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Author Topic: istock sale  (Read 6156 times)

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« on: January 01, 2011, 20:26 »
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new rates haven't kicked in yet. Made one small sale and got the same rate as last year.


« Reply #1 on: January 01, 2011, 23:22 »
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new rates haven't kicked in yet. Made one small sale and got the same rate as last year.
same here - no changes yet.

« Reply #2 on: January 01, 2011, 23:25 »
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You can't expect the rates to kick in yet when the RC counter still is not fully updated yet - and probably won't happen until Tuesday.  Definitely interesting if they will backdate royalties or not

« Reply #3 on: January 02, 2011, 08:11 »
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new rates haven't kicked in yet. Made one small sale and got the same rate as last year.

How do you know what rate you got?

« Reply #4 on: January 02, 2011, 08:14 »
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What I got for small sale didn't drop. Its the same. But I know that they will drop. And I agree that probably will be retro back to the first.

lisafx

« Reply #5 on: January 02, 2011, 12:18 »
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new rates haven't kicked in yet. Made one small sale and got the same rate as last year.

How do you know what rate you got?

I'm wondering the same thing.  Since we can't know what the buyer paid for the credits, how can you know for sure what rate you got? 

123XXX

« Reply #6 on: January 02, 2011, 14:56 »
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Yes, I don't feel they have kicked in yet either on the few sales I have had since the first. I am trying to remember though if iStock had given a definitive date when the new royalty rates would become effective? Anyway, if it was supposed to be the first then wouldn't it just happen automatically? It would seem like it could be an automated setting made to the system by the admins to take affect on the first. It seems odd really if the system hasn't changed itself yet. I remember with canister level and royalty rate changes in the past it would occur almost immediately. Oh well, guess someone needs to press F5 :)  

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« Reply #7 on: January 02, 2011, 15:12 »
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new rates haven't kicked in yet. Made one small sale and got the same rate as last year.

How do you know what rate you got?

I'm wondering the same thing.  Since we can't know what the buyer paid for the credits, how can you know for sure what rate you got?  

Maybe this credit thing is more complex than I assumed...

I had sales on 1/1 that paid the same amount than the lowest I have ever had prior to 1/1/2011 - which used to be at 20%

So now I assume that if I receive the same amount in the new year 2011 like I did in 2010 (and before that) it's safe to say that the new system hasn't been activated yet.

I know that I WILL drop, so how could it be possible that the new system is in place but I receive the same royalties although I have dropped?

In that case, the whole shock wave that went around the globe was for nothing? So we all still get the same money then?

Please elaborate.

I do best if I have examples to look at btw.
« Last Edit: January 02, 2011, 15:40 by click_click »

« Reply #8 on: January 02, 2011, 15:38 »
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I believe the new system has clicked in since sometimes yesterday. After the F5 announcement, the new portfolio page showed the DL numbers for a few days. Probably because of the bugs, they switched back to the old system and the DLs were no longer visible. They are now. I have no clue if the new prices have been applied yet.

« Reply #9 on: January 02, 2011, 15:47 »
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How absurd would it be if they rolled (or tried to...) royalties back to the first when the site is literally falling apart, the EL bonus fiasco still isnt sorted out, and so on..and on..and on...and oooooooon...  ::)
The 10% EL bonus affected only exclusives, and not even all of them, this is about EVERYONE with different rates etc etc... and this is the company that thinks a script for mass-mailing everyone is already too complicated...

I put my money on:
They'll implement it somewhere next week/half january making a total mess of it, peeps will get the wrong percentages, it will take a couple of months to 'correct' it taking and adding some random amounts here and there to claim its fixed, and in the end nobody will know whether they were payed correctly. ( but we are already there, they went out of their way to make the system as untransparant as possible; im going down to 17%, but they can just as well put me on 15% or 18% since there's no way for me to calculate. )

lisafx

« Reply #10 on: January 02, 2011, 16:21 »
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I put my money on:
They'll implement it somewhere next week/half january making a total mess of it, peeps will get the wrong percentages, it will take a couple of months to 'correct' it taking and adding some random amounts here and there to claim its fixed, and in the end nobody will know whether they were payed correctly. ( but we are already there, they went out of their way to make the system as untransparant as possible; im going down to 17%, but they can just as well put me on 15% or 18% since there's no way for me to calculate. )

^^I think we are all putting our money on this, whether we want to or not ;)

But, FWIW, I think the scenario you have outlined is the most likely.

Probably those who say they haven't implemented the changes are right.  I imagine there will be some sort of official announcement when it happens (though maybe not?). 

My point wasn't that the change has or hasn't happened.  Just that the payout structure is too convoluted to be sure of anything. 

ShadySue

  • There is a crack in everything
« Reply #11 on: January 02, 2011, 16:25 »
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Just that the payout structure is too convoluted to be sure of anything. 
And that's no doubt just the way they like it.

« Reply #12 on: January 02, 2011, 17:07 »
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Just that the payout structure is too convoluted to be sure of anything.  
And that's no doubt just the way they like it.
yep  >:(

« Reply #13 on: January 03, 2011, 15:59 »
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I'm wondering the same thing.  Since we can't know what the buyer paid for the credits, how can you know for sure what rate you got? 

Exactly what I ask myself. 

I had just one sale so far this year, an M-size at 1.32, thus 22c per credit.  This can well be at the old 20% commission.  The same image also sold last month at this size for 1.62, so one could conclude the latest sale was under the new commission.

« Reply #14 on: January 03, 2011, 16:42 »
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As good as my math skills are, they can pretty much screw me and I'd be totally in the dark. Is this business ethics at it's best? Or is there such a thing as good business ethics.

lisafx

« Reply #15 on: January 03, 2011, 17:01 »
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maybe "business ethics" is like the old joke about "military intelligence".  (a complete oxymoron)

« Reply #16 on: January 03, 2011, 17:44 »
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My point wasn't that the change has or hasn't happened.  Just that the payout structure is too convoluted to be sure of anything.  


When I calculated the price a buyer would have paid per credit two ways - one if I got a 40% commission and one at 35%, some sales from Saturday and Sunday would have had buyers paying $1.77 per credit if I'd been getting 35% and I don't think the number goes higher than $1.52 or thereabouts at the moment.

And as far as the convoluted pay structure and lack of transparency, you're right - hence the suggestion I made here for detailed downloadable sales statistics, where we get size,royalty percentage, credit price, size purchased, redeemed credits, etc. for every sale or refund.

« Reply #17 on: January 04, 2011, 10:03 »
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Yeah, I just don't see any sort of transparency happening anywhere. Mostly, the attitude du jour is "if you don't like it, leave."

« Reply #18 on: January 04, 2011, 10:11 »
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I seriously can't even believe you guys have been left hanging like this. Unbelievable there has been no announcement or true indication that they have implemented the changes, even though they announced that they'd go live on 1/1/11.  Are they still on vacation or what. This is a global multi-million dollar business. They need to get their act together! They are worse than a start up! I have visions of them playing nerf basketball and Foosball and riding skateboards around the office instead of actually working.

Anyone remember that Christmas thread from last year or the year before where they had that office competition and spent the whole day creating gingerbread houses? Is that what they are doing up there every day? Baking cookies and getting massages?


 

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