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Author Topic: down the toilet  (Read 80267 times)

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dpimborough

« Reply #350 on: March 07, 2017, 14:54 »
+1
"So are you in denial that SS sales have nosedived in the last month ? " if you had said "So are you in denial that MY SS sales have nosedived in the last month ? " fair enough but there is no evidence that SS sales have fallen. Thats the point

They have nosedived!! and badly so! I dont know about your sales?  considering you are quite busy in this thread I presume you are a full-time stock-photographer and yes then you would feel a reduction in sales even more may it be SS or any of the other agencies.
So where is the concrete evidence that Total SS sales have nosedived? https://uk.finance.yahoo.com/news/shares-shutterstock-dive-earnings-sales-154600446.html
 

You seem to have misinterpreted the information on that page, as it clearly says year on year sales are up. Share price may be down, which it explains is due to them not hitting their target when it comes to sales increases, but sales haven't nose dived. They haven't even dropped or stayed the same... they've increased.

Sales revenue don't mean jack, it's their operating profit that matters.

Their operating profit is falling very dramatically and has been since 2015
Whose talking about revenue? Sales volume is up thats what the discussion is about. I actually don't care about SS operating profit...im not a shareholder.

Oh you'll care alright when SS find the only way to keep operating profit up is to cut costs and the bulk of those costs are related to royalty distribution.





« Reply #351 on: March 07, 2017, 15:01 »
+2
If there is an overall increase in sales at SS, it means there is a chance for revenue increase. Not a great one, but a small one and that's all you need sometimes. Common sense says that as the pie gets bigger, everyone gets a smaller piece as contributor numbers increase. That's not necessarily true. The pie gets bigger, but certain contributors take a bigger piece of the pie sometimes. Common sense can fool you.

As a regular buyer, I see what's going on better than most people. I was downloading about 10 images the other day and I noticed that most of the images I was going to download belong to one of the more prolific contributors...African Studio. I work in the healthcare space and these guys have 17,000 healthcare photos in their portfolio.

You know what else I noticed? They have good keywording. They have over 40 keywords each to maximize discoverability. I think many of you guys are looking at things that doesn't exist. While some of you see threats from Russia, Ukraine, Poland, and parts of Asia, I see the biggest threats from the big studios like African Studio, and RawPixel.com who are eating a bigger piece of the pie and leaving scraps for everyone else.

I expect the toughest competition from big studios with high quality work and high quality keywording, not from inexperience upstarts. Most small contributors are too inexperienced and doesn't produce good keywording, and their work will rarely be seen. Big studios dominate a good part of the search results. i suspect that the top 10% of the contributors make 90% of the profits, leaving the last 10% to the other 90% of contributors.

« Reply #352 on: March 07, 2017, 15:08 »
0
If there is an overall increase in sales at SS, it means there is a chance for revenue increase. Not a great one, but a small one and that's all you need sometimes. Common sense says that as the pie gets bigger, everyone gets a smaller piece as contributor numbers increase. That's not necessarily true. The pie gets bigger, but certain contributors take a bigger piece of the pie sometimes. Common sense can fool you.

As a regular buyer, I see what's going on better than most people. I was downloading about 10 images the other day and I noticed that most of the images I was going to download belong to one of the more prolific contributors...African Studio. I work in the healthcare space and these guys have 17,000 healthcare photos in their portfolio.

You know what else I noticed? They have good keywording. They have over 40 keywords each to maximize discoverability. I think many of you guys are looking at things that doesn't exist. While some of you see threats from Russia, Ukraine, Poland, and parts of Asia, I see the biggest threats from the big studios like African Studio, and RawPixel.com who are eating a bigger piece of the pie and leaving scraps for everyone else.

I expect the toughest competition from big studios with high quality work and high quality keywording, not from inexperience upstarts. Most small contributors are too inexperienced and doesn't produce good keywording, and their work will rarely be seen. Big studios dominate a good part of the search results. i suspect that the top 10% of the contributors make 90% of the profits, leaving the last 10% to the other 90% of contributors.

There are two pies and the top earners get 100% of the growing one, and then have their cut of the other one.

Phadrea

    This user is banned.
« Reply #353 on: March 07, 2017, 16:08 »
+3
Whatever the reason it's all gone crappy. Sales in every income stream for me (music/sfx/image) have diminished drasticly in the last 12-18 months. Producing more and more work doesn't even keep you running on the spot anymore. I feel like I am under the table of a feast scrabbling around for dropped crumbs only the crumbs are less and less.

In 6 years my house will be paid for so that's my goal. After that the pressure will be off somewhat.

« Reply #354 on: March 07, 2017, 16:39 »
+1
Yes, people from lower income countries are doing well, but most buyers are from western Euriope, Australia,  and North America.

 

Where is 'Euriope'?

In my tiny keyboard letters and big clumsy hands. ;)  I corrected it, but it's not my first typo and not gonna be my last.

