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Author Topic: SS 4K price change to 199.  (Read 25307 times)

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« Reply #25 on: June 24, 2015, 20:22 »
0
1.5 times lower is -150 dollar

$150 is two times lower.

300/2=150
300/1.5 = 200
No, that's  50% lower, i.e. 0.50 x Try buy a jacket for 150% off.

That is not 50% lower. It is 33% lower.

Example given above, "$150 is two times lower. "  300/2=150

I still read that as 50% unless you have some new ultra new math for me ;)


« Reply #26 on: June 24, 2015, 22:02 »
+3
Simply put, this is the beginning of the erosion of 4k, which will become $79 a clip when 5 and 6k are the next big thing.

« Reply #27 on: June 24, 2015, 22:29 »
+1
Is anybody here getting regular 4k downloads? According to the pond5 stats even there it is less than5%, no?

So how can it be severly impacting sales, if 4k is not selling?

And if 4k sales double or triple at the new price, wouldn't you make more Money?

I am still waiting for my first 4k sale.

« Reply #28 on: June 24, 2015, 22:48 »
+2
Only those who don't have 4K sales are happy. They think they need to lower the price to attract sales. Although it might be true to some degree I doubt it. Customers tend to choose what's popular. That is not going to change. Just the amount they pay. And 4K is still quite a niche product. Those who need 4K have proper budgets and are not that price sensitive.

« Reply #29 on: June 24, 2015, 23:44 »
+1
Then why is SS lowering the price? And on pond5 you can set your price to anything you like anyway, or are you only selling 4k on SS?

I fully agree if what you have is the right thing for customers with large budgets, you can charge more, but wouldn't it be better to keep it at pond5 with a 500 dollar price tag or more?

300 was too cheap for professional production costs anyway, so for 200 you should probably pull it and move it elsewhere.
« Last Edit: June 25, 2015, 00:09 by cobalt »

KB

« Reply #30 on: June 25, 2015, 00:04 »
+2
$199 wouldn't be bad, if the authors got 50 or 70% of the proceeds.
Remind me, how much are they getting now?
30%
Based on the last 10Q it would be 28%
They lowered it? Footage always paid 30% (at least, for cart sales).

« Reply #31 on: June 25, 2015, 00:11 »
+2
Then why is SS lowering the price? And on pond5 you can set your price to anything you like anyway, or are you only selling 4k on SS?

I fully agree if what you have is the right thing for customers with large budgets, you can charge more, but wouldn't it be better to keep it at pond5 with a 500 dollar price tag or more?

300 was too cheap for professional production costs, so for 200 you should proably pull it and move it elsewhere.

I would guess they need better growth numbers to impress the Wall Street.

I tend to match my prices at SS and P5. I'm afraid not many customers would want to spurge $500 on a clip if they can get it for $199. At the moment Shutterstock is my best earner and I can't afford to quit it. But this move sure made my think about diversifying my revenue base.

« Reply #32 on: June 25, 2015, 00:20 »
0
Thank you for taking me seriously. Pond5 is still outselling SS for me, unless there is an extended license. I have had sales of files that offer 4k, but the customers choose hd instead.

Does pond5 even have extended licenses? They make a big difference on SS when they happen.

« Reply #33 on: June 25, 2015, 00:39 »
+1

I fully agree if what you have is the right thing for customers with large budgets, you can charge more, but wouldn't it be better to keep it at pond5 with a 500 dollar price tag or more?
300 was too cheap for professional production costs, so for 200 you should proably pull it and move it elsewhere.

I would guess they need better growth numbers to impress the Wall Street.

I tend to match my prices at SS and P5. I'm afraid not many customers would want to spurge $500 on a clip if they can get it for $199. At the moment Shutterstock is my best earner and I can't afford to quit it. But this move sure made my think about diversifying my revenue base.

This is the battle for buyers that SS will most likely win.
Sadly, P5 was a great idea but didn't react fast/smart enough to shake SS more and grab some big fishes.
There is NO logic to price $500 clips anywhere when they can be found for $199 on SS.

AND P5 does not have extended licenses!
Why they like to keep that amateurish attitude, I will never get!  :(
« Last Edit: June 25, 2015, 01:01 by KnowYourOnions »

« Reply #34 on: June 25, 2015, 00:44 »
0
Can someone please tell me how much ss will pay to contributors for selling 4k files? If i get 23.70$ for hd sell?


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« Reply #35 on: June 25, 2015, 01:12 »
+1
they pay 30%, so if it is a normal sale you will get around 60 dollars.

« Reply #36 on: June 25, 2015, 02:09 »
+3

Quote

This is the battle for buyers that SS will most likely win.
Sadly, P5 was a great idea but didn't react fast/smart enough to shake SS more and grab some big fishes.
There is NO logic to price $500 clips anywhere when they can be found for $199 on SS.

