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Author Topic: iStock fails to recover ground  (Read 64934 times)

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« Reply #150 on: November 23, 2011, 07:25 »
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michealo: "Note it's not a regular Tuesday it's two days before thanksgiving in the US which is a major market for IS."

I understand that, but it still doesn't explain the continued drop off and last week was not much better than this week.


« Reply #151 on: November 23, 2011, 07:26 »
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I think it is important to look at what happens in January/February. Last year there was a terrible drop after the New Year, presumably buyers who didnt renew their contracts and went elsewhere.

Then youll need the new RC targets, are they staying at 150k or lowering them significantly or proportional to the perceived loss in traffic.

Are they announcing any new initiatives (better than microstock...ahem...)?

And what do the monthly sales threads look like beginning of the year?

Do you have good sales on getty? Do you have a house or PC contract? The you could try to weather the storm by uploading more to them, at least that is what I am doing.

I would also wait to see the "next stage" of uploading that Kelly talked about.

But in the end, it is your decision. It all depends on how painful things are.

I really dont believe that microstock is dead, absolutely not. The needs for images is steadily growing, because more and more markets are maturing, i.e. paying their staff enough that buying from a stock site is cheaper than spending hours searching the internet to steal one...

And of course you can think of adding a new and different subject theme to your portfolio to attract different customers.

On the other hand, many people here have gone from being exclusive to independent, then back and and again independent. So it is doable. UL systems also seem to be easier on most sites.

Whatever you decide, I wish you all the best.

« Reply #152 on: November 23, 2011, 07:40 »
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Cobalt, thanks for the levelheaded advice. I probably will hold on a bit longer but it is becoming quite unsustainable from a personal income aspect. I do have a house contract at Getty and have started to upload more there. That is partly what I was refering to with regard to leaving microstock. It's just been really hard to decide between uploading to iStock or Getty, but IS is making that choice easier. On the other hand it will probably take a while before I start seeing significant returns on Getty and if the returns i'm seeing from V/A files on Getty is any indication, it's not very encouraging.

« Reply #153 on: November 23, 2011, 07:51 »
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IMO, you're not going to win any contests by shifting uploads to Getty.

« Reply #154 on: November 23, 2011, 08:13 »
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IMO, you're not going to win any contests by shifting uploads to Getty.

I respect your opinion Sean, but if iStock isn't not working for me anymore, what other options do I have without leaving exclusivity? And don't say the Partner Program (I know you won't Sean).

« Reply #155 on: November 23, 2011, 08:48 »
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IMO, you're not going to win any contests by shifting uploads to Getty.

I respect your opinion Sean, but if iStock isn't not working for me anymore, what other options do I have without leaving exclusivity? And don't say the Partner Program (I know you won't Sean).

Not many. I feel your pain. My download numbers are less than a third of what they were a couple of years ago.

Someone (Rapideye perhaps) suggested making sure all your images are keyworded with non-cv terms embedded now so the transition to independence won't be as painful or slow when iStock becomes financially unviable for full time exclusive photographers.

« Reply #156 on: November 23, 2011, 08:56 »
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The other thing to consider is the holding time for images on getty.

If you are really giving up exclusivity, I think you will lose your house contract. But getty has much longer holding times than istock, you cannot sell those files anywhere else as long as they have exclusive rights to them.

Of course you will still get paid on any sales, but you can't take them with you after 30 days.

I have no idea how long their lock up period lasts.

Maybe your portfolio is good enough and they keep you, might be worth negotiating directly with them.

michealo

« Reply #157 on: November 23, 2011, 09:18 »
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Im an iStock exclusive at the diamond level and have been contributing there since 2007 (let the guessing begin). For my own reasons Ive chosen to remain anonymous at this time and this is my first ever post here on MSG.

This thread as well as other recent conversations both here and in the istock sales threads have me very worried about the future of istock. Is iStock becoming the Myspace of the microstock world? I certainly hope not, but my faith in IS has been slowly eroding for over a year now and this month it is the worst ever.

A year ago I used to average about 30-40 DLs on a normal weekday. This year that number dropped to 20-30 per weekday. This month it has dropped to 10-20 per weekday. Yesterday I only had 5 DLs, which for me is unheard of on a regular working Tuesday, normally my best day of the week. I have a good number of Vettas and a smaller number of Agency files but royalties from those few sales are not near enough to balance the loss of revenue from decreasing DLs. I know these are just my numbers so they are anectdotal at best. But that said, something is seriously wrong with this picture. I dont upload as much as I could, but I do try to upload regularly. So, what does all this mean?

Its causing me to seriously question staying exclusive at IS and for that matter, its causing me to question the concept of microstock in general (yeah, I know that sounds a bit dramatic). I really don't know what to do but its clear that something has to change and they say that change begins with "me". It's just hard when you've invested so much with one agency and now you're getting a big fat turd in return.

