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Author Topic: iStock fails to recover ground  (Read 64995 times)

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« Reply #225 on: November 29, 2011, 09:05 »
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ok but why you're expecting a market leader company to care about us ?
in their eyes we're tens of thousands, one worth the other, easily replaceable by newbies, absolutely expendible.

either we get it or we don't.

let's go back to the beginning : if you're REALLY a skilled photographer you have an agent finding customers for you, and you sell for art galleries or make assignments for the biggest brands billing them 100K as a start !

microstock is the absolute rock bottom of the whole industry, even lower than newbies buying the cheapest Canon Rebel and doing weddings for 500 bucks.

so, we're here ranting that micro agencies s-ucks, well what else is to be expected from the cheapest of the cheapest ?? 1000$ a pop ??

blaming microstock is like blaming Walmart.... same same.

You're absolutely right in everything you say. Microstock is a complete waste of time and is destroying the industry for nice, skilled photographers like you. Do you have any more pearls of wisdom to share please? Get it out of your system now and then maybe you can move on (hopefully in the most literal sense).


Microbius

« Reply #226 on: November 29, 2011, 09:07 »
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^^ I have said before and I'll say it again. I 100% agree. Everyone else should stop submitting to micro immediately  ;)

lagereek

« Reply #227 on: November 29, 2011, 09:43 »
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As far as Getty's MBAs are concerned, it may all be going according to plan.

You can't possibly believe that can you? You must realise that your PP sales are hugely inflated because most contributors have chosen not to participate and are unlikely to be a reflection of the greater market __ don't you? You'll find out if and when the useless IS programmers finally manage to get their 'PP conveyor belt' to work. Of course that could be a very long time yet. (NB: Funny how SS's 'Bridge to Bigstock' was implemented rapidly and without interruptions elsewhere). According to the independent traffic stat's (that others have provided) TS has just 45K unique visitors against 2M at SS. Your 'analysis' appears to have been entirely constructed as a counter-arguement against Lagereek and is at least as distorted and unrealistic a picture as you accuse him of.


Yes, it was a counter-argument to lagereek because it gets boring seeing the same drum being thumped and nothing new being said. However, every single fact in it is correct and represents data people can interpret as they like.

I'm pretty sure that your assertion that "most contributors have chosen not to participate in pp" is false. It may or may not be the case that a considerable proportion of leading independents have chosen not to participate and that may be inflating my figures, but neither you nor I know that, either. We do know that a good proportion of the most vocal were in the boycott but that is a very small number of people.

I'll put up a survey. Let's see what that says.

Meanwhile, I wait with interest to see if (subject to them ever getting things working) my PP figures do take a major hit.

I do find the TS web traffic figures very strange, given my returns. I wonder if it is something to do with how the data are collected.

As for Getty's MBAs, I did say maybe, its what they want , I didn't say I believe it is. From where I am sitting it's hard to imagine that the big-wigs could be happy with the way it's going but as I was trying to point out, that could be because we are seeing only a small part of a very big picture. Maybe they have diverted sales into more profitable (for them) channels rather than losing them outright. It seems unlikely but it's not impossible. And if not, why aren't there signs of frantic efforts to woo back lost customers?

Yes but with due respect, youre not exactly coming up with anything new yourself, I mean all this speculation, etc, is all very well, who and who havent joined PP, etc, in all fairness, who cares anyway? I couldnt careless if they sold for a billion bucks per day,  to be even more blunt, even if I was earning a grand/day, I still would slagg them off.

Antistock, is right, after Tony-Stone and Image-Bank,  same pattern, they left them alone for a few years and into a false security,  then all of a sudden the sheit came down in hoards,  tirds as big as JFK airport.

« Reply #228 on: November 29, 2011, 09:55 »
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..... who and who havent joined PP, etc, in all fairness, who cares anyway? I couldnt careless if they sold for a billion bucks per day,  to be even more blunt, even if I was earning a grand/day, I still would slagg them off.

It's not who, it's how many - or, more exactly, what ratio of people who vote. I'm curious. I guess some others are, too, as they are answering the survey.

