pancakes

MicrostockGroup Sponsors


Author Topic: GUESS why buyers buy at istock!!!  (Read 14692 times)

0 Members and 1 Guest are viewing this topic.

« Reply #25 on: October 22, 2010, 19:30 »
0
Hi Crazy and Lisa,

 No , I am only on Ibuprofen, the fun ones always make me cranky in the long run, and you guys don't want that ;) I am always looking into every possibility that is out there so I know where I stand in this business. If there was a chance to make the shift I might have but there isn't so that makes the decision easier.
 I still am not happy with the way they changed the standard of exclusivity in the industry but if I want to play there it is important to know the company as well as I can. I think they have a very strong hold on the Micro market and I think their future is bright for people that produce large quantities of salable images ( at least to make a strong income ). Times change in just a year and I try to change with them as much as possible.
 If I had the choice with what I see taking place in the Micro market I would go exclusive with my Micro RF mainly because I follow the money as much as possible and I think there is a strong opportunity to make good returns for another 2-3 years until the company is then sold. After new ownership it is hard to say what will happen. Just to confirm, Jonathan Klein said the company will be sold off in the next three years after they build up their inner agencies with higher returns. I think they will rely on Istock heavily to add to that growth and they know how to do that.
 I am sad for those that are losing a lot on this deal, I know I will lose a bit but I will keep uploading as a non exclusive because I believe in the companies opportunity to make money even if not an exclusive.

Cheers,
Jonathan


« Reply #26 on: October 22, 2010, 19:35 »
0
Thanks for detailed answer Jonathan. I guess it's just good business sense - go with the money while maintaining the flexibility to change if necessary.

jbarber873

« Reply #27 on: October 22, 2010, 19:51 »
0
I couldn't agree more Lee. Is it time to go exclusive while the others jump ship. Sounds like an opportunity waiting to happen for many shooters. If I went exclusive at Istock I would start at 40%. I haven't seen those kind of numbers in years. They also now pay on a motivation level of who produces the best and highest selling work with more returns. I wish I could say that is how it has been done in the past through Macro but no such offer has ben present. So if you work harder and make more return to me is a very motivating offer.

Best,
Jonathan

 That's a compelling argument if the future is the growth in quality of microstock at the expense of the casual hobbyist. To most of my clients, microstock begins and ends at Istock. They are perfectly happy to pay whatever Istock asks because it's so much cheaper than RM. The only question would be if those kind of buyers will be much of a force in the future. In the same way that assignment photography was and is being squeezed by stock, so the low cost throwaway image market is squeezing the carefully constructed document in favor of the "here today , gone tomorrow" communication model. I agree that the new Istock model in theory will reward the excellent shooter. The question is - will it be a sustainable business model? For all the effort and expense of creating these images, will the RPI continue to shrink, or will it grow again?
  As for relaunching Getty in an IPO, if that happens, it would be a great short oppourtunity!

« Reply #28 on: October 23, 2010, 11:23 »
0

Jonathan, not so long ago you were dead set against exclusivity with any agency. I'm wondering what's caused you to re-evaluate that position.


He mentioned in another thread he is recovering from a soccer injury.  Maybe he is on some very nice drugs for the pain ;D

(Just kidding in good fun Jonathan - not taking a shot BTW. )


Would it have anything to do with your cultura collection on inmagine, will those images be included on IS?

http://www.inmagine.com/cultura-images

« Reply #29 on: October 23, 2010, 14:05 »
0
 Hi gbalex,

I do have this opportunity to produce content for the new collection and Cultura is part of that so there is still a new opportunity to upload to new outlets. I will be doing some testing on some uploads, see how it goes and report back after I have seen some sales returns. We are all becoming one big happy family :)

Best,
Jonathan

« Reply #30 on: October 23, 2010, 14:12 »
0
Hi gbalex,

I do have this opportunity to produce content for the new collection and Cultura is part of that so there is still a new opportunity to upload to new outlets. I will be doing some testing on some uploads, see how it goes and report back after I have seen some sales returns. We are all becoming one big happy family :)

Best,
Jonathan

Thank for the response Jonathan, I am sure your returns will be interesting, thank for offering to report back!


 

Related Topics

  Subject / Started by Replies Last post
Buyers Bailing on Istock

Started by lisafx « 1 2 ... 67 68 » iStockPhoto.com

1692 Replies
327306 Views
Last post December 24, 2012, 21:19
by gostwyck
18 Replies
5149 Views
Last post November 24, 2011, 15:34
by lagereek
162 Replies
25711 Views
Last post May 14, 2012, 10:27
by jbryson
20 Replies
6007 Views
Last post February 14, 2013, 17:41
by Poncke
9 Replies
3854 Views
Last post January 15, 2014, 19:56
by djpadavona

Sponsors

Mega Bundle of 5,900+ Professional Lightroom Presets

Microstock Poll Results

Sponsors

3100 Posing Cards Bundle