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Messages - stockmarketer
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676
« on: September 21, 2011, 09:45 »
I have seen a gradual rise in my BigStock sales for the past month or two. Just attributed it to growing my port and coming out of the summer slump. Last week starting getting into the $20/day range for the first time.
But nothing out of the ordinary over the past two days.
677
« on: September 20, 2011, 14:30 »
For branding purposes, one name is best, and it helps to first make sure it's a name that could be a web domain if you choose to do a website at some point. That way a potential buyer on any site could see one of your images, and later remember your contributor name, do a web search on you and find your site. It would make sense to at least have a landing page under that name with samples of your work and links to the agency sites (make them referral links that could get you some money from the sites that offer a referral program... most do.)
678
« on: September 20, 2011, 13:42 »
20% just ask someone else if they would work for 20% commission on their own creative products, working hours and hours, doing everything including keywords and editing, uploading, and start into business knowing that. I bet you'll get screams of laughter, "Are you kidding?" But Microstockers are now down to 15% on IS in many cases. Oh please Sir can I have some more, why not make it 10%, I love licking boots for pocket change.
I guess it all depends how you approach microstock. I don't think of myself as an artist and each of my images is a part of my soul. No, I wouldn't spend months painting a huge portrait and accept the terms of a gallery that wanted to keep 85% of the sale. But I went into microstock with the idea that I would produce a set amount every day, they would earn a projected amount every day based on the agency commission rates, and if I met my goal, I would be very, very happy. I set short and long term revenue goals. I met the short term goal in about a year, and just surpassed the long term goal after three years. So today, I am very, very happy. I went into microstock knowing the terms, fully understanding and appreciating that the agencies have invested heavily in building, marketing and maintaining their sites, and would put my images out in front of people ready to buy my work. I could never build a site like this on my own. To me, this service is worth the revenue share for what (most of) the agencies are doing on their end. And at the point I decide it's not worth it, I walk away. I'm no one's slave. For the time being, they're helping me live a very comfortable life. My ROI is extremely positive, and my wife regularly thanks me for putting a small amount of time into something that delivers such a big payout.
679
« on: September 20, 2011, 13:14 »
How do you get accepted by FT ?
Maybe the question should be, why do you want to get accepted at FT? Have you read the threads here about their latest changes and how they treat artists or maybe the mysterious partner programs, where your images will show up around the world?
OK, so my images end up in lots of places I cannot track. Potential for a lot more sales, but also for some sales not being properly commissioned to me. I hope there are no issues and if there are FT takes steps to correct them. But do I lose sleep? No. Here's why... I don't think of myself as an artist pouring my soul into works that I must cling to and protect as my children. I'm a business person. I produce a product, send it out into the world, and hope it makes me some decent money. Will it be stolen at some point? I assume yes, and accept it as part of the process. The bottom line is that I work a few hours a day on this side job and have created an income that is now larger than my main job. FT is a huge part of that income... it's now my #1 earner, maybe thanks in large part to its diverse network of partners.
680
« on: September 20, 2011, 10:34 »
How do you get accepted by FT ?
isolations and people dont get rejected
FT, and the other big players, spend a fair amount of resources on reviewing images. It makes sense that they're becoming increasingly more selective over who and what they let in. They have a very good idea of what will and won't sell, and they don't want to invite people in who won't earn them decent money and instead just be a drain on their reviewing resources. To get accepted (and do well) at FT or any other site, follow two simple rules: 1. Be unique... create a unique style 2. Do marketing research... find underserved niches of topics that are in demand
681
« on: September 20, 2011, 10:29 »
The squeeze has started back in 08. globalization and expansion has peaked. Economy is terrible worldwide and thats the main source of sales dropping.
I'm not so sure. I think the biggest reason most people are seeing falling sales is the increased competition and not the economy. I see microstock as the type of industry that actually does well in an economic downturn. Reason #1: most companies are making less money and are cutting their budgets for advertising, promotion, etc. They turn to a cheap alternative to the expensive image houses. Sure, many have been doing this for years already, and maybe those are buying less microstock than they did a few years ago, but I feel there are still a lot of big buyers out there who are just now making the jump to ms or will do so as they tighten their belts. Reason #2: this may just be the case for my port, but I think that as a lot of people are losing jobs or just entering a job market without openings, they're turning to self promotion through blogs, websites, etc. (Just from my own investigative work, I think blogs and websites for consultants and other tiny upstart businesses are my biggest customers.) They don't have the money to buy expensive images, so (if they're not stealing them) they turn to microstock.
