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Author Topic: Potential exclusivity at SS due to IPO - who will join? - edited  (Read 10286 times)

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« on: May 22, 2012, 11:26 »
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Yuri threw this out there and I think it's an interesting and challenging topic:

If SS was to offer exclusivity (full exclusivity in the micro RF market, NO image exclusivity) who would put all their eggs in SS's basket?

I can't and I won't (at this point...)

Here is Yuri's forecast:
Quote
... I predict that if SS opens the opportunity for exclusive content in a premium subscription package they just doubled their revenue in a year or two's time. And further more. I will bet a that this will happen. Anybody want to bet?
« Last Edit: May 22, 2012, 11:47 by click_click »


« Reply #1 on: May 22, 2012, 11:30 »
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'Yuri' didn't postulate a benefit to this exclusivity?

« Reply #2 on: May 22, 2012, 11:33 »
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no, not even if they pay 2$/sale and 1$/upload

« Reply #3 on: May 22, 2012, 11:39 »
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It's not going to happen so pointless asking. SS's IPO will not change it's business model. They're not going to take the actions that have made other agencies less successful __ even if 'Yuri' thinks they might.

lisafx

« Reply #4 on: May 22, 2012, 11:40 »
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No.  I toyed with the idea of exclusivity.  Was glad I held back at the time, and I don't see anything that would persuade me to be exclusive anywhere at this point.  

FWIW, I don't think anyone, including Yuri, really expects SS to go that route.  He's just opened his own personal agency, so clearly he is not considering putting his eggs exclusively in anyone else's basket.  

« Reply #5 on: May 22, 2012, 11:43 »
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No.  I toyed with the idea of exclusivity.  Was glad I held back at the time, and I don't see anything that would persuade me to be exclusive anywhere at this point.  

FWIW, I don't think anyone, including Yuri, really expects SS to go that route.  He's just opened his own personal agency, so clearly he is not considering putting his eggs exclusively in anyone else's basket.  

Not all the eggs of course, but some maybe. In a per-file exclusivity agreement.

« Reply #6 on: May 22, 2012, 11:47 »
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Please re-read my first post. Sorry for the confusion.

I would love image exclusivity but not total exclusivity!

« Reply #7 on: May 22, 2012, 11:51 »
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No, I wouldn't go exclusive. I doubt I would even do exclusive images there.

traveler1116

« Reply #8 on: May 22, 2012, 11:54 »
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It's not going to happen so pointless asking. SS's IPO will not change it's business model. They're not going to take the actions that have made other agencies less successful __ even if 'Yuri' thinks they might.
I think Yuri is right on this one.  SS has said they want to compete with IS on premium images, how else will they get those.  If the images are offered at every other site I don't think they can call them premium or price them accordingly.  Also I'm not so sure IS is less successful now, they most likely paid out 3x more than SS in 2011 while lowering royalties, my guess is they are doing pretty well.

tab62

« Reply #9 on: May 22, 2012, 11:58 »
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no way! I make too much from CREStock to consider this option  ;D

lagereek

« Reply #10 on: May 22, 2012, 11:59 »
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Image exclusivity,  for sure.

WarrenPrice

« Reply #11 on: May 22, 2012, 12:01 »
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no way! I make too much from CREStock to consider this option  ;D

LOL

« Reply #12 on: May 22, 2012, 12:02 »
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You say contributor exclusivity, but what Yuri and others talked about sounds more like image exclusivity.

I doubt they would be willing to offer what it would take for me to go exclusive. I could see a few images being exclusive, and if those work well I could see more.

« Reply #13 on: May 22, 2012, 12:07 »
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You say contributor exclusivity, but what Yuri and others talked about sounds more like image exclusivity...

If SS considered an exclusivity program I'd prefer if it was image exclusivity.

I'm asking here in this thread though, if anyone would even become full exclusive with SS as some people mentioned before on this forum they'd consider it.

I think SS needs a super premium collection (wouldn't hurt) and I'd appreciate it if SS considers its best contributors to supply the content for that rather than buying a premium collection from somewhere else and just toss it into their library...

« Reply #14 on: May 22, 2012, 12:07 »
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I wonder how radically this would change the search algorithm too, I hope it doesnt turn into a catastrophe, like gostwyck said its quite pointless to do this exercise

« Reply #15 on: May 22, 2012, 12:21 »
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I also think it would be a disaster for the SS!

