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Messages - wilddingo

Pages: [1] 2
1
General Photography Discussion / Re: Breaking Even
« on: September 22, 2009, 22:29 »
So, I would repeat my question: what my labor is worth?

If your goal is to become a full-time stock photographer, I would start by calculating the hourly rate for your OTHER job and aim for that.

If you accept to do stock photography for less than your other job, then in purely rational business terms, you're losing money.


2
General Photography Discussion / Re: Breaking Even
« on: September 22, 2009, 22:18 »
Your division of photographers into pros or happy snappers is very simplistic. Long before I joined mictostock I was a camera club member with an interest in nature and landscape photography. I travelled long distances to good locations, spent many many hours in the darkroom processing (B&W only, not color), mounting prints for club comps etc. Also pushing my creative boundaries. I also shot pics for the school where I worked - sports events, drama, music, formal balls, products from the woodworking and cooking classes, etc. This was mostly to learn to be a better photographer (and be somewhat useful as well). All for no pay because it was my abiding passion. I don't think I'm alone amongst microstockers.

If your microstock adventure is entirely about passion, and you have no hope in hell of making a profit out of your efforts, what exactly is the point of discussing break-even points and, as if one some misguided mission, not even bothering to calculate the break-even point properly?

You microstockers live in this Lala land of make believe where everyone hides their monumental failures by discussing everything in generic business terms. 

"This is my BME!"

"I'm up 34% year-to-year!"

"I broke even after only a few months!"

"My expenses are only 15% of my gross!"

Why not just tell it like it is?  How about:

"99% involved in microstock do not make a profit.  The majority don't even treat it as a business."

"It's an expensive hobby that allows me to pursue my passion for photography while enriching my agents with my free labor."


3
General Photography Discussion / Re: Breaking Even
« on: September 22, 2009, 21:54 »
According to my accountant 15% overhead extremely low for a business.  He keeps trying to get me to spend more so my tax burden would be lower ;)

No crap Sherlock!

Your accountant is talking about taxable profit, which in the case of a self-employed individual does not include labor.

If you're running a business, you're concerned with the operating profit in your business' financial statements which should account for labor.

You can twist facts and anecdotes all you want, but you won't get away from the fact that producing, distributing and managing your 5,000 microstock images involved considerable labor.  So, really, revealing that your tax deductable expenses are only 15% of your gross says nothing at all about the health of your microstock endevour.





4
General Photography Discussion / Re: Breaking Even
« on: September 22, 2009, 21:11 »
I do agree that if stock was my primary source of income that of course time would be calculated into the break-even.  For me, it's not.  The hours I have put in have not taken away from paying work so I'm not sure how I could apply an hourly rate.  If I have time and feel like doing it, I do it.  Stock has actually enabled me to improve my day-job earnings by upgrading equipment.  So, if I am not paying myself an hourly rate, I normally break even the moment I have my first sale.  
...
Wilddingo, I would be interested in your point of view.  I think you will tell me not to sell to micros.  I am not on macros, so then what is my option?  Alamay?  I have not heard of any wild success stories on Alamay (but I only really know micro shooters).  Should I split the photos up and send some to micro and some to Alamay?  At least 60% of the shots from this location will have models.

Dude, if you want to be successful in business, you need to understand what's a business.

You form a business to earn a profit.

In business, there are standard ways to calculate revenue, costs and profit/loss.  It's quite simple.  It is of little relevance if you personally think your labor should be included in your costs or not.  In the business world, the rules are already made for you, you don't make 'em up as you go along.

Since you've chosen not to track your labor it only means that, as a business owner, you have absolutely no idea how your business is performing.  That's all.  Don't think that you're automagically sitting on a goldmine just because you decided to cook the books by doing improper accounting.

The fact that one can cruise the microstock forums and hear tales of people "making money" and "breaking even" only serves to perpetuate the myth that microstock is a legitimate business model, with legitimate business objectives, which it isn't.

It shouldn't even be called a "business model".  Any activity where 99% of participants do not make a profit shouldn't even have the word "business" in it.

What you have is a hobby:

n. pl. hobbies
   An activity or interest pursued outside one's regular occupation and engaged in primarily for pleasure.

So, I can't even take your question regarding micros, macro or Alamy all that seriously.  Business is not about micro or macro.  It's about profit.  You're treating stock photography like a hobby.

If you've got $500 to burn, stamp collecting might be a better option for you.

