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Messages - cobalt
5126
« on: July 15, 2011, 18:25 »
I am only thinking of removing files from searches that dont sell (after 3,4,5, years) Just like you suggested to purge old portfolios. These would be automatically transformed into nearly 100% "personal portfolios".
The artist can then return if he wants to and add new content.
Maybe even have the possibility to add an old file to the main collection if suddenly it starts to sell again.
5127
« on: July 15, 2011, 17:54 »
"I think that the size of the collections is irrelevant if you have great search tools."
Id love a best match that is intelligent and learns buyer behaviour. If the buyer prefers cheap files, give him best match results with 80% cheap files, if money is no problem, increase higher priced content. If the software detects similar buying patterns between two customers, show each of them the files the other has bought like..."other customers also bought these files"...but you dont have to point them out in a special page. just add them to the mix.
Obviously add regional data etc...but I think many sites already do that.
So I agree that great search tools can handle many more files. maybe a combination of both - great search engine and personal portfolios could be combined.
Maybe then files wouldnt have to be removed from the site at all.
5128
« on: July 15, 2011, 17:37 »
"I like the idea of an agency having both public and private collections although I'm not sure how I'd actually make use of it. "
Well, for instance all the artists that shoot "lifestyle" or business. every year they have to create similar images of business teams, families having dinner, just to make sure the models are dressed in the latest style of clothes, hairstyle, home design and using the latest electronic gadgets.
Some images maybe so generic that they hav a very long shelf life (teenagers in jeans and T shirt sitting in a group and chatting) but other will look very dated after 3 years (mobile phones that look like bricks).
So when they stop selling you can still have them in your portfolio if you want them. Maybe a customer needs an older style (80ties revival party, insurance targeting seniors). If the buyer is loyal to you or likes how you shoot they will want to look at all your files first.
On the other side there are specialists, for instance someone who collects images from all the butterfly species of the world. With correct terminology, description etc...They would always just have a percentage of their files in the main collection (maybe the most beautiful, eye catching butterflies) but they wcertainly attract loyal buyers. If their slow selling files are removed their portofilio is weakened. Some very exotic, rare butterfly may only be bought once every 10 years. But the specialist will have it, the customer is happy he can find a real expert.
This also works for someone who shots landscapes or specializes in images from a certain region (traditional clothing, food, houses). They can happily shoot their region in all seasons, have images from all the festival (editorial, even video) but only a part of the portfolio will be in the main search. But over many years the personal portfolio can be properly developed with a lot of attention to detail. A large personal portfolio encourages to develop your own style, it will be less generic.
The agency then has more specialized, regional content they can add to galleries and lightboxes to promote to different customer groups.
etc...
5129
« on: July 15, 2011, 17:02 »
Hi together,
I thought Id start a thread about the future. It wont be long and all the sites will have 100 Million files of all kinds of files types. How can this be organized? What is the best strategy for the buyer, the contributor, the agency?
Different agencies will come up with different strategies, but since we all face the same problem, I wonder if the community can add some brain power and ideas that might be beneficial for everyone.
We all know there is an oversupply of images and a lot of duplicated content (how many red roses on white do you need?). At the same time, contributors who want to offer a "complete" range of files in a certain subject to strengthen their profile and attract loyal buyers, dont like to have their shooting subjects limited because it is already on the site (but I want my red rose on white in my portfolio!). Buyers want an efficient search that is fast and gives results that are adjusted to their personal preferences (ideally search engines learning their taste, not having to turn a lot knobs and dials/buttons and sliders).
It is a difficult challenge.
Gettyimages just announced changes to their contract that will even allow RM content moved to RF if it doesnt sell (something I agree with and have signed the contract). On istock, I can move my slow sellers into the partner program and even deactivate them from istock altogether. Again something I support. We also have a dollar bin, although we cant add to it at the moment.
I dont know what other sites do, maybe someone can explain what their strategies are.
