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Author Topic: Revised targets  (Read 16467 times)

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ShadySue

  • There is a crack in everything
« on: December 22, 2011, 17:45 »
0
Istock have revised their targets downwards.
Felicitations to those who will benefit.  :)


« Reply #1 on: December 22, 2011, 17:50 »
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I will still be going from 18% to 17%, pathetic!!!!!!  Even sites like 123rf and bigstock are starting to catch up

PaulieWalnuts

  • We Have Exciting News For You
« Reply #2 on: December 22, 2011, 17:51 »
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Istock have revised their targets downwards.
Felicitations to those who will benefit.  :)


Here, let me help you with the link

« Reply #3 on: December 22, 2011, 17:53 »
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LOL they moved my next target from 40,000 to 35,000 (-12,5%) but in the meantime my sales are down -50% from previous year.

ShadySue

  • There is a crack in everything
« Reply #4 on: December 22, 2011, 17:54 »
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Istock have revised their targets downwards.
Felicitations to those who will benefit.  :)


Here, let me help you with the link


Whoops  :-[ Tx.

« Reply #5 on: December 22, 2011, 18:16 »
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Congrats to those who will benefit!

I have reached my target for this year, the revision still gives me a more realistic goal to work towards to next year. I am glad that iStock has listened.

« Reply #6 on: December 22, 2011, 18:18 »
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2009: 48 downloads
2010: 336 downloads (1403 credits)
2011: 629 downloads (3476 credits)

what will we have in 2012?

KB

« Reply #7 on: December 22, 2011, 18:35 »
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I have reached my target for this year, the revision still gives me a more realistic goal to work towards to next year. I am glad that iStock has listened.
How is that? These revisions don't imply a thing really about what next year's targets might be.

This year's targets were set the same as the initial targets for last year. I wouldn't be surprised at all to see the same targets once again being used for 2013's targets.

As for iStock listening; sorry, I don't buy that a bit. They have shown far too many times that they don't listen. Whatever reason they had for lowering the targets to these numbers, it had nothing to do with listening.

lthn

    This user is banned.
« Reply #8 on: December 22, 2011, 18:41 »
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I heard the rumor that they soon gonna revise the independent percentage tiers too:

15%
15.1%
15.2%
15.3%
15.3% + a happy meal
15.3% + a happy meal + a krispy kreme donut

the inside source said that after some brainstorming they simply figured the current tiers weren't insultive enough

« Reply #9 on: December 22, 2011, 18:44 »
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this mean that istock has sold less content than the previous year, in particular for photos !!???!!!???
nothing to be happy  :(

ShadySue

  • There is a crack in everything
« Reply #10 on: December 22, 2011, 18:45 »
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this mean that istock has sold less content than the previous year, in particular for photos !!???!!!???

They revised downwards last year too.

KB

« Reply #11 on: December 22, 2011, 18:46 »
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this mean that istock has sold less content than the previous year, in particular for photos !!???!!!???

They revised downwards last year too.
But this year's downwards revisions are larger than last year (i.e., lower).

If they had lowered them to this level last year, I'd be a bit less pissed at them!  ;D

« Reply #12 on: December 22, 2011, 18:52 »
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=
« Last Edit: December 22, 2011, 18:56 by wolfman »

« Reply #13 on: December 22, 2011, 18:55 »
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Congrats to those who will benefit!

I have reached my target for this year, the revision still gives me a more realistic goal to work towards to next year. I am glad that iStock has listened.

Dude if you think they've listened you are dillusional.

A lot of people are experiencing 40% drops since last year and istock reduce some levels 12.5% - do the maths and tell me who's winning in this scenario.

« Reply #14 on: December 22, 2011, 19:12 »
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I interpret it differently. It means that iStock has had a bigger profit margin in 2011 (due to higher prices), so it can afford to let more contributors into higher RC levels and remain "sustainable". I see this as a good sign, and not a doom's day signal.

this mean that istock has sold less content than the previous year, in particular for photos !!???!!!???
nothing to be happy  :(

« Reply #15 on: December 22, 2011, 19:32 »
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Congrats to those who will benefit!