5
Site Related / Re: What do you wish MSG had more of?
« on: September 15, 2009, 21:11 »
What do you wish played a bigger role in the forums at Microstockgroup?

Common sense.

6
Alamy.com / Re: I got first sale on Alamy
« on: September 13, 2009, 06:51 »
Dingo, how about introducing yourself?

Sir Denis!  I missed you!  Have you quit your security guard job yet and embarked on a high-flying and challenging microstock career shooting various objects on perfectly white backgrounds?

Since you want to know more about Dingo... Dingo likes poetry and long walks on the beach and I absolutely love it when someone tosses me a frisbee in the water!

My strong traits are being able to sniff lies and inaccuracies from a mile away and my weakness is having the urge to pee on someone's leg from time to time.

I have a full-time job being man's best friend sniffing suitcases and crotches at the airport.

I'm also a part-time microstock tormentor.  It started as a hobby, but I'm hoping to go pro sometime in the next 30 years.  I have a lot of free time on account of my bitch, Mrs. Dingo, being in heat only once a year, and eHarmony.com not quite working for me if you know what I mean.

Yeah, I'm losing money on this tormenting thing for now, but I'm hoping to make it up in volume.  I'm already up to 56 posts in just one month.  At this rate of month-to-month growth, in three short years I'll have close to, ohh I dunno, maybe 3 million posts give or take a million, full of microstock facts and wisdom exquisitely crafted and easily searchable to remind microstockers of their imbecility.

I'm currently working on an exciting web project called iSyndicator where I write my tormenting posts just once, then syndicate them to various microstock forums.  It's the 21st-Century way of flingin' the crap.  It's like taking crap and spreading it as far and wide as possible hoping that it will hit someone somewhere.  The great thing is that it allows me to keep stats on how many microstockers are being tormented by my posts which gives me great satisfaction.  I already have a wall-full of tearsheets made up of tormented microstocker replies.  It's a great marketing tool for a tormenting newbie like me who wants to become established.

So as you can see we lead, ironically, symbiotic lives. 

Microstockers enjoy being failures, and I enjoy reminding them!

7
Alamy.com / Re: I got first sale on Alamy
« on: September 13, 2009, 06:35 »
Funny how you were singing Alamy's praises just a few posts ago __ mind you, loss of short-term memory is always one of the first signs of malnutrition. Dingo's traditionally feed on scraps but in this climate it must be tough for you.

I know this may appear as an alien concept around die-hard microstockers like you, but correcting blatant misinformation given by others by presenting truth and facts are not necessarily an indication that someone is "singing the praises".

8
Alamy.com / Re: I got first sale on Alamy
« on: September 12, 2009, 19:36 »
I know a couple of Alamy devotees who basically ended up there because they couldn't actually hack it in microstock; the technical standards were too high if they couldn't 'self-edit' and their stuff didn't sell much if it did actually get accepted. Judging by a few searches it would seem that plenty of Alamy photographers can't even achieve a basic isolation-on-white, they think it means having a grubby sheet as a background. That's self-editing for you __ nobody told them that their images are crap.

HERE Doggy, Doggy, Doggy! Come to microstock __ there's good boy!

You're on a rapidly sinking ship my friend so you'd better start practicing your doggy-paddle (geddit) if you want to survive. The future is stock __ not micro, not macro, just stock.

Dude, listen, I'm here for you anytime you need, OK?  If it makes you feel better to go on some sort of psychotic rant against Alamy just to get it out of your system, I'm fine with that.

But Einstein, are you seriously implying that if Alamy ever fails (and Dingo couldn't care less if they did), that the only other option is microstock?

You haven't been bit by a rabbid dog recently, have you?

9
Alamy.com / Re: I got first sale on Alamy
« on: September 12, 2009, 19:15 »
I have over 4k images on Alamy, and last month Alamy was 5% of my earnings.  This puts them in sixth place behind IS, SS, FT, DT, and StockXpert.  It is laughable to suggest giving up 95% of my income just to have a higher per sale average!  :o

This may seem like a revolutionary idea, but have you ever considered, like, y'know, maybe trying, ohh I dunno, a non-microstock place OTHER than Alamy?

I know that them being called "Alamy" and starting with the letter "A" puts them automatically at the top of microstocker lists, but I've heard that -- and this is between just Dingo and you and you must promise not to tell OK? -- there are OTHER non-microstock avenues out there!

