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Author Topic: PP Sales October 2013 started  (Read 19190 times)

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« Reply #100 on: November 14, 2013, 11:11 »
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« Last Edit: May 12, 2014, 01:01 by Audi 5000 »


« Reply #101 on: November 14, 2013, 11:21 »
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I know the rate schedule, but nowhere does it say anything about the size of the to be expected 360 downloads. And everyone in the PP thread is wondering about the unusually higher royalties, I understood Lobo that these sales were from 360.

Why should they be higher? We cannot see the prices that the customers pay. I wouldt mind if they are higher, but it all seems very confusing.

« Reply #102 on: November 14, 2013, 11:24 »
+9
I hope they have managed to get all these sales from IS and Getty rather than somewhere that paid a better percent. If there isn't something equivalent for exclusives coming along that is a tough blow.

From what one reads, the sums we are now getting on PP would not be considered very good by exclusives, it's just that expectations are so low among indes. What this has done for me this month is compensate for the loss in earnings from the commission cuts a few months back, putting me back where I was. But the total is still significantly below what I was getting a few years ago.  I'm going to end up 10-35% below the same month last year and 20-30% below October 2011, so while it's better than a boot in the face it isn't really something to be deliriously happy about.

« Reply #103 on: November 14, 2013, 11:27 »
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« Last Edit: May 12, 2014, 01:01 by Audi 5000 »

« Reply #104 on: November 14, 2013, 11:30 »
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« Last Edit: May 12, 2014, 01:00 by Audi 5000 »

« Reply #105 on: November 14, 2013, 12:27 »
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chit-chat, but the balance keep growing :)
for me it's now on October 28th so it'll be end soon.

« Reply #106 on: November 14, 2013, 12:43 »
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I know the rate schedule, but nowhere does it say anything about the size of the to be expected 360 downloads. And everyone in the PP thread is wondering about the unusually higher royalties, I understood Lobo that these sales were from 360.

Why should they be higher? We cannot see the prices that the customers pay. I wouldt mind if they are higher, but it all seems very confusing.
They should be higher or lower probably not exactly the same numbers like $24.02, $3.96, $39.84.  You would expect numbers that don't exactly match the ones on PP rate schedule like the ones that happened last month.  If those were Getty 360 sales the buyer would have paid $160.13, $26.40, and $265.60.

got a 39.84$ on October 22

« Reply #107 on: November 14, 2013, 12:50 »
+13
Something doesn't add up for me in all this.

My 'PP sales' are on target to be almost double my royalties from Istock last month or roughly equivalent to my earnings from DT and FT combined. Where has all this 'new business' come from almost overnight?

The sales from which these PP royalties are derived must be in the tens of millions of dollars (annually it could be the equivalent of a new agency with $100M in sales revenue). How is it possible that the market for our work has apparently grown so much so quickly? It is not as if anyone is reporting an equivalent fall in their earnings elsewhere.

Could this be an error or could it be that historic under-reporting has been discovered and is now being corrected? If so why would these new sales be so evenly distributed throughout the month? It is all very strange.

« Reply #108 on: November 14, 2013, 12:56 »
+2
I hope they have managed to get all these sales from IS and Getty rather than somewhere that paid a better percent. If there isn't something equivalent for exclusives coming along that is a tough blow.

From what one reads, the sums we are now getting on PP would not be considered very good by exclusives, it's just that expectations are so low among indes. What this has done for me this month is compensate for the loss in earnings from the commission cuts a few months back, putting me back where I was. But the total is still significantly below what I was getting a few years ago.  I'm going to end up 10-35% below the same month last year and 20-30% below October 2011, so while it's better than a boot in the face it isn't really something to be deliriously happy about.
Yep, 50% or 250% up is not very much.  PP RPD is 5-10% of my regular iStock sales.  We also get GI sales which have an RPD of 15-30x more than the PP.

I guess I was saying that if the indy take is doubling (to put it in longer term perspective up to a small drop instead of a colossal drop) and the exclusive take isn't then it represents shifting sales from somewhere to indy sales. It is worth remembering on a regular basis how hard indies are screwed by IS. 

I am quite curious where these sales are coming from - are they transferred from previous Getty customers, other microstock sites (I would think there would have been a more dramatic drop elsewhere), new customers, previous IS customers. It is odd that it seems to have basically started Oct 1.

