MicrostockGroup
Agency Based Discussion => Shutterstock.com => Topic started by: JetCityImage on June 01, 2020, 11:02
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WOOHOO :( :( :(
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So might that be one of the Facebook (or similar) deals that had subscription royalties showing up in the SOD column?
How nice for you to hit rock bottom right out of the gate :)
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Another 1000 sales and maybe you'll reach 100 $ for the energy bill...good luck ;D ;D
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OUCH - sorry - and I just cringed over a .17 SOD.
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I just got a $0.10 sale and a $0.14 sale. I shut down my portfolio.
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This is exactly why this poll (https://www.microstockgroup.com/shutterstock-com/(ss-boycott)-fill-out-this-form-to-determine-our-collective-goals-and-leverage/) was set up.
Instead of us individually crying over $0.10 sales, we need to organize, pool our portfolios in a collective and be direct towards shutterstock - either compy with our terms or we'll all shut down our portfolios.
While the response was ok (161 responses thus far), we didn't even reach 1% of their database. That's unfortunate.
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Yup, happened to me too. After getting five sales for $0.36 today, I got one sale for $0.14 and another for $0.10.
Good bye Shutterstock
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The *insult removed* have won. Screw 'em.
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Just got a 0.10$ SOD too (L5/35%) . Maybe I should save those to buy that poor SOB CEO a beer. Cheers!
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I can also see $0.10 Single and other.. its so depressing :(
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(https://whitcombe.org.uk/files/Annotation%202020-06-01%20235122.jpg)
Indeed. We have. Smug comment there...
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As you can see no more money for all of you
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shitterstock.com
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What they expect ? contributor will stey there. How can calculate they will make money as a company and contributor will make money. I dont understand.
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I just got my first 10 cent sale from SS on this photo. The good news, this has been a good seller and I have made a couple of thousand dollars of the lifetime of image. The next couple of thousand at 10 cents will take a long time.
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I just got a $0.10 sale and a $0.14 sale. I shut down my portfolio.
I'm due to get a payout at the end of May. It hasn't gone through yet, so I have to put my portfolio back up until it goes through. It should be very soon, within the next couple of days.
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$0.14 over here ... (lvl 5)
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0.10c , retirement plant went down the drain ....
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Honestly, who would have thought that Bigstock would become the better of the two...
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It hurts enough to see our work being sold for pennies. I already have one of 0.10 and another of 0.14. After so many years of work it is very sad. At any time I disable the sale of images from my account. >:(
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0.10 and 0.14 here too >:( >:(
few 0.38 subs, pretty dead day for me!
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Honestly, who would have thought that Bigstock would become the better of the two...
I am absolutely sure not for long time
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$0.14 and $0.87 over here, both listed as Single & Other ... (Level 4 / 30%)
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Me too 10cent. Hopefully SS will get bankrupt immediately. Maybe Adobe should buy SS an close them...
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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.
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Sorry for all you guys still left at SHITTERSTOCK (word cribbed with appreciation from Trabuco), but I can tell you…
Out here in the non-SHITTERSTOCK world, the air is fresh and clean, the water is wet and cool, and there are new worlds to conquer.
I'm sooooo happy to be outta there!
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I just got a $0.10 sale and a $0.14 sale. I shut down my portfolio.
I'm due to get a payout at the end of May. It hasn't gone through yet, so I have to put my portfolio back up until it goes through. It should be very soon, within the next couple of days.
If you reached the payout minimum by May 31st they should pay you don't have to have an active portfolio.
Bear in mind payments are usually made around the 7th day.
Unless they get the bright idea to change that too
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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.
Subscription now seems to be in Single And Others now
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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.
Subscription now seems to be in Single And Others now
They are in both, just depends on how they were purchased. Deals made with the Enterprise Team will be in Single And Others and likely discounted hence 10c.
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Same here-- $0.11 sale. Waiting to reach payout (soon) and then leaving. Stopped iploading new images after announcement.
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Subscription now seems to be in Single And Others now
Kate Shutterstock answer:
"As you've noticed, most earnings are displaying in the Single & Other column. This is a display issue that we are working to resolve.
