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Messages - StockPerformer.com

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101
Stock Performer / Interviews with successful microstockers
« on: October 14, 2013, 04:36 »
We just started an interview series last month. Every monday we want to post an interesting interview with some of our top customers. In each interview they will share one of their images and it's revenue chart.

Here the list so far:

Pressmaster
SquaredPixels
Nejron
Courtneyk

Enjoy!
Luis

102
RPI is a big topic in microstock analytics, so let me chip into the discussion :-)

For us, RPI/m is one of the most important metrics because it is great at comparing one set of images against another. For instance, if you want to know whether your cat images sell better than your dog images, you would compare the RPI/m of both sets of images.

Imagine cats brings you $2 per month per image and dogs brings you $3. That clearly indicates that dog pictures outsell cat pictures and you should produce more dog pictures. (Sorry if anybody here is a big fan of cats ;-)  )

The nice thing of RPI/m or RPI/yr is that it normalises the value and facilitates comparison. If you only compared general RPI then you would not be able to compare two sets of images, therefore general RPI is of limited use. We prefer measuring overall return on investment instead of general RPI.

Use RPI/m to identify your strongest themes and produce more of those! It should help you increase your revenue.

We once wrote a glossary to help make these terms understandable. Feel free to have a read here: https://www.stockperformer.com/glossary

hope that helps!
Luis

103
Stock Performer / Re: Stockperformer stats inaccurate?
« on: July 25, 2013, 07:54 »
Hi there! Here is Luis from Stock Performer. Thanks for letting us know that you are experiencing difficulties. The best thing would be that you contact us via: [email protected] or via the Feedback button directly within Stock Performer.

That will help us talk out the issue with you and ensure you are satisfied!

Looking forward to your contact!
Luis

104
Stock Performer / Support for 123RF
« on: May 29, 2012, 09:41 »
We just added support for 123RF. With this addition, Stock Performer now supports all big 5 and is able to provide you with up-to-date charts and metrics to see and analyse your data in various ways.

https://www.stockperformer.com

Enjoy! :-)
Luis

105
All very good points :-) A lot has been said on whether people should participate in those collections and the impact it can have on their sales, on customers and on the industry. There are lots of opinions on whether to participate or not.

However, a few people have asked us at Stock Performer what we recommend them, to best add their files to E+/P+. So assuming you want to add files to E+/P+, what is the best strategy? Our blog post aims to shed some light on that issue and that is how we arrived to our premise.

To answer your first paragraph: If a file regularly sells large, then as you say it is being used for print. One cannot assume the customer will tolerate a price hike, but one can assume that the file does attract more revenue than others. So if I would recommend a price hike, than I would do so on those files, and not on the other ones.

106
@ShadySue: that's a good point. Offering a more niche product will allow you to push higher prices through.

But since it is not always possible to objectively identify whether an image has or has no competition, or whether it is niche or not, the suggestion is to base the decision on an easier to measure metric: revenue per sale. That's whether a file usually sells in large size or in small size. If it usually sells large, then you know that the file targets bigger budget customers which could cope with a price increase.

By using that method, you can focus on the numbers you have, which are measurable, and ignore all other aspects which are difficult to measure. Obviously, there is no 100% certain strategy, but I believe revenue per sale is quite a close and objective metric for this decision.

@jsnover: you are right that E+ is riskier than P+, since the price increase is very steep. But that should not put anyone off putting the files with best chances in those collections :-)

107
Thanks Tyler (leaf) for opening up a board for Stock Performer! We like the idea of using MSG as a place to share ideas and discuss thoughts on analytics issues and microstock sales in general.

Our latest blog article looks at when to put files in E+ or P+. We contributed our ideas here: https://www.stockperformer.com/blog/how-to-best-select-your-exclusive-and-photo-files/

So let me kick off the first discussion: Do you agree with our premise that files with high revenue per sale can cope with a price increase where as files with smaller revenue per sales would probably suffer from it?

Looking forward to your thoughts!

Luis

108
Microstock Services / Re: Stock Performer
« on: February 19, 2012, 14:03 »
Thanks for the post and your interest in Stock Performer! We have sent out invites to all people who have requested one, but have had issues with our invites landing in the Spam folder. I assume this might have happened in your case.

Send me a message to [email protected] and I'll make sure you get your access code.

Thanks for your patience, and let me know if there is anything else I can do
Luis

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