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Author Topic: I GOT A SINGLE & OTHER FOR $0.10!!!!!!  (Read 6229 times)

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« Reply #75 on: June 04, 2020, 10:46 »
+7
Sales disabled, now it is a game of wait and see.


« Reply #76 on: June 04, 2020, 11:48 »
+1
SSTK....That is the Stock Symbol for SS. What I am going to say no one is going to like but this is one way to make some of your money back from SS. I really can't figure out how much money I am going to lose from my photos at SS but it is quite significant. My 38 cents sells are now 10-17 cents each. My 2.85 sells are now 87 cents. So it looks like I will lose somewhere in 60-75 % of my sells /dollars from last year. If my math is even close to correct SS (SSTK) Wall Street stock will have a huge increase in profits(60-75%) . Which means their Wall Street stock will go up , a lot. Buy their stock SSTK now and sell it when it goes up. It will go up most likely. No this is not what anyone here on microstock group wants to hear but this is one way of getting some of your losses back. I really see no other way. If you stay on SS with your photos you will lose money, if you close your account you will lose money. Yes this is a creepy/sorry way to get your money back but I see no other way if you want your money back. Money is not everthing and yes I know dignity is important but neather of these items buys you food or photo equipment. i am guessing this post will get some haters.

« Reply #77 on: June 04, 2020, 11:54 »
0
Curious to know what people are getting paid for on demand sales.
Yesterday I got two, $2.75 and $3.28. I am level 4.
I was not expecting that much to be honest, but apart from that it is a disaster...

Level 4 here too. Got few $2.94 on demand sales.

« Reply #78 on: June 04, 2020, 11:58 »
+3
SSTK....That is the Stock Symbol for SS. What I am going to say no one is going to like but this is one way to make some of your money back from SS. I really can't figure out how much money I am going to lose from my photos at SS but it is quite significant. My 38 cents sells are now 10-17 cents each. My 2.85 sells are now 87 cents. So it looks like I will lose somewhere in 60-75 % of my sells /dollars from last year. If my math is even close to correct SS (SSTK) Wall Street stock will have a huge increase in profits(60-75%) . Which means their Wall Street stock will go up , a lot. Buy their stock SSTK now and sell it when it goes up. It will go up most likely. No this is not what anyone here on microstock group wants to hear but this is one way of getting some of your losses back. I really see no other way. If you stay on SS with your photos you will lose money, if you close your account you will lose money. Yes this is a creepy/sorry way to get your money back but I see no other way if you want your money back. Money is not everthing and yes I know dignity is important but neather of these items buys you food or photo equipment. i am guessing this post will get some haters.

Personally, Im not convinced that SSTK will outperform ADBE or even basic stock indexes like S&P500. You will be better off investing elsewhere.

« Reply #79 on: June 04, 2020, 12:05 »
0
Tpack you may be correct as i really don't know much about Wall Street. Then I don't know of many industries that go up 60-75% in sales/profit in one quarter. Even Amazon dose not reach those number. As in most situations the artist always lose and the jerks win. I just would love to win once in my life.   

« Reply #80 on: June 04, 2020, 12:09 »
+3
If you stay on SS with your photos you will lose money, if you close your account you will lose money.

Im not sure about that, but if my picture is unique enough buyers might look for them at other agencies (like Adobe or Alamy) and buy them there- for a higher price and more profit for me.
As long as I sell the same pics for 10 cent on SS clever buyers will always choose the cheap option at SS.
If that option does not exist any longer they might (!- I dont know if they will or prefer buying peanust for peanuts at SS) pay more at a different agency.

I had quite a few very good sales at Alamy which shows some buyers do prefer quality.

« Reply #81 on: June 04, 2020, 12:23 »
+4
Astrantia,  no one wants to hear this also but it is true. My wife before she retired was a large buyer of images for a large corporation. She had accounts with Istock and SS. Her only goal was to find images that were correct for her assignment ASAP. She did not care what the price was as she has accounts already setup. All she wanted were images or illustrations that would work. We all think our images are special and they are to us. To my wife the buyer of images it was just a job finding images and she wanted to finnish her job so she could go home that day without working overtime that night.

H2O

« Reply #82 on: June 04, 2020, 12:32 »
0
Astrantia,  no one wants to hear this also but it is true. My wife before she retired was a large buyer of images for a large corporation. She had accounts with Istock and SS. Her only goal was to find images that were correct for her assignment ASAP. She did not care what the price was as she has accounts already setup. All she wanted were images or illustrations that would work. We all think our images are special and they are to us. To my wife the buyer of images it was just a job finding images and she wanted to finnish her job so she could go home that day without working overtime that night.

This of course is exactly how large companies operate, your wife will have a trained eye for a good image.

