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Author Topic: Pricing photos on P5  (Read 2669 times)

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« on: June 07, 2020, 08:48 »
0
Hello:
How do you price photos on P5?  Photos available from other stock agencies and photos exclusive to P5? Almost all of my pics are high rez-6000x4000. 


Snow

« Reply #1 on: June 07, 2020, 09:22 »
+1
Hello:
How do you price photos on P5?  Photos available from other stock agencies and photos exclusive to P5? Almost all of my pics are high rez-6000x4000.

I just started uploading a few images there as well. Standard is $5 but I set them to $10 with auto pricing lower sizes so that makes: 10 / 8.5 / 7 / 5.5
I think we cannot go below the 5 dollar threshold which is a good thing.

Will we make sales? who knows but at least if we do make sales we get to keep 50% which is the best in the industry as far as I'm concerned.
There's people selling their 4k clips there for 25 bucks so they too are driving this business to the ground. Why on earth would you sell at a lower price then SS or AS anyway???

As far as contributor friendly goes to me this place is miles above the rest.
We get to set up a proper profile with even a contact button (which we know other agencies dislike)
I'm uploading at very good speeds. There's extended editing on your work with a convenient layout. And of course you set your own prices.
And last but not least their contributor support is one of a kind (my experience so far)

Truth be told I haven't made a single sale there but to me it's the best Microstock agency out there. I wouldn't even call them Microstock since they are so different from the rest.
But like we had GLstock in the past when we see no immediate result we tend to support the greedy competition and eventually get back to our current situation.
We'll see what Adobe does but it has been way too quiet and I'm not so sure they are a good replacement for SS. I think P5 could (should) be the way forward since we have more control over our work. If plenty of us would move towards Pond5 then I think P5 could be a lot more successful in selling images then they are now, which is practical zero right?

Besides P5 I am also with AS, AL and 10c but that's it. I started with more then a dozen, lost a few hundred dollars by quitting them, no regrets though and would do it again!

« Reply #2 on: June 07, 2020, 09:37 »
0
I suggest $15 for photos. My strategy is that if something sells i keep increasing the price of that file little by little

« Reply #3 on: June 07, 2020, 09:39 »
+1
A full resolution file for $10 or 15 is way below prices available from Alamy, SS and many others.  I will not set lower prices.  I want to set fair prices for buyers and fair commissions for me.  Search P5 as buyer and see the great variety of prices.  Many way too low or too high.  IMHO...

Snow

« Reply #4 on: June 07, 2020, 10:17 »
0
A full resolution file for $10 or 15 is way below prices available from Alamy, SS and many others.  I will not set lower prices.  I want to set fair prices for buyers and fair commissions for me.  Search P5 as buyer and see the great variety of prices.  Many way too low or too high.  IMHO...

Well I'm open to suggestions. What is the price for a single full resolution image at AS and SS?



« Reply #5 on: June 07, 2020, 10:24 »
0
They seem to discount anyway.  So I price them at 10 or more. 

« Reply #6 on: June 07, 2020, 10:27 »
+4
I originally had my photos set at $15 but some time ago they had a promotion where they sold at less than the set price so I put mine up to $20 to compensate. Don't get many sales but when I do at least it doesn't feel like I am being robbed.

« Reply #7 on: June 07, 2020, 12:03 »
0
Go take a peek at prices for buyers on Pound5, SS, ALAMY, getty do not take my word.  Pound5 lists Disney and CNN as clients. I think big agencies like that would not buy a 5 dollar image.  They expect to pay a lot more..

« Reply #8 on: June 07, 2020, 13:47 »
0
What about image credit? Do you leave it blank?

« Reply #9 on: June 07, 2020, 15:13 »
+2
Let me first say that I have only videos on P5 but my strategy with pricing those is as follows:
Never let size dictate price, it is irrelevant and I think this is one of the few things that Getty understood and got right.

You are competing on a very tough market where all the actors are offering very low subscription prices (or even free) so you have to be aware of that situation. 5-20$ should be right for very "common" images that are available everywhere. For a red apple on a white background, two businesspeople handshaking, a beautiful generic forest, a grungy background,etc ....don't overprice as you might get lucky a few times but it is not a good strategy to get consistent sales and those generic images should play more on sell high volume at low prices than the contrary.

Now if you have unique images that you know for sure they cannot be found elsewhere I would put those exclusive on P5 and ramp it all the way up to 99-399$ ( a lucky shot, unique editorials, very high production value images,etc). 

Let me explain an anecdote that happened to me in a short time after I left the Rights Managed collection of Getty as I was angry about their low prices. A client approached me a short time after that he had an image ( very expensive to create) on a Getty lightbox that they wanted to use for a book cover, and was told by the agency support to contact me directly as they did not represent more my images. They first wanted to pay me 500$ at most for exclusive rights in perpetuity for the image and similars. Of course I was not interested at all and we begun negotiating. The final result was a 2000$ sale for exclusive use for 2 years only in the editorial market.

A few weeks later another client contacted me in a similar way but this time it was for a very mundane shot of chameleon on white background. I asked for 400$ and never heard back.

It is tough to decide when to price high or low but scarcity of alternatives should be your biggest incentive to price way higher once you have researched that image and know there is no competition for it. But those are usually only a minority of our portfolios.

Think also that ranking is also important and once any of your images gets traction it is much easier to slowly rice the price and stop if you see a dip. So don't overprice at the beggining as it can drop your work into the darkness of low results in searches and that is the death of any generic content.

But again, P5 is not an agency yet that sells a lot of still images......I hope this will change some day. Remember that 40-60% of 10$ is still much more than those 10c-40c or less that Getty and Shutterstock.

Hello:
How do you price photos on P5?  Photos available from other stock agencies and photos exclusive to P5? Almost all of my pics are high rez-6000x4000.

wds

« Reply #10 on: June 07, 2020, 15:44 »
0
I haven't had luck with P5 selling stills.
« Last Edit: June 07, 2020, 21:34 by wds »


 

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