Author Topic: Friday's RC target announcement and iStock's strategy behind it (Read 71956 times)

gostwyck · « **Reply #75 on:** June 03, 2011, 16:55 »

Quote from: lisafx on June 03, 2011, 13:05

The suspense is building...

Well, as I write it is about 4pm in Calgary and still no word. It must be very bad news if it has to be left this late to announce it. Assuming it happens at all of course.

Slovenian · « **Reply #76 on:** June 03, 2011, 17:07 »

I could say exclusives lives are on the line. I'm so happy for not putting all the eggs in one basket

Freedom · « **Reply #77 on:** June 03, 2011, 17:21 »

Whenever they have a controversial announcement, my DLs drop for a few days. Do you have the same experience?

jamirae · « **Reply #78 on:** June 03, 2011, 17:29 »

They will definitely come out today. Joyze said that this time they will live up to that promise.

sadly, their history doesn't exactly give me faith in this statement.

Quote

From the May 13 post by Joyze:

Redeemed Credit Targets: I know that we promised these awhile ago and we have not lived up to that promise. This time, we will. Redeemed credit targets will be announced in three weeks.

luissantos84 · « **Reply #79 on:** June 03, 2011, 17:29 »

I am wondering why have they announced a date if they weren´t prepared to it.. what a great way to run a business!

Slovenian · « **Reply #80 on:** June 03, 2011, 17:35 »

Quote from: luissantos84 on June 03, 2011, 17:29

I am wondering why have they announced a date if they weren´t prepared to it.. what a great way to run a business!

You forgot to mention that this is happening for the 3rd time in a row

nruboc · « **Reply #81 on:** June 03, 2011, 17:35 »

Quote from: Artemis on June 03, 2011, 16:46

Quote from: lisafx on June 03, 2011, 15:26
Quote from: nruboc on June 03, 2011, 14:04
I say they are staying the same

+1. This is the most face-saving compromise.
I agree, but i really dread and think they'll be going up at least for us 'couldn't-care-less-about' independents, definitely with the adding of P+...(and maybe stay the same for exclusives or come up with some other incentive for them)..
I also think they'll shamelessly wont publish them today...(maybe monday so its not within 3 weeks but aaaaalmost )

Good point, I agree with you. Will probably go up for independents and stay the same for ex

lisafx · « **Reply #82 on:** June 03, 2011, 17:35 »

They're here:

http://www.istockphoto.com/forum_messages.php?threadid=330116&page=1

Mantis · « **Reply #83 on:** June 03, 2011, 17:36 »

http://www.istockphoto.com/forum_messages.php?threadid=330116&page=1

At least for me they stayed the same....NOT!

^^^ Lisa beat me to it!!

Slovenian · « **Reply #84 on:** June 03, 2011, 17:38 »

Like I said, they're gonna raise it and screw us even further. What else could we expect?

Jo Ann Snover · « **Reply #85 on:** June 03, 2011, 17:40 »

It took them six months to decide to keep them the same??

luissantos84 · « **Reply #86 on:** June 03, 2011, 17:41 »

Quote from: jsnover on June 03, 2011, 17:40

It took them six months to decide to keep them the same??

sweet!

will them lower them a little in a few weeks?

Mantis · « **Reply #87 on:** June 03, 2011, 17:41 »

Quote from: jsnover on June 03, 2011, 17:40

It took them six months to decide to keep them the same??

Not the same for me...1,000 credit raise...as in the bar was raised. Fk me. 11,500 to 12,500.

Mantis · « **Reply #88 on:** June 03, 2011, 17:43 »

It will never stop. The sponge we call Istock has a plan...

gostwyck · « **Reply #89 on:** June 03, 2011, 17:44 »

Quote from: jsnover on June 03, 2011, 17:40

It took them six months to decide to keep them the same??

'The same' ... but with falling sales. Things just got even tougher for exclusives.

lisafx · « **Reply #90 on:** June 03, 2011, 17:45 »

Well congrats to those who speculated they would have the gall to actually raise them. The rest of us owe you a beer.

Looks like they are back up to the original targets announced last year (and later revised down) for photos, audio, and flash. Video and illustration stay the same. Considering how bad they were shafted last time, that's not much of a bone they're being thrown.

