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Author Topic: Trending Redeemed Credits. How are you doing?  (Read 11025 times)

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« on: May 10, 2011, 06:06 »
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The introduction of P+ images for independent contributors will undoubtedly have a positive effect on their RC totals by the end of the year and therefore targets may be adjusted accordingly.

Before we see the full effect of P+ images in boosting RC's, thereby distorting the year-to-date trend, it would interesting to hear how other contributors are doing so far in 2011, both independent and exclusive.

To project forward your RC total until the end of the year simply divide your RC total today (10th May) by 4.33 and then multiply by 12. Then divide the projected total RC's for 2011 by actual RC's for 2010 to work out whether you are up or down and by how much.

Obviously there may be some seasonal variation that will not be taken into account but for most contributors I doubt that it will make too much difference.

As it happens my own RC total for 2011 is projected to be 14% down on my total for 2010.


« Reply #1 on: May 10, 2011, 06:19 »
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Mine looks down by 5%.  Of course, I tend to have a really strong Xmas season, so...

« Reply #2 on: May 10, 2011, 06:21 »
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The introduction of P+ images for independent contributors will undoubtedly have a positive effect on their RC totals by the end of the year
You seem a little tooo certain about that. Customers are already upset about having Vetta and Agency files shoved down their throats and yet another increase and price point will only turn them off even more.  As more customers leave my bet is that everyones' total RC's will drop when compared to the prior year.  I don't see anything positive at iStock at the moment.  Any positive effects will be cancelled out by fleeing customers going to other sites.  

« Reply #3 on: May 10, 2011, 06:45 »
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Down 5%

« Reply #4 on: May 10, 2011, 06:46 »
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I'm trending down 7% but the summer isn't here yet so it would probably have ended up significantly worse than that without a Photos+ boost.

« Reply #5 on: May 10, 2011, 06:51 »
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The introduction of P+ images for independent contributors will undoubtedly have a positive effect on their RC totals by the end of the year and therefore targets may be adjusted accordingly.

Before we see the full effect of P+ images in boosting RC's, thereby distorting the year-to-date trend, it would interesting to hear how other contributors are doing so far in 2011, both independent and exclusive.

To project forward your RC total until the end of the year simply divide your RC total today (10th May) by 4.33 and then multiply by 12. Then divide the projected total RC's for 2011 by actual RC's for 2010 to work out whether you are up or down and by how much.

Obviously there may be some seasonal variation that will not be taken into account but for most contributors I doubt that it will make too much difference.

As it happens my own RC total for 2011 is projected to be 14% down on my total for 2010.

You are calculating this the wrong way, for the simple reason you are not taking into account GROWTH of you portfolio. This is especially relevant for people who upload regularly.

We expect to reach ~45,000 RC's WITH taking into account portfolio growth, which is 4.5 times of the RC's we had for 2010 .
« Last Edit: May 10, 2011, 06:53 by aeonf »

« Reply #6 on: May 10, 2011, 07:01 »
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You are calculating this the wrong way, for the simple reason you are not taking into account GROWTH of you portfolio. This is especially relevant for people who upload regularly.


You're right that growth could throw the calculation completely off course but after a certain time uploading just seems to fill in for the effects of aging of files. So this calculation probably works for large, old, active portfolios.

« Reply #7 on: May 10, 2011, 07:01 »
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We expect to reach ~45,000 RC's WITH taking into account portfolio growth, which is 4.5 times of the RC's we had for 2010 .

Actually, my portfolio growth has allowed me to remain relatively in the same place, so the number is accurate.  Adding 2000 new images to IS last year kept March's number for $$$ the same, and downloads down %20.

« Reply #8 on: May 10, 2011, 07:10 »
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You are calculating this the wrong way, for the simple reason you are not taking into account GROWTH of you portfolio. This is especially relevant for people who upload regularly.

We expect to reach ~45,000 RC's WITH taking into account portfolio growth.

For the purposes of this exercise portfolio growth is likely to be fairly inconsequential for contributors who have been in microstock for a few years. It's all relative to the size of the greater market. Obviously it is very significant for relative newbies but, trust me, the growth in your earnings will slow down all too soon!

Even Sean, who has added about 2000 images in the last year (roughly 25% increase to port) has reported his actual sales to have slipped by 20% over the same period. Exclusive contributors may also have benefited RC-wise if they have a large number of Vetta/Agency files. There are also others who were hit hard by the credit-card scam and who 'benefited' from the RC's but not the actual sales. Those are all distortions to the overall picture however, as it is all relative, by not too much.

« Reply #9 on: May 10, 2011, 07:29 »
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5% down but I have virtually stopped uploading there at the moment.

