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Author Topic: Sales on Shutter  (Read 30840 times)

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« Reply #125 on: June 29, 2014, 02:17 »
+6
Best Month Ever = newbie response
Worst Month Ever = veteran response

I've finally come to accept that it's virtually impossible for an ms vet to get past the dreaded wall, and here's why...

If a newbie has a port of 50 images one month, and 100 the next, his/her port size went up 100%.
In that same month, the total images on any given site went up from, say, 25 to 26 million images, an increase of 4%.  As long as the rookie's percentage rate of port increase beats the total image percentage of increase, he/she can see fantastic growth.

But if a veteran has a port of 5000 images one month and 5,100 the next, his/her port size went up  just 2%.  Compared to the 4% monthly growth in total images available on the agencies, the ms vet is going backward, and will see less money each month.

Of course, there are other factors such as monthly variations (March is always a better month than April, December is always much worse than January).  So run the same calculation on an annual basis.  Depressing, depressing results.

It's a numbers game, and once your port is a certain size, and as the agencies keep growing at an incredible rate, you WILL start going backward.  I denied this reality for a long time, insisting that I could overcome the wall by finding niches and meeting an aggressive daily quota, and I may have held back the wall for a year or two by doing this, but it ended up crushing me. 

I've got nearly double the port size I had two years ago, and I'm averaging a few dollars less every day.  And I expect two years from now to be making even less.  For the first time in nearly 8 years of doing this, I feel very negative about microstock.

Totally agree. I think everyone would be happy if SS increase their payments by ~5% for every $10,000 lifetime earnings after first $10,000. Otherwise, for veterans who has already reached $10,000 lifetime earnings, it's not fair. I think this is not a big deal for a big company like SS. Even small companies increase their employees salaries once a year (OK, we are not really employees of SS, but they cannot do it without us). We are not asking for this hard enough. Many people has changed from their full-time jobs to work as a full-time micro stock contributor after seeing the growth of income in first couple of years. However, they simply have to end up by disappointing themselves after couple of more years, after their income just freezes or even goes backward. We need to make a big shout and ask for a change.


« Reply #126 on: June 29, 2014, 13:31 »
+1
sales 20% up with 4% increase in portfolio.
Superb month,zero costs.

PZF

« Reply #127 on: June 30, 2014, 11:07 »
+1
Just very odd. Some raking it in, apparently. Others invisible....

Phadrea

    This user is banned.
« Reply #128 on: July 01, 2014, 05:06 »
0
Crap. May and June didn't even make the payout threshold. Ditto for the rest. Something is happening again (like last June) when Google messed things up for people trying to make a living by tweaking the search system.
« Last Edit: July 01, 2014, 05:09 by Herg »

« Reply #129 on: July 01, 2014, 13:05 »
+1
Best Month Ever = newbie response
Worst Month Ever = veteran response

I've finally come to accept that it's virtually impossible for an ms vet to get past the dreaded wall, and here's why...

If a newbie has a port of 50 images one month, and 100 the next, his/her port size went up 100%.
In that same month, the total images on any given site went up from, say, 25 to 26 million images, an increase of 4%.  As long as the rookie's percentage rate of port increase beats the total image percentage of increase, he/she can see fantastic growth.

But if a veteran has a port of 5000 images one month and 5,100 the next, his/her port size went up  just 2%.  Compared to the 4% monthly growth in total images available on the agencies, the ms vet is going backward, and will see less money each month.

Of course, there are other factors such as monthly variations (March is always a better month than April, December is always much worse than January).  So run the same calculation on an annual basis.  Depressing, depressing results.

It's a numbers game, and once your port is a certain size, and as the agencies keep growing at an incredible rate, you WILL start going backward.  I denied this reality for a long time, insisting that I could overcome the wall by finding niches and meeting an aggressive daily quota, and I may have held back the wall for a year or two by doing this, but it ended up crushing me. 

I've got nearly double the port size I had two years ago, and I'm averaging a few dollars less every day.  And I expect two years from now to be making even less.  For the first time in nearly 8 years of doing this, I feel very negative about microstock.