As absolutely pitiful as this year's sales are turning out to be, this is likely to be worrying news for a lot of people.

I am not halfway to the new announced RC level for my royalty %, despite being halfway through the calendar year. Last year I would have been able to get there handily with plenty of room to spare. Looks like I have a good chance of dropping a level next year.

franckreporter · « **Reply #91 on:** June 03, 2011, 17:47 »

the target are out :

gostwyck · « **Reply #92 on:** June 03, 2011, 17:47 »

Quote from: lisafx on June 03, 2011, 17:45

I am not halfway to the new announced RC level for my royalty %, despite being halfway through the calendar year. Last year I would have been able to get there handily with plenty of room to spare. Looks like I have a good chance of dropping to 18% next year.

You should be OK Lisa. There's still 7 months left to go and now you also have the benefit of P+ sales to boost your RC total.

ShadySue · « **Reply #93 on:** June 03, 2011, 17:48 »

Quote from: Mantis on June 03, 2011, 17:41

Quote from: jsnover on June 03, 2011, 17:40
It took them six months to decide to keep them the same??

Not the same for me...1,000 credit raise...as in the bar was raised. Fk me. 11,500 to 12,500.

Ah, wasn't 12,500 the original target to photographers, then they lowered it to 11,500?
Anyway, I guess I've the slightest of chances to avoid going down to 25%. I had over 12,500 last year, but this year is much worse.
I guess aeonf will be along to gloat soon.

qwerty · « **Reply #94 on:** June 03, 2011, 17:52 »

way to go istock, sales are down, put stuff on sale move customers to thinkstock and increase the targets. (As I expected and predicted)
I know it will be hard for most of you to buy me a beer, I'll accept vouchers at Dan Murphy's liquor outlets.

lisafx · « **Reply #95 on:** June 03, 2011, 17:55 »

Quote from: gostwyck on June 03, 2011, 17:47

Quote from: lisafx on June 03, 2011, 17:45
I am not halfway to the new announced RC level for my royalty %, despite being halfway through the calendar year. Last year I would have been able to get there handily with plenty of room to spare. Looks like I have a good chance of dropping to 18% next year.

You should be OK Lisa. There's still 7 months left to go and now you also have the benefit of P+ sales to boost your RC total.

Oh. You're right. I guess June 30 is halfway through the year. I am pretty far off the halfway mark though. Whether I make it or not, it will be close. And it shouldn't have to be. They are running their customers off through incompetence and mismanagement, then we contributors are paying the price. Sigh.....

gostwyck · « **Reply #96 on:** June 03, 2011, 17:57 »

I assume that they'll 'generously' lower them a bit at the end of the year if their sales projections turn out to be over-optimistic.

aeonf · « **Reply #97 on:** June 03, 2011, 17:58 »

Aeonf is here but no gloating. And why would I ? lower targets are in my best interest just like anybody elses, I don't own IS stock you know...
Sorry to hear you will proly be dropping to 25%, don't you think its worth putting in some more effort in order to keep your 30% ?
I would also consider dropping exclusivity if I where you...

For us we got to the 30% mark about 3 weeks ago, we might get to the 35% mark in December, but its a very close call.

I am willing to bet they will lower the targets again at the end of this year, just like they did last year.

Slovenian · « **Reply #98 on:** June 03, 2011, 18:01 »

Looking at all those * idiots thanking IS for raising the bar really put a smile on my face and made my day. Because I just realised I kept my brains from being washed and realized just how many stupid people there are in the world. It's like whistling and singing along when you're forced to dig your own grave

nruboc · « **Reply #99 on:** June 03, 2011, 18:01 »

They probably raised the targets to offset the deal they gave to Illustrators.

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Author Topic: Friday's RC target announcement and iStock's strategy behind it (Read 71956 times)

gostwyck

Slovenian

Freedom

jamirae

luissantos84

Slovenian

nruboc

lisafx

Mantis

Slovenian

Jo Ann Snover

luissantos84

Mantis

Mantis

gostwyck

lisafx

franckreporter

gostwyck

ShadySue

qwerty

lisafx

gostwyck

aeonf

Slovenian

nruboc

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