So...

People that are established on envato are probably pretty happy. Reduced competition with the new uploading process. But it seems envato has been doing that for the past year (from deleting 100's of items on the queue with their old cumbersome interface, to a 'six month' waiting time (which, of course would probably be extended seeing as how they do business).

Any comments on what to do if you've been blocked from uploading?

Curious...

Do you audit the agencies you submit to? In most cases - you have to take their word for how many sales you get, etc, because there are no type of 3rd party analytics you can use on those sites.

So do you ever say have yourself or a friend place an order for an image or video, to see whether you actually get credit for that sale? (In other words, if you do a random test - and you get a sale, chances are the agency is legit. But if you do a random test - and nothing shows up - maybe you aren't getting credited with everything?)

Some people were wondering how this would work, this is how I see it, how about you?

Basically, with this system, assuming a 'better' case scenario, it looks like the founders will become very rich. You, as a photographer, if you get on the ground floor *and* it takes off, will make "some" money (probably better than you are right now) - but it really makes the founders rich.

a) 23% of the coins are reserved for the founders. At the current capitalization (20 cents), that would be about 6 million. However, they are hoping it takes off, like ETH/BTC, etc - so a coin would 'eventually' be worth $200-$300. (So that 6 million is now worth 6 billion. Split up amonst the team members (22), assuming everyone got an even cut (unlikely, but lets say it was that), thats about 270 million/investor.

b) Another 15% is taken for every transaction (buy/sell/buy/sell/buy/sell). If they got a 5% daily trading volume (seems reasonable looking at current crypto charts), that would be 6.75 million coins, and if it was $200 a coin, that would be $675 million/day, in pure "profit". (or 24 billion/year). Split amonst 22 employees/founders (again, assuming it was even), thats about $1 billion/employee per year for basically doing nothing, especially because the system is 'distributed' (i.e., doesn't really cost them anything to maintain).

c) You, as the photographer, might feel you "got" rich if you were on the ground floor (i.e., sold some cheap $0.20 images now, & kept the coins). Likely, you might say get 100-200 sales  (so 200 coins * $200 = $40,000). Maybe you get 2000 sales. Then that's $400k. You'd "feel" good thinking you were rich. (relatively speaking, for very little effort, $40k isn't bad. And $400k of course is a bit better. Definitely nothing like 1 billion, but you could buy a new car, whereas they could buy a city).

That's a "better" case scenario...

Thing is...

a) If it takes off, other people will copy them. It's not really that hard to make a bitcoin blockchain like they have. Granted - they'll have the first mover advantage - but... really depends if they rich critical mass or not. If they don't, it will be very easy for other people to undercut them at say at 10% cut, or 5% cut, etc, etc... (until eventually it gets to say 1%, or 0.01%, etc).
The founders will still make a healthy profit, but - the size of their profit will depend pretty much on how much of the market they were able to capture first. (Probably part of the reason they are doing the '500 "royalty free" image promo).

So very quickly that 15% "cut" won't be attractive anymore, because someone else is offering a "10%" cut, or "5%" cut, etc, etc.

b) There is NO privacy. Aside from the fact they are a relatively unknown company, demanding id verification/etc - and then 'tagging' each image you upload with your details (making it potentially ripe for identity theft, etc)... You'll have customers that become very wary very quickly if they really want "everyone" knowing what types of images/videos/etc they are purchasing... (i.e., lets say a married guy 'purchases' 2000 lingerie images of various women, then realizes his name/info & complete portfolio is available for the world to see). Would have some explaining to do to his wife...

c) The big guys WILL protect their turf VERY aggressively - especially if these guys start getting the "aggressive" growth they are going for. Shutterstock is already starting to that (granted, "late" to the game with the $1.50 "subscriptions" sales people are complaining about) - but - they are getting on it.

So what will happen?

The first people that upload, I do think will make (relatively speaking) significant sales in the first year (just be aware though you will have absolutely *no* privacy associated with your images (imagine your name and face is tagged with every single image you sent), nor will you have *any* privacy in terms of how much $ you are making. If you are fine/comfortable doing that, then go ahead).