Well if you have a wife, husband, brother, sister. Have them set up a company, have this company contribute to other agencies. Have them contract you as a photographer, retoucher, keyworder, uploader. And provide you the equipment office space etc. In your spare time you can continue to upload to IS / Getty

« Reply #158 on: November 23, 2011, 09:27 »
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Well if you have a wife, husband, brother, sister. Have them set up a company, have this company contribute to other agencies. Have them contract you as a photographer, retoucher, keyworder, uploader. And provide you the equipment office space etc. In your spare time you can continue to upload to IS / Getty

Sneaky, not sure if it's a legal loophole or simply breaking the contract.

michealo

« Reply #159 on: November 23, 2011, 09:41 »
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Well if you have a wife, husband, brother, sister. Have them set up a company, have this company contribute to other agencies. Have them contract you as a photographer, retoucher, keyworder, uploader. And provide you the equipment office space etc. In your spare time you can continue to upload to IS / Getty

Sneaky, not sure if it's a legal loophole or simply breaking the contract.

Well it depends on the conditions of section 2 a of the artist's supply agreement and Canadian and International laws.

lagereek

« Reply #160 on: November 23, 2011, 09:44 »
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IMO, you're not going to win any contests by shifting uploads to Getty.

I respect your opinion Sean, but if iStock isn't not working for me anymore, what other options do I have without leaving exclusivity? And don't say the Partner Program (I know you won't Sean).

My view:  Im Diamond myself but independant, and youre right, its an ordinary Tuesday and Wednesday, never mind Thanks-giving and never mind all these ebb and flow excuses. Its just down out BAD and thats the way it is. Unfortunately, not much to do about it.

I would take Cobolts and Joannes advice and hang on, untill after x-mas and new-year and if no change, run for your life! and I really mean that.

best.

ShadySue

  • There is a crack in everything
« Reply #161 on: November 23, 2011, 09:51 »
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Well if you have a wife, husband, brother, sister. Have them set up a company, have this company contribute to other agencies. Have them contract you as a photographer, retoucher, keyworder, uploader. And provide you the equipment office space etc. In your spare time you can continue to upload to IS / Getty

Sneaky, not sure if it's a legal loophole or simply breaking the contract.
There's at least one person who openly on an iStock forum stated that she has a shooting partner/buddy, shoots the same scenes and she uploads them as an iStock exclusive and he as an independent. She claimed that she had cleared this with iStock. Win-win IMO, share the cost of shoots, spread the risks. NB, I don't have a shooting buddy or anything else - don't shoot the messenger.

« Reply #162 on: November 23, 2011, 10:03 »
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If you do that then the company in the name of your spouse is the legal copyright holder. Which means you need a stable marriage ;-) or at least excellent contracts in case you fall out. And obviously it cannot have a small print saying that basically everything is owned by you, because then you are breaking exclusivity...youll definetly need a good lawyer if you want to go that route.

« Reply #163 on: November 23, 2011, 10:05 »
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In any case, you'd best clear that with IS/Getty first.

Remember, they don't have to justify cancelling their contract with you, any more than you need a reason to cancel your contract with them.

« Reply #164 on: November 23, 2011, 10:09 »
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I agree, if you want to work for a business registered with your partner, I would clear it with istock first.

« Reply #165 on: November 23, 2011, 10:17 »
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In any case, you'd best clear that with IS/Getty first.
Remember, they don't have to justify cancelling their contract with you, any more than you need a reason to cancel your contract with them.

True, no more than they need to justify lowering royalty rates. We already found that out the hard way.

Anyways, I'm not a "go behind your back" sneaky type even if Getty is, so I'll either be exclusive or not openly (all spoken anonymously, of course ;-). A little time will tell.

« Reply #166 on: November 23, 2011, 10:19 »
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...Its causing me to seriously question staying exclusive at IS and for that matter, its causing me to question the concept of microstock in general (yeah, I know that sounds a bit dramatic). I really don't know what to do but its clear that something has to change and they say that change begins with "me". It's just hard when you've invested so much with one agency and now you're getting a big fat turd in return.

It's certainly a time of change for microstock - in particular, agencies getting powerful enough that they think they can throw their weight around and increase their slice of the (in some cases shrinking perhaps) pie. On the other hand I don't see the demand going away and in spite of the many free options, I don't see the paid microstock market going away either.

So, that leaves you a few options other than the "hanging and hoping" one of remaining an exclusive. It was probably easier for me to leave exclusivity than some because (a) I'd been an independent for a long time prior to being exclusive, (b) I'd already given up Vetta in Sept 2010 and (c) I'm part of the successful middle class at iStock, not one of the top sellers. However, at some point you have to look at past success, loyalty and all those hopes for the future at iStock as a sunk cost and just look forward at what your options are. I do think there's a realistic option to stay with microstock and become independent, but that's obviously only one.