Customers want excellent, not "exclusive" photos under their nose...

lisafx

« Reply #16 on: May 22, 2012, 12:25 »
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They very well may go with image exclusivity.  The other thread quoting Jon Oringer seems to suggest that it is being considered.  

If they decide to go that route, I am confident they will do it in a more measured way, hopefully avoiding the pitfalls of other sites that have tried it (old or inferior content, inconsistent reviews, similars in main collection, search engine rigging, etc. ).  

However it is still risky.  They will potentially be sacrificing the biggest draw they have, IMO - the simplicity of their site and their system.  


« Reply #17 on: May 22, 2012, 12:27 »
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I also think it would be a disaster for the SS!

Customers want excellent, not "exclusive" photos under their nose...

customers might want exclusive content, hell they do want exclusive stuff, if not how is so much money made on IS by exclusives..

ruxpriencdiam

    This user is banned.
  • Location. Third stone from the sun
« Reply #18 on: May 22, 2012, 12:27 »
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Quote from: SS
Post Posted: Tue Dec 28, 2004 5:24 pm        

Why going exclusive with another agency is a bad idea:

1) You will be just another exclusive among hundreds vying for the same resources from one company. You can't go to another company to complain- you are stuck with a single channel.

2) Competition is good for the industry and YOU! Let's say you don't like the way they are treating a certain rule/idea/etc. You have nowhere to go! At least you can use your vote by concentrating your efforts on another agency until the other one gets back in line. Why give up your voting power? In fact, these other agencies don't even let you talk about other stock agencies on their forums. You give up a lot to go exclusive.

3) Why sell your photos in one place for just a 10% increase at that one agency? Tons of photographers are telling me every day that they make more with ShutterStock than anywhere else! Why not make cash here, AND everywhere else?

4) Staying with ShutterStock means being part of something new and changing. We consider all of your suggestions - and implement them back into the system as quickly as we can. What happened when we weren't processing photos fast enough? We hired a night reviewer who worked on Christmas Eve! What other agency will review your photos on a major holiday?

5) I don't like exclusivity -- and i don�t plan to lock anybody into ShutterStock. I think you guys should sell your photos everywhere and make as much money as possible! Besides - the model we have here is just one model... Your photos may do well here some parts of the year, and better in other places other parts of the year.

6) Other places may try to convince you that going exclusive is a good business idea. It is exactly the opposite! If you aren't convinced of that, go back to (1) and do not proceed until you agree. ;)

7) Our traffic is increasing. Sales are increasing. If you don�t believe me, check out our Alexa Graph. If that doesn�t convince you to stay here � what will?

7) Finally, I would hate to see any of you go!

Would welcome any feedback you guys have.

Jon Oringer, Founder and CEO
ShutterStock, Inc.

Last edited by shutterstock on Wed Mar 09, 2005 11:41 pm; edited 2 times in total  



http://submit.shutterstock.com/forum/viewtopic.php?p=1828&highlight=exclusivity#1828

It may be old but.

« Reply #19 on: May 22, 2012, 12:32 »
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I think Yuri is right on this one.  SS has said they want to compete with IS on premium images, how else will they get those.  If the images are offered at every other site I don't think they can call them premium or price them accordingly.  Also I'm not so sure IS is less successful now, they most likely paid out 3x more than SS in 2011 while lowering royalties, my guess is they are doing pretty well.

The statement from SS you are referring to is dated ... 1st April 2007.

I think Istock's business started heading south immediately after Sept 2010 following the RC fiasco __ that's why they had to reduce the 'targets' just 3 months later. That's also why they sacked the COO and have since let go of several staff members. Not exactly the actions of an expanding business.

« Reply #20 on: May 22, 2012, 12:35 »
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It's not going to happen so pointless asking. SS's IPO will not change it's business model. They're not going to take the actions that have made other agencies less successful __ even if 'Yuri' thinks they might.
I think Yuri is right on this one.  SS has said they want to compete with IS on premium images, how else will they get those.  If the images are offered at every other site I don't think they can call them premium or price them accordingly.  Also I'm not so sure IS is less successful now, they most likely paid out 3x more than SS in 2011 while lowering royalties, my guess is they are doing pretty well.