Personally I would propose to just separate the main collection from the personal portfolio. Files that dont sell over a given time frame should be removed from the main collection. Just like the dollar bin files are no longer visible in the search. However they could stay in the artists personal webshop, if he or she wants that. Or offer the possibility to remove and go to a different site.
Allowing the artist the freedom to handle his own portfolio is very motivating and helps to develop your own style and create a loyal following of buyers. The artist can also promote this personal portfolio through social media networks and his website. If the content gets spread around over many different sites, it becomes much harder to create a follwoing as an artist. Especially if some sites dont even show the name of the artist (or even attribute a wrong one).
I think you could easily remove 30% of files from the main collection, if they can stay in the artists portfolio. You could also add "Contributors choice" options for files that the artist thinks have to stay in the main collection. On istock E+ could serve that function.
A system like that can handle very, very large volume of files. If the non sellers are always removed from the main collection every three years, the collection would probably be very trim and up to date. You could even keep it roughly at the same files size. The personal portfolio can keep growing and the non sellers can also be added to another sales outlet if necessary. I mean how many pictures can you shoot over a lifetime? 30 000? Ive seen personal portfolios of that size, for a private portfolio, that isnt a problem. It would be the same like having your own webshop embedded in the agency.
What do you think??
5130
« on: July 15, 2011, 15:46 »
Hi Stacey, just wanted to add one more thing about the PP Programm. Of course, It only makes sense if the pp Program focusses on subscriptions. I just remembered that some people heard that the PP programm was a good place for the buyers who want cheap files to go and that by focussing istock on the high quality content V/A they knew they would have to sacrifice "cheap" buyers. If this means they are promoting PP sites for Pay as you go and hoping customers who dont like the high prices on istock will go to PP - that makes no sense whatever. Why on earth would you want to lose traffic from istock?? When customers are not happy with istock - where will they go? The competition of course. Shutterstock, Dreamstime, Fotolia. These sites are well established and have a good market presence. PP sites are new, making them known internationally will take years and cost a lot of money. If this is the intent, then I am not suprised that the agency needs more money. Promoting and marketing many different sites and brands running parallel must be very expensive. At the same time the competition is not diluting their efforts and focus on mainly one (or two) sites. http://siteanalytics.compete.com/istockphoto.com+shutterstock.com+dreamstime.com/Looking at the stats customers left istock and proportionally and in the same time frame signed up with other well known sites. Now that Shutterstock has overtaken istock, what is going to stop them from offering a V/A programm of their own? Usually on the internet companies strive to become the total 800 pound gorilla (amazon, itunes, ebay). Amazon offers a lot more products than we have files on istock. There must be other things you can do with the user interface to manage the rising number of files. Moving low sellers to a subscription site makes sense, but encouraging pay as go customers to leave istock and split the traffic - this I dont understand. Customers want a one stop shop. Two payment models, two sites. They could probably ad a "getty" area on istock showcasing selected high quality collections, like they have for video and vectors and it would work well. It would all be on the same site. Focussing on a small buyer group makes you very vulnerable. if they want to get rid of the low sellers and unclog the search they could also just remove them from the general search but offer to keep them in the artists portfolio if the artist wants them there. The main collection could be more a showcase for the most successful work, the artists webshop however could have more files including outtakes from the series. This would be an easy way to keep the main collection fresh, while giving the artist the control over his own portfolio and helping him to develop his own group of buyers who like his or her style. I hope the price slider and best match changes bring our customers back. If Dreamstime and Fotolia overtake us...that would be sad. But istock is a very dynamic company, they experiment and try things and learn. Over the years theyve tried so many different strategies and they always corrected their mistakes. As an exclusive I hope they take their dominant position in the market back.
5131
« on: July 15, 2011, 14:18 »
I would also recommend a photography class with real people. You need to practise how to shoot, how to light, how to set up your equipment. An online class is good for photoshop.
Once youve signed up with an agency you can ask around in the forum to see if there is another newbie in your area that you can team up with.