Meanwhile, more turds are landing on Getty news photographers, according to leaf's latest thread.

lagereek

« Reply #229 on: November 29, 2011, 09:58 »
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..... who and who havent joined PP, etc, in all fairness, who cares anyway? I couldnt careless if they sold for a billion bucks per day,  to be even more blunt, even if I was earning a grand/day, I still would slagg them off.

It's not who, it's how many - or, more exactly, what ratio of people who vote. I'm curious. I guess some others are, too, as they are answering the survey.

Meanwhile, more turds are landing on Getty news photographers, according to leaf's latest thread.

Correct, you spell it turds, not tirds. Thats what I meant, TURDS! ;D

« Reply #230 on: November 29, 2011, 10:15 »
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Thanks for the embedded links, they didn't catch my attention in the other thread.

This chart matches what I'm seeing at ShutterStock, explosive growth, couldn't have happened to a better company.  I  love watching IStock's demise!!!!!
+1 for me :). Thanks for adding the images it surely got my attention too. Very nice site this is to check websites growth, didn't know of it.

It's been a year since I joined iStock (been about 3 year in microstock), and after 20 images and Flash file upload I stopped uploading there. Seeing that it's getting less and less share of the market I think I am happy I didn't waste or don't go on wasting time over they ALL TOO TIME CONSUMING upload system. That's a major turn-off for me, being non-exclusive I keyword and description for ALL the other site, but for iStock I need to manually correct everything... Even tho the apparent ''good money'' in iStock was attractive, it's getting less and less interesting to upload there.

For me, if Shutterstock keeps growing and iStock falls I'll be a happy camper (that an individual comment, but I know for a lot of Exclusive photographer there it must be stressful to see their major source of income degrade slowly). Overall I wish best for iStock, for the sake of the contributors there, but those graphs speaks from themselves.

Losing 1 million... 1 MILLION out of 1.5 unique visitors... 66% of a business... This means something. Wouldn't want to be in their shoes.

« Reply #231 on: November 29, 2011, 10:17 »
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If you bill clients 100k you probably also have running costs for studio and team of 30k a month. And do you really believe selling Art through galeries Is the way to go in the year 2011??

If you don't know how to make good money with stock, then all it says that you personally don't understand how to be successful in the genre. Just like there are wedding photographers who charge 5000 usd and others who will never find anyone who will pay more than 500 usd.

Stock photography and working with stock agencies is a highly specialized subject matter. It isn't for everyone.

« Reply #232 on: November 29, 2011, 10:33 »
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http://www.istockphoto.com/article_view.php?ID=159

looking back, interesting read.....

« Reply #233 on: November 29, 2011, 11:14 »
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http://www.istockphoto.com/article_view.php?ID=159

looking back, interesting read.....


Oh dear <takes out onion>. It makes me want to touch my monitor just to feel the warmth of his sincerity. Funny though, he didn't seem to mention the $50M he'd just stuffed into his back-bin. Must have forgot.

« Reply #234 on: November 29, 2011, 11:37 »
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http://www.istockphoto.com/article_view.php?ID=159

looking back, interesting read.....


Oh dear <takes out onion>. It makes me want to touch my monitor just to feel the warmth of his sincerity. Funny though, he didn't seem to mention the $50M he'd just stuffed into his back-bin. Must have forgot.


No need to be quite so cynical. I'm sure it was a genuinely emotional moment for him: if you've ever sold something you've created, you'll know that.

It is interesting to see how all the promises and reassurances have come to naught. Which probably had a lot to do with why Mr Livingstone subsequently absconded.

Microbius

« Reply #235 on: November 29, 2011, 11:40 »
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No need to be quite so cynical. I'm sure it was a genuinely emotional moment for him: if you've ever sold something you've created, you'll know that.


Emotional? no sh*t! I have also never sold anything for $50 mil, I assumed that was him in the photo cross dressing in pink and jumping for joy.

« Reply #236 on: November 29, 2011, 12:27 »
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http://www.istockphoto.com/article_view.php?ID=159

looking back, interesting read.....


I have no idea what his options were when Bruce made that decision but I wonder if he regrets it now or not. The easy answer is he had his share of 50 million reasons not to regret it. However, seeing what is happening to Istock now has to sting. Very few people have ever created a business that created a fundamental change in a market, and I bet its tough to see your business go from being an innovator to, potentially, a regressive business model.

