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Author Topic: Are my income projections correct?  (Read 6269 times)

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« on: November 18, 2010, 17:15 »
0
I've contributed to SS since July and now have about 130 photos in my portfolio.

I make about $2.00 a day (8 to 12 images average)

So that is $60 a month. Do you feel this is below average, normal or above average?

Can I assume a constant multiple of:
100 images = $60 a month
1000 images = $600 a month
3000 images = $1800 a month $21,600
6000 images = $2600 a month $31,200 a year

View site
link

Also, I am open to feedback regarding my portfolio.

Thanks for your comments :)
OX
« Last Edit: December 13, 2010, 03:50 by oxman »


« Reply #1 on: November 18, 2010, 17:23 »
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No

that is the short answer.

The long answer is that sales seem to decrease for most older files along some sort of curve. Also the total number of new images seems to be outpacing the total number of downloads. This is offset somewhat in income by an apparent increase in ODDs lately, but in general I think increasing your portfolio by X will not increase your income by X.  (at least that is what I have found).

as far as how are you doing WRT average - I have no idea, that is about the numbers I had with about that number of images in my port.
« Last Edit: November 18, 2010, 17:25 by pancaketom »

helix7

« Reply #2 on: November 18, 2010, 17:37 »
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I did some similar projections a few years back when I was just starting out. I, too, had lofty goals of my six-figure earnings if I could just make enough new images. Needless to say, I'm still not driving that Audi I've had my eye on throughout those same years.

So no, you can't project future earnings in this way. And in fact, a lot of people have seen their incomes drop over the last year or two despite continuing to produce new images. Competition is stronger than ever in this business, and it's getting harder to grow your earnings in any meaningful way.

« Reply #3 on: November 18, 2010, 17:41 »
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helix and pan...

thanks for your quick replies. That is kinda what I thought after seeing others post about the DL/$ curve at SS flattening or descending. Oh well... it is what it is. It is still fun.

Do you think this trend is that same at ALL the microstock sites?

off to the studio...

ox

« Reply #4 on: November 18, 2010, 18:09 »
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I don't think what they said is entirely true. You can track RPI and have fairly accurate results. It's hard with a smaller portfolio though because RPI's tend to be higher when you have under 500 or 1000 images. You will run into pitfalls where your growth slows, stops or regresses. That usually means you need to change what you are doing. I'd say track the numbers and use them as a guideline. It may work for you and it may not, but it doesn't hurt to at least monitor it and set some goals.

microstockphoto.co.uk

« Reply #5 on: November 18, 2010, 18:12 »
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I did the same projections in the beginning. I suppose everyone does. But now I know: no, they aren't correct. Because the total number of pictures by all photographers is growing as well and only the exceeding part - compared to average growth - counts towards increasing revenue.

We need to upload an increasing number of pictures just for maintenance, not to lose market share, so it's a downward spiral to hell - in the long term. But as someone said in the long term we are all dead, so who cares.

Meanwhile, I am quite happy of being a sales-are-growing-although-less-than-proportionally microstocker.
« Last Edit: November 18, 2010, 18:56 by microstockphoto.co.uk »

« Reply #6 on: November 18, 2010, 18:31 »
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snip
thanks for your quick replies. That is kinda what I thought after seeing others post about the DL/$ curve at SS flattening or descending. Oh well... it is what it is. It is still fun.

That's the best way to look at it.

« Reply #7 on: November 18, 2010, 19:51 »
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how about some stats? (I add a little increase on Oct, but not done yet..)



I think that you will be a lot better than what I am these days.. so keep up! (not easy to upload, work, rejections etc..)

go for the quality, you would do a lot better.. (dont have much but I am working to get there)
« Last Edit: November 18, 2010, 19:54 by luissantos84 »

fotorob

  • I am a professional stock photographer

« Reply #8 on: November 19, 2010, 04:18 »
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No, this is not acurate, as many have stated.

Try to measure your MPM value as Yuri Arcurs explains here:
http://www.arcurs.com/advanced-stock-photography-termology-for-photographers

That will take the short half time at Shutterstock into account.

Bye,
Robert

« Reply #9 on: November 19, 2010, 08:28 »
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No, this is not acurate, as many have stated.

Try to measure your MPM value as Yuri Arcurs explains here:
http://www.arcurs.com/advanced-stock-photography-termology-for-photographers

That will take the short half time at Shutterstock into account.

Bye,
Robert

Utter BS. this silly "half time" Yuri invented changes from photo to photo, from artist to artist and from year to year. I can find a million different statistical equations that don't really mean anything.
What's important in the end is total income, RPI and like any other business ROI.

« Reply #10 on: November 19, 2010, 09:33 »
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how about some stats? (I add a little increase on Oct, but not done yet..)



I think that you will be a lot better than what I am these days.. so keep up! (not easy to upload, work, rejections etc..)

go for the quality, you would do a lot better.. (dont have much but I am working to get there)


A slightly personal question (and on a complete tangent) - is the port size on each of the sites a reflection on the toughness of the reviewers?   :-\

« Reply #11 on: November 19, 2010, 12:54 »
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As long as you focus on quality, you won't see as big a decline in your sales.

« Reply #12 on: November 19, 2010, 15:16 »
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As long as you focus on quality, you won't see as big a decline in your sales.

You almost got it.  But it's "As long as you focus on MARKETABILITY and UNIQUENESS you won't see a big decline in your sales."

I started out with a projection similar to what the OP described, and I'm well into my third year right along the very same trend line as my first few months.  I don't lose sleep wondering how to increase the quality of my uploads, but rather dreaming up topics that may have high demand but aren't being copied to death every day. That's the marketability aspect.  Before you say, "but if those images sell well, then they'll be copied," that's when the second key point comes in: uniqueness.  Create your shots in a manner and style that's difficult to duplicate, and conveys the core message of the image better than anyone else.  Focus on those two missions, and do them well, and you'll not only maintain that trend line, but perhaps even lift it.  That's been my experience anyway.

« Reply #13 on: November 19, 2010, 16:45 »
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A slightly personal question (and on a complete tangent) - is the port size on each of the sites a reflection on the toughness of the reviewers?   :-\

YES.. I try to upload the same pictures to all agencies.. Only IS is different once I started with only 15 uploads weekly, then the 18 and time ago the 20.. But I have only 56% approval so a smaller portfolio.. DT also takes a lot of time to review so I got always a few from the previous month.. Every agency is having totally different pictures, some approve others not.. On IS I try to put the pictures that sold a little better on SS or other agencies, picking the best possible batch every week

« Reply #14 on: November 19, 2010, 17:13 »
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I was hoping that would be a Yes  ;D  I hope to get more files on to SS than IS while recognising that I'll probably have more rejections than from the other 2.

« Reply #15 on: November 20, 2010, 10:35 »
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1000 images = $600 a month
No. Divide by 5.  ;D


 

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