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Author Topic: SSTK Stock income and earnings reporting 2019  (Read 3072 times)

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« Reply #25 on: February 16, 2020, 04:36 »
0
About cheap production costs.
I have a day job and doing microstock just for fun.
My production costs are near zero.
When i come home from work at evening it is not much work to pimp up my dinner and make 5 images.
It takes me not much time to edit this images and upload it to some microsotock agencies.
This little effort generates enough money tp buy a new DSLR or lenses from time to time.
I am sorry about the pros here, otherwise i mainly shoot food and landscape / flowers.
So no directly competition for pros.


« Reply #26 on: February 16, 2020, 05:27 »
+2
This forum is about stock photography but the reality is that outsourcing labour costs to where costs are lower has been common for the past 15+ years.

I remember when HSBC and dozens of other UK banks moved their operations overseas and the controversy this caused. This was 2003.

https://www.independent.co.uk/news/business/news/hsbc-to-outsource-4000-uk-bank-jobs-to-asia-91762.html

Back to the stock photography universe, obviously prices are dropping. No question about that. So what is one to do if they live in an "expensive part of the world". Perhaps some solutions:

1. Move to a less expensive part of the world.
2. If you shoot lifestyle, try to differentiate yourself. For instance, it may be difficult for those dozens of stock producers in eastern Europe to find models of different ethnic types, although I have to admit that I haven't researched.
3. As mentioned by Snow, shooting news / human interest editorials which cannot be replicated in a studio. Although putting them exclusively on Alamy is risky imo.
4. Shooting travel of places that aren't saturated still has a future because the cost barriers associated people from lower income countries. Although we're talking about more far-flung places, after all someone from Belgrade can travel low-cost to almost anywhere in Europe these days and stay at a hostel.
5. Shoot video: Less saturated, for now..especially the 4K variety.
6. Demote the stock stuff to pure hobby with some income instead of relying on it to make a living. Sometimes we all have to know when to move on.
Moving labour  costs to cheaper countries has been happening for 100s of years look at the clothing industry for example. Technology has enabled this in the more middle class "knowledge" industries. The lifespan of "microstock" as a viable business for suppliers  was always going to be limited. For people who make a living from photography probably the best strategy is to look at other avenues and have stock as a minor income stream.

rinderart

« Reply #27 on: February 18, 2020, 17:06 »
0
BINGO!!!!!!!!! all thats Happening was clear as a bell many Years ago Im Afraid.Well......truth. I used MS as a way to sell workshops from Hawaii to Los Angeles. What I saw sadly in 2003 was a whole Bunch Of People without a clue.3 Books .12 Years of Workshops, Private Studio Classes that are still Popular.. Daddy Didn't raise any Fools. He was a Well Known Rocket scientist and Before that a Horse Bookie to the stars since the Late 1930's. LOL. "Smarter ....Not Harder.
« Last Edit: February 18, 2020, 17:09 by rinderart »

« Reply #28 on: February 18, 2020, 17:55 »
0
Therefore, like the rest of the company in the world, in any sector, for example, vehicles, or pay-per-view TV series, they will have to take the step of earning less for the product or service and earning in volume, more consumers, adapting prices in the country of download, fighting against downloads through VPN, as well as pay TV in countries where the price per month is cheaper.

In conclusion, the downloads in the Republic of Zimbabwe will be opened to determine that the customer really is from the Republic of Zimbabwe. And logically the commission is the same in percentage and decreases the value. The good thing is that the illegals will never pay for a download and we will have less money for each download but the number of downloads will be extended to many customers who can legally and affordably access a market that has been impossible to pay so far.

The competition, more files and collaborators is no problem, the best survive. Moreover, having everything is a great heritage. Rejecting is a waste of money for the agency.

The next logical move is superfluous expenses. It is not necessary to have more than one neuron to determine that the collaborators already speak of their complaints in their official forum. It is better to listen to their forum, for free, than to spend money on a survey company to be told the same thing as free.

« Reply #29 on: February 18, 2020, 19:11 »
+1
BINGO!!!!!!!!! all thats Happening was clear as a bell many Years ago Im Afraid.Well......truth. I used MS as a way to sell workshops from Hawaii to Los Angeles. What I saw sadly in 2003 was a whole Bunch Of People without a clue.3 Books .12 Years of Workshops, Private Studio Classes that are still Popular.. Daddy Didn't raise any Fools. He was a Well Known Rocket scientist and Before that a Horse Bookie to the stars since the Late 1930's. LOL. "Smarter ....Not Harder.

What?


 

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