I know, I know, I was flabbergasted by this news too, but there you go!

10
Alamy.com / Re: I got first sale on Alamy
« on: September 12, 2009, 15:04 »
Ive  tried  uploading  to  alamy.  I  need  to  resize  my  pics.  How  do  i  do that?

If you have to ask this, have you considered that perhaps you should just enjoy photography as a hobby and not even bother getting involved with stock?

If you don't know how to upsize, then your photography skills are at a level where you simply cannot be efficient or successful regardless of micro or macro.

11
Alamy.com / Re: I got first sale on Alamy
« on: September 12, 2009, 14:57 »
That works out at about $1 per image/year paid out by Alamy compared to about $10 per image/year paid out by Istock.

The writing is on the wall for you my little doggy friend. It will soon be 'Game over' for all but the very best and most unique macro contributors.

Dude, discussing financial numbers and ratios with you microstockers is like discussing trigonometry with a 5 year-old.  It's useless.  You just don't get it.  It's why you bozos are in microstock in the first place.  It's why you think $50 for a custom cover license is great money, why $10K for a European stock "business trip" (wink wink) is a great investment, why projecting 9% month-to-month growth in microstock earnings is realistic and, in your case, why you think nothing of calculating and then comparing per image revenue from an UNEDITED portal like Alamy with an EDITED library like Istock.

You guys are losing money with every sale and you don't even realize it.  Like Dingo said, it's only a question of time before you run out of cash.

To paraphrase Norm Peterson (Cheers!), it's a dog eat dog world out there and you microstockers are wearing milkbone underwear.

12
Alamy.com / Re: I got first sale on Alamy
« on: September 12, 2009, 14:38 »
In the same timeframe where you made your first sale on Alamy, how many (if any) sales were made on other Micro sites?

Why are you asking him to compare sales he made in ONE non-micro site with the sales he made on ALL micro sites?

13
Alamy.com / Re: I got first sale on Alamy
« on: September 12, 2009, 09:48 »
I wonder how many sales they make on Alamy - without doing a search?

Either way, it appears to me that Alamy sales are FAR LOWER than the MicroStock sites we're all familiar with. Sure, I'll have a presence and a collection on Alamy, but I'm having much more success on the other sites - even though they sell for much less per download.

Typical Pavlovian microstocker analysis.  Success = no. of downloads.  This is why 99% of you are failures in actually making a profit.  You have absolutely no idea of how to analyse a business situation and make the best choices.

Let's look how a successful stock photographer might look at things:

Total downloads on Istock = 6,700
Average paid out to Istock contributors per download = $0.30
Total paid out to Istock contributors = $2,010

Partial number of licenses sold on Alamy = 47
Average paid out to Alamy contributors per license = $70
Total paid out to Alamy contributors = $3,290

Ratio of contributors at Alamy vs. IStock = 1 (Alamy) : 2 (IStock)

So not only does Alamy pay 64% more to contributors than IStock, Alamy also has at least half as many contributors competing for those dollars.

14
Alamy.com / Re: I got first sale on Alamy
« on: September 12, 2009, 09:04 »
In comparison, you can sort by sales on Alamy and their top 20 images have sold 47.

Dude, what have you been smoking??

Nothing yet, too early in the morning.

Check Alamy - you can look for yourself. Goto My Alamy, AlamyMeasures 2.1 (beta) - All of Alamy. Then click on SALES to sort by number of SALES - and see for yourself.

Then smoke one for me!


What are Sales?

The number of sales we can reliably attribute to a search term for the time period specified. Sales data is not comprehensive because the nature of customer activity means that we cannot link all sales to search terms.

15
Alamy.com / Re: I got first sale on Alamy
« on: September 12, 2009, 08:46 »
In comparison, you can sort by sales on Alamy and their top 20 images have sold 47.

Dude, what have you been smoking??

16
General Stock Discussion / Re: Where did she go wrong?
« on: September 11, 2009, 14:44 »
I think its a good time for you microstockers to pause and thank heavens that youre part of an industry where high-quality contracts that reward you handsomely for your work are the norm, an industry where 99% of you do not work for free, an industry where getting published without a credit is so rare, an industry where agencies are so fair and sensitive that its truly hard to understand why anyone would want to be someone elses photography slave, an industry

17
General Stock Discussion / Re: Microstock tug o' war
« on: September 09, 2009, 21:39 »
Yes, yes, yes, dear dingo, you've convinced me again!  I'd like to now become your humble troll-in-training and we can go tell others the foolishness of their endeavors.  Master, let us now go talk to the idiot hamsters at Pixar.  The morons spent several years toiling away on the movie Up, spending $175 million.  Imagine!  For years, they made NOTHING! 