Learning stock is great fun and even if after a year you decide you want to go back to shooting flowers and family, you will have learnt a lot. It certainly forced me to become a much better photographer.
5132
« on: July 15, 2011, 13:35 »
"The good news is that Istockphoto are planning an overhaul of the upload system.The present one is too slow."
Really? I use DeepMeta and uploading is a breeze. (Deepmeta is a free program that helps you keyword and upload files).
What are they going to change? Do you have a link?
5133
« on: July 15, 2011, 13:34 »
You can take an istock release and just remove the istock name and logo. That should give you a generic release. many photographers use the istock release but add their studio name on top.
They are pretty strict with keywords. have you tried discussing some rejections in the keywordforum? or maybe just read there to get a feeling how they want an image keyworded. You dont need many keywords anyway, I usually add less than 15 keywords and very often less than 10.
5134
« on: July 15, 2011, 05:16 »
The landscape with the hot air ballon is the only one with a real commercial value IMO.
Stock is not about what you like, but what the customers need and will pay money for. How is a car dealer going to advertise with these images? Or a bakery? Or an insurance company?
You can collect ads in newspapers to see what commercial images look like.
Because stock is very competitive you need very good equipment and professional skill set to make money. If there is a photography school near you, I suggest you take as many classes as you can in studio lighting, portrait, photoshop. Ideally enroll in a program for commercial photographers.
Also if you know photographers volunteer to assist in as many shootings as you can. Weddings are good to practise professional lighting under very difficult conditions. In the beginning you will only be allowed to hold the reflector, but maybe they let you take some additional shots.
The skills you learn while assisting will help you when you set up your own shootings.
The biggest difference between stock and photography as a hobby is that a stock image is preplanned and intentionally composed. You don't walk around with a camera and just shot what you see.
It starts with researching what images are already available in a subject you are interested in. Then you have to find a niche or a series of images that you think is missing in that field. You can make drawings of an image series, to get a first idea about useful image composition.
Then you scout the location, decide on the best time of day to shoot. Maybe take test shoots to check the light. You think about how much artifial light you want to bring to the set, reflecters, light formers, speed lights or strobes...You have to find the models, decide on the clothes and style they should were, how to do the make up. What props will you need? Chairs, table, Food, books, computer?
And then what is the best way to arrange all that?
What aperture do you need? Which lens? Maybe a lens baby or special filter? How many assistants to help you with the shoot?
Then you shoot.
Then you pack it all up, thank the models, put the furniture back, go home.
Next day: download images to your computer. Identify usable files for a series. Postprocess for a few days or two days...and then...keywording, uploading and any on site descriptions, lightboxing, image links...
And so on.
Commercial photography is very hard work.
Even if you don't shoot lifestyle and just want to do landscapes or food, or flowers, there is a lot to thtink about, to prepare, to organize, to learn.
I love doing it, it is fun. But it isn't for everyone.
So good luck with your journey :-)
5135
« on: July 15, 2011, 00:59 »
Dont feel sorry. There is a lot of confusion around the pp program and although they keep saying that best match is a secret, we at least need to know who the main target group of buyers is, so that we can adjust our image production.
Especially because we are now integrated into the Getty umbrella with many,many different sites and collections that members need more direction and clear communication in what to produce or what is the best way to spread content over the different sites.
Feels good to derail a thread without having to feel bad for taking it off topic :-) At least for a few posts...it is fun to be a normal contributor ;-)
5136
« on: July 15, 2011, 00:18 »
Hi Stacey,
I may be a former inspector and moderator but I never had any insight into marketing plans, best match secrets etc...on that front I had to make my own educated guesses, just like all other members...however, because I see how hard people are working on the different admins teams, I maybe have more trust in their actions than the average contributor.
What happens when all content is duplicated on the PP, which is a different site than istock? Well what about the independents spreading their files over all the different stock sites?? If subscription and cheap files was all the buyers wanted, all pay as you go sites would have folded a long time ago. IMO.
