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Author Topic: Kelly announces slightly downsized RC targets  (Read 49966 times)

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« Reply #25 on: January 07, 2011, 18:28 »
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This is no doubt a tough cut for some people.  For non-exclusives it is only 1% per level but for exclusives it is a whole 5%.

No, for independents it is 5% per level, for exclusives it is around 12%.
My "5%" pay cut is 16.67%.
Yup, sorry, I think it is 12.5% minimum, rising as you go down the cannisters.


« Reply #26 on: January 07, 2011, 18:32 »
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Even the veneer of 'community' has been shown to be micro-thin. It's all "I'm all right, Jack" from the relieved, and even a few, I'm still down, but I'm happy for those who are up.
Isn't that a prime definition of masochism?
Yeah, note also that the poster concerned considered that hanging on to what you've been entitled to is being "up", losing out is apparently what you should expect from life.

alias

« Reply #27 on: January 07, 2011, 18:37 »
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That thread is creepy. They start to seem like victims.

« Reply #28 on: January 07, 2011, 18:40 »
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That thread is creepy. They start to seem like victims.
As in some of them are happy their partner's stopped beating them (for the moment)?

ShadySue

  • There is a crack in everything
« Reply #29 on: January 07, 2011, 18:41 »
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That thread is creepy. They start to seem like victims.
Ah, yes, Stockholm Syndrome.
Wikipedia:
In psychology, Stockholm syndrome is a term used to describe a paradoxical psychological phenomenon wherein hostages express adulation and have positive feelings towards their captors that appear irrational in light of the danger or risk endured by the victims, essentially mistaking a lack of abuse from their captors as an act of kindness

lisafx

« Reply #30 on: January 07, 2011, 18:43 »
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Too bad the higher levels haven't moved much.  To me, 1.2 million RC is just as unattainable a goal as 1.4.  

And I agree, Balderick.  It certainly skews the equation when people are counting themselves "winners" just for not losing a % level.  That is still losing, IMO, because of the drops in Vetta royalties.   Even the scarce handful of people who are getting a royalty bump are still having their Vetta commissions cut.  

Are there ANY real winners among the contributors in this situation?  

« Reply #31 on: January 07, 2011, 18:46 »
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i'm really happy with this announcement since i will be going up a level now for vectors at 35%.  I missed the original absurd target by less than 3 thousand credits and would have made it if my last three months weren't so terrible. Still dropping a level for photos but that's not a big deal for me. Overall a pleasant surprise for me.

« Reply #32 on: January 07, 2011, 18:49 »
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Are there ANY real winners among the contributors in this situation?  

I guess a handful of newbies who are really good will have shifted up a level or two, but they are the ones who would have made the 40% after a year or two, which in most cases will now be unattainable.

« Reply #33 on: January 07, 2011, 19:04 »
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pfft... .

ShadySue

  • There is a crack in everything
« Reply #34 on: January 07, 2011, 19:12 »
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I have no idea how people make plans moving forward.
There has always been little point in uploading less desired images, even if unique.
There seems little point in everyone competing in the already overpopulated, if popular, areas.
Like I said in another thread, it'll be all about finding a niche which no-one else has access to, yet is still wanted by buyers. I'm afraid my brain doesn't work that far (I've never been able to second-guess buyers), and I don't have unique access to anything I'd be able to sell photos of.
Totally demotivating.

« Reply #35 on: January 07, 2011, 19:15 »
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I missed the original absurd target by less than 3 thousand credits and would have made it if my last three months weren't so terrible.

More evidence that they had to re-jig the 'targets' because sales were much worse than anticipated. Hmmm.

mlwinphoto

« Reply #36 on: January 07, 2011, 19:34 »
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A 25% drop in income for me....Happy (?) New Year!  I've been with traditional stock agencies for 20+ years and have never seen contributors treated this way....if this is what microstock is all about, no thanks.

ShadySue

  • There is a crack in everything
« Reply #37 on: January 07, 2011, 19:43 »
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Do any of those who are whooping with relief that they've been spared this year (seem to be a lot on that thread!) not realise that their happy position will no doubt be unsustainable next year.
First they came for the Jews ...

« Reply #38 on: January 07, 2011, 20:20 »
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Are there ANY real winners among the contributors in this situation?  


I guess a handful of newbies who are really good will have shifted up a level or two, but they are the ones who would have made the 40% after a year or two, which in most cases will now be unattainable.