« Reply #109 on: November 14, 2013, 13:03 »
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We are all suspicious, but maybe Istock did make a wise business move. They may have invested in Photos.com and Think stock, maybe they have opened new gates for distribution for indies, or maybe they just realized that they just can't screw independent contributors any longer to survive (see the cancellation of upload limit as the first step)...

I've been seeing an increase in PP sales for some months already, since spring this year I guess, but October broke all the records indeed.

« Reply #110 on: November 14, 2013, 13:04 »
0
Something doesn't add up for me in all this.

My 'PP sales' are on target to be almost double my royalties from Istock last month or roughly equivalent to my earnings from DT and FT combined. Where has all this 'new business' come from almost overnight?

The sales from which these PP royalties are derived must be in the tens of millions of dollars (annually it could be the equivalent of a new agency with $100M in sales revenue). How is it possible that the market for our work has apparently grown so much so quickly? It is not as if anyone is reporting an equivalent fall in their earnings elsewhere.

Could this be an error or could it be that historic under-reporting has been discovered and is now being corrected? If so why would these new sales be so evenly distributed throughout the month? It is all very strange.

Well, I really don't know, but in previous months tey were pushing very hard TS in the Getty's main page (don't ask me way they want to re-directed getty well paying customers to TS...)

« Reply #111 on: November 14, 2013, 13:07 »
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I wonder if also a number of 1 year subs have expired and the buyers realized that for the number of images they used it made more sense to go with image packs or some other deal where individual images sales yield more $ for the photographer.

ShadySue

  • There is a crack in everything
« Reply #112 on: November 14, 2013, 13:23 »
+1
I know the rate schedule, but nowhere does it say anything about the size of the to be expected 360 downloads. And everyone in the PP thread is wondering about the unusually higher royalties, I understood Lobo that these sales were from 360.

Why should they be higher? We cannot see the prices that the customers pay. I wouldt mind if they are higher, but it all seems very confusing.

All I can say is that I got $50, which as my rate was 20% means the buyer paid $250 for a file they could have got at S rate on iS.

ShadySue

  • There is a crack in everything
« Reply #113 on: November 14, 2013, 13:26 »
+2
We are all suspicious, but maybe Istock did make a wise business move. They may have invested in Photos.com and Think stock, maybe they have opened new gates for distribution for indies, or maybe they just realized that they just can't screw independent contributors any longer to survive (see the cancellation of upload limit as the first step)...

I've been seeing an increase in PP sales for some months already, since spring this year I guess, but October broke all the records indeed.

Or maybe they're trying to persuade exclusives to leave exclusivity.

Ron

« Reply #114 on: November 14, 2013, 13:26 »
0
Something doesn't add up for me in all this.

My 'PP sales' are on target to be almost double my royalties from Istock last month or roughly equivalent to my earnings from DT and FT combined. Where has all this 'new business' come from almost overnight?

The sales from which these PP royalties are derived must be in the tens of millions of dollars (annually it could be the equivalent of a new agency with $100M in sales revenue). How is it possible that the market for our work has apparently grown so much so quickly? It is not as if anyone is reporting an equivalent fall in their earnings elsewhere.

Could this be an error or could it be that historic under-reporting has been discovered and is now being corrected? If so why would these new sales be so evenly distributed throughout the month? It is all very strange.

I wonder where my 2 sales for 40 dollar fit in. I do think you have a point, but my sales are quite unexplainable.

ShadySue

  • There is a crack in everything
« Reply #115 on: November 14, 2013, 13:33 »
0
@tickstock

what does getty360 have to do with price? I thought the program was for super special customers who would obviously be getting super large discounts. and lobo confirmed these sales where from 360.


http://www.istockphoto.com/forum_messages.php?threadid=357474&messageid=6956574


I didn't read that as suggesting the sale were Getty360.
In reply to: "Royalties from Getty Images 360 will be reported monthly under the Getty Images category in your stats."
Lobo said the reporting had changed: "It did change. GI 360 is being reported under PP sales."
He didn't say it was being reported 'at the same time as' PP.
Prepositions seem to be everything at iS.  ::)

« Reply #116 on: November 14, 2013, 13:50 »
+2
I am no longer familiar with the subtleties of istock communication. Anyway, I am happy to see money coming in, but like others I am curious about what really happened. If they signed on some new companies, they must have signed up several extralarge cooperations. What is being reported here is a huge increase in sales.