Actually, the growth numbers are not all that bad on shutterstock. Looks like this week the amount of new images is at 280k, and shutterstock has nearly 39 million images right now. That is less then 1% increase a week. Also keep in mind, probably 80% of the those 280k new images are probably poorly done photos of screwdrivers or apples on white, ducks, park benches, and stale food. The amount of "real" images you are competing with if you are half competent is very very small. So even growing your port at a very modest 2% a month should see growth.
« Last Edit: July 01, 2014, 13:13 by bpepz »

« Reply #130 on: July 01, 2014, 13:17 »
+1
Actually, the growth numbers are not all that bad on shutterstock. Looks like this week the amount of new images is at 280k, and shutterstock has nearly 39 million images right now. That is less then 1% increase a month. Also keep in mind, probably 80% of the those 280k new images are probably poorly done photos of screwdrivers or apples on white, ducks, park benches, and stale food. The amount of "real" images you are competing with if you are half competent is very very small. So even growing your port at a very modest 2% a month should see growth.

There is a long talk about how tough the rejections have gotten on Shutter.  I don't think most of those new images are so LCV as you say.  The smaller growth is either people holding off uploading during the slow season, or the tougher reviews or both.

« Reply #131 on: July 01, 2014, 14:19 »
+3
Best Month Ever = newbie response
Worst Month Ever = veteran response

I've finally come to accept that it's virtually impossible for an ms vet to get past the dreaded wall, and here's why...

If a newbie has a port of 50 images one month, and 100 the next, his/her port size went up 100%.
In that same month, the total images on any given site went up from, say, 25 to 26 million images, an increase of 4%.  As long as the rookie's percentage rate of port increase beats the total image percentage of increase, he/she can see fantastic growth.

But if a veteran has a port of 5000 images one month and 5,100 the next, his/her port size went up  just 2%.  Compared to the 4% monthly growth in total images available on the agencies, the ms vet is going backward, and will see less money each month.

Of course, there are other factors such as monthly variations (March is always a better month than April, December is always much worse than January).  So run the same calculation on an annual basis.  Depressing, depressing results.

It's a numbers game, and once your port is a certain size, and as the agencies keep growing at an incredible rate, you WILL start going backward.  I denied this reality for a long time, insisting that I could overcome the wall by finding niches and meeting an aggressive daily quota, and I may have held back the wall for a year or two by doing this, but it ended up crushing me. 

I've got nearly double the port size I had two years ago, and I'm averaging a few dollars less every day.  And I expect two years from now to be making even less.  For the first time in nearly 8 years of doing this, I feel very negative about microstock.


Actually, the growth numbers are not all that bad on shutterstock. Looks like this week the amount of new images is at 280k, and shutterstock has nearly 39 million images right now. That is less then 1% increase a week. Also keep in mind, probably 80% of the those 280k new images are probably poorly done photos of screwdrivers or apples on white, ducks, park benches, and stale food. The amount of "real" images you are competing with if you are half competent is very very small. So even growing your port at a very modest 2% a month should see growth.


We're in the middle of one of the slowest periods of the year for uploads. 

A better comparison is an annual one. 

Not sure of the best place to find data for a year over year comparison, but a quick Google search turned up this comparison, from Jan of 2013:

"Shutterstock continued to add to its digital library and now hosts a collection of 21.7 million images, compared with 16.2 million a year ago. " (SOURCE: http://www.sramanamitra.com/2013/01/09/shutterstocks-ipo-performance)

The growth rate described there is 34% in one year.  Let's assume that rate is the same today (I bet it's higher).  That means if you have a port of 5000 images, you would need to have 6700 a year from now just to maintain your share of visibility in the overall SS collection.  That's 1700 a year, or about 5 new uploads a day (assuming they ALL get accepted).

The following year you'd have to add 2238 to remain at that 34% growth rate, or about 6 new uploads accepted everyday.  Working even harder, not to grow but to just hold on to what you're making. 

I wish I did the math on this when I jumped into ms.  Probably would have talked myself out of it.
« Last Edit: July 01, 2014, 14:24 by stockmarketer »

« Reply #132 on: July 01, 2014, 15:17 »
+1
...
The growth rate described there is 34% in one year.  Let's assume that rate is the same today (I bet it's higher).  That means if you have a port of 5000 images, you would need to have 6700 a year from now just to maintain your share of visibility in the overall SS collection.  That's 1700 a year, or about 5 new uploads a day (assuming they ALL get accepted).

The following year you'd have to add 2238 to remain at that 34% growth rate, or about 6 new uploads accepted everyday.  Working even harder, not to grow but to just hold on to what you're making. 