I have reached my target for this year, the revision still gives me a more realistic goal to work towards to next year. I am glad that iStock has listened.

Dude if you think they've listened you are dillusional.

A lot of people are experiencing 40% drops since last year and istock reduce some levels 12.5% - do the maths and tell me who's winning in this scenario.

Yes but they can't possibly admit to just how far sales have fallen can they? It's both commercially sensitive and extremely embarassing for Istock. Expect more of the same in future years. The dam has been breached. The only question now is at what point they'll be able to stem the flow.

« Reply #16 on: December 22, 2011, 20:11 »
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The change means nothing to me. Last year I had almost 45K RCs and this year it looks like I'll be just under 30K. The good news is that it's only from 18% to 17% and sales are so crappy, it matters less and less what happens there.

Why did the illustrators get royally shafted? I read masses of reports of people experiencing large drops in sales and yet all but one level of illustrator stays exactly the same. I know the issue of the real disparities between the media was worked over when this sorry system was introduced, but looking at what it takes to get to the highest level of illustration royalties versus for photos, it's reverse unfairness. You just about double the 40/19% level and you get 45/20 if you're an illustrator, but for a photographer you have to make almost 10x the 40/19% level to get 45/20.

Reminds me of gerrymandered congressional districts drawn in weird and whacky shapes to suit those in power.

WarrenPrice

« Reply #17 on: December 22, 2011, 20:17 »
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The change means nothing to me. Last year I had almost 45K RCs and this year it looks like I'll be just under 30K. The good news is that it's only from 18% to 17% and sales are so crappy, it matters less and less what happens there.

Why did the illustrators get royally shafted? I read masses of reports of people experiencing large drops in sales and yet all but one level of illustrator stays exactly the same. I know the issue of the real disparities between the media was worked over when this sorry system was introduced, but looking at what it takes to get to the highest level of illustration royalties versus for photos, it's reverse unfairness. You just about double the 40/19% level and you get 45/20 if you're an illustrator, but for a photographer you have to make almost 10x the 40/19% level to get 45/20.

Reminds me of gerrymandered congressional districts drawn in weird and whacky shapes to suit those in power.

Are you from Texas?   ::)

« Reply #18 on: December 22, 2011, 20:21 »
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Reminds me of gerrymandered congressional districts drawn in weird and whacky shapes to suit those in power.

Well obviously it is 'gerrymandered' in that the system is precisely designed to produce the outcome that they want. If things change then they simply adjust the targets to suit __ or maybe not, but always in their favour anyway. Heads Istock wins, tails you lose.

« Reply #19 on: December 22, 2011, 20:36 »
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Reminds me of gerrymandered congressional districts drawn in weird and whacky shapes to suit those in power.

Well obviously it is 'gerrymandered' in that the system is precisely designed to produce the outcome that they want. If things change then they simply adjust the targets to suit __ or maybe not, but always in their favour anyway. Heads Istock wins, tails you lose.


-------------------------------------------------------

So true.  Why else would they be adjusting the 40% targets for illustration and flash but not for the other percentages? 

« Reply #20 on: December 22, 2011, 20:37 »
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...
Reminds me of gerrymandered congressional districts drawn in weird and whacky shapes to suit those in power.

Are you from Texas?   ::)

No, but I lived in Austin for 3 years, so I do follow along. That skinny district snaking from Austin to San Antonio caught my attention...

« Reply #21 on: December 22, 2011, 20:45 »
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Istock have revised their targets downwards.
Felicitations to those who will benefit.  :)


Here, let me help you with the link


-----------------------------------------


All the people in the thread thanking Istock for its generosity makes me ill.  It was Istock's decisions that put these folks percentage at risk, so Istock does not deserve any praise for the change.

Note who announced this news?  "iStockHQ"!  Guess nobody there has the guts to put their name out there and take responsibility for the RC system and the grief they will get about it.  

« Reply #22 on: December 22, 2011, 21:17 »
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They probably won't admit bad news, but they have to answer to their bosses and shareholders. If they have lost profits, they will definitely not be handing out candies.