« Reply #10 on: May 10, 2011, 07:54 »
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About 7% down, which can't be good. I'd have to do quite a bit better to go up a notch, although I'd also have to do quite a bit worse to drop back at present RC levels.

If I did drop a level, I'd also drop exclusivity for sure.

I'm still far from certain that the master plan isn't to have the vast majority of exclusives on 20 or 25% before too long.

NONE of this nonsense is in any way beneficial to any of us.

« Reply #11 on: May 10, 2011, 08:12 »
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10% up on last year, which is in line with increase in portfolio size.

note to self, need to upload more.

« Reply #12 on: May 10, 2011, 09:01 »
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We expect to reach ~45,000 RC's WITH taking into account portfolio growth, which is 4.5 times of the RC's we had for 2010 .

Actually, my portfolio growth has allowed me to remain relatively in the same place, so the number is accurate.  Adding 2000 new images to IS last year kept March's number for $$$ the same, and downloads down %20.

Then the sales degradation (amortization of your portfolio )i s only a another variable to throw in to the equation. in your case for example if you would have added 30% more files I guess you could expect a increase in revenue.
My calculations and bussiness plan are based on a 25% sales degredation (RPI) per year. so far my RPI is VERY steady though so everything is going better then expected for us.

As said, the OP's methood is good for old and stagnating portfolios and NOT for high growth portfolios (20% isn't high growth).

« Reply #13 on: May 10, 2011, 09:09 »
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12% down with no new images uploaded since royalty cut

« Reply #14 on: May 10, 2011, 09:13 »
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Down 20%.  I stopped uploading in September and have been deleting nonsellers since then.

« Reply #15 on: May 10, 2011, 09:38 »
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up 69%

RC 2010 1403
RC 2011 860
« Last Edit: May 10, 2011, 09:46 by luissantos84 »

« Reply #16 on: May 10, 2011, 09:57 »
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As said, the OP's methood is good for old and stagnating portfolios and NOT for high growth portfolios (20% isn't high growth).

Lol, yeah, that's me.  Stagnating.

« Reply #17 on: May 10, 2011, 10:00 »
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this aeonf dont exist.. 20% grow is low??

« Reply #18 on: May 10, 2011, 10:20 »
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It means nothing until they release the targets, no?

« Reply #19 on: May 10, 2011, 10:24 »
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Up 69%. My projections put me on the verge of reaching the old 35% target.

So who knows, I might reach it, I might not, they might move the bar higher or lower....I live in a complete uncertainty in this matter. But I sleep well, thanks God I dont rely on this for anything, otherwise i would be a bit nervous.

« Reply #20 on: May 10, 2011, 10:49 »
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... if you would have added 30% more files I guess you could expect a increase in revenue.
My calculations and bussiness plan are based on a 25% sales degredation (RPI) per year. so far my RPI is VERY steady though so everything is going better then expected for us.

As said, the OP's methood is good for old and stagnating portfolios and NOT for high growth portfolios (20% isn't high growth).

*sigh*

Good luck with your 'bussiness plan' then and shame on Sean for stagnating the way he has. You need to teach him more about your methods for success in microstock and stop him stagnating immediately.

« Reply #21 on: May 10, 2011, 11:00 »
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I'm up about 10%, but last year the fall season dropped like never before, in spite of the "Half of our RC's come in the last 4 months" comment. So really, I'm about the same as last year. With about 30% port growth.

« Reply #22 on: May 10, 2011, 11:17 »
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Down 15%

I have only uploaded some editorial images this year so far though, so not much portfolio growth. I have a lot of stuff I haven't uploaded because of the many bugs (with aRGB images and new stuff getting buried).

Typically the last 3 months of the year are very strong for me, but as this best match change has been horrible, I'm not all that optimistic at the moment.

lisafx

« Reply #23 on: May 10, 2011, 12:23 »
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I'm projected to be down 15% too.  Still on track to keep my royalty level as long as they don't move the target, but not by as comfortable a margin as last year.  

I only uploaded 1k images last year, so I am "stagnating" even worse than Sean.   ::)

Must say, I am envious of people who feel they can continue to grow their portfolios by 30-50% or more year on year, even when they have 10's of thousands of images.  I'll have some of what you're smoking please... :D

Of course if we all DID grow our ports by 50% each year, that would massively increase the dilution problem, so we still might find ourselves with the dreaded "stagnation".  Or to put it another way - "unsustainable".  

« Reply #24 on: May 10, 2011, 12:46 »
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18% down. My port has 100% stagnated since the commission drop announcement. Unless there are some drastic changes to the RC targets I'll still end up in the same low % category.


 

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