They will get premium images and it has nothing to do with exclusivity :). You will see ...

rubyroo

« Reply #21 on: May 22, 2012, 12:38 »
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Squirming with intrigue...

« Reply #22 on: May 22, 2012, 12:44 »
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I'd consider images being exclusively on SS as long as there was an option to remove them (with a wait, if need be), but as far as exclusive artists, been there, done that and wouldn't even consider it at this point. Especially as there's an IPO coming and thus the possibility that the SS we've known in the past is going to change - it would be prudent, IMO, to see how that shakes out before deciding.

I do hope SS doesn't buy rights to some aging rubbish from a trad agency (what FT did with their Infinitely Unremarkable collection) and offer it at a higher price. They pitch simplicity of pricing as one of their key buyer selling points - but does andresr know something we don't?

« Reply #23 on: May 22, 2012, 13:06 »
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It's not going to happen so pointless asking. SS's IPO will not change it's business model. They're not going to take the actions that have made other agencies less successful __ even if 'Yuri' thinks they might.
I think Yuri is right on this one.  SS has said they want to compete with IS on premium images, how else will they get those.  If the images are offered at every other site I don't think they can call them premium or price them accordingly.  Also I'm not so sure IS is less successful now, they most likely paid out 3x more than SS in 2011 while lowering royalties, my guess is they are doing pretty well.

They will get premium images and it has nothing to do with exclusivity :). You will see ...

I would surely agree but on their front page, they have the text "What we stand for"
Quote
Creative Freedom

Your Shutterstock membership lets you access every royalty-free image for one flat rate.

which hints at the opposite.

rubyroo

« Reply #24 on: May 22, 2012, 14:00 »
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I'm beginning to wonder if this is what Bigstock will come to be used for.  That way SS could continue to function 'as is' and Bigstock could become their premium outlet.

« Reply #25 on: May 22, 2012, 14:13 »
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I'm beginning to wonder if this is what Bigstock will come to be used for.  That way SS could continue to function 'as is' and Bigstock could become their premium outlet.

I think SS is still wondering what Bigstock is supposed to be used for.  ;)

« Reply #26 on: May 22, 2012, 14:16 »
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It would be interesting if they had image exclusivity, nominated by the reviewers, allowing us to opt out or in if an image is nominated.  That would keep it highly selected and targeted but still give contributors the option of whether they want to be included.  I would certainly consider specific image exclusivity at SS or BS but am very leery of total exclusivity.


velocicarpo

« Reply #27 on: May 22, 2012, 14:38 »
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No. For various reasons. However, I would think about material exclusivity (not photoq exclusivity).

tab62

« Reply #28 on: May 22, 2012, 14:43 »
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speaking of the devil- I just got an email from CREStock telling me I had a sale (.25 cents) thus no way I am going exclusive to SS...

« Reply #29 on: May 22, 2012, 14:50 »
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I considered exclusivity years ago, but I'd never go exclusive now.  I have a handful of exclusive images at DT and Fotolia, but that's as far as I'm willing to go. 

« Reply #30 on: May 23, 2012, 05:25 »
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I'm beginning to wonder if this is what Bigstock will come to be used for.  That way SS could continue to function 'as is' and Bigstock could become their premium outlet.

The certainly weren't thinking that way six months back when they introduced the "bridge to bigstock" that just copies everything on an SS member's account into BS.

rubyroo

« Reply #31 on: May 23, 2012, 06:45 »
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No certainly not then... I just wondered if they might be thinking that way now.

OTOH, it might just be my stupid thought for the hour (I try not to exceed one per hour).

@ cthoman.  Thanks for that.  :D

Ed

« Reply #32 on: May 23, 2012, 06:49 »
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I'm beginning to wonder if this is what Bigstock will come to be used for.  That way SS could continue to function 'as is' and Bigstock could become their premium outlet.


Hahahahaha....they better shut down my account at BigStock then  ;D

I upload the same micro portfolio to all the micros.  Shutterstock has less than 1/3 the portfolio of what Bigstock and DT have.


Coincidentally, I found an agency that offers image exclusivity, 50% royalties, and an agency "profit sharing plan" where your portfolio size determines what percentage of the net profit you get at the end of the year from all sales.  It's similar to a co-op.  It's a macro/traditional agency and one of it's photographers was featured pretty heavily in February when one of his images went viral.  They have image editors, they keyword your images, and (surprisingly), they communicate with you very well.  I'm not telling which agency it is...appears to be a jewell in the rough.