« Reply #83 on: June 04, 2020, 12:49 »
0
SSTK....That is the Stock Symbol for SS. What I am going to say no one is going to like but this is one way to make some of your money back from SS. I really can't figure out how much money I am going to lose from my photos at SS but it is quite significant. My 38 cents sells are now 10-17 cents each. My 2.85 sells are now 87 cents. So it looks like I will lose somewhere in 60-75 % of my sells /dollars from last year. If my math is even close to correct SS (SSTK) Wall Street stock will have a huge increase in profits(60-75%) . Which means their Wall Street stock will go up , a lot. Buy their stock SSTK now and sell it when it goes up. It will go up most likely. No this is not what anyone here on microstock group wants to hear but this is one way of getting some of your losses back. I really see no other way. If you stay on SS with your photos you will lose money, if you close your account you will lose money. Yes this is a creepy/sorry way to get your money back but I see no other way if you want your money back. Money is not everthing and yes I know dignity is important but neather of these items buys you food or photo equipment. i am guessing this post will get some haters.

Careful, it's not that easy...
If you want to see what the impact on your earnings will be, you likely need a bit more time.
And then the losses will not be equal for everybody, e.g. big sellers get higher percentages and may lose less.

Now assume the average income loss for contributors would be 50% (just to have a number), that does not mean that SS profit goes up by 50%.
Our commissions are just part of their costs (they also have to pay for salaries, technology, office space...), I remember from earlier reports that commissions were around one third of costs.
So a loss for us of 50% would bring down their costs by around 15%.
What that means for their profit depends on their current profit margin (which I do not know).

Last but not least: stock markets today are very efficient.
While we are still in shock about that rate cut, for the (big) players in the stock market this is already old news.
This change was publicly announced 10 days ago (that's an eternity on the stock market where trading is done in microseconds!), it's fully priced into the stock already.

« Reply #84 on: June 04, 2020, 13:04 »
+1
Admittedly only 12 hours but so far ive only managed to sell 23 subs for a total sum of $3.06.  Last month i'd have earned 8.74 with that.
Giving me an average RPD of $0.13 down from $0.38.  Or roughly a 65% decrease in earnings.

And this is level 5.



« Reply #85 on: June 04, 2020, 15:15 »
+1
Curious to know what people are getting paid for on demand sales.
Yesterday I got two, $2.75 and $3.28. I am level 4.
I was not expecting that much to be honest, but apart from that it is a disaster...

$2.23 and $2.57 so far.  Several of each.  Im level 5.  (Used to get $2.75)

Thanks, similar to what i got.

« Reply #86 on: June 04, 2020, 15:16 »
0
Curious to know what people are getting paid for on demand sales.
Yesterday I got two, $2.75 and $3.28. I am level 4.
I was not expecting that much to be honest, but apart from that it is a disaster...

Just got 10c on demand. The same as the subs. I should feel lucky that I also got 50c demand. Wow.

 :'(

What? 10c on demand!?

« Reply #87 on: June 04, 2020, 15:34 »
0
Wasn't subscriptions supposed to change? I am still getting a lot of $0.38 or maybe they kept the annual prepaid plans the same and they changed only the dl's from new customers?

Did they clarify this anywhere? I still have a large part of "normal" sub downloads.

The only way to test what really SS did is by monitoring it as Lifetime downloads vs lifetime downloads before new system came into effect.

So for example my lifetime average in SS was 0,65 / dl, if it drops it means that the new system isn't all that good for contributors.

Couldn't agree more. It's a waiting game. I think I will give it 30-60 days before making any decision. It does little good right now to shake your fist and shout at a corporation that has already determined they don't need the people that will pull their ports.

« Reply #88 on: June 04, 2020, 16:37 »
0
Wasn't subscriptions supposed to change? I am still getting a lot of $0.38 or maybe they kept the annual prepaid plans the same and they changed only the dl's from new customers?

Did they clarify this anywhere? I still have a large part of "normal" sub downloads.

The only way to test what really SS did is by monitoring it as Lifetime downloads vs lifetime downloads before new system came into effect.

So for example my lifetime average in SS was 0,65 / dl, if it drops it means that the new system isn't all that good for contributors.


Couldn't agree more. It's a waiting game. I think I will give it 30-60 days before making any decision. It does little good right now to shake your fist and shout at a corporation that has already determined they don't need the people that will pull their ports.


Let's be aware that even if afte 1-2 month the data would look tolerable (not likely..) it's still dangerous that the subscription downloads are also percent based, SS will able to discount subscription as much as they want...

« Reply #89 on: June 04, 2020, 17:21 »
+10
For all those planning to wait and see how things turn out, do remember that if there is an improvement down the road after Shutterstock watches their assets walk out the door, it will be because of other people's efforts that you can enjoy the benefits of that improvement.

My prediction is that the financial pressures on Shutterstock will not let up, but that we might be able to persuade them to look elsewhere for the cash instead of gutting royalties (and don't be beguiled by the big percentages; it's the low subscription royalties that will boost their profits and tank your overall earnings.

« Reply #90 on: June 05, 2020, 13:36 »
+3
This looks promising

« Reply #91 on: June 07, 2020, 10:38 »
+2
If you want to take action: https://www.microstockgroup.com/shutterstock-com/stop-uploading-to-ss-join-the-action

Also recommend a couple Facebook groups to link up with more folks dedicated to pushing back on the Shutterstock commission cut (some of those people are here as well). We're stronger unified.

Stock Submitter Coalition: https://www.facebook.com/groups/261369748434285/
Shutterstock Contributors Worldwide: https://www.facebook.com/groups/1686048705011055/




 

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