Agency Based Discussion > Pond5
Pond5 membership program experience. Share you income changes after joining it.
Findura:
For comparison, the following situation from real life:
In a city there is a store (the 1) that sells expensive goods under a name known for best quality.
This store (the 1) gives its goods to another store (the 2), which mainly sells food.
(There are huge crowds in food stores almost every day. It's a gigantic marketplace.).
The store (the 2) sells the goods of store (the 1) for half the price and under unknown name.
This is standard in real life. I assume that this is known to everyone.
Does store (the 1) compete against itself when it gives its goods for sale to another store (the 2), which sells these goods much cheaper?
The store (the 1) uses two markets to sell its goods. At least two.
That's the reality. So it has to be profitable. Otherwise it would not be a reality.
In the stock media business, there is also more than just one marketplace.
cascoly:
--- Quote from: Findura on July 17, 2021, 12:06 ---For comparison, the following situation from real life:
In a city there is a store (the 1) that sells expensive goods under a name known for best quality.
This store (the 1) gives its goods to another store (the 2), which mainly sells food.
(There are huge crowds in food stores almost every day. It's a gigantic marketplace.).
The store (the 2) sells the goods of store (the 1) for half the price and under unknown name.
This is standard in real life. I assume that this is known to everyone.
Does store (the 1) compete against itself when it gives its goods for sale to another store (the 2), which sells these goods much cheaper?
The store (the 1) uses two markets to sell its goods. At least two.
That's the reality. So it has to be profitable. Otherwise it would not be a reality.
In the stock media business, there is also more than just one marketplace.
--- End quote ---
there's also the case of selling identical products in 2 different markets with very different prices since we don't have an efficient market.
eg, i sell a product on ebay for $5 since higher prices don't sell, but have sales of identical product for $25 on amazon.
Noedelhap:
--- Quote from: Findura on July 17, 2021, 12:06 ---For comparison, the following situation from real life:
In a city there is a store (the 1) that sells expensive goods under a name known for best quality.
This store (the 1) gives its goods to another store (the 2), which mainly sells food.
(There are huge crowds in food stores almost every day. It's a gigantic marketplace.).
The store (the 2) sells the goods of store (the 1) for half the price and under unknown name.
This is standard in real life. I assume that this is known to everyone.
Does store (the 1) compete against itself when it gives its goods for sale to another store (the 2), which sells these goods much cheaper?
The store (the 1) uses two markets to sell its goods. At least two.
That's the reality. So it has to be profitable. Otherwise it would not be a reality.
In the stock media business, there is also more than just one marketplace.
--- End quote ---
This comparison fails because in real life, there are also things like convenience and travel time to consider: will you go store 1 and pay the full price because it's only a 5 minute walk (short travel time), or will you go to store 2 because although it's a 20 minute drive, it's a huge marketplace where you can get everything you need at once (more convenience)?
In online market places, these factors are negligible. There is practically no real difference in terms of accessibility, so both markets can "visit" both stores and go for the cheapest option.
wds:
You could actually extend the argument and say does a customer really need to have an exact specific image or would they just look for the cheapest image that satisfied their needs?
Visualab:
--- Quote from: wds on July 23, 2021, 13:27 ---You could actually extend the argument and say does a customer really need to have an exact specific image or would they just look for the cheapest image that satisfied their needs?
--- End quote ---
that's point...most of the people here think they are selling white paper...buyers are really picky because not every clip fits their project..composition,light,motion and so on...they have to satisfy their customer and this is more important than save 10$...
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