Ahh, Grasshopper, you have seen the light and you too seek the wisdom.

Come child and you too shall see truth.  For there is no truth that shines brighter than the truth spoken by Dingo.

Close your eyes and listen.

First, Grasshopper, you shall learn to break from the urge to look upon the problems of other morons and to focus on your own.  For each moron was not created equal and you can never know what motivates morons other than yourself.

Second, Grasshopper, you shall not dwell on the accomplishments of the artist, but seek the education of a businessman.  You shall learn how to correctly calculate your costs, your revenue and your profit and learn the laws of accounting and finance.  And you shall employ your knowledge to be truthful with yourself and make realistic projections.

Third, Grasshopper, you shall learn to be passionate with your art and rational with your business.  You must know your costs at all times and seek to keep them low.  You must be aware of the value of your art at all times and seek to keep it high. 
 
Fourth, Grasshopper, you shall learn that you will only earn the respect of others after you endeavour to respect yourself.  At no time, Grasshopper, must the value you attribute to your art ever be lower to your costs. 

And fifth, Grasshopper, you shall learn to shun the crowd and think independently.  For crowds act emotionally, and you have risen from the ashes of doom and now think rationally.  And at no time, must you accept to embark upon a journey proposed by an agent or partner simply because others are willing to do so.  For just as you would not accept used toilet paper, you should not accept contracts that stink.

Grasshopper, here concludes our first lesson.  Go now child and ponder your new future with eyes wide open.  Your future shines brighter by the clarity of your wisdom.

For you now know the truth.

18
General Stock Discussion / Re: Microstock tug o' war
« on: September 09, 2009, 14:31 »
You humble me yet again, Mr. Dingo.  But I assure you that your wisdom has convinced me of the folly of my actions and I will give up.  But it's a shame.  I just checked today's figures and it will be a best sales day ever for me. 

Dude, this is your best sales day ever and you're still earning less than $14/hour, closer to $10/hr after expenses.

The pimple-faced kid STARTING at a McDonald's gets paid around $8/hour.

Yep, it is a shame.

19
General Stock Discussion / Re: Microstock tug o' war
« on: September 09, 2009, 11:49 »
Wow. Your wisdom has convinced me of what an utter failure I am.  I'll earn $2,000 this month, but your calculations have shown me how it will all evaporate before I can touch it.

By the end of this month, you will have earned around $10K total for your 660 hours of work.  That means you made around $15/hour during the equivalent of over four months of full-time work (40 hours per week).  From your $10K you'll deduct your expenses which will leave you with much less, in terms of real hourly wage.  Your agents, on the other hand, have made probably close to $100K from your work and labor.

In my book, you are a failure.  In fact, in your own book, you are a failure.  If you were a success, you would've quit your other job and be doing microstock full time.  This means that, in terms of investing your time, you have options that pay you more but you continue to spend time on those options that pay you less.

This is not some microstocker pipe dream projected out 3 or 5 years into the future or speculation drivel.  These are facts based on your own figures and experience.

None of what Dingo says will change your mind.  You will continue to make poor business choices because you never took this seriously as a business -- you're just another poor sap who is passionate about some aspect of your hobby and unable to see the forest for the trees when it comes to getting the best value for your intellectual property.

20
General Stock Discussion / Re: Microstock tug o' war
« on: September 09, 2009, 09:04 »
For any beginners following this thread, you've now read both sides of the story: the success story of someone who has done his research, figured out a niche and is making it work (also see cthoman's post), vs. the skepticism and anger of folks who either blame microstock for ruining the world or couldn't figure out how to make it work for them.

You've been doing microstock for less than a year and you're giving advice to beginners?

You want to leave the thread because you've come across someone who is not smoking the same stuff as you and presents you facts and truth, which in your arrogance you confuse with skepticism and anger.