Are you sure it's not because of your tiny keyboard AND tiny hands?  :P No... wait... that's why our president spells "tapp my phone"  ;D

« Reply #355 on: March 07, 2017, 18:52 »
+2
Yes, people from lower income countries are doing well, but most buyers are from western Euriope, Australia,  and North America.

 

Where is 'Euriope'?

In my tiny keyboard letters and big clumsy hands. ;)  I corrected it, but it's not my first typo and not gonna be my last.

Are you sure it's not because of your tiny keyboard AND tiny hands?  :P No... wait... that's why our president spells "tapp my phone"  ;D

LOL!  Nope, not to brag, but my hands are at least normal human sized.  Of course I don't go around grabbing the same things he does with them.  Or if I do its because I've been invited.  ;)

Maybe Trump's phone is the only thing he's tapping these days.... 8)

SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #356 on: March 07, 2017, 19:09 »
+1
Number 2 for me.

No need to be rude.

« Reply #357 on: March 07, 2017, 19:15 »
+2
Whatever the reason it's all gone crappy. Sales in every income stream for me (music/sfx/image) have diminished drasticly in the last 12-18 months. Producing more and more work doesn't even keep you running on the spot anymore. I feel like I am under the table of a feast scrabbling around for dropped crumbs only the crumbs are less and less.

In 6 years my house will be paid for so that's my goal. After that the pressure will be off somewhat.

Good luck on paying it off. I think the Microstock market has matured a lot from its younger days. I've seen over a dozen large studios with over 100K images in many microstock sites. Some has over 1 million images and they're incredibly successful. That's over 1% of an entire agency's portfolio. If we assume that they earn 1% of the revenue (I'm guessing a lot more), that's over $1 million a year. Spread that across multiple microstock websites, and they can earn over $3 million a year.

They can use that money to get the best gear, models, studio setups, props, dedicated uploaders, keywording experts, designers and more. That's what everyone has to compete with. I think it's a lot of nonsense when people say that there is no quality in Microstock. There's so much good work in there by these large studios. Maybe 75% is garbage, but you're still competing against 25 Million+ high quality images from studios and elite photographers/designers.

That's why I encourage people to learn to compete against the best on the other thread. It's pointless to worry about new contributors who got accepted because they got 1 image approved. That's like worrying about a little leech on your leg when you're surrounded by a bunch of lions.
« Last Edit: March 07, 2017, 22:19 by Minsc »

Phadrea

    This user is banned.
« Reply #358 on: March 08, 2017, 05:17 »
0
Macro stock/Micro stock. What's the difference. ?

SpaceStockFootage

  • Space, Sci-Fi and Astronomy Related Stock Footage

« Reply #359 on: March 08, 2017, 05:39 »
+1
Macro stock/Micro stock. What's the difference. ?

From what I understand, macro is exactly the same as micro, it's just more expensive.

« Reply #360 on: March 08, 2017, 05:43 »
+1
If there is an overall increase in sales at SS, it means there is a chance for revenue increase. Not a great one, but a small one and that's all you need sometimes. Common sense says that as the pie gets bigger, everyone gets a smaller piece as contributor numbers increase. That's not necessarily true. The pie gets bigger, but certain contributors take a bigger piece of the pie sometimes. Common sense can fool you.

As a regular buyer, I see what's going on better than most people. I was downloading about 10 images the other day and I noticed that most of the images I was going to download belong to one of the more prolific contributors...African Studio. I work in the healthcare space and these guys have 17,000 healthcare photos in their portfolio.

You know what else I noticed? They have good keywording. They have over 40 keywords each to maximize discoverability. I think many of you guys are looking at things that doesn't exist. While some of you see threats from Russia, Ukraine, Poland, and parts of Asia, I see the biggest threats from the big studios like African Studio, and RawPixel.com who are eating a bigger piece of the pie and leaving scraps for everyone else.

I expect the toughest competition from big studios with high quality work and high quality keywording, not from inexperience upstarts. Most small contributors are too inexperienced and doesn't produce good keywording, and their work will rarely be seen. Big studios dominate a good part of the search results. i suspect that the top 10% of the contributors make 90% of the profits, leaving the last 10% to the other 90% of contributors.


BTW they are from Ukraine (Africa Studio) and probably get about 1% of all royalties paid to contributors.

« Reply #361 on: March 08, 2017, 06:01 »
+1
Macro stock/Micro stock. What's the difference. ?

From what I understand, macro is exactly the same as micro, it's just more expensive.
I think there may be more rules about exclusivity and rights management  ...I would imagine a customer might be a bit annoyed after paying $$$$ for an image to see it all over the place. Also its can be hard to be accepted you often need a big and impressive portfolio. Customers pay a premium for perceived better quality and more directed searching.

derek

    This user is banned.
« Reply #362 on: March 08, 2017, 06:40 »
0
haha!  the shutterstock forum! havent been there for years but popped in a few hours back OMG!!! its like reading the bible of death. There is a thread there highlighting daily earnings and reading that one gets the impression the site is going bust!  I mean really haha! its so bad it comical. ;D

Phadrea

    This user is banned.
« Reply #363 on: March 08, 2017, 07:01 »
+1
Bye bye on demand sales. Bye bye.