I think the key lies in the istock marketing. If they promote pp sites more than istock and add an attractive pay as you go package, then pp becomes a threat. But why should they do that?? It is expensive to move traffic, if the buyers are on istock, why should they encourage them to leave?
The day I feel that pp is threatening my income, I will pull my files, thats for sure. For now I dont see it, also because different files are bestsellers there. Many files that never had a sale on istock or were slow on istock are selling on pp. Just like some files "awoke" in the dollar bin and now have flames.
I think having several sites and moving content around is a good way to deal with the oversupply of files. For instance I can think of some kind of time based program to move content. Something like: what doesnt sell on getty as RM even once - goes to getty RF. What doesnt sell on getty RF even once goes to istock (or jupiterimages or punchstock) . What doesnt sell on istock in 3-5 years even once goes to pp...or the dollar bin.
Of course I would prefer if the contributor always had the choice in that. But when files dont sell over a really long time, they might do better on a different site. How much time? That will depend on many things.
I already deleted many files from istock when I put them into PP and even when I upload new files I might decide to put some weaker images or outtakes straight into PP.
So for me it is a useful system. At least in principle.
I do see a risk that because the contributors get a lower percentage on pp than on istock, that there is a possibility that the agency may benefit more than the contributor if a customer signs up there instead of istock.
But the pp sites dont have the V/A content. And I think these files are extremely valuable in boosting revenue. So I think marketing will always try to bring customers to istock or Getty first (where the prices are even higher).
I am not against having "luxury collections" or different price points on istock. I just have a problem with the way they were dominating best match if they have no sales.
I thought it was very bad for business and if I look at what happened to the traffic, it looks like my nightmares came true. Especially because the low sales were predictable IMO (because of the style, not the price). Putting them all in front will of course boost their sales in general, but wine is not coffee, those coming in for coffee and finding 60% wine on the first three pages will obviously go elsewhere. Plus you frustrate the "coffee producing contributors" who have time and money invested in developing very generic files for high volume sales.
Again, all of the above is my own conjecture. No crystal ball involved.
5137
« on: July 14, 2011, 20:05 »
Incredible! Thank you for sharing!
5138
« on: July 14, 2011, 17:51 »
Obviously the ideal would be if the best match is not just dynamic but also intelligent, i.e. it learns the buying habits of the customers, adds regional info and then every customer will see a different best match depending on his or her buying behaviour, location.
If a customer always buys the cheapest files, why offer him search results with 50% Vetta? And a customer that is not budget concious will appreciate a result dominated by the more exclusive V/A with low downloads, so the risk is low that their client will find the same image in use by a competitor. It isnt RM, but can be better than using files with thousands of downloads.
5139
« on: July 14, 2011, 10:52 »
The buyers are there. The market is there (and many emerging economies are untapped). World business hasnt stopped advertising.
They just arent on istock. Shutterstock and Dreamstime seem to have them.
What is the biggest difference between these sites and istock? Prices and best match.
Unless of course, there is no marketing for istock (ads, trade shows, direct marketing)
"You have to first decide if that's even a sales model you want to participate in, and a customer base that you want to sell to. Not that IS isn't offering one. IMO at least."
I know that is where we differ in opinion. If I saw a huge rise in PP traffic and a dramatic drop in both Shutterstock AND istock, then I would probably be very critical. The way it is, I still think the business model is different enough. istock and Shutterstock coexisted for a long, long time and istock was the dominant player.
I may be wrong. Maybe istock is losing all their traffic to Thinkstock. But the stats dont seem to support that IMO.
5140
« on: July 14, 2011, 10:30 »
Thanks for the info. Ill need to find a different laptop for my next shoot.
5141
« on: July 14, 2011, 09:55 »
"what a great post...very good summary of the way I feel too. particularly agree with your 'benevolent democracy' comment...my only surprise with your post is that you contribute to the PP....would you mind extrapolating on why you think the PP is a safe venture? "
Thanks for the flowers :-)
I am contributing to the pp Programm because the istock subscription program wasnt competitive with Shutterstock. And as all the independents reported good results from subscription, istock needed an offer for the customers that can only use subscriptions, apparently there are many companies that prefer this licensing model.