What about the exclusives that still have files in the pp. What are they saying?

« Reply #117 on: November 14, 2013, 13:52 »
0
Something doesn't add up for me in all this.

My 'PP sales' are on target to be almost double my royalties from Istock last month or roughly equivalent to my earnings from DT and FT combined. Where has all this 'new business' come from almost overnight?

The sales from which these PP royalties are derived must be in the tens of millions of dollars (annually it could be the equivalent of a new agency with $100M in sales revenue). How is it possible that the market for our work has apparently grown so much so quickly? It is not as if anyone is reporting an equivalent fall in their earnings elsewhere.

Could this be an error or could it be that historic under-reporting has been discovered and is now being corrected? If so why would these new sales be so evenly distributed throughout the month? It is all very strange.

My sales haven't increased, they are still in exactly the same narrow range they have been all year, what has changed is that the RPD has almost doubled. That suggests that the market for the work hasn't changed, but the price being paid for the work has.
How could that be? Has the TS price changed? Has there been a major drive to convince clients who were on subs that credit packages make more sense? I don't know, but perhaps someone out there has had experience of a change in Getty tactics for TS over the last couple of months.
If this is a sign that there has been under-reporting in the past then my portfolio indicates that it would be under-reporting of the value of sales, not the volume of sales. But maybe others are actually seeing an increase in dl numbers, too.

« Reply #118 on: November 14, 2013, 14:27 »
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My PP earnings almost equal my iStock earnings for October...typically they are maybe 15-20% of my earnings. Is this in error? I hope not, but we've all seen iStock take money back before

« Reply #119 on: November 14, 2013, 14:36 »
0
My PP earnings almost equal my iStock earnings for October...typically they are maybe 15-20% of my earnings. Is this in error? I hope not, but we've all seen iStock take money back before

When did Istock take money back ?

« Reply #120 on: November 14, 2013, 14:41 »
0
My PP earnings almost equal my iStock earnings for October...typically they are maybe 15-20% of my earnings. Is this in error? I hope not, but we've all seen iStock take money back before

When did Istock take money back ?

After credit card frauds over Chrismas, was one instance.

« Reply #121 on: November 14, 2013, 14:55 »
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« Last Edit: May 12, 2014, 01:00 by Audi 5000 »

« Reply #122 on: November 14, 2013, 15:09 »
+2
Seeing all of these oh yeah numbers for non-exclusives makes me feel left out.

JJ, the non-exclusive jump is a difficult one to make. Seven months in and I am still a ways from making what I did as an exclusive. And when you add up that consistent monthly shortfall, it is a lot. If/when I begin making more as a non-ex, it will take significant time to cover that loss and consider the move a net positive financially. (There are of course peace of mind and other aspects that contribute to a broader "bottom line".) Don't give up exclusivity lightly if earning money is a key reason you sell stock!

Now, that said, HOLY CRAP! Partner Program is blowing up and thank goodness for that. In October, PP swamped what I made everywhere else, including iStock proper as a non-exclusive. October was my BME as a non-exclusive, and only 30% below my best month as an IS exclusive this year.

As a non-exclusive, PP has been welcome and valuable to my overall monthly income. I hope Getty is on to something (oh, not that word)... reliable. I would love to see this stream of income in the PP continue it's solid trend.
« Last Edit: November 14, 2013, 15:21 by BrianM »

« Reply #123 on: November 14, 2013, 15:51 »
0
Something doesn't add up for me in all this. Where has all this 'new business' come from almost overnight?

The sales from which these PP royalties are derived must be in the tens of millions of dollars (annually it could be the equivalent of a new agency with $100M in sales revenue). How is it possible that the market for our work has apparently grown so much so quickly?

It is all very strange.

Didn't you hear? iStock recently hired Fed chairman Ben Bernanke.

 8)

Ron

« Reply #124 on: November 14, 2013, 15:55 »
+1
Its my RPD. I have the same amount of sales as September, but still less than May Juny Juy August. I had an RPD of about 0.30$ on PP, this month it's 5.22$. I have a decrease of volume of 50% but an increase of RPD of 1700% lol :D Factor 34


 

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