Congrats to those who will benefit!

I have reached my target for this year, the revision still gives me a more realistic goal to work towards to next year. I am glad that iStock has listened.

Dude if you think they've listened you are dillusional.

A lot of people are experiencing 40% drops since last year and istock reduce some levels 12.5% - do the maths and tell me who's winning in this scenario.

Yes but they can't possibly admit to just how far sales have fallen can they? It's both commercially sensitive and extremely embarassing for Istock. Expect more of the same in future years. The dam has been breached. The only question now is at what point they'll be able to stem the flow.

jbarber873

« Reply #23 on: December 22, 2011, 21:18 »
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   Big change downward in the video targets as well. One of the rarely commented on issues at Istock is their antiquated, soviet-era upload system for video, and the insanely long time for reviews. They get woo-yays and fawning thanks from the regulars when the queue gets down to 6 weeks. Non-exclusives can wait 2 months or more, usually more. Meanwhile the other outlets for video are selling better, reviewing in week or less, and make uploading much easier. Given that SS pays better than Istock for non-exclusive video sales, I have been submitting less and less of my content to Istock. But now, with that extra 1%-  woo-yay!

« Reply #24 on: December 23, 2011, 01:12 »
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After talking with iStock about the RC targets, their announcement was a lot more generous than I was hoping for. Overall, 2011 has been a steady year with steady growth. Downloads are down 8% but overall revenue up about 15% and there was some good momentum during the last few months, I hope that is carried into 2012 and beyond..
Biggest change for 2011 has been the introduction of exclusive vetta & agency content to Getty which adds 10% revenue monthly.

I think (and hope) the old dog has some life in her yet.

« Reply #25 on: December 23, 2011, 01:25 »
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I love how 95% of posts thank Istock for their good work at lowering the RC levels.

What a bunch of muppets.

Oh thankyou Mr Bad Man for only stabbing me 5 times in the eye when you promised to stab me 6 times. Here would you like to borrow my rusty knife so you don't get yours dirty ?

Next year Istock could try setting the levels at 120,000,000 for 16% (other levels higher) then at the end of the year revise it down to 2,000. Nobody would be able to move up levels during the year making istock a lot more "sustainable" and everybody will give them massive woo yays for reducing the RC targets so generously.

Has there been any communications from the new Istock manager other than the initial I'm here. What happened with the results of the contributor survey ?

I'd like about another 30% of Istock customers to go to the middle tier sites.

« Reply #26 on: December 23, 2011, 07:17 »
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They dropped gold and silver more than last year but diamond was slightly higher.  I think the increased diamond offsets the lower level for gold and silver.

You know it is not all doom and gloom over there.  I am up 25% on dls from last year and 72.5% on $$s.

« Reply #27 on: December 23, 2011, 09:34 »
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I don't know. They're still boning us illustrators pretty good.  :-\

« Reply #28 on: December 23, 2011, 18:12 »
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You know it is not all doom and gloom over there.  I am up 25% on dls from last year and 72.5% on $$s.

That rather suggests that you have been contributing for about two years and have massively increased the size of your portfolio in percentage terms over the last 12 months. That seems to be the pattern for those who are reporting substantial dl growth. Tell me if I'm wrong.

My RCs are down about 10% on the year and I'm smack in the middle of a band, so no change for me.

I wonder if the 200,000 RC drop for the top level tells us anything about how certain contributors have done...

« Reply #29 on: December 23, 2011, 21:17 »
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if we are forced into the PP why not receiving a few "RCs" from there?

not that I would reach the 17% but it does make sense no?

« Reply #30 on: December 23, 2011, 21:20 »
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it is cents not sense that prevails

« Reply #31 on: December 23, 2011, 22:16 »
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How can you not hate istockphoto?

This is a serious question!

« Reply #32 on: December 24, 2011, 01:35 »
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How can you not hate istockphoto?

This is a serious question!

