Hey all,
Hatman 12, you're correct, I am talking about the holiday and occasional shooter. Now that the buyers have found images at prices well below the traditional macro site prices they are now going to be more demanding of the quality. It's the agencies job to help them find those quality images and its our job to produce and provide those images. Therefore as this micro industry grows so will their demands. Those photographers who want to make money in the microstock business will step up their art to a new level and grow with the industry and my guess is some who aren't so serious will eventually move on to other things. It sounds like most of you will do well. Remember its a numbers game, the more you have the more you make. My guess is in time the prices of microstock images will rise. Why, because it takes people to manage and control the quality of the images uploaded and if indeed some are finding more rejections that means people are indeed more involved than they have been in the past. This of course drives up operating costs and therefore the agencies will have to find new ways of generating money, that means higher prices, or so I hope. The same thing happened with royality free photography and my hopes are that is what will happen here. How much? Who knows.
Good Luck to all and don't be disappointed in rejections, let it be a motivator.
Traveler
Hatman 12, you're correct, I am talking about the holiday and occasional shooter. Now that the buyers have found images at prices well below the traditional macro site prices they are now going to be more demanding of the quality. It's the agencies job to help them find those quality images and its our job to produce and provide those images. Therefore as this micro industry grows so will their demands. Those photographers who want to make money in the microstock business will step up their art to a new level and grow with the industry and my guess is some who aren't so serious will eventually move on to other things. It sounds like most of you will do well. Remember its a numbers game, the more you have the more you make. My guess is in time the prices of microstock images will rise. Why, because it takes people to manage and control the quality of the images uploaded and if indeed some are finding more rejections that means people are indeed more involved than they have been in the past. This of course drives up operating costs and therefore the agencies will have to find new ways of generating money, that means higher prices, or so I hope. The same thing happened with royality free photography and my hopes are that is what will happen here. How much? Who knows.
Good Luck to all and don't be disappointed in rejections, let it be a motivator.
Traveler

?? Maybe image exclusive will turn out to be a sweet deal for micro, go ahead and test the waters if you wish. What I will say is Getty has a very powerful marketing machine, this may be very good for micro stock? Where are the end users (buyers) coming from? Do they have a favorite micro stock site or do they browse all of them? If Istock (Getty) is paying photographers more then are they going to charge the buyers more? If so, will this lead the buyers to other sites, after all micro stock is part of their cost cutting plans? Let me throw one more peace of advice out there, Think like a buyer not a photographer when making some of these decisions. If someone can direct me to the Istock contract I'll be happy to read over it.