« Reply #237 on: December 02, 2011, 10:27 »
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Because istock is a pay as you go site with high prices, SS is a subscription site with much lower prices. So even with less traffic, istock still makes more money.


SS is not just 'a subscription site' and hasn't been for some time. OD and EL sales have been growing strongly for the last couple of years and now make up nearly 50% of my total earnings at SS.

I checked my own stats after reading this and found that more than one third of my revenue on ss comes from non-subscription downloads. I've put a very simple poll on my blog. Hope u guys can take part.

Just how much of a subscription site is Shutterstock?

lisafx

« Reply #238 on: December 02, 2011, 14:31 »
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I checked my own stats after reading this and found that more than one third of my revenue on ss comes from non-subscription downloads. I've put a very simple poll on my blog. Hope u guys can take part.

Just how much of a subscription site is Shutterstock?


I just voted.  I was surprised to learn that a whopping 69% of my SS money comes from non-subscription sales.  I think the subs still account for a large majority of my total downloads there, but the increase on OD sales and the massive increase in ELs has helped swell the dollar totals. 

« Reply #239 on: December 02, 2011, 15:07 »
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I just voted.  I was surprised to learn that a whopping 69% of my SS money comes from non-subscription sales.  I think the subs still account for a large majority of my total downloads there, but the increase on OD sales and the massive increase in ELs has helped swell the dollar totals. 

This is why I don't get people's rosy outlook on SS. They haven't really seemed to have grown much in the last 4 years. They just swapped out subscription sales for On Demand sales. Income is up (that's good), but the number of downloads is about half of what it was in 2007 (even though my portfolio is 2 to 3 times bigger). It seems like they sacrificed their subs sales for the more lucrative On Demand. I can't complain about that, but it seems more like a "switch-a-roo" than growth. Now, they are introducing single sales, so I'm going to predict another 4 years of imaginary growth.  ;)

I always kind of felt the same about iStock too. Were they really growing or just increasing prices at a rate that seemed like growth?

« Reply #240 on: December 02, 2011, 15:35 »
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Out of curiosity, I went back to check download counts at Shutterstock.  In November, 2005 I had 268 DLs.  November, 2006 saw 425, a 58% increase.  November, 2007 saw a 20% drop to 344.  2008 was up 28% to 442.  2009 grew another 9% to 485.  2010 was up 10% to 537.  Last month grew 26% more to 679. 

And those are just the downloads, not the revenues from those downloads.  Downloads grew by 153% in six years; income grew 615%.  That's due to increases in subscription royalties, as well as extended licenses and other non-subscription offerings.

I didn't do a month-to-month comparison for every month, but I suspect the results would be equally impressive.  In any event, I've seen growth of both kinds.

« Reply #241 on: December 02, 2011, 15:49 »
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  In any event, I've seen growth of both kinds.

Same here. Substaniatial growth too of late.

lisafx

« Reply #242 on: December 02, 2011, 17:01 »
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  In any event, I've seen growth of both kinds.

Same here. Substaniatial growth too of late.

I am seeing year to year growth in DL's at SS.  Not as dramatic as Disorderly mentioned, but downloads alone at SS were up 15% from Nov 2010, for me.   This compares to drops in downloads at the other 3 major sites, for me:  IS -52%, DT -22%, FT -27%. 

So from my perspective, SS is the only big 4 site showing both download and income growth. 

« Reply #243 on: December 02, 2011, 17:16 »
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Out of curiosity, I went back to check download counts at Shutterstock.  In November, 2005 I had 268 DLs.  November, 2006 saw 425, a 58% increase.  November, 2007 saw a 20% drop to 344.  2008 was up 28% to 442.  2009 grew another 9% to 485.  2010 was up 10% to 537.  Last month grew 26% more to 679. 

And those are just the downloads, not the revenues from those downloads.  Downloads grew by 153% in six years; income grew 615%.  That's due to increases in subscription royalties, as well as extended licenses and other non-subscription offerings.

I didn't do a month-to-month comparison for every month, but I suspect the results would be equally impressive.  In any event, I've seen growth of both kinds.