My best attempt at a serious answer. Those people who are selling well - it appears that exclusives with lots of recent uploads in 2011 would be in that group - are pleased with the results and can look the other way when it comes to the long string of broken promises. Triumph of hope over experience - they hope they won't get screwed the way others who came before them did. If/when the sales slow - they would then be making the higher royalties and then no longer Getty's ideal contributor - perhaps they'll get angry then.

I don't think I'll ever forget or forgive iStock for how they've behaved, but I try (sometimes successfully) not to think about hating them as it messes me up more than anything else and gets in the way of moving on to something healthier and more productive.

« Reply #33 on: December 24, 2011, 04:35 »
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if we are forced into the PP why not receiving a few "RCs" from there?

not that I would reach the 17% but it does make sense no?

a) It's not iStock, it's a different site.
b) It's subscription sales not credit sales
c) If they did that they would have to increase the RC levels to get everything back to where they want it.

RC levels are not about sales, achievement, effort or "targets" they are about ensuring that a certain (unknown, but maybe 80%) percentage of the take is kept by iS. If everybody doubled their sales next year, then iS would just double the credit levels to restore the right percentage, keeping everyone at just the same level as they are today. The only way to go up a level is by knocking someone else down a level next time they reset the levels.

« Reply #34 on: December 24, 2011, 07:31 »
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again you are right :D I was thinking of something like FT ranking system (4 subs = 1 sale)

I dont remember a post/topic of you I dont agree, you are a very wise person, wish you a great christmas and 2012!

thanks for your insight everyday

« Reply #35 on: December 24, 2011, 07:48 »
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again you are right :D I was thinking of something like FT ranking system (4 subs = 1 sale)

I dont remember a post/topic of you I dont agree, you are a very wise person, wish you a great christmas and 2012!

thanks for your insight everyday

Thanks, but I'm just a cynical old ba$tard. Have a great Christmas and New Year yourself.

« Reply #36 on: December 25, 2011, 03:01 »
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Clearly a case of iStockholm syndrome. Worship the monster that bites you. Come to think of it, it's much like North-Korea.

« Reply #37 on: December 25, 2011, 09:33 »
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Clearly a case of iStockholm syndrome. Worship the monster that bites you. Come to think of it, it's much like North-Korea.

I believe you arent talking to me but wanna to make sure that dont remember a bite from BT

lisafx

« Reply #38 on: December 27, 2011, 19:58 »
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How can you not hate istockphoto?

This is a serious question!


My best attempt at a serious answer. Those people who are selling well - it appears that exclusives with lots of recent uploads in 2011 would be in that group - are pleased with the results and can look the other way when it comes to the long string of broken promises. Triumph of hope over experience - they hope they won't get screwed the way others who came before them did. If/when the sales slow - they would then be making the higher royalties and then no longer Getty's ideal contributor - perhaps they'll get angry then.



My daughter has been studying psychology and was explaining the concept of cognitive dissonance to me.   Folks who still think things are rosy at Istock seem to offer a perfect example (from this article http://en.wikipedia.org/wiki/Cognitive_dissonance): 

"Dissonance is aroused when people are confronted with information that is inconsistent with their beliefs. If the dissonance is not reduced by changing one's belief, the dissonance can result in misperception or rejection or refutation of the information, seeking support from others who share the beliefs, and attempting to persuade others to restore consonance. "

I thought this discussion was worth a bump for people who, like me, were so swept up in the holidays that we missed the change in RC credits.   I had no idea, and this thread had nearly fallen off the front page.  Not worth wading through the woo-yays in the Istock forum to get the scoop, IMO.

« Reply #39 on: December 27, 2011, 20:22 »
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I have thought about cognitive dissonance a number of times in the exclusive/independent arguments. I think it goes both ways however lately the number of people who continue to do well at IS seems to be dropping.

People (myself included) tend to look at the data that confirms their decisions no matter what their decision may have been.

« Reply #40 on: December 30, 2011, 09:57 »
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I only just found the announcement too.  I read the thread on the iStock forum and it was a nauseating read.  I find it astonishing that people I know to be intelligent individuals are actually thanking iStock for allowing them to earn the same commission rates as they were on before RCs came about, ie the commission rates that they rightfully earned, often over several years.  iStockholm syndrome indeed, that is an excellent name for it.

