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Author Topic: SS' part of earnings???  (Read 6735 times)

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« on: April 04, 2010, 11:38 »
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How does SS make any money from 25-a-day subscriptions when they pay $0.25 per image to a novice contributor and even more to those who have been selling above a certain level? Subcription of $249 per 750 images (25 a day, 30 days) equals $0.33 per image.


WarrenPrice

« Reply #1 on: April 04, 2010, 12:03 »
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How does SS make any money from 25-a-day subscriptions when they pay $0.25 per image to a novice contributor and even more to those who have been selling above a certain level? Subcription of $249 per 750 images (25 a day, 30 days) equals $0.33 per image.

That's a good question.  Do you suppose the 30-day limit might be the answer?  I wonder how many actually download 750 images?

« Reply #2 on: April 04, 2010, 12:11 »
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I wonder how many actually download 750 images?

Very few or they'd have gone bust years ago. Subscribers tend to be business users who don't work weekends and probably only download about half their allowance or less on any given day. Siupposedly the average subscriber downloads about one third of their full entitlement.

« Reply #3 on: April 04, 2010, 12:59 »
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I think SS business model can be compared to the concept of an "all you can eat buffet" concept with a few exceptions. With the buffet concept the most money is made on all of the people that pay the fee and DO NOT go back for a second trip to fill their plates ...

However ... if one day that were to change due to a football or other sports team practice center opened next door and all of the football players came every day to fill their plates multiple times each day in mass numbers ... the business would likely have to rethink their strategy due to the change in their business landscape.

If SS had all of its subscription users "fill their plates" everyday the model would not likely be profitable if this were the case over a significant amount of time.



-Mark
http://markwpayne.wordpress.com
 

« Reply #4 on: April 04, 2010, 13:43 »
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Yeah, I'd assume people don't use all their possible downloads. Regardless, they probably still save money with the subs.

On a sort of side note, I'd like to see SS count vectors and larger jpegs as multiple downloads. This would be great for contributors, but I wonder if it would eat into SS's profits. I know Fotolia does this for vectors which is nice, although they kind of skimped on the larger size jpeg bump. It's weird that Fotolia almost got it right, so I guess it may be possible for SS too.

« Reply #5 on: April 04, 2010, 18:45 »
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How does SS make any money from 25-a-day subscriptions when they pay $0.25 per image to a novice contributor and even more to those who have been selling above a certain level? Subcription of $249 per 750 images (25 a day, 30 days) equals $0.33 per image.

its the same thing that "photospin" is doing. They assume that not every customer will use/need the upload limit.

« Reply #6 on: April 04, 2010, 19:50 »
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How does SS make any money from 25-a-day subscriptions when they pay $0.25 per image to a novice contributor and even more to those who have been selling above a certain level? Subcription of $249 per 750 images (25 a day, 30 days) equals $0.33 per image.

its the same thing that "photospin" is doing. They assume that not every customer will use/need the upload limit.

yeah except photospin is completely stupid. LOL

« Reply #7 on: April 04, 2010, 23:40 »
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Yeah, I'd assume people don't use all their possible downloads. Regardless, they probably still save money with the subs.

This is the very reason that I believe that the subscription model still exists in its present state. Its Win-Win for the buyers and the agency ...

-Mark

« Reply #8 on: April 05, 2010, 01:25 »
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its the same thing that "photospin" is doing. They assume that not every customer will use/need the upload limit.
yeah except photospin is completely stupid. LOL
Not so. Their collection is so limited and partly sub-par that nobody wants to eat all he can there, on penalty of a bad indigestion.
The site sounded familiar so I was afraid it was one of those upload-forget places I uploaded in my promiscuous period 2-3 years ago. I looked in my niche and I wasn't there, phew... Doing so, I found what they have in that niche completely miserable.
The "business" area is dominated by MonkeyBusiness Images (all in front for the first 15 pages) with a few Arcurs images. So if your name is Heroturko, you can leech their full portfolio easily in 12hrs with a faked credit card.