Because the subcription offer is on a different site, I am not worried that it will kill my pay as you go sales on istock.
Obviously, the pp programm will be rising in volume, because the sites and the programm are new and getty is promoting them heavily.
A company can grow in many ways:
- they can add more customers by expanding into new countries or culture groups
- they can make their existing customers buy more, for instance by adding new file types (like adding editorial and png)
- they can take away market share from the competition.
The marketing team must of course address all of these areas, so I strongly welcome the pp Program for the subscription market(still do).
So unless they are doing less to promote istock, then I dont believe that it is the pp programm that is creating the loss in traffic. If the PP Programm is successful you should see Shutterstock losing traffic while the PP Program is gaining traffic. But obviously, this isnt happening. However, the pp Program is not growing to the same extent as istock is losing traffic. So I dont think that the normal pay as you go customers are going to PP.
I believe it is a best match that strongly favors files that are 20-50 more expensive than what the customers is used to and that the artistic vetta files by their style simply can never be bought in high volume. If you sort istock by downloads and then again by best match you see a huge, huge difference. A sort by downloads shows you what the regular istock customers are looking for in a given search.
Sort by downloads and you get light, airy, generic, files, often isolated on white, lots of copy space. Of course they are also bland, often boring, but that is what they are supposed to be.
A best match that is dominated by Vetta is darker, fuller, less copy space, edgy, inspiring, artistic...but simply not as widely usable. This means lower downloads. The files are excellent, but the creative edge limits their use. istock has always had these edgy files. Why should they sell more if the price is raised?? Having a specialized collection will help the customers that are looking for cover art and save them time. But it will not become a high volume product.
best match has the biggest effect on customers. They dont want to "learn their way around an agency". They just want to walk in, find the file and leave. Ideally the best match should read their minds to magically serve up what they want.
Maybe the Price filter really is the solution, but I still think a best match that offers more of a style that is similar to highest downloads will be best. That is why I liked the best match yesterday. It seemed to have a great mix of all files.
5142
« on: July 14, 2011, 08:05 »
Photographers/Creative artists are a dime a dozen. We create digital products that can be sold worldwide at lightspeed.
They can source artists from all over the world and with istocks excellent feedback system/forums/Lypses they will always have enough creative talent to find the few gems they need who will become contributors for the high end collections and getty. istock is an excellent talent scout. I know, Ive received fantastic feedback and I will always be grateful.
I think what I am trying to say, that hopefully things are not as bleak for exclusives or "coffee artists" like me. But my income will become spread over several sites, not just istock.
I sincerly hope what is happening is part of a careful strategy.
My worst nightmare is that there is some internal power struggle with different people pulling directions to different buyer groups. Or best match changes that come from panic and bad predictions. Somebody has to be clearly in charge of the "big picture". You cant have different parts of a company work independently from each other or even fight each other. You need clear leadership to keep everyone focussed, every employee, contributor, even the cleaning staff need to know their place and what their role is. Ideally they should absoluetly love what they do and be so passionate about it that you have to force them to take a break or a holiday.
A company is not a democracy, it needs benovelent dictatorship and good communication. Think of Apple Computer. Or a well oiled machine.
At the moment many contributors are confused and frustrated and probably quite a few buyers as well. So this machine isnt working at optimal performance. And it needs more than just an oil change.
By the way, one major disadvantage of focussing on a small buyer group, is that it becomes a lot easier for your competition to take the market away from you....
5143
« on: July 14, 2011, 07:33 »
Well whenever you raise the price you lose customers. That is a completely predictable, normal market behaviour.
By creating a best match that in the first 200 images (or first three pages) had a dominance of files that were 20-50 times more expensive than the regular collection it was clear that customers will go elsewhere to fill their needs. On top of that the artistic vetta images, although fascinating and inspiring are not generic (thats what gives them their edgy appeal) and so will not be sold in large volume.