Do all your months look like that? I have months that look like that through the years, but I also have months that look the exact opposite. My November's are pretty consistent from 2007-2011. '07 - 1029, '08 - 971, '09 -1244, '10 - 1126, '11 - 1008. It just seems like the range of downloads hasn't changed that much for me. Every month has been somewhere between 800-1500 for the last 4 years. Granted, income is way up from 2007, so, like I said, I can't complain. But, it makes me think.

« Reply #244 on: December 02, 2011, 18:00 »
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I like to think SS's growth is due to great strategic planning.  As more and more images are added to the site, it's only logical that contributors would see their earnings decrease through dilution of their portfolios and increased competition.  How can SS combat that and keep contributors happy at the same?  By not doing what IS does when they release new programs too soon.  SS rolls out new programs slowly, the latest being the single purchase option for buyers. 

I have only uploaded a handful of images the past two years, so it's easy to tell when sales are starting to decline or are on the increase.  Whenever I see a decline pattern emerging, SS responds with a new buyer option or contributor incentive.  My downloads have been stable three years in a row now with small increases each year, and my earnings continue to grow at an increasingly accelerated rate.  I'm not making that happen by uploading content, so it has to be something right that SS is doing. 
   

« Reply #245 on: December 02, 2011, 18:19 »
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I graphed my monthly download counts from February, 2005 through last month.  My numbers bounce around quite a bit, so I replaced each monthly count with an average of that month and the previous eleven.  That reduces the bounces and eliminate seasonal effects, since each point represents an average of of twelve consecutive months.  From the graph I see that I reached an average of 400 DLs/month in August, 2006, rising to a little over 500/month in November, 2009.  Things fell off to 450/month in November, 2010 but climbed back to an average of 550/month in November, 2010.

So what does that mean?  I've been uploading steadily, and my downloads have been stable or increasing a little.  My revenues have been increasing more quickly, with each download averaging .53 over the past year.  They were .20 when I started.

« Reply #246 on: December 02, 2011, 18:44 »
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... As more and more images are added to the site, it's only logical that contributors would see their earnings decrease through dilution of their portfolios and increased competition...
This may be true, I have seen several people say that lately, and I cannot recall anyone arguing against it. But there might be another side.

If I made picture frames and Wal-Mart offered to sell them, should I say, "I don't want to sell at Wal-Mart, they have too many products." Or if I want to sell my watch, should I decide not to sell it on ebay because ebay has too many watches for sale? Buyers tend to go where the selection is best.

Surely many of the SS PPD/non-subs sales these days are to buyers who are jumping ship from iStock, and to what ship are they likely to jump? The one with the most images? Hence our great increase in PPD sales at SS. Maybe the more images it offers, the better we will all do. Maybe there is no such thing as a downside to dilution.

« Reply #247 on: December 02, 2011, 20:37 »
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... As more and more images are added to the site, it's only logical that contributors would see their earnings decrease through dilution of their portfolios and increased competition...
This may be true, I have seen several people say that lately, and I cannot recall anyone arguing against it. But there might be another side.

If I made picture frames and Wal-Mart offered to sell them, should I say, "I don't want to sell at Wal-Mart, they have too many products." Or if I want to sell my watch, should I decide not to sell it on ebay because ebay has too many watches for sale? Buyers tend to go where the selection is best.

Surely many of the SS PPD/non-subs sales these days are to buyers who are jumping ship from iStock, and to what ship are they likely to jump? The one with the most images? Hence our great increase in PPD sales at SS. Maybe the more images it offers, the better we will all do. Maybe there is no such thing as a downside to dilution.
(emphasis mine above in bold) In that case, everyone should advocate Alamy surely...more images than anyone, fair commission and charity donations too?

« Reply #248 on: December 02, 2011, 21:12 »
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Quote
In that case, everyone should advocate Alamy surely

Their images aren't at the same price-point as microstock. Don't forget that some of the people buying microstock just plain can't afford more.

antistock

« Reply #249 on: December 03, 2011, 06:12 »
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So from my perspective, SS is the only big 4 site showing both download and income growth. 

and from another perspective the whole microstock industry is declining year after year.

judging from the numbers we're reading here to stay afloat a photographer should double or triple
his portfolio every 12-18 months.

agencies on the other hands will still make a sh-itload of money for a long time unless they kill each other with underpricing,
subs, and rock bottom promotions.


 

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