I think if they have the right launch strategy - it will be "possible" that the coin within the next 2 years gets to about $10. Definitely not $200 or even $2000, but still enough to make the founders very rich. (So, not 270 million/founder, but 27 million within a year about $100 million/year for doing nothing. Still "not bad"). But as soon as it starts making some waves, you'll very quickly have copycats. (In fact - reading this thread - I don't believe they were the first one to have this idea - wasn't there someone else here that was talking about that?)

If you as a photographer actually start making a "significant" amount of money (for some people, even $200-$300 is "significant", so you haven't even reached $40k) - VERY very quickly "everyone" else will start flooding the system uploading content/etc, so its harder for you to make sales, etc.

And then I think there will be some news stories talking about people's privacy/etc being compromised, people will "sell off" their coin for fear of losing value. You'll also get market manipulation as some people discover how to manipulate the system to get rich (not much different from the stock market in the 1900's, except now this is all digital).

So... I think you'll see a spike at the launch, a spike probably 3-4 months after that, and then as other people catch on (competitors, agencies, etc) - it will very quickly die down, and maybe settle on $3-$4 a coin. So, if you want to "get rich" (i.e., "maybe" $20-$40k within a year), are comfortable with no privacy, then it would probably be a good idea to upload your portfolio now, and then maybe sell whatever coins you have within 6-7 months before the price drops (mind you - I think I read somewhere that they said they would not allow cash outs until that was implemented 'within a year'. So maybe wait 2-3 months after cashouts become a possibility).

I think for the founders, its a great model if they can sell it. It will make them rich for relatively little effort.

So we'll see.

From what I've read, and from what I've seen, more and more stock agencies are going the subscription route.

For the companies, it's a great model. If you need to expand your library to make it more valuable, just pay a low 1-time fee to authors who are usually willing to accept anything, but then re-sell that same content over & over through subscriptions. And continually make money through subscriptions. The more content you have, the more attractive it becomes to a client to sign up for a subscription.

For the authors - not so great. Eventually, it seems the library of clips would become so large - that people would only purchase a clip if it was a very specific unique clip that they couldn't find in the library. Before, if there were only 1000 clips in a library, likelihood of making a sale is very high. But if you have a library of 1 million clips, chances of you not finding what you want pretty small - unless it is a very specific clip that you want and can't find anywhere else.

So...... my question is... seeing as that appears to be the trend (more money to subscription based companies, less to authors), what would you do to adapt/continue to make sales, and or more sales in the future?

Read the other post, didn't want mine to get lost in it seeing as it is slightly different...

I see both pros and cons to sites like unsplash... While of course I don't particularly care for the additional competition (and don't currently give photos/etc away for free, but may have to re-think some stuff)... I've seen a few posts where people don't "get" how other people can benefit from giving away their work for free...

Pros to "free" sites like unsplash:

a) "Exposure". Just getting exposure for exposures sake of course won't get you anywhere, other than bragging rights. But 'smart' people use it kind of like a "sample" - the same way you go to the store and they give you free cookies. Of course, they don't want you to just sit there and eat boxes and boxes of cookies (which, some people do - they go to costco to have a 'free' lunch). But those people (at least right now) tend to be the minority, and a lot of people will go "hmm, I like those cookies" then buy a box, maybe another, and it becomes a new habit. The same way with photography.

So if you have whats called a sales funnel set up correctly, you can benefit from the "exposure". Most don't. But you can. It's not really too much different from how people give away "free" videos on youtube, but then monetize it through advertising (although google is the big winner there), etc, etc.