AND P5 does not have extended licenses!
Why they like to keep that amateurish attitude, I will never get!  :(

Wow, did you really try that hard to come up with this reversed logic?
Seems like you actually condone SS for this.So they are the professionals who do what they need to do (simple market logic) while all the others
are silly kids fooling around?
Well done sir,well done.

« Reply #37 on: June 25, 2015, 02:11 »
+1
Thanks cobalt(:


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« Reply #38 on: June 25, 2015, 02:32 »
0

Quote

This is the battle for buyers that SS will most likely win.
Sadly, P5 was a great idea but didn't react fast/smart enough to shake SS more and grab some big fishes.
There is NO logic to price $500 clips anywhere when they can be found for $199 on SS.

AND P5 does not have extended licenses!
Why they like to keep that amateurish attitude, I will never get!  :(

Wow, did you really try that hard to come up with this reversed logic?
Seems like you actually condone SS for this.So they are the professionals who do what they need to do (simple market logic) while all the others
are silly kids fooling around?
Well done sir,well done.


You are welcome!  :)

« Reply #39 on: June 25, 2015, 05:44 »
+3
Economy 101 teaches us that when the demand grows, you increase your prices. But no, Shutterstock uses flawed logic in their e-mail: "4K is going to be strong, so we'll be lowering our prices!"

At least they could've tried less sugarcoating and simply say: "we can't compete on price with (most of) our competitors, so we'll be lowering prices and you'll be getting lower royalties, suck it up."

From a business point of view, I do understand their move in the long term. After all, 4K is going to become a commodity anyway, so sooner or later, a price drop was unavoidable. I just didn't expect it so soon.

« Reply #40 on: June 25, 2015, 06:03 »
0

Quote

This is the battle for buyers that SS will most likely win.
Sadly, P5 was a great idea but didn't react fast/smart enough to shake SS more and grab some big fishes.
There is NO logic to price $500 clips anywhere when they can be found for $199 on SS.

AND P5 does not have extended licenses!
Why they like to keep that amateurish attitude, I will never get!  :(

Wow, did you really try that hard to come up with this reversed logic?
Seems like you actually condone SS for this.So they are the professionals who do what they need to do (simple market logic) while all the others
are silly kids fooling around?
Well done sir,well done.
His name was SSArtist before he changed it to KnowYourOnions, it's no surprise really.

« Reply #41 on: June 25, 2015, 06:07 »
0

Quote

This is the battle for buyers that SS will most likely win.
Sadly, P5 was a great idea but didn't react fast/smart enough to shake SS more and grab some big fishes.
There is NO logic to price $500 clips anywhere when they can be found for $199 on SS.

AND P5 does not have extended licenses!
Why they like to keep that amateurish attitude, I will never get!  :(

Wow, did you really try that hard to come up with this reversed logic?
Seems like you actually condone SS for this.So they are the professionals who do what they need to do (simple market logic) while all the others
are silly kids fooling around?
Well done sir,well done.
His name was SSArtist before he changed it to KnowYourOnions, it's no surprise really.

Totally wrong!
I was big fan of P5 but their management sadly sucks in making the great idea happen.
Sorry if it hurts.

P.S. My Username was and still is SSArtist, but has nothing to do with ShutterStock. For your info, Usernames can not be changed on MSG. I choose to publish posts with KnowYourOnions since Dec 2014, as it sounds more appealing. :-)
On MSG it's possible and legit to have different username and public name under one account. 
« Last Edit: June 25, 2015, 16:10 by KnowYourOnions »


« Reply #42 on: June 25, 2015, 08:22 »
+2

I fully agree if what you have is the right thing for customers with large budgets, you can charge more, but wouldn't it be better to keep it at pond5 with a 500 dollar price tag or more?
300 was too cheap for professional production costs, so for 200 you should proably pull it and move it elsewhere.

I would guess they need better growth numbers to impress the Wall Street.

I tend to match my prices at SS and P5. I'm afraid not many customers would want to spurge $500 on a clip if they can get it for $199. At the moment Shutterstock is my best earner and I can't afford to quit it. But this move sure made my think about diversifying my revenue base.

This is the battle for buyers that SS will most likely win.
Sadly, P5 was a great idea but didn't react fast/smart enough to shake SS more and grab some big fishes.
There is NO logic to price $500 clips anywhere when they can be found for $199 on SS.

AND P5 does not have extended licenses!
Why they like to keep that amateurish attitude, I will never get!  :(
Based on my experience many buyers will happily pay $500 for a micro style image so why wouldn't they happily pay $500 for a 4k clip?