682
« on: September 20, 2011, 10:00 »
There has been another big best match shakeup overnight.
Ouch! That's horrific. It looks like it is 95% geared towards newish images, with or without any downloads. Judging by the few test-searches I've tried my sales could be slaughtered if it stays like this.
This explains it!!! I'm in shock looking at today's vs yesterday's numbers. I earned $62 at IS yesterday, and today we're halfway through the day and I'm at $5. (And this is a Tues vs. Monday. Tuesdays are generally better, at least for me... all the more shocking.) Has ANYONE benefited from this shakeup?
683
« on: September 20, 2011, 09:23 »
If it stays on track, Sept will be my BME. A nice and expected climb out of the summer slump.
Breaking it down by agency...
SS solid growth as expected.
ISP somehow picking up steam and posting solid numbers. Trend has been upward for about six weeks.
FT doing fantastic, now my #1.
DT my only big disappointment. Not much higher than the beginning of this year. A few good days, then days with huge runs of sub sales. Can't figure out the pattern. (Do sub sales get reported in batches?)
BigStock, 123, DepositPhotos all steadily rising.
CanStockPhoto posting good quantity of sales but revenue is falling because the big $20 "Distribution Regular" downloads have almost completely dried up. Used to get 5 or 6 a week, now I'm lucky to get one a week.
CRE, Stockfresh, Veer, Yay... barely worth mentioning.
684
« on: September 18, 2011, 07:08 »
OK, first thing... dumb, misleading title for this paranoid thread. Piracy? How so? Please. You're just trying to get everyone's panties in a knot.
Second, I'm going to do a bit of cheerleading here for FT since they've been really taking a beating around here lately, and there's been virtually no one saying a good thing about them.
Do I think they're perfect? No. But those reasons have been discussed to death here. So here goes my positive FT rant, based on my own experience...
FT has pretty much become my #1 site. Revenue has been steadily on the rise all year. I surpassed a level milestone and my per image revenue has soared in addition to my overall download count. I have nearly 100% approvals. Of course, I'm living on the "grass is greener" side, but as far as I'm concerned, the reviewers are intelligent and on the ball. The people I've dealt with when contacting support are fast to respond, friendly and professional.
Simply put, all of the immature name-calling around here is simply projecting the contributor's own inadequacies onto an easy target.
You've entered into an agreement with FT, and you're welcome to end it if you're dissatisfied. I can't think of another industry in which verbally abusing a business partner in a public forum while continuing to do business with it would be considered professional behavior. I'm all for freedom of speech and everything, but if I were your partner, I would ask you to go away if you hate doing business with me so much.
685
« on: September 15, 2011, 23:29 »
So government should just pay for everything for everyone. OK.
Has anyone been reading the financial news these days about Europe teetering on financial collapse? Greeks riot because it's suggested they should work past their 50s. The whole country is about to go bankrupt. China may be stepping in to bail out Italy. Not to simplify things too much... there are lots of causes for the financial catastrophe that's just around the corner... but the idea that someone should expect the government to provide for your every need is certainly a contributing factor.
686
« on: September 15, 2011, 23:15 »
I think people are confused.
https://cms.paypal.com/us/cgi-bin/marketingweb?cmd=_render-content&content_ID=marketing_us/IRS6050W
Yup, I messed up by saying W9 instead of 1099. (I deal with W9s a lot in my day job, so I made a mental slip.) And there does seem to be an important distinction between the 1099-K and the 1099s the agencies send us (they're 1099-MISC forms, right?) Doing more web research, it looks like the 1099-K is used to compare your income to info the IRS gathers from credit card processing companies (which includes PayPal) to make sure we're claiming the right amount. As long as we're not expected to add this 1099-K revenue alongside the other 1099s and use the grand total to determine the amount we owe, I guess I'm fine with it.
687
« on: September 15, 2011, 05:48 »
I'd say my morning sales today are stronger than the past few days (and Tuesday was my BDE).
If you don't mind me asking, how many sales would you typically have by around 12 in Europe? If normally in the 10 range or under, and you have 0 so far today, that might not be statistically significant, but if it's normally 40 or 50 or more, then that would be truly strange and call for troubleshooting.