I wish I did the math on this when I jumped into ms.  Probably would have talked myself out of it....
Very interesting thoughts. I had not heard of the concept that shrinking "share of visibility" is what accounts for "hitting the wall" i.e. declining revenue in spite of steadily submitting. It makes sense to me though.

One bright spot though is that the 34% increase in SS images is exponential growth, and so it cannot be maintained indefinitely: Soon SS will reach 100 million images and so need 34 million per year to maintain 34% growth. Then SS will soon reach 1 billion images and need 340 million per year to maintain 34% growth. And so on.

Eventually SS would need trillions of new images per year to maintain growth. Unlikely, even if reviewers start accepting all LCV iPhone images with trademarks and logos in them. :)

So the rate of growth will have to begin to diminish someday, but when? 

« Reply #133 on: July 01, 2014, 16:15 »
0
Excellent point, Michaeldb. Not only it will be impossible for SS mantain it's portfolio growth, the number of sales is also increasing. It's not so bad as it sounds. Even though some files simply have no chance as they get buried within minutes on common subjects.

« Reply #134 on: July 01, 2014, 16:37 »
+4
Lesson to be learned.... Don't shoot common subjects and don't copy others

« Reply #135 on: July 02, 2014, 09:10 »
+7
Actually, the growth numbers are not all that bad on shutterstock. Looks like this week the amount of new images is at 280k, and shutterstock has nearly 39 million images right now. That is less then 1% increase a month. Also keep in mind, probably 80% of the those 280k new images are probably poorly done photos of screwdrivers or apples on white, ducks, park benches, and stale food. The amount of "real" images you are competing with if you are half competent is very very small. So even growing your port at a very modest 2% a month should see growth.

There is a long talk about how tough the rejections have gotten on Shutter.  I don't think most of those new images are so LCV as you say.  The smaller growth is either people holding off uploading during the slow season, or the tougher reviews or both.

Have you looked at new uploads? Most of them suck, just like it has always been. The rejections at shutterstock lately almost seem random. I can confirm that I have had experiences similar to everyone else lately in that regard. Had an entire batch of 78 images declined for "out of focus", I resubmitted them and told them to take a second look, all 78 were accepted. This is probably the 3rd or 4th time something like this had happened.  The rejections seem to have nothing to do with quality.

« Reply #136 on: July 02, 2014, 11:05 »
0

...
The growth rate described there is 34% in one year.  Let's assume that rate is the same today (I bet it's higher).  That means if you have a port of 5000 images, you would need to have 6700 a year from now just to maintain your share of visibility in the overall SS collection.  That's 1700 a year, or about 5 new uploads a day (assuming they ALL get accepted).

The following year you'd have to add 2238 to remain at that 34% growth rate, or about 6 new uploads accepted everyday.  Working even harder, not to grow but to just hold on to what you're making. 

I wish I did the math on this when I jumped into ms.  Probably would have talked myself out of it....
Very interesting thoughts. I had not heard of the concept that shrinking "share of visibility" is what accounts for "hitting the wall" i.e. declining revenue in spite of steadily submitting. It makes sense to me though.

One bright spot though is that the 34% increase in SS images is exponential growth, and so it cannot be maintained indefinitely: Soon SS will reach 100 million images and so need 34 million per year to maintain 34% growth. Then SS will soon reach 1 billion images and need 340 million per year to maintain 34% growth. And so on.

Eventually SS would need trillions of new images per year to maintain growth. Unlikely, even if reviewers start accepting all LCV iPhone images with trademarks and logos in them. :)

So the rate of growth will have to begin to diminish someday, but when?

I think its scarier to think about number of images being added as opposed to % of port growth.

Ie even if the port growth is only 5%, if that 5% is equal to 1 million images a week, thats a scary number of images to compete against (unless your content is very unique).

 



Sent from my iPhone using Tapatalk

Uncle Pete

« Reply #137 on: July 02, 2014, 14:12 »
+3
The dreaded wall, a good way to put it and your analysis is quite fair.

But I loved the BME and WME part because it's so funny to watch the climb, the engine starts sputtering, then it stalls, and finally the microstock airplane hits the wall.  :) Flat Sales.

Yes, there are good months and bad and the slow time right now (for most), will bring out an accented disappointment from many.

People before you have come up with plans and yours was a good solid one, working at a steady pace, and growing with the market and concepts. Sorry to hear that it also finally succumbed to the dreaded wall of competition and massive volumes in collections.