« Reply #33 on: May 23, 2012, 06:54 »
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So overwhelmingly folks don't want exclusivity but open to image exclusivity - makes a lot of sense.  I still can't understand why even the agencies bother with total exclusivity.

« Reply #34 on: May 23, 2012, 07:14 »
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Same old story about independents and dependants.

If the customers want exclusively so badly, they can buy the rights.
Exclusivity is only in the interest  of the agency, not the costumers and certainly not the contributors.

« Reply #35 on: May 23, 2012, 07:33 »
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I also think it would be a disaster for the SS!

Customers want excellent, not "exclusive" photos under their nose...

customers might want exclusive content, hell they do want exclusive stuff, if not how is so much money made on IS by exclusives..

Because search engine...
But what can be exclusive in microstrock from costumers point of view?
Image on just one agency...! So what, if anyone can buy the same image.
I don't see any reason why anyone from buyers might want exactly exclusive image from some microstock agency! Macro and RM is different story...

So my opinion is that any kind of forcing exclusivity over relevancy/quality is step back from customer view...
« Last Edit: May 23, 2012, 12:48 by borg »

« Reply #36 on: May 23, 2012, 07:35 »
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Same old story about independents and dependants.

If the customers want exclusively so badly, they can buy the rights.
Exclusivity is only in the interest  of the agency, not the costumers and certainly not the contributors.

"buying rights" is an absurd dreamstime invention.


« Reply #37 on: May 23, 2012, 07:41 »
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Search engine with "exclusive content" in forumula is not natural...
And it is in confrontation with its true nature why search engine exist... :P
« Last Edit: May 23, 2012, 12:50 by borg »

« Reply #38 on: May 23, 2012, 08:17 »
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It would be interesting if they had image exclusivity, nominated by the reviewers

SS Reviewers choosing which ones they like? No thanks. They are currently "nominating" potential bestsellers with rejections.

« Reply #39 on: May 23, 2012, 08:30 »
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Same old story about independents and dependants.

If the customers want exclusively so badly, they can buy the rights.
Exclusivity is only in the interest  of the agency, not the costumers and certainly not the contributors.

"buying rights" is an absurd dreamstime invention.
Well maybe the wording is dreamstimish, but not the concept.
But it is heard of that a microstocker has sold the rights and has taken the picture offline for a period of time.
Anyway, exclusivity and microstock conflicts heavily by the nature of both concepts.
Microstock is about selling masses of pop images.
The customer must search elsewhere to find a unique picture.

Compare it to books or music. People want copies of the same picture, book and music, so that it is the same. If they want unica, they buy Mona Lisa or Gutenbergs bible.
« Last Edit: May 23, 2012, 08:37 by JPSDK »

« Reply #40 on: May 23, 2012, 09:45 »
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Same old story about independents and dependants.

If the customers want exclusively so badly, they can buy the rights.
Exclusivity is only in the interest  of the agency, not the costumers and certainly not the contributors.

"buying rights" is an absurd dreamstime invention.
Well maybe the wording is dreamstimish, but not the concept.
But it is heard of that a microstocker has sold the rights and has taken the picture offline for a period of time.
Anyway, exclusivity and microstock conflicts heavily by the nature of both concepts.
Microstock is about selling masses of pop images.
The customer must search elsewhere to find a unique picture.

Compare it to books or music. People want copies of the same picture, book and music, so that it is the same. If they want unica, they buy Mona Lisa or Gutenbergs bible.

Buying rights means exactly what it sounds like - you sell the rights, relinquish the copyright, the image is not yours anymore, basta.
I don't have knowledge of any agency besides dreamstime, macro or micro to practice this license mambo-jambo.
You're probably confusing selling rights with limited time exclusivity, which is available in RM license.

« Reply #41 on: May 23, 2012, 09:50 »
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no it doesnt.
it all depends on the specifications in the contract.
You can sell more or less for a long time, or a short or for eternity.
You can sell a picture of your mother to the devil.
or you can timelimit her stay in purgatory.
Words on paper can be important.
« Last Edit: May 23, 2012, 09:53 by JPSDK »

WarrenPrice

« Reply #42 on: May 23, 2012, 10:55 »
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I must be misunderstanding "Exclusive Image."  I think this thread is about an image being exclusive to an Agency.  That doesn't make it Exclusive to a  buyer;  wouldn't it take an RM license for an image to be exclusive to the buyer?  Isn't Exclusive Right restricted to ... say a region, country, continent ... for a stated period of time?