PaulieWalnuts

  • We Have Exciting News For You
« Reply #43 on: June 25, 2015, 09:56 »
+2

I fully agree if what you have is the right thing for customers with large budgets, you can charge more, but wouldn't it be better to keep it at pond5 with a 500 dollar price tag or more?
300 was too cheap for professional production costs, so for 200 you should proably pull it and move it elsewhere.

I would guess they need better growth numbers to impress the Wall Street.

I tend to match my prices at SS and P5. I'm afraid not many customers would want to spurge $500 on a clip if they can get it for $199. At the moment Shutterstock is my best earner and I can't afford to quit it. But this move sure made my think about diversifying my revenue base.

This is the battle for buyers that SS will most likely win.
Sadly, P5 was a great idea but didn't react fast/smart enough to shake SS more and grab some big fishes.
There is NO logic to price $500 clips anywhere when they can be found for $199 on SS.

AND P5 does not have extended licenses!
Why they like to keep that amateurish attitude, I will never get!  :(
Based on my experience many buyers will happily pay $500 for a micro style image so why wouldn't they happily pay $500 for a 4k clip?

This has been my experience too when selling direct. Things are getting way too cheap but it's because it's being offered to the buyers so why wouldn't they want it?

The only reason cheap, and now cheaper, options exist is because we contributors gladly continue to support it. If nobody contributed to SS the company and others wouldn't exist. Instead SS has become insanely successful from continual contributor and image growth. 

KB

« Reply #44 on: June 25, 2015, 10:11 »
+1
The only reason cheap, and now cheaper, options exist is because we contributors gladly continue to support it. If nobody contributed to SS the company and others wouldn't exist.
It isn't all about SS, though (I realize the thread is). If I search '4K' on P5 and put the price slider at <$99, I get 59,438 results. That's more files than > $99 (56,012). At < $49, there are still 15,451 results.

So your second sentence above is true, but not realistic -- because your first sentence above is even "more true".

« Reply #45 on: June 25, 2015, 10:26 »
+1
Like anyone else, I don't like to see price drops on my content. But my 4K clips on SS have never sold, not once, and I have only one 4K sale at P5. So I will reserve judgement until I see if this price drop affects sales positively.

And as others have stated, I have to guess the real reason for the SS price drop is because P5 and perhaps others (?) are selling 4K content much cheaper. I just looked through a random sampling of 20-30 4K shots on P5 - most were priced under $100 and only one was priced above $199.

« Reply #46 on: June 25, 2015, 10:36 »
0
From buyers point of view 4K packs are just great and not to miss deal!
I suspect SS will flood existing and new buyers with this offer and many will go for it.

The pricing for SS 4K packs is as follows:
5 Clips $929
10 Clips $1,759
25 Clips $4,259

Time will tell ...

P.S. why P5 doesn't offer packs?
« Last Edit: June 25, 2015, 11:40 by KnowYourOnions »

« Reply #47 on: June 25, 2015, 11:44 »
+3
P.S. why P5 doesn't offer packs?
You need to get off your nutty campaign against Pond5, how would a pack work when all the files are differently priced?  They also offer credit packs already https://www.pond5.com/index.php?page=credit_packages

PaulieWalnuts

  • We Have Exciting News For You
« Reply #48 on: June 25, 2015, 12:12 »
+4
The only reason cheap, and now cheaper, options exist is because we contributors gladly continue to support it. If nobody contributed to SS the company and others wouldn't exist.
It isn't all about SS, though (I realize the thread is). If I search '4K' on P5 and put the price slider at <$99, I get 59,438 results. That's more files than > $99 (56,012). At < $49, there are still 15,451 results.

So your second sentence above is true, but not realistic -- because your first sentence above is even "more true".

Yes that applies to all of these sites not just SS but SS is currently the dominant player. But now they risk pulling an IS by alienating contributors in doing whatever it takes to win more buyers in competing with Adobe. They most likely won't raise prices and they won't give anything more to contributors so what options are left? Exactly. Changing prices to their benefit and squeezing contributors.

And about my second sentence, just stating a fact. They clearly have some excellent business talent to get to where they are but without contributor content there would be no SS. Their success is in direct relation to contributor support and by their massive success and record level new file growth contributors are indicating we're overwhelmingly thrilled with the royalties and terms.

« Reply #49 on: June 25, 2015, 14:35 »
+2
Quote

P.S. why P5 doesn't offer packs?

I am convinced that you are not contributing to p5 in photos or video and yet you seem to know everything.
Nonetheless,p5 does discounts from time to time.I dont know if they work but regardless we always get 50% commission discounted or not.
I have my issues with them and i express them in public but as far as i know noone does what they do as far as commissions are concerned.

And about the other thing you said earlier that you dont support p5 due to the absense of the extended licences,well let me put it this way about ss.
A rape is a rape regardless of someone passing a bottle of lube and giving a hug every now and then (pardon me for being so colorful)


 

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