I suppose you remember when people said, "this can't go on forever, the slice of the pie keeps getting smaller for each of us." And it does...

This isn't just sales on Shutter as the Subject, but sales everywhere. Most are worse. I'm still sailing fairly level and constant, rising and falling on the waves... but at some point, I know it will go flat calm.

Best Month Ever = newbie response
Worst Month Ever = veteran response

I've finally come to accept that it's virtually impossible for an ms vet to get past the dreaded wall, and here's why...

(much edited out, sorry)


« Reply #138 on: July 04, 2014, 14:18 »
0
today i have 60% sales slump, worse then saturdays.

Shelma1

  • stockcoalition.org
« Reply #139 on: July 04, 2014, 14:25 »
+3
Independence Day in the U.S...nobody's working.

Goofy

« Reply #140 on: July 04, 2014, 14:36 »
+2
Independence Day in the U.S...nobody's working.

Wait a minute I am working today! - albeit Stock photos - and I live in Seattle Washington.
I am trying my best to get my "Independence" from my daytime boss... 8)

 
« Last Edit: July 04, 2014, 14:40 by Goofy »

dpimborough

« Reply #141 on: July 04, 2014, 14:39 »
+6
Independence Day in the U.S...nobody's working.

I hate to break it to you but Umerika is not the entire world  ;D


« Reply #142 on: July 04, 2014, 15:16 »
+3
Independence Day in the U.S...nobody's working.

I hate to break it to you but Umerika is not the entire world  ;D

But it is enough of our customers to explain a sudden sales drop.  From the map at SS about half my sales are from U.S.

Shelma1

  • stockcoalition.org
« Reply #143 on: July 04, 2014, 15:40 »
+4
Independence Day in the U.S...nobody's working.

I hate to break it to you but Umerika is not the entire world  ;D

It's half the world in terms of microstock sales. More than half for me, in fact.

« Reply #144 on: July 04, 2014, 15:57 »
+4
Independence Day in the U.S...nobody's working.

I hate to break it to you but Umerika is not the entire world  ;D

It's half the world in terms of microstock sales. More than half for me, in fact.

Yep. Same here. The U.S. is the largest stock photo market. More sales than in all of Europe and Asia combined.

Shelma1

  • stockcoalition.org
« Reply #145 on: July 04, 2014, 16:00 »
0
Independence Day in the U.S...nobody's working.

Wait a minute I am working today! - albeit Stock photos - and I live in Seattle Washington.
I am trying my best to get my "Independence" from my daytime boss... 8)

Me too...working on illustrations. Ad agencies are closed.

« Reply #146 on: July 04, 2014, 17:59 »
+1
Independence Day in the U.S...nobody's working.

I hate to break it to you but Umerika is not the entire world  ;D

But it is enough of our customers to explain a sudden sales drop.  From the map at SS about half my sales are from U.S.

You can get an exact percentage of US vs non US by going to your "payment history".  A lot of people see roughly 20% US sales so no, one country having 1 public holiday really isn't or shouldn't have a huge effect!

« Reply #147 on: July 04, 2014, 18:15 »
+7
USA holiday + friday + 2 world cup games = low sales

« Reply #148 on: July 04, 2014, 21:01 »
+1
Independence Day in the U.S...nobody's working.

I hate to break it to you but Umerika is not the entire world  ;D

But it is enough of our customers to explain a sudden sales drop.  From the map at SS about half my sales are from U.S.

You can get an exact percentage of US vs non US by going to your "payment history".  A lot of people see roughly 20% US sales so no, one country having 1 public holiday really isn't or shouldn't have a huge effect!

I don't know who these lot of people are that only have 20% US sales.  Maybe niche artists.  Mostly everyone I know and that posts seems to get 40 to 50% or more sales from US.  If you are not getting that market you are missing out on some good money.  Just not today.

« Reply #149 on: July 04, 2014, 21:21 »
+1
Independence Day in the U.S...nobody's working.

I hate to break it to you but Umerika is not the entire world  ;D

It's half the world in terms of microstock sales. More than half for me, in fact.

Yep. Same here. The U.S. is the largest stock photo market. More sales than in all of Europe and Asia combined.

Approx 75% of my sales are not from the US. It's a huge market but the are 196 countries on this planet and many of them buy photos/footage from SS
« Last Edit: July 04, 2014, 21:24 by pkphotos »


 

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