All your commissions are being calculated correctly, they are just displaying in the wrong category.
Thanks for your patience while we prepare a fix for this issue."
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fuсkers
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Subscription now seems to be in Single And Others now
Kate Shutterstock answer:
"As you've noticed, most earnings are displaying in the Single & Other column. This is a display issue that we are working to resolve.
All your commissions are being calculated correctly, they are just displaying in the wrong category.
Thanks for your patience while we prepare a fix for this issue."
it is scary how much this sound like a reply from IS back in the day
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Subscription now seems to be in Single And Others now
Kate Shutterstock answer:
"As you've noticed, most earnings are displaying in the Single & Other column. This is a display issue that we are working to resolve.
All your commissions are being calculated correctly, they are just displaying in the wrong category.
Thanks for your patience while we prepare a fix for this issue."
it is scary how much this sound like a reply from IS back in the day
Exactly right. Circa 2011.
And I predict this will end just as badly for SS.
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I'm in a way glad I got some 'old-fashioned' $2.85 and $0.38 sales today, no $0.10 sales yet.
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nearly 30% for 0.1 in my all download >:(
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I started off with a .38 sub sale this morning so thought maybe it was going to be OK. After that it was a bunch of SODs ranging from 0.10 to 0.63, with most at 0.10. More SODs in a day than I've had in a long time - are they doing some sort of special promotion?
In a way this is sort of a relief. I was debating how much time to spend on microstock and was feeling guilty that I wasn't doing more, but with this it clearly is no longer worth the effort (hasn't been for quite a while, really) so will focus on other projects. It was a fun 11-year run for me and sad to see it mostly go away. For a while there Canva really picked things up and beat SS for a few months so I thought they were the way to go. Now they have faded way back and after their current six-month guarantee runs out they will be down to peanuts too. Then AS looked like they were going to take over but sales slowed down and they never really got out of fourth place for me (although they might be able to overtake SS now). Won't even talk about the drops at iS and 123. During all that time even though SS had slowed a lot from the peak they were still fairly steady. I assume this will cause most contributors to drop out and maybe eventually there will be an equilibrium but I won't hold my breath for that. It's too bad but probably inevitable.
They always say that when one door closes another opens, but nobody has a saying for when many doors close at once. Glad I still have my real job.
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... More SODs in a day than I've had in a long time - are they doing some sort of special promotion? ...
From their forum, the explanation was that it was a bug causing subscription downloads to show up in the SOC column - right low-ball number, but wrong column. They say they've fixed it (I can't check as my portfolio is now disabled, so I can only see sales from October 2004 to May 2020 :) )
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Im seeing sub sales of 10c, 12c and 17c. And im at level 5.
So in January i guess those will all be nearer 10 cents.
Im not yet feeling the motivation and fairness they promised me in the email.
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Sorry for all you guys still left at SHITTERSTOCK (word cribbed with appreciation from Trabuco), but I can tell you…
Out here in the non-SHITTERSTOCK world, the air is fresh and clean, the water is wet and cool, and there are new worlds to conquer.
I'm sooooo happy to be outta there!
SS royalties were a bad deal back in 2007. Taking into account the cumulative rate of inflation of 23.7% since then it was an even worse deal in 2020 before this sudden decrease in royalties. Now it makes no sense at all to contribute or sell your images on this site. None.
Seriously folks have some self respect.
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I'm getting higher payments in the Subscription section of the earnings report, but then lots of smaller numbers in the Single and Other section. And what is even worse - those small numbers don't align with the table that we sort of understood would be used to pay out against the various subscription packages. I included that table in my blog post so I have an easy place to find it, but it is here as well. I don't know who produced the first version of this (lost in the Shutterstock forum), but thanks to that person:
(https://backyardsilver.com/wp-content/uploads/2020/06/ShutterstockPayouts.png)
Steve
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I'm getting higher payments in the Subscription section of the earnings report, but then lots of smaller numbers in the Single and Other section. And what is even worse - those small numbers don't align with the table that we sort of understood would be used to pay out against the various subscription packages. I included that table in my blog post so I have an easy place to find it, but it is here as well. I don't know who produced the first version of this (lost in the Shutterstock forum), but thanks to that person:
(https://backyardsilver.com/wp-content/uploads/2020/06/ShutterstockPayouts.png)
Steve
You will never be able to follow that chart due to discounting, and now they can do it big time.