So "exposure" does have value - IF it is used correctly.

b) "The lottery ticket". - Most people are REALLY bad at math. That's why lotteries keep selling tickets, and casinos keep on getting people coming. Yes - there will be winners, but for most, no. The woman from Utah - if indeed she has had "Over 7 MILLION" downloads, etc, etc - first of all, good for her - but second she's the exception, not the rule. If she was indeed the first (or one of the first) to sign up on unsplash - then yes, I can see how she would be benefitting massively. EVERY time someone "new" signed up - they checked out her stuff first. The more "looks" she got, the more popular she becamse, and it snowballed, until she was #1. Not necessarily because her stuff is "good" (took a look and meh, it's "okay", some of it is nice, but the rest, well... it's a very specific style that some people like) - but she happened to be one of the first people there. So she benefitted. Just like other industries like bitcoin, etc. If you got in on bitcoin, etc 'first' - you'd be laughing right now. But if you are trying to "get rich" now on bitcoin, good luck.

But if you are one of the first ones - then yes, you can be a lottery ticket winner.

Cons:

a) Legality of Model releases, etc. This in some ways is only an issue if people sue/complain/etc. If no one complains, then it is really a mute point. Long term I think enough people will start complaining and unsplash will 'clean up' their act.  But that will only happen when they become super popular.

But by that time, the owner will be laughing all the way to the bank, because he will have sold the business to someone else to make it someone elses problem. Then they'll just simply post a notice saying "we'll respond to dmca notices", monetize it through ad revenue, etc, etc.

b) Affecting microstock. Yes & no. Yes for popular/easy shots. No for the not so popular shots (I agree with what someone else posted, i.e., like pictures of your toilet, or a proper business meeting, etc, etc).

Longterm

I think the free sites will stick around (unsplash is certainly not the first. It may be one of the most recent however). I think 123RF actually 'used' to be "free" stock a long time ago (i.e., 10-15 years ago? or maybe I am thinking of someone else?), then became a paid site. So I think unsplash will probably do something similar. It's not really that original, just copying a few concepts from a few different sites that worked, and pasting it together.

But there will still be a market for 'paid' work, because some people don't want to deal with the potential hassle of a lawsuit (i.e., model releases), and like to go through the 'proper' channels to make sure everything is nice and neat. And some people LIKE professionally framed shots, proper lighting, or the ability to pick from 20 variations of a specific theme instead of having to settle on 'one' specific image.

The expression, the more things change, the more they stay the same, is really quite true.

I'm trying to figure this out... does 123RF set the prices? If so - where does it state that?
I'm uploading video footage - and it wants me to select a tier of 1, 2, or 3... not sure which to select...

Also... any suggestion of which may be better/get more traction?

Thanks!

Hi -

I'd like to register with shutterstock - but they demand a full passport and/or drivers license (nothing covered up). Which means your complete license #, and or passport #, *and* they demand your signature as well.
 
I think that is wrong - especially nowadays with all sorts of security breaches. All it will take is one breach and a ton of people's identities being misused.

Did you have to go through this process? If not - what did you do to get signed up?

I'm lucky I am in the position to purchase this if I want - although I still need to be able to justify the cost.

To get the lenses I'd want to get with it (1 or 2 good quality ones, probably a 250mm since the 600mm is a monster size lense, and maybe a 25-70mm) - would probably be about $6000-$7000 total.

Is it worth it?

The 'main' advantages I see are:

a) Good night shots for timelapses
b) More accurate color quality/better motion tracking night shots/videos as well.

But - at the moment not sure if that would be sufficient to recoup my cost on the investment, + make a profit. Of course it would be fun - but - need the profit on it as well.

What are your thoughts?

Hi All!

Relatively new to the 'stock photography/video' scene, although I have been taking pictures/videos for a very long time! Thought it was cool when I realized I could sell my work online too.

Question. I've been trying to register for deposit photos for about 5 months now - but just get the runaround. Is it all run by bots now? Since the depositphotos sub forum here seems to be last posted in august 2017, not sure if anyone uses them any more? I'm posting a link to my original thread there: http://www.microstockgroup.com/depositphotos/deposit-photos-registration-not-working/new/#new

Any insight into this would be greatly appreciated, thanks!