688
« on: September 14, 2011, 22:32 »
Just a simple bit. You can have more than one PayPal account. If someone wanted to, they could divide the payments and avoid the automatic trigger. However agencies report to the IRS, the law is $600.01 (aka over $600) and they must send a W-2, so what's the difference?
I declare all income because I can use the business, equipment and travel deductions to offset some of it. Easier for me to pay the taxes and not try to game the system.
I report the income from all the agencies every year. No problem there. But I don't know how I'm going to address the PayPal W9s that report the same income as the agency W9s. I use TurboTax each year, and I don't recall it asking about W9s that may be reporting income that is already reported on other W9s. If I don't enter the figures from the PayPal W9, that would have to raise a flag at the IRS, right? Do I enter it, then subtract it out somewhere on a form that allows me to explain that it is income that has been reported by two different sources? This is just an invitation to an audit. Just remembered that I have a friend who is a tax accountant. I'll ask his advice and report back here.
689
« on: September 12, 2011, 15:05 »
Stockmarketer - are you able to get a Payoneer card in your country? Can you send some of your payments to Payoneer?
Hmmm. Might be worth looking into. Which agencies are willing to pay via Payoneer, and are there any fees? If the agencies that don't work with Payoneer are the same agencies that automatically send me payments once a month, I'll still end up over 200 and it won't be worth pursuing.
690
« on: September 12, 2011, 14:15 »
I request payments as soon as the payout hits between $200 to $500. On some of the lower tier sites I cash out at $100. By doing this I find that PayPal never takes a cut. A couple of times when customers paid through PayPal in amounts of $1500 to $3000, I noticed that PayPay charged me for the transaction. So I figured that when the payout is just a few hundred dollars, PayPay doesn't charge. It's like free banking.
Anybody else notice this?
My payouts aren't typically this large, so I never encountered fees from the ms agency payments. (If you make more than $1,000 in a month at Shutterstock, they will send multiple payments, with none more than $999... I'm wondering if this is to protect us or them from fees?) But my original question is a completely different matter. Are you getting more than 200 payments in a year from the agencies? Or are you actively trying to avoid the PayPal W9 at the end of the year?
691
« on: September 12, 2011, 13:41 »
I've made a conscious effort all year to not request payments too frequently to try to keep my total payouts under 200 for the year and avoid triggering the PayPal W9. I have to admit I wasn't tracking the number of my requests, and it appears to have burned me... I just downloaded a report of my PayPal activity for the year and I'm almost at 200 payments from the agencies already. Even if I don't request any more payments this year, the agencies that automatically send payments will push me over 200.
Theoretically, I shouldn't worry since I'm paying taxes on all the money I make at the agencies and the PayPal tax reporting is just duplicating those records, not calling for additional tax payments. But I worry about the flags it could set off within the IRS and maybe trigger an audit.
Assuming you're making over $20,000 this year, what are YOU doing about this? Requesting fewer payouts? Do you care?
692
« on: September 12, 2011, 13:04 »
If the next few weeks keep pace with the first two, Sept will be my overall BME. Make mine a green tea.
Now, if we're just talking IS, that's another story. My sales there have been fairly flat for about a year, with just the expected ups and downs (summer, holidays, etc.) Good news is that SS and FT are more than making up for it.
693
« on: August 31, 2011, 23:38 »
Overall BME, almost every site had a BME. Even ISP did well.
Up 16% from July. Up 104% from Aug 2010.
Feeling really good about ms these days, despite the negative developments all around. I made some recent workflow improvements that are letting me create and upload more. Monthly output in Aug was my highest yet.
Only negative I can come up with is DT. DT is the only site that's been on a downward trend for me over the last several months. Sick of the "too many similar images" rejections, so I've cut my uploads by about two thirds. And I'm sick of the unpredictable patterns of subscription vs credit sales. One day I'll have a ton of credit sales and the next day they'll be completely gone. We're talking a difference of $65 to $15 from one day to the next. Still can't figure that out.
694
« on: August 31, 2011, 07:16 »
I have to say that I'm loving 123RF these days. I haven't had a rejection there in months, uploading 100+ each month. Each month is a BME, even through the summer. (Been there over three years.)
695
« on: August 30, 2011, 12:42 »
Well, yes! but wait a minute, now youre refering to some of the worlds most prolific microstockers, people who in themselves are instituions and ofcourse they wouldnt go exclusive and for obvious reasons, own outlets and all. No, Im talking about all the droves of ordinary Diamonds, gold, etc, independants. Thats enough.