There's one such contributor - very talented, I'll grant you - who is going from 30% to 40% (and was even at the 150K target level).

« Reply #39 on: January 07, 2011, 20:29 »
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There's one such contributor - very talented, I'll grant you - who is going from 30% to 40% (and was even at the 150K target level).


Loved his portfolio, the natural look in the images.

« Reply #40 on: January 07, 2011, 20:39 »
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There's one such contributor - very talented, I'll grant you - who is going from 30% to 40% (and was even at the 150K target level).


It's great port but I doubt it has been created in the last year or two. Looks to me like an 'old & bold' pro who has given up on his previous markets and moved to micro. To create that port, as well as the talent, would have required an eye-watering investment in the shoots themselves.. They deserve every cent (and more) of their 40%. Not sure I can so easily see the justification for IS's 60% slice of the pie though.

KB

« Reply #41 on: January 07, 2011, 20:43 »
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It's great port but I doubt it has been created in the last year or two. Looks to me like an 'old & bold' pro who has given up on his previous markets and moved to micro. To create that port, as well as the talent, would have required an eye-watering investment in the shoots themselves.. They deserve every cent (and more) of their 40%. Not sure I can so easily see the justification for IS's 60% slice of the pie though.
Nils is young, talented, and works very hard. The bulk of his port has been created while he's been on iStock.

Even so, when the target was 150,000 RCs, it didn't look like he was going to make it until the Dec Vetta sale (with the double-bonus RCs) came along. And even then, it was very close.

« Reply #42 on: January 07, 2011, 22:46 »
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pfft... .

haha the best comment so far.

On one of the countless threads created on msg about istock in the past few months, I remember someone saying that istock takes and when the time comes gives something back, so as to appear as the good guy again. I've noticed other agencies doing exactly the same thing too. I wouldn't be surprised if these newly announced levels were the actual levels originally agreed on in the first boardroom meeting they had, probably in the spring or summer of last year.

« Reply #43 on: January 07, 2011, 22:54 »
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Or maybe they had some specific people in mind and tweaked the numbers so that they came in at the levels they planned (like one indy kept 20% and so on). It is wise to put them a bit high and then lower them rather than the opposite. Also I suspect they expected more sales in the 3rd part of the year.

KB

« Reply #44 on: January 07, 2011, 23:00 »
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I remember someone saying that istock takes and when the time comes gives something back, so as to appear as the good guy again.
Judging by many of the comments in the iStock thread, it doesn't seem like they're appearing as the good guy to most contributors (at least, of those who are posting). So if that was their plan, it failed.

« Reply #45 on: January 07, 2011, 23:12 »
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I think I just threw up in my mouth.

the whole RC scheme is crazy.  and the numbers didnt really move that much.
http://dl.dropbox.com/u/1999508/Critiques/RC%20targets%20new%20and%20old.jpg

and I cannot believe that they let all those people keep the fraudulent RCs  -- do they also get DOUBLE for the ones that were Vetta??? completely unfair.  why not just put a sign up that says "unless you qualify for our Vetta program, we really don't give a shite about you." 

RacePhoto

« Reply #46 on: January 07, 2011, 23:53 »
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credit targets = hampster wheel  

 :-\

You and Sue have covered it pretty well.

As a "non" I don't think the 15% will change or improve, so not only on the wheel, but it squeeks and needs some grease. :D

That thread is creepy. They start to seem like victims.
As in some of them are happy their partner's stopped beating them (for the moment)?

Perfect, and so is the Stockholm Syndrome analogy, but then you added Rev. Martin Niemller quote which I think I had on the bottom of my first web page and it hasn't ever left. :)  Good one!

(There are all kinds of micro defenders and cheerleaders, including the abused IS lovers in denial)
« Last Edit: January 08, 2011, 00:07 by RacePhoto »

traveler1116

« Reply #47 on: January 08, 2011, 04:09 »
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I'm at 36,705 RCs will I get bumped to 37,000 since I'm at 99.2% of the level needed?

« Reply #48 on: January 08, 2011, 04:12 »
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I'm at 36,705 RCs will I get bumped to 37,000 since I'm at 99.2% of the level needed?

Why should you be? If you are "bumped" then someone with 36,410 will want to know why they shouldn't be, too, and so on ad infinitum.

traveler1116

« Reply #49 on: January 08, 2011, 04:14 »
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They should because they want to keep me as an exclusive...obviously they don't have to. 


 

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