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Interesting about the discounting comment - so that is maybe why Shutterstock would not produce a chart showing these sort of numbers I guess.
Steve
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I'm getting higher payments in the Subscription section of the earnings report, but then lots of smaller numbers in the Single and Other section. […]
Steve
Yeah, me too, $0.13 instead of 0.10...
(I'm still waiting for the mail from Paypal to deactivate my portfolio.)
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I'm getting higher payments in the Subscription section of the earnings report, but then lots of smaller numbers in the Single and Other section. And what is even worse - those small numbers don't align with the table that we sort of understood would be used to pay out against the various subscription packages. I included that table in my blog post so I have an easy place to find it, but it is here as well. I don't know who produced the first version of this (lost in the Shutterstock forum), but thanks to that person:
(https://backyardsilver.com/wp-content/uploads/2020/06/ShutterstockPayouts.png)
Steve
You will never be able to follow that chart due to discounting, and now they can do it big time.
They can pretty much show whatever they like now. All tables, calculations and estimates are useless. They have complete control. Or so they think
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(https://whitcombe.org.uk/files/Annotation%202020-06-03%20002725.jpg)
This is so annoying. Sale after sale for crazy amounts. And this is level 5.
Only 3 appeared in subs, the rest in SODs so i guess they still haven't fixed what they said they'd fixed yesterday.
Also a few $3 to $4 sales for amounts i cant find on any existing chart so i guess another special discount or similar.
And a $7.09 video sale that also doesn't tally with any previous sale or commission.
...and that highlights another issue. The system is no so opaque we have no idea what people are paying for media, no idea what we're getting. They have so many deals with clients, agencies, special offers,discounts that its impossible for any of us to work out if we're getting paid fairly and correctly or not.
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Interesting about the discounting comment - so that is maybe why Shutterstock would not produce a chart showing these sort of numbers I guess.
Steve
Set rates for subs would have cost them lots of money if they tried to discount too much, not anymore because they can do it with our money and still profit from it. Before it cost them 38cents for every sub now it's 10c, that gives them 28c for each sub to play with, enough to cover the difference with Istock's 0.2c. if they want to get in a price war and market share is what they have always been about.
They have a list of every buyer who left and moved to other agencies and each and everyone of them will have had a call from the Enterprise Team saying that they can now do a deal that they can't refuse. I expect that in January when everybody is at 15% 10cents will look generous compared to Istock's 0.2cents.
Leave your images on these sites at your own risk.
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Level 5.
0.1 "sales" hit me. Halt uploading.
BIG F TO SHITSTUCK.
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Level 4, a really enchanting day too...im waiting 3 or 4 days and will shutdown my portfolio.
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All sales at $0.10. Removing my portfolio/leaving as soon as I reach payout. Unacceptable.
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Subscription now seems to be in Single And Others now
Kate Shutterstock answer:
"As you've noticed, most earnings are displaying in the Single & Other column. This is a display issue that we are working to resolve.
All your commissions are being calculated correctly, they are just displaying in the wrong category.
Thanks for your patience while we prepare a fix for this issue."
it is scary how much this sound like a reply from IS back in the day
Exactly right. Circa 2011.
And I predict this will end just as badly for SS.
I'm feeling nostalgic with a dash of Deja Vu. Did they hire Kelly "Money will not make you happy" Thompson?
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Surge of 0,1 downloads. Absolute disaster for my stock bussiness. Sales are approx. 30% of what it was before and approx. 5-10% what it was in my peak in 2015. Time to leave. Shame after 12 years in the bussiness.
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3rd day in a row one single image (with highest price) sold on Adobe stock is more valuable than total daily amount of sale at Shutterstock.
My Shutterstock portfolio of 6000+ images was just disabled indefinitely.
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As of this week for the first time in 15 years my Adobe account is the highest paying of all the sites this week for me. I am guessing that will be the trend from now on. I have not canceled my SS account but will stop uploading new images. At 10 cents a sell it just is not worth it to upload new images. I am at level 4 and I am now getting 10-14 cents an image. SS is truly dead....