I consider myself one of the "ordinary golds"... perhaps soon to be "ordinary diamond"... well below Yuri level but well above the average. Probably the person you're talking about. And there's NO way I'd go exclusive with ISP, no matter how many carrots they dangle in front of my nose. I'm too worried about what they're doing to my other end.
696
« on: August 30, 2011, 09:08 »
Does anyone realize the real impact this survey will have? Someone at ISP is no doubt watching these results and saying to a co-worker, "See, I told you we could stick it to them even harder than last time and they'd end up asking for more."
Apparently there's no breaking point at which people will say No More. And if ISP didn't know it before, they do now.
I respect everyone's right to make a decision on their own, but I fear this type of forum is essentially organizing a response from some of ISP's most prolific and successful contributors to send a loud and clear message: "We're OK with this. Keep the abuse coming."
697
« on: August 29, 2011, 10:08 »
GOOD FOR US: The investment could give DepositPhotos a lot more money to market itself and drive more downloads of our work.
BAD FOR US: A quick look over my DP stats this month suggests I'm averaging about .35 or .40 per download. That's lower than a bunch of other sites (I think I'm doing about .50 per download at SS), and I don't necessarily want DP to steal downloads from SS and the other sites where I earn more. Plus, the investors will surely pressure DP to increase profitability wherever possible, and that will almost certainly mean a lower commission structure at some point.
The bottom line... I'm rethinking my stand toward DP. Up until taking a closer look today following this announcement, I was quite positive about DP. Now I'll be watching them very closely, and I'll be ready to bail as soon as a commission cut is announced or if I think they're growing at the expense of the others.
698
« on: August 29, 2011, 09:26 »
I think I'm one of the few who is still having great sales at FT.
Here's how the sites rank for me, with approximate percentages of total earnings:
TOP TIER: SS - 28% (approx 100 sales/day) FT - 21% (80) IS - 18% (30) DT - 14% (20)
MID TIER: CAN - 6.5% (10) BigStock - 4% (10) 123 - 3.5% (10) DEP - 3.5% (10)
BOTTOM TIER: GL - .8% (0-1) SF - .5% (1) VEER - .1% (0-1) CRE - .005% (0)
699
« on: August 25, 2011, 22:36 »
... the only little piece of information I got throughout the process was a question from their part (mail mentioned above) asking me what was my relation with... another microstock agency offering my RF images. Is this the reason why they blocked my account for 2 months and stopping payments and earnings for that time? I mean, seriously?
Good to hear about your reinstatement. I'm wondering about the part of your message quoted above. Did you get the sense that SS suspected you were selling your images on your own RF site, and they have a policy against this? Does anyone else have any experience in this type of matter? I'd like to launch my own site selling images... and I might sell credits that can be used to download images (for a number of reasons)... but would this upset SS and the other agencies?
700
« on: August 25, 2011, 10:52 »
Big companies get used to the fact that the photography in these days is FOR FREE. Another words Photographers have been cheated and they have been humiliated by big business and by Microstock companies who flooded the market with the free images and the problem is now that we are now surrounded by images that we dont appreciate anymore (and it doeas not work anymore)... and the next goal will be to transofrm the static picture into the moving picture (footage) and thats why about 3 months ago Shutterstock was calling all its contributors to change their activities into shooting movies. The age of static picture is going to the end and its price is going to drop drasticly in the following years since it has smaller and smaller value in commercial activities. Corporate marketing requires another form of imagery (particualrly in internet) to chase their commercial goals.
Two facts of business at work here: 1) natural evolution of business and technology, and 2) supply and demand. We can complain until we're blue in the face, but it's pointless. You adapt, and you make yourself unique instead of a commodity, or you die. Those who are quick to embrace point 1 and on the cutting edge of figuring out what customers want before they want it will always prosper. That's because there are very few of them at the beginning of any movement and the supply and demand ratio works in their favor. Yes, video will be more and more in demand as everything you pick up will have moving images on it. But we're not quite there yet. The answer won't be to simply shoot video of the things you're currently shooting photos of. If your photos aren't selling today, chances are your videos won't sell well tomorrow. Those with a true understanding of what customers demand, and what needs aren't already being met (probably people with skills better than your own), will prosper no matter what the format. I've said it over and over here... there are niches that are undercovered and in great demand, and if you are one of the few artists creating photos or illustrations covering these areas, you will do well, even when the agencies each have a billion images. Get out there and figure it out.
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