MicrostockGroup Sponsors


Author Topic: Pond5 membership program experience. Share you income changes after joining it.  (Read 9555 times)

0 Members and 1 Guest are viewing this topic.

« Reply #25 on: July 17, 2021, 12:06 »
+1
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.


« Reply #26 on: July 18, 2021, 16:24 »
0
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.

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

  • www.colincramm.com

« Reply #27 on: July 23, 2021, 12:38 »
0
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.

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

« Reply #28 on: July 23, 2021, 13:27 »
0
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?

« Reply #29 on: July 24, 2021, 08:20 »
+1
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?
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$...

ShadySue

  • There is a crack in everything
« Reply #30 on: July 24, 2021, 09:48 »
0
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?
Depends on the customer. You can see in the end results, printed or online, that some go with the cheapest, or satisfice with one from the outlet where they have a subscription.
Or maybe time is money: for example some Alamy buyers only look at one page, some scroll through thousands of images to get what they want.
For higher end buyers, it's better to more closely match what they need, even if it means paying more.


 

Related Topics

  Subject / Started by Replies Last post
49 Replies
12432 Views
Last post March 05, 2016, 04:12
by KnowYourOnions
29 Replies
27849 Views
Last post March 08, 2016, 05:11
by KnowYourOnions
45 Replies
23470 Views
Last post May 18, 2016, 03:10
by increasingdifficulty
61 Replies
17897 Views
Last post June 03, 2016, 03:46
by Daryl Ray
8 Replies
6538 Views
Last post May 25, 2016, 00:57
by BlackJack

Sponsors

Mega Bundle of 5,900+ Professional Lightroom Presets

Microstock Poll Results

Sponsors

3100 Posing Cards Bundle