Here are the facts as stated by you.  These are your own figures.  I've added some additional information so the whippersnapper beginners can see exactly what is going on in your delusional world of microstock success.  It's hard to show tabular data on forum posts, so I've listed the column headings in order.  All the information is there if you look at it carefully:

Columns are in the following order:

1. Month   
2. Earnings/ day   
3. Earnings for month   
4. Total earnings (cumm)   
5. % Growth (month to month)   
6. Hours worked (cumm)   
7. $/hour (cumm)

11-08   $4.02   $121   $121      60   $2.01
12-08   $9.80   $294   $415   144%   120   $3.46
01-09   $13.65   $410   $824   39%   180   $4.58
02-09   $20.86   $626   $1450   53%   240   $6.04
03-09   $26.97   $809   $2259   29%   300   $7.53
04-09   $26.80   $804   $3063   -1%   360   $8.51
05-09   $39.36   $1181   $4244   47%   420   $10.10
06-09   $47.79   $1434   $5678   21%   480   $11.83
07-09   $47.50   $1425   $7103   -1%   540   $13.15
08-09   $51.35   $1541   $8643   8%   600   $14.41


So our hamster friend here with unique "niche" material has made the equivalent of $14.41 per hour after his first 10 months in microstock and before all expenses are deducted.  In that short period his month to month growth was negative twice and is now at 8% for Aug-09.

He's projecting that his growth will continue at 9% each month, which means he'll achieve about $100/day earnings sometime in April '10.  Here's what it will look like:

04-10   $102.32   $3070   $27161   9%   1080   $25.15

He has said that his long term goal is to achieve $300/day in earnings, which at 9% monthly growth will allow him to get there in May '11.  After about two and a half years, our friend will have made the equivalent of $55.89 per hour before all expenses.

05-11   $313.69   $9411   $103959   9%   1860   $55.89

If we continue smoking whatever he is and keep going at 9% growth each month, he'll be earning $37,363 per month and $157/hour before expenses exactly three years from now:

09-12   $1245.43   $37363   $442494   9%   2820   $156.91

And in five years, $295K per month and $838 per hour:

09-14   $9852.74   $295582   $3569813   9%   4260   $837.98

This is the scenario he has presented as plausible and the dream he is pursuing.

But, here is what it will look like in five years if his monthly growth stalls:

09-14   $55.97   $1679   $111068   0%   4260   $26.07

In other words, if his delusional growth stops, after almost six years in microstock he will have made the equivalent of $26 per hour before all expenses.  I'll leave you the exercise of calculating how much he'll keep after you subtract all the thousands of dollars of expenses he will have accumulated.

In truth, what will most likely happen is that his growth will not only stall, it will reverse course into negative territory and our hamster friend will have to work much harder at the wheel to maintain the same level of earnings he saw in the past.  Once he starts doing this, his hourly wage will dramatically drop.

He doesn't know this yet because he's a newbie and, for him, ignorance is bliss.  Humans are wired to be optimists when they're doing something they like.

It takes a super hound like Dingo to sniff out the flakey logic in microstockers' fantasy world.


21
General Stock Discussion / Re: Microstock tug o' war
« on: September 09, 2009, 05:36 »
After one year of microstocking, he's making 365 x 2 x .10, or $73 per day, or $71 per day after his electricity and internet cost.  His total for year one is $13,000.  If he's working two hours a day on microstock, that's $35.50 an hour.  Still a hamster?  If so, call me a hamster, because this is my story. 

Actually, now that you've made things clearer, I'd call you a hamster AND a liar.

First, you haven't been doing this microstock thing for a year, have you?  Second, when you claim you'll be making $35.50/hr you conveniently failed to consider the cummulative hours you put into building your archive in the previous months, didn't you?

Here's what you said 8 days ago in another thread:

"I started in Nov 2008, and here's my growth to date:

Nov 08 - $4.02 per day
Dec 08 - $9.80 per day
Jan 09 - $13.65 per day
Feb 09 - $20.86 per day
Mar 09 - $26.97 per day
Apr 09 - $26.80 per day
May 09 - $39.36 per day
Jun 09 - $47.79 per day
Jul 09 - $47.50 per day
Aug 09 - $51.35 per day

I have two revenue goals: short term ($100 / day) and long term ($300 / day).

My projections show me hitting my short term goal around April 2010."

So, you really aren't earning $73/day, are you? 

You're using the special microstocker rose-colored glasses that allow you to daydream of a constant 9% growth each month and project your imaginary earnings into the future and completely ignore the fact that your monthly earnings, in less than a year have gone from growing 143% in your second month (Dec 08) to 8% in August '09.

It takes posts like yours, giving actual microstocker figures, to illustrate just how naive you bunch really are.