Shutterstock has overtaken istock, dreamstime is probably next. Traffic on istock has dropped in equal proportion.
But is istock as a company making less money?
Because of the very high prices they can probably afford to lose very large number of buyers. And they also pay the contributors less than on the normal collection.
Maybe some of you remember my comparison with the coffee and wine producers. It is possible that although we as contributors, especially the "coffe producers" (generic, high volume images) are losing out, istock is making so much more money with their "wine producers" (artistic, edgy and expensive) that it worth shifting istock towards this more specialized market.
best match gives you a crystalclear direction of the buyer groups they are targeting. If expensive files dominate, they have decided to focus on a much smaller market. Losing customers then isnt a problem for the agency, just for us (coffee). Wine producers will rejoice and istock will probably become the center for the more edgy, artistic type of artists.
I still hope they find a better balance, but maybe it is financially not worth it to focus on both buyer groups. Getty has other, cheaper agencies (photos.com, thinkstock) that can target the buyers of generic, high volume images. My sales at the partner collections are going up, which is the result of aggressive marketing and a dedicated sales team.
Since I have images on getty, istock and the partner agencies it can still work out for me as a "coffee producer". I just have to look at the bigger picture, not just istock. However guidance from HQ how to best target image production and which customer groups are being catered to by the different agencies and collections would be very, very helpful. If they want us to work with the "big picture", then please let us know.
5144
« on: July 13, 2011, 11:53 »
I think she is counting the number of files with a one or two point rating in her column. So the normal collection, not e+, vetta or agency. At least that is the way I understand it.
Looks like V/A content in search results is going back up. If this is what the buyers want, fine, but I see so many files with few sales. There must be a really huge margin for them to make it worthwhile to lose the volume sales.
5145
« on: July 12, 2011, 18:34 »
Big change. The search results look much better now. No more V/A with zero downloads in front. Very nice mix.
5146
« on: June 30, 2011, 16:09 »
If they really go public this will be important to watch, especially for us istockers.
It all depends how much of a percentage of the company they float. The current owners can decide to keep a majority share, then the stock holders influence is limited.
The main goal of an IPO is to collect money, usually to expand and grow the business aggressively. The owners will be tied into long term contracts otherwise why would you buy the shares? Preparing an IPO, going on the roadshow is expensive and needs a lot of attention.
Unfortunately I cannot see any advantage for istock if they go through with it :-(
5147
« on: June 29, 2011, 20:38 »
istock has contributors from all over the globe, ages, religion...etc...I sincerly doubt your location means anything to them.
I think buyers can post in the forums. Have you tried buying a few credits so that you can post? Maybe check with support, but if it is possible, spending 10 dollars is worth it.
I have heard that istock has become more strict, you are very brave to attempt it 7 times. However, I do believe we are missing something in these rejections, maybe something only visible at 100%.
5148
« on: June 29, 2011, 13:11 »
I am thinking - maybe they want to see more images done in a studio? To prove that you understand professional lighting technique?
Did you ask for feedback on the istockforums? The admins there will be more familiar with what they are looking for.
5149
« on: June 28, 2011, 05:48 »
Congrats Jonny,
you have the right attitude! Although it is more difficult to have images accepted than in 2005 the money you get per sale is a lot higher. We started out with 10 cents a sale...
I think if you pay close attention, learn from your mistakes and finally discover a niche or two you can still make some serious money in stock. It just takes hard work and patience, like any business.
Good luck and enjoy the journey!
5150
« on: June 26, 2011, 15:38 »
Have you tried getting feedback from the istock Critique forum? Especially your final selection I would submit it there for Peer review before uploading. Here is an example: http://www.istockphoto.com/forum_messages.php?threadid=330680&page=1My favorites are the owlman, strawberrycakes and the woman in the pool with the hat. But this is my personal taste, I have no idea, if this will satisfy the reviewers.
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