always felt that my earnings we're way too consistant - now and again earnings could fall into the pit because of site issuse but would never rise beyond a certain point. I complained to my partially interested wife a lot.

traveler1116

« Reply #22 on: April 01, 2011, 22:32 »
0
Overall it looks like the golds and diamonds did ok with many of them having BMEs.
That's not what I'm reading on that thread.
Just a quick look for me shows that these diamonds had BME: nicolesy, Alina555,  Studioxil (not sure BME but seems to imply it), LeggNet, ilbusca, RichVintage,
diamond saying very good: anouchka, sjlocke (I guess up 10% from last march is good), Talaj, adamkaz, Zemdega, nullplus (not very good but up from last march), inhauscreative
golds saying bme or very good month: dan_prat, AYImages, whitemay, ManuelVelasco, wdstock, MichaelUtech, Gannet77, antb, holgs, traveler1116

Looks split between very good months and very bad months with a few in the middle.  I'm guessing the ones that had the WMEs lost a lot from a % drop this year.
« Last Edit: April 01, 2011, 22:35 by traveler1116 »

« Reply #23 on: April 01, 2011, 23:22 »
0
Overall it looks like the golds and diamonds did ok with many of them having BMEs.
That's not what I'm reading on that thread.
Just a quick look for me shows that these diamonds had BME: nicolesy, Alina555,  Studioxil (not sure BME but seems to imply it), LeggNet, ilbusca, RichVintage,
diamond saying very good: anouchka, sjlocke (I guess up 10% from last march is good), Talaj, adamkaz, Zemdega, nullplus (not very good but up from last march), inhauscreative
golds saying bme or very good month: dan_prat, AYImages, whitemay, ManuelVelasco, wdstock, MichaelUtech, Gannet77, antb, holgs, traveler1116

Looks split between very good months and very bad months with a few in the middle.  I'm guessing the ones that had the WMEs lost a lot from a % drop this year.

Congratulations on hitting gold by the way - am I right in thinking that happened this month?

traveler1116

« Reply #24 on: April 01, 2011, 23:32 »
0
^Yep my paycut just went into effect ;).


 

Sponsors

Mega Bundle of 5,900+ Professional Lightroom Presets

Microstock Poll Results

Sponsors