Given the eagerness to dump Getty content onto iStock, I have to believe that thinking about Getty as the salvation when iStock sales decline is a strategy that probably doesn't have long term legs. But others can give you data about how that's performing for them (I never contributed to Getty). There are lots of people here to answer questions and give perspective on independence so you can consider.
« Last Edit: November 23, 2011, 11:44 by jsnover »

« Reply #167 on: November 23, 2011, 10:51 »
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Well, I seem to be an exception among those reporting, but the fact is that being exclusive is still working fine for me - which was a surprise, because after the change to RCs I did drop a royalty level, and although my downloads have dropped my royalties are still getting BMEs and show good increases compared to 12 months previous.

But I'm very much a middle ranking Gold, and the changes seem to be affecting Diamonds and above more.  If iStock are paying any attention, I would think they would be looking to address that somehow;  just my thoughts though. I have no inside knowledge of their plans.

« Reply #168 on: November 23, 2011, 11:20 »
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In any case, you'd best clear that with IS/Getty first.
Remember, they don't have to justify cancelling their contract with you, any more than you need a reason to cancel your contract with them.

True, no more than they need to justify lowering royalty rates. We already found that out the hard way.

Anyways, I'm not a "go behind your back" sneaky type even if Getty is, so I'll either be exclusive or not openly (all spoken anonymously, of course ;-). A little time will tell.

That's the best policy in my opinion (humble, of course). The "rating rings" weren't technically breaking any laws but they are supposed to have been punished, maybe expelled. I'm not sure if they really were. At one time, a "copycat" shooter or two were chucked out, as well - but that happening is probably ancient history.

« Reply #169 on: November 23, 2011, 12:32 »
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Its causing me to seriously question staying exclusive at IS and for that matter, its causing me to question the concept of microstock in general (yeah, I know that sounds a bit dramatic). I really don't know what to do but its clear that something has to change and they say that change begins with "me". It's just hard when you've invested so much with one agency and now you're getting a big fat turd in return.

Microstock is doing fine. Just not necessarily at Istock. As it happens I had a terrible Friday but then yesterday was my best day for sales at IS for the entire month. As sales generally slowdown, then on a day-to-day basis, the fluctuations are likely to become more severe.

Start making plans to go independent. You owe it to yourself and your portfolio and certainly not to Istockphoto. Your income should be more stable, you'll have far more EL's (which always cheer me up) and there's a limit to how much the vagaries of one agency, in responding to targets set by their masters, can influence your income. Istock have let you, me and pretty much every other contributor down on several occasions over the last couple of years. Everything from the original RC swindle, the broken promises about canister protection, the fraud fiasco, the search screw-ups, the site outages ... oh and this latest nonsense. Hell, Istock can't even provide up-to-date statistics and haven't been able to for several years. Pathetic. Every other agency has instantaneous sales data. Why can't Istock?

From what you've written it is probably not a question of 'if' you should go independent but only 'when'. Start working on the 'when' bit immediately. If I were you I'd be handing my crown back in today so that the 30-days will expire just before the Xmas dead-period. Get your port up and running at the other agencies ready for the busy period from mid-January until the end of March.

Give yourself something to look forward to __ you're probably not going to get that at Istock. Good luck with whatever you decide.

« Reply #170 on: November 23, 2011, 13:30 »
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As it happens I had a terrible Friday but then yesterday was my best day for sales at IS for the entire month. As sales generally slowdown, then on a day-to-day basis, the fluctuations are likely to become more severe.


Yesterday was a terrible day for me, after I edited the keywords for some older images and pressed "continue", the site said that "The file is not available for download. Please contact customer support" or something like that. But the day before yesterday was fantastic. I always suspect that IS somehow take some ports on and off the search in a rotation system.

grp_photo

« Reply #171 on: November 23, 2011, 13:34 »
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well all I can say is here in Australia things are looking good  :P
lol  :D

lagereek

« Reply #172 on: November 23, 2011, 16:32 »
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well all I can say is here in Australia things are looking good  :P
lol  :D

Yeah but they have always been a bit wonky there down under, they read and write from right to left. :)

Phadrea

    This user is banned.
« Reply #173 on: November 24, 2011, 03:16 »
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Even with a nice EL boost to give me a head start at the beginning of the month, sales have fallen the last week or two and I am again well under what I should be. As a silver who can no longer get images passed, who hasn't bothered submitting any for well over 12 months I am going to drop my exclusivity at the end of this month and go with as many others as I can. Wow, I might be able to get into SS but that would be nigh on impossible after already 4 attempts.

« Reply #174 on: November 24, 2011, 03:27 »
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Even with a nice EL boost to give me a head start at the beginning of the month, sales have fallen the last week or two and I am again well under what I should be. As a silver who can no longer get images passed, who hasn't bothered submitting any for well over 12 months I am going to drop my exclusivity at the end of this month and go with as many others as I can. Wow, I might be able to get into SS but that would be nigh on impossible after already 4 attempts.

Personally i am not in a hurry to join IS. I past the SS contributor 1st review from the first  attempt with a very good score 9/10 pics submitted. On the IS at the first attempt i was rejected ( despite the fact that i submitted the same pictures as SS). At the second try i was rejected again and i submitted the best selling pics from SS. Now i tried the 3th time .... if i will be rejected again i will  never try again.


 

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