Phadrea

    This user is banned.
« Reply #364 on: March 08, 2017, 07:02 »
+5
haha!  the shutterstock forum! havent been there for years but popped in a few hours back OMG!!! its like reading the bible of death. There is a thread there highlighting daily earnings and reading that one gets the impression the site is going bust!  I mean really haha! its so bad it comical. ;D

I don't find it funny.
« Last Edit: March 08, 2017, 07:07 by Herg »

dpimborough

« Reply #365 on: March 08, 2017, 07:27 »
+2
I don't find recent sales funny either, this week I have to go back to the very beginning of my start in SS when I had 10 images to see sales this bad :(

derek

    This user is banned.
« Reply #366 on: March 08, 2017, 07:31 »
0
haha!  the shutterstock forum! havent been there for years but popped in a few hours back OMG!!! its like reading the bible of death. There is a thread there highlighting daily earnings and reading that one gets the impression the site is going bust!  I mean really haha! its so bad it comical. ;D

I don't find it funny.

No of copurse not. Its pathetic but it was more like tounge in cheek if you know what I mean.

However and this is strange its never occurred to me. Notice how many people complain about their portfolio "vanishing" for hours on end?  well thats exactly what I am experiencing.
I am seeing a complete dead-time European time between 13.00 to 21.00 hours and this is right on the dot! for over two weeks exactly the same pattern.

I really haven't got a clue so what going on? :)


Phadrea

    This user is banned.
« Reply #367 on: March 08, 2017, 07:32 »
0
The same pattern I am seeing at Envito.

derek

    This user is banned.
« Reply #368 on: March 08, 2017, 07:49 »
0
The same pattern I am seeing at Envito.

Oh well maybe they have all become clever.

« Reply #369 on: March 08, 2017, 09:53 »
0
haha!  the shutterstock forum! havent been there for years but popped in a few hours back OMG!!! its like reading the bible of death. There is a thread there highlighting daily earnings and reading that one gets the impression the site is going bust!  I mean really haha! its so bad it comical. ;D

I don't find it funny.

No of copurse not. Its pathetic but it was more like tounge in cheek if you know what I mean.

However and this is strange its never occurred to me. Notice how many people complain about their portfolio "vanishing" for hours on end?  well thats exactly what I am experiencing.
I am seeing a complete dead-time European time between 13.00 to 21.00 hours and this is right on the dot! for over two weeks exactly the same pattern.

I really haven't got a clue so what going on? :)

Nothing will happen if it was not written in the code

jonbull

    This user is banned.
« Reply #370 on: March 08, 2017, 11:48 »
0
increasing the quality and number of upload is working for me...i had mostly editorial, in the last year i have seen that uploading is the key. i have still super big backlog to upload so no need to create but just upload.
i'm increasing download constantly since october..20% month....what i'm not seeing is the increase in sod and extended and this is the key for a good income. making 20k at month with 0,38 is becoming difficult:)

ShadySue

  • There is a crack in everything
« Reply #371 on: March 08, 2017, 11:52 »
0
Macro stock/Micro stock. What's the difference. ?

From what I understand, macro is exactly the same as micro, it's just more expensive.

Some specialist macros will have a much deeper and wider selection for their specialism, guaranteed accurate captions, descriptions and keywords. For their target buyers, that's crucial.

JimP

« Reply #372 on: March 08, 2017, 13:24 »
+1
Over a cliff big time. Absolutely trashed my sales. I fear this is the law of diminishing returns.

In 2010 you wrote this. Seems like nothing much has changed? Did you ever get much accepted at SS?

Terrible month. Photo sales have dropped every month this year so far. Dec up to now is even worse. Absolutely awful.

So are you in denial that SS sales have nosedived in the last month ? Have you read the forums ? Since they changed the site.

And for your interest I get almost every image accepted.

How does the change in the contributor site make sales nosedive? I don't understand that.

No my photo sales on SS have not dropped. Better than ever. I don't make sfx or music for SS I can't comment on that part of your collection. I didn't know that SS took music or sfx from us.

Phadrea

    This user is banned.
« Reply #373 on: March 08, 2017, 14:38 »
+3
I don't make audio for ss, they refused me despite me selling pro and royalty free in broadcast etc. They know as much about audio as Envito knows about photography.

Well 2017 is utterly crap and getting crapper. What's the point. :-\

« Reply #374 on: March 09, 2017, 14:48 »
0
More than 4k images and footages on SS. Two sub sales today! Usually I sell in average 40 images per day. 2017 SS = R.I.P


 

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