« Reply #9 on: April 05, 2010, 02:44 »
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On a sort of side note, I'd like to see SS count vectors and larger jpegs as multiple downloads. This would be great for contributors, but I wonder if it would eat into SS's profits. I know Fotolia does this for vectors which is nice, although they kind of skimped on the larger size jpeg bump. It's weird that Fotolia almost got it right, so I guess it may be possible for SS too.

+1 for the vectors.
Fotolia is kind of mixed up, it's got increased sub prices for vectors(3x premium) but an XXL jpeg version of the vector is more expensive than the full size high detail (8credit) editable vector lol. However I still had sales for jpg versions which were more expensive than what the vector version would have costed.. oh well.

« Reply #10 on: May 05, 2010, 12:31 »
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Just curious if anyone notices long periods when sales come to a halt. I seem to experience this all the time on Shutterstock. It appears that if I have a good start on a day with a lot of sales in the morning - suddenly they come to a complete halt - no sales for the next few hours. Very strange. I almost feel like someone or a program kicks in and slows down your sales.

The other strange behaviour I have found is everytime I complain to SS of an issue regarding sales my sales pickup right away.The last time I  complained that I hadn't had an OD/El's in two weeks (I normally have a few every day) the OD's started right away.

Sometimes I am tempted to think that someone is skimming my sales off the top -perhaps under reporting the sales and someone else is benefiting from my real sales.

ap

« Reply #11 on: May 05, 2010, 12:47 »
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Just curious if anyone notices long periods when sales come to a halt. I seem to experience this all the time on Shutterstock. It appears that if I have a good start on a day with a lot of sales in the morning - suddenly they come to a complete halt - no sales for the next few hours. Very strange. I almost feel like someone or a program kicks in and slows down your sales.

since ss have so many buyers from the international community, i think purchases are country related, and therefore time related. my buyers start clicking around midnight for me (asia or europe). by the time i wake up in the mornings, most of the sales have been made. if there are us buyers they must do it very early in the morning or a few later in the day.

as for everything else, coincidence or paranoia. you need a little bit more proof.  ;)

« Reply #12 on: May 05, 2010, 12:56 »
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Just curious if anyone notices long periods when sales come to a halt. I seem to experience this all the time on Shutterstock. It appears that if I have a good start on a day with a lot of sales in the morning - suddenly they come to a complete halt - no sales for the next few hours. Very strange.
Well not really. Most buyers on SS are business buyers, as you can probably see on your low weekend sales. You have to take business hours and breaks into consideration for the different time zones. Depending on when your morning is, there is a peak of sales after 10am CET (Central European Time) and then a pause till the US East Coasters take over (time diff 6hrs). It then goes on to the US West Coasters that seem to be my best buyers in their PM. When in Europe, it's easier to follow than from here, East Asia.

ap

« Reply #13 on: May 05, 2010, 13:01 »
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When in Europe, it's easier to follow than from here, East Asia.

fd,

if you're in asia, isn't it around 2 am?

Noodles

« Reply #14 on: May 05, 2010, 13:07 »
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Just curious if anyone notices long periods when sales come to a halt. I seem to experience this all the time on Shutterstock. It appears that if I have a good start on a day with a lot of sales in the morning - suddenly they come to a complete halt - no sales for the next few hours. Very strange. I almost feel like someone or a program kicks in and slows down your sales.

Here's some good, healthy and free advice - stop watching your stats every 5 minutes and go out and live a bit :-)

« Reply #15 on: May 05, 2010, 16:58 »
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"come to a complete halt - no sales for the next few hours"

Perhaps I should clarify. I am in the Eastern TimeZone. I normally have consistent sales every hour from (6 am - 5pm EST) on weekdays. More sales early morning and then later in the day (50% of my daily sales are by say 10 am)

There are some early sales before 6am and then I may have some stragglers in the evening hours probably australia/Japan etc.

Now if I get 0 sales for say 4 hours between 6am -5pm on a weekday I would consider that highly unusual. It could mean there was perhaps a glitch that day -but I would expect that my sales will all catch up later but this does not happen. I feel like I am losing my sales during that period. Shouldn't there be some independent auditing of SS that guarantees that what is actually sold is what we are paid?

« Reply #16 on: May 05, 2010, 18:22 »
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Maybe sales info doesn't update in real time. Maybe it's updating every few hours.


 

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