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As of this week for the first time in 15 years my Adobe account is the highest paying of all the sites this week for me. I am guessing that will be the trend from now on. I have not canceled my SS account but will stop uploading new images. At 10 cents a sell it just is not worth it to upload new images. I am at level 4 and I am now getting 10-14 cents an image. SS is truly dead....
But by not closing your account and leaving, you apparently ARE willing to accept .10 per image. Not uploading new images doesn’t prevent you from getting .10 per image. After all, .10 is better than nothing, right?
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Fast racer I am not sure what I am going to do with my SS account. I do know it is not worth time to upload new for 10 cents each. That I do know.
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I've just noticed now they;ve fixed the earnings page that i get far less for On Demand now as well.
Previously i got $2.85 for every OD sale.
This month im getting $2.53 and $2.27 for them all.
This is level 5.
So its not just subs we're losing on...
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Based on sales at other sites, it appears that the smaller subscriptions of 10 to 50 images per month are more popular that the large subscriptions of 350+ images per month. Based on this experience at other sites, I assumed the new structure might not be as big of disaster as most anticipated but now that we are three days in, that is not the case. Why are all sales coming in around the 10 - 15 cent size. Its hard to believe so many use the smaller subscriptions at the other agencies but no one does at Shutterstock.
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Based on sales at other sites, it appears that the smaller subscriptions of 10 to 50 images per month are more popular that the large subscriptions of 350+ images per month. Based on this experience at other sites, I assumed the new structure might not be as big of disaster as most anticipated but now that we are three days in, that is not the case. Why are all sales coming in around the 10 - 15 cent size. Its hard to believe so many use the smaller subscriptions at the other agencies but no one does at Shutterstock.
Im not sure they do use them at other sites. Also dont forget just HOW cheap SS is. Its more affordable to buy a crazy big pack.
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Made 10 sales so far today for a grand total of $1.35.
What a ******* joke.
As soon as I get payout I’m done.
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Based on sales at other sites, it appears that the smaller subscriptions of 10 to 50 images per month are more popular that the large subscriptions of 350+ images per month. Based on this experience at other sites, I assumed the new structure might not be as big of disaster as most anticipated but now that we are three days in, that is not the case. Why are all sales coming in around the 10 - 15 cent size. Its hard to believe so many use the smaller subscriptions at the other agencies but no one does at Shutterstock.
These "subscriptions" of 10 or 50 images per month aren't really subscriptions at all - no volume. They're discounted image packs. However, I think Shutterstock was previously making out like bandits on any of the 10/50 per month as we would get 38¢ each and they'd pocket the rest. The On Demand images (a package where you have one year to use your downloads) paid $2.85 royalties each which left Shutterstock much better off when they bought the smaller package and worse off, but still profitable, when they bought the larger one.
Given how well Shutterstock was (theoretically) doing on the 10/50 subscriptions, I'm assuming they weren't selling, or at least not as much as the higher volume 350/750. And when they introduced the annual pay-up-front option recently, which discounted images to the buyer to as little as 22 cents, they would have lost up to $118 a month on each if a buyer downloaded all of a 750 subscription.
The other two options for 350/750 left Shutterstock a little better off. So my conclusion is that sales were down, or not growing as they'd like, and they tried to boost them with the cheaper annual pay-up-front option. They had to cut subscription royalties to be able to afford that, and they could offer almost whatever percentages they liked to try and persuade contributors to buy this awful arrangement because the percentages don't matter anything like as much as the massive reduction in subscription royalties.
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One of the side effects I've noticed is that I get more for EL and large SODs.
I believe the large SODs were previously $75. Now it's $96. We just need more of these to offset the sub losses.
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One of the side effects I've noticed is that I get more for EL and large SODs.
I believe the large SODs were previously $75. Now it's $96. We just need more of these to offset the sub losses.
I had SODs for all sorts of values - $32 to $120 (I think that was the highest) There isn't a fixed royalty on those, just a percentage of the buyer's price. Certainly, if there were more of them, if you're at 40% you could do better.