RacePhoto

« Reply #41 on: December 30, 2011, 11:24 »
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I have thought about cognitive dissonance a number of times in the exclusive/independent arguments. I think it goes both ways however lately the number of people who continue to do well at IS seems to be dropping.

People (myself included) tend to look at the data that confirms their decisions no matter what their decision may have been.

Yeah if it's not clear, I admire the Exclusives and wish them the best.

A year ago I was considering dropping all others and going exclusive to help make life easy. Then IS started changing things and playing us for dopes, pulling the rug out from under their promises, changing the rules, and changing them again. No thanks, I'm to the point of dropping IS except as Lisa pointed out (wise lady) why not just stop uploading and take the money? OK I'll be doing that.  ;D

Someone else said that at this point with the uncertainty in acceptance and risk, many exclusives would be better off staying exclusive. That makes good sense. For the bold, they can take the risk, drop the exclusive and see if they can make up the difference on the top ten other agencies.

Personally there are only two Microstock agencies. IS and SS. If an exclusive wants to drop the benefits and go make $10 a month someplace else, that's pretty risky business.

In the end it all depends on where people are headed. Long term, top ten is going to make more and have a better stability, but there will be loses for at least a year!

Indy's will be fine without going exclusive, IS killed that incentive to change.

And it's not us vs us, it's US vs THEM!  :D  Independent or exclusive we are all pretty much in the same business and working towards the same goals. We aren't opposing each other except in philosophy or opinion of how to market our images.

« Reply #42 on: December 30, 2011, 13:16 »
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The Diamond estimating he's lost $12,000 because of the RC shift is totally believable.
I would guess few if any IS salaries have also been equally reduced or jobs cut to allow them to remain sustainable, right?
However, at the rate they're going there will soon be nothing left to chop except to make drastic staff reductions in order to keep them at that mystical "sustainability" level.
It is highly advised NOT to apply for employment at Istock in the near future.

« Reply #43 on: January 02, 2012, 11:02 »
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Any idea when the revised targets will take effect?  They reset the counters, but the old targets are still in effect.  There were a couple of threads started over there inquiring about this, but they were immediately locked and referred to Contributor Relations.  It didn't affect me last year so I don't remember how long it took.  It does this year. 

« Reply #44 on: January 02, 2012, 14:42 »
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I met the revised RC target to stay at 19% this year.  But my royalty rate is now showing as 18% for 2012.   :'( ??? >:(  I contacted support to ask why.   

« Reply #45 on: January 02, 2012, 15:53 »
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It really doesnt ever stop with that bunch of amateurs overthere eh?!  >:(
I kept my 17% but am getting payed at 16% right now; oh im sure they'll AGAIN dump a lump sum in my account to correct it... but seriously..........the camel's back is ready to break. Friggen, annoying incompetence.

« Reply #46 on: January 02, 2012, 15:59 »
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I met the revised RC target to stay at 19% this year.  But my royalty rate is now showing as 18% for 2012.   :'( ??? >:(  I contacted support to ask why.   


You're in good company;

http://www.istockphoto.com/forum_messages.php?threadid=339041&page=1

« Reply #47 on: January 02, 2012, 16:44 »
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It really doesnt ever stop with that bunch of amateurs overthere eh?!  >:(
I kept my 17% but am getting payed at 16% right now; oh im sure they'll AGAIN dump a lump sum in my account to correct it... but seriously..........the camel's back is ready to break. Friggen, annoying incompetence.

They still haven't released the 2012 Payout Schedule.  Why was this not prepared long ago?  It's not like the calendar is an ever changing thing. 

« Reply #48 on: January 02, 2012, 22:37 »
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I'm so disgusted at the unfairness of IS's system. I just missed out on staying at 17% but I guess I'm suppose to be feeling soothed that I'm getting cut to just 16% rather than the 15% I was expecting. Still trying to wrap my head around the fact that, by iStocks reasoning, my content is now worth less to me and more to them because they say so.


 

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