The only advantage I see to Exclusive Image is to the agency.  Am I missing the point?

« Reply #43 on: May 23, 2012, 10:57 »
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I must be misunderstanding "Exclusive Image."  I think this thread is about an image being exclusive to an Agency.  That doesn't make it Exclusive to a  buyer;  wouldn't it take an RM license for an image to be exclusive to the buyer?  Isn't Exclusive Right restricted to ... say a region, country, continent ... for a stated period of time?

The only advantage I see to Exclusive Image is to the agency.  Am I missing the point?

JSPDK started getting the meaning confused up there.

The advantage to the seller is that, presumably, the agency will charge higher fees for the exclusive content (otherwise, what's the point).

« Reply #44 on: May 23, 2012, 11:09 »
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im not getting things confused.

They say that...if you are selling your images exclusively, you get more per image.

That sounds good enough.
Sounds like an advantage.
Sounds like you earn more.
But do you?

Think again, why would they want to let you earn more. Because they get something much more valualbe in return.
And that is a trapped photographer getting 16% shares who cannot say no.

Its a honey trap. Its dependancy.

« Reply #45 on: May 23, 2012, 11:24 »
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If the customers want exclusively so badly, they can buy the rights.
Exclusivity is only in the interest  of the agency, not the costumers and certainly not the contributors.

You did confuse the terms.  The exclusivity we are discussing has nothing to do with customers, aside from their ability to license it only in one location.

« Reply #46 on: May 23, 2012, 11:32 »
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Exclusivity has to do with convincing the customer that they have to pay more for something because they cannot get it at other places.
Exclusivity has a lot to do with customers and wallets.
Problem is, that on microstock exclusivity is not needed or possible. Its a fake beakon.


« Reply #47 on: May 23, 2012, 12:00 »
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Exclusivity has to do with convincing the customer that they have to pay more for something because they cannot get it at other places.
Exclusivity has a lot to do with customers and wallets.
Problem is, that on microstock exclusivity is not needed or possible. Its a fake beakon.

Yes, however, your earlier quote concerned "buy the rights" which has nothing to do with an image being available at one agency, but instead, being only available (not really) for one buyer.

Actually, it isn't a fake beacon.  If you control the availability of the item, you can control the price.  Unlike the iPad, for example, which is the same price everywhere because Apple sets the price, we cannot set the price, so putting the same content everywhere only enables the buyer to pay the lowest price they can find.

lagereek

« Reply #48 on: May 23, 2012, 12:27 »
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Exclusivity has to do with convincing the customer that they have to pay more for something because they cannot get it at other places.
Exclusivity has a lot to do with customers and wallets.
Problem is, that on microstock exclusivity is not needed or possible. Its a fake beakon.

Yes, however, your earlier quote concerned "buy the rights" which has nothing to do with an image being available at one agency, but instead, being only available (not really) for one buyer.

Actually, it isn't a fake beacon.  If you control the availability of the item, you can control the price.  Unlike the iPad, for example, which is the same price everywhere because Apple sets the price, we cannot set the price, so putting the same content everywhere only enables the buyer to pay the lowest price they can find.

One of the reasons I never turned exclusive ( although thought about it many times), is just your statement " control the availability",  Im afraid with gazillions of similars, today thats an impossibillity.  Yes, an image might be exclusive but just down the road the buyer will find a 99% similar image, non exclusive and for a pitten of the so called exclusive image.
Unfortunately this is what micro has come to.
Buyers, thanks to forums, bad press, the internet, are very much aware of this and its beginning to take its toll.
I am sure one of the reasons my RM sales are about 100% up, is that the serious buyer knows full well that any real time exclusivity can only be bought at a higher price and not in the micro world. :)

« Reply #49 on: May 23, 2012, 12:57 »
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I do not see any reason why a customer would like to have an image from any exclusive microstock contributor (or just exclusive image in microstock)...
Because microstock (RF) doesn't have exclusive base...
 
« Last Edit: May 23, 2012, 12:59 by borg »


 

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