However, their enterprise sales (where all those nice fat royalties come from ) has been shrinking for the last two quarters and the "e-commerce" side is what's growing
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It's like stealing candy from a baby.
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Apparently $.10 is the new $1.00
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Made 10 sales so far today for a grand total of $1.35.
What a ******* joke.
As soon as I get payout I’m done.
You're killin' it. I've got one sale so far this month on SS for $.10
It's actually kind of an insult. Something I just shot recently specifically for stock. One thing about SS for me is they definitely review faster than the others. I was excited because the day after shooting and submitting it was sold. I look at the stats. $.10
what
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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...
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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)
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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.
:'(
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I love when life imitates art...
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One of the side effects I've noticed is that I get more for EL and large SODs.
I believe the large SODs were previously $75. Now it's $96. We just need more of these to offset the sub losses.
I had SODs for all sorts of values - $32 to $120 (I think that was the highest) There isn't a fixed royalty on those, just a percentage of the buyer's price. Certainly, if there were more of them, if you're at 40% you could do better.
However, their enterprise sales (where all those nice fat royalties come from ) has been shrinking for the last two quarters and the "e-commerce" side is what's growing
I haven't seen EL's or SOD sales for months. Used to have 4-6 a month. I blamed it on the Corona and thought they will come back once the virus is gone.
What will happen with Shitterstock when we all stop uploading new stuff? I guess in some months the happy buyers will notice there is not much new stuff and might go elsewere and not extending their monthly packages etc. It might take some time and I hope a lot of contributors will stop uploading new stuff like me but the effect must be there!
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What will happen with Shitterstock when we all stop uploading new stuff? I guess in some months the happy buyers will notice there is not much new stuff and might go elsewere and not extending their monthly packages etc. It might take some time and I hope a lot of contributors will stop uploading new stuff like me but the effect must be there!
Lets be honest,nobody will notice. Their library is huge and they have 100,000 contributors and new ones joining each day. iStock is still somehow around after people didthesame.
There will always be people happy for 10c sales and "exposure". Some bigger libraries will also stay after getting better deals.
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Yes, that is just how you surrender, fact is you don't have to put up with it!
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What will happen with Shitterstock when we all stop uploading new stuff? I guess in some months the happy buyers will notice there is not much new stuff and might go elsewere and not extending their monthly packages etc. It might take some time and I hope a lot of contributors will stop uploading new stuff like me but the effect must be there!
Lets be honest,nobody will notice. Their library is huge and they have 100,000 contributors and new ones joining each day. iStock is still somehow around after people didthesame.
There will always be people happy for 10c sales and "exposure". Some bigger libraries will also stay after getting better deals.
They have very few people providing their saleable content. The 100,000 people are mostly no longer active or have tiny portfolios full of snapshots. They just made this unsustainable for people doing professional work. They only need their library to fall behind their competitors to put them out of business. We've done it before (DPC), and there were people saying the exact same defeatist things then too. If you can't afford to delete content straight away at least stop uploading until they give us a better deal.
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14 downloads this month including 2 SODs and I haven't made 2 dollars yet. When I have typed this I am going back to SS and disabling my portfolio. If they don't back peddle by the end of June I will close my account.
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Sales disabled, now it is a game of wait and see.
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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.
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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.
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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, I’m not convinced that SSTK will outperform ADBE or even basic stock indexes like S&P500. You will be better off investing elsewhere.
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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.
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If you stay on SS with your photos you will lose money, if you close your account you will lose money.
I´m 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 don´t 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.
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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.
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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.
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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.
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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.
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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.
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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!?
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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.
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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...
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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.
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This looks promising
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If you want to take action: https://www.microstockgroup.com/shutterstock-com/stop-uploading-to-ss-join-the-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/ (https://www.facebook.com/groups/261369748434285/)
Shutterstock Contributors Worldwide: https://www.facebook.com/groups/1686048705011055/ (https://www.facebook.com/groups/1686048705011055/)
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JOIN US:
https://www.microstockgroup.com/shutterstock-com/stop-uploading-to-ss-join-the-action/ (https://www.microstockgroup.com/shutterstock-com/stop-uploading-to-ss-join-the-action/)