You completely ignore than in less than a year, your monthly microstock revenue growth has stalled (and even turned negative once) several times already and is now in the single digits.

You imagine this fairy tale world where your revenue will just keep growing at 9% each month if you keep putting in your 2 hours per day.

WAKE UP, bozo!

A business that grows 9% each month is growing at over 100% per year!  For most of these businesses, the party doesn't last more than a few months.  Getty projects that Istock will grow 15% per year for the next two years.  And they have millions of dollars available to fund this growth.

If you want to keep growing at 100%+ pace, you'll have to invest a LOT more than your measly two hours per day.

Step up to the hamster wheel, sunny, you're in for a looong ride.

22
General Stock Discussion / Re: Microstock tug o' war
« on: September 08, 2009, 17:35 »
No 'Dude'. I was simply using MBI as an example of an evidently highly successful and business-savvy individual who seems to be putting a lot of effort into microstock. Maybe you could learn something from her and others instead of whining constantly about microstock.

The only thing your example illustrates is that only someone with years of industry experience and $20 million in the bank can finance a serious attempt to achieve the massive scale required to make a profit out of microstock.

It's a predictable reflex among microstockers.  You boobs always pull up these "examples" of "pros" whose realities are a world away from your own because that's how you keep your microstock daydreams alive.

You can't use yourselves or your peers as examples because there ain't many of you who can claim to be successful on purely business terms.  Goes to show how sustainable microstock is as a business model.

23
General Stock Discussion / Re: Microstock tug o' war
« on: September 08, 2009, 17:09 »
Wilddingo, I agree with your insistence that it's profit that matters, not revenue.  But in your insistence that 99% of contributors are actually losing money, are you leaving out people who literally don't have costs aside from their time?  What about someone spending about 2 hours a day churning out a couple illustrations or 3d renders and making a hundred dollars a day (or two hundred... or three hundred)?  When they first embarked in microstock, their revenue surely didn't offset the value of their time, but after a few months of building up a decent portfolio, they're well into the black and earning serious PROFIT.  Are these people hamsters as well?

Where do these people who "have no costs aside from their time" get their computers, Adobe Illustrator/3d rendering software, disk drives/storage media, drawing tablets, electricity, facilities to house everything, and the Internet connection to upload their files?

You are not suggesting that the only way these people can keep justifying their microstock illusion is by conveniently forgetting to account for all their expenses, are you? 

You are not saying that these people subsidize their foray into microstock with a real job that pays for these "forgotten" items, do you? 

Nah, I didnt think so

24
General Stock Discussion / Re: Microstock tug o' war
« on: September 08, 2009, 12:17 »
Anyway she's been uploading nearly 1000 images a month to micro for the last 18 months. From her sales in her first year on micro it would appear that she made about $200K, not bad from a standing start, and that will most likely be doubled or trebled in the second year.

"Not bad"?

Dude, how . can you tell whether a business is "not bad" by only looking at the estimated revenue figures?

Or do you conveniently forget to quote profit figures out of microstock habit?  Is this how you and your microstock hamsters keep up their delusional microstock aspirations going for so long?

25
General Stock Discussion / Re: Microstock tug o' war
« on: September 07, 2009, 22:22 »
so really we have three groups..

You really have only two groups:

   - People losing money with microstock (includes just about all contributors; over 99% if you prefer technical terms)

   - Everybody else (includes microstock agency owners; less than 1% to be specific)

The boobs in this thread who claim they're "making money" in microstock have learned all their business accounting from the Bernie Madoff School of Business and Crookery.

Within the "People losing money" category, you'll find two groups of people:

   - Those who are too naive, too dumb, or just too arrogant to notice how unsuccessful they are at microstock.  These are usually the ones that will proudly describe their microstock accomplishment in terms of how many expenses they were able to pay for with their microstock "earnings". 

Imagine I am a cab driver and after a full year of driving a cab in my free time, I was able to only make the monthly payments on my car.  I would be a hugely successful cab driver in microstock terms, despite the fact that I made absolutely nothing for the time I spent driving the cab and had to pay for the gas, license, registration, etc... out of my own pocket.

   - Those who actually do make money at microstock after properly accounting for their expenses and labor but who are too dumb, too naive, or too arrogant to realize they could be earning much more outside of the microstock realm.

In other words, these bozos lose money just for being involved in microstock when other avenues would reward them more handsomely.

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