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Author Topic: Unsustainable!  (Read 34599 times)

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Shelma1

« Reply #150 on: April 18, 2014, 10:52 »
+2
I like that, another good idea. Set our own prices.

I'm actually not a fan of setting our own prices. It makes pricing too random and frustrates buyers. We've always heard that buyers like simplicity. iStock buyers have expressed frustration over the years about finding a photo they want and then realizing that it's a $100+ photo when they were more accustomed to images costing $10-20 at iStock. Pricing at a particular site needs to be consistent.

But it can be consistent and better at the same time. I think most of us would be happy with pricing in the range of $10-50, so an agency with that kind of pricing would be pretty well received.

And a big danger with setting your own prices is that people would immediately set out to undercut you to get more sales.


Batman

« Reply #151 on: April 18, 2014, 10:54 »
+2
I agree, $10-20.00 is the sweet spot for micro stock a price range where buyers feel a good value and contributors feel compensated.




My Very Best :)
KimsCreativeHub.com

Paying me $10-20.00 per download would be my sweet spot.

« Reply #152 on: April 18, 2014, 11:06 »
0
Mine too :)


My Very Best :)
KimsCreativeHub.com

Uncle Pete

« Reply #153 on: April 18, 2014, 11:08 »
+1
We already have price competition, the setting your own would be a way to raise things back up a little. The race to the bottom is already being won by Dollar Photos and the latest Sub deal.  ;)

This always seems to come up with the $1 versus $100+ dollars. I guess I've always seen it more as $1 versus $20 or $30. I guess some people might want to price higher though. Really, the only fair way to do it is let people set their own prices and let them fail or succeed on their own decisions.


Odd how the OP got dropped and it became my statement. I just agreed and now I'm King of the Hill? LOL

Oh yes, price confusion, how silly of me. Lets start with simple places like IS. Or all the different programs and ways to buy things on other sites. Someone please, tell me buyers aren't already confused?  ::)

I like that, another good idea. Set our own prices.


I'm actually not a fan of setting our own prices. It makes pricing too random and frustrates buyers. We've always heard that buyers like simplicity. iStock buyers have expressed frustration over the years about finding a photo they want and then realizing that it's a $100+ photo when they were more accustomed to images costing $10-20 at iStock. Pricing at a particular site needs to be consistent.

But it can be consistent and better at the same time. I think most of us would be happy with pricing in the range of $10-50, so an agency with that kind of pricing would be pretty well received.


And a big danger with setting your own prices is that people would immediately set out to undercut you to get more sales.


Additional relevant news:

One of the most important elements for a company to have is what is known as a moat -- some characteristic or feature that separates and protects it from its competitors.

Staples... has a plan to combat its additional industry competitors, but it may only be a short-term fix. The company is planning to shutter upwards of 225 retail outlets by the end of this year, and make online sales its primary focus. This would make sense, at least initially, since almost 50 percent of the sales come from its online store

Read more: http://www.benzinga.com/news/14/04/4471235/staples-vs-office-depot-which-would-you-rather#ixzz2zLOxyo00


Moat = IS with exclusives and SS with a well constructed variety of plans and pricing, including their well received subs plan. What makes any other agency different from the rest of the "me too" agencies?

Ah yes, Stocksy is an exception, and looks positive.

But take your common Microstock agencies. What's the point? Same files, from the same people, same deals and most cases the only thing they try to offer and compete on, is price. Not value or benefits, just bottom dollar, lowest prices.

Lower price, lower commissions, lower income for the artists who produce the work.
« Last Edit: April 19, 2014, 10:03 by Uncle Pete »


 

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