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Author Topic: How did your forecast turn out? We ask Steve Debenport!  (Read 3755 times)

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« on: July 20, 2020, 02:27 »
+1
Steve Debenport and his team are one of the world's top stock producers. He told us how he has seen the business evolve, how he has adapted to the current pandemic and how he sees the future. Enjoy the great read!

https://www.stockperformer.com/blog/how-did-your-forecast-turn-out-we-ask-steve-debenport/


Noedelhap

  • www.colincramm.com

« Reply #1 on: July 20, 2020, 07:22 »
+2
I can never quite understand why exclusive contributors like him never criticize their own agency. He mentions the subscription model introduction in 2014 and subsequently a large revenue drop, but then explains he had to change the way he ran his business.
Also no mention of how iStock lost their market leader position to Shutterstock and Adobe, or how the latest changes at Shutterstock are going to destroy the market.

wds

« Reply #2 on: July 20, 2020, 08:08 »
0
Is Adobe really undercutting the competition from a pricing standpoint?

« Reply #3 on: July 20, 2020, 09:26 »
0
i think he missed that selling footage was an opportunity 5 years ago,not now,with so many 2/3$ sales...

« Reply #4 on: July 20, 2020, 09:30 »
+2
I can never quite understand why exclusive contributors like him never criticize their own agency. He mentions the subscription model introduction in 2014 and subsequently a large revenue drop, but then explains he had to change the way he ran his business.
Also no mention of how iStock lost their market leader position to Shutterstock and Adobe, or how the latest changes at Shutterstock are going to destroy the market.

because he is exclusive and he, for his own business safety, can't talk against istock(getty) and about market, this interview is for stock performer site where they expect people continue to use microstock and their tool.

we cant expect to be objective there.

Shelma1

« Reply #5 on: July 20, 2020, 10:07 »
+3
What I find sad about the article is that he lost income, then ramped up production in order to regain his earnings...how long is that sustainable? There'll come a point when so many images are being produced that there's simply no way to keep up any more. (I think that point has been reached already.)

« Reply #6 on: July 20, 2020, 11:07 »
0
I find his move anything but sad. He is making tens of thousands $ a month. It doesn't have to sustainable for ages, 5-10 years is enough for him to retire. Actually, I think he already can. He is not doing it for community's higher cause.
« Last Edit: July 20, 2020, 11:13 by pics2 »

« Reply #7 on: July 20, 2020, 11:12 »
0
Closed my istock account some months ago. Nowadays microstock earnings depends at the luck of some larger sales.
Meaning without some larger sales every month microstock is death.
It still may work some time for exclusive contributors. But istock, or exclusivity - no thanks.

Shelma1

« Reply #8 on: July 21, 2020, 04:49 »
+2
I find his move anything but sad. He is making tens of thousands $ a month. It doesn't have to sustainable for ages, 5-10 years is enough for him to retire. Actually, I think he already can. He is not doing it for community's higher cause.

How do you know? Tens of thousands a month sounds like a lot, but if you have staff salaries and high equipment, model/actor and location costs to pay, youre not making all that much yourself. People who live in expensive areas like New York and make 20K per month are just managing to pay their sky high rents or mortgages and property taxes.

ShadySue

  • There is a crack in everything
« Reply #9 on: July 21, 2020, 07:31 »
0
I find his move anything but sad. He is making tens of thousands $ a month. It doesn't have to sustainable for ages, 5-10 years is enough for him to retire. Actually, I think he already can. He is not doing it for community's higher cause.

How do you know? Tens of thousands a month sounds like a lot, but if you have staff salaries and high equipment, model/actor and location costs to pay, youre not making all that much yourself. People who live in expensive areas like New York and make 20K per month are just managing to pay their sky high rents or mortgages and property taxes.
Yes indeed: turnover is vanity, only profit is sanity. So everything depends on whether the 'tens of thousands $ a month' is gross or net.

« Reply #10 on: July 21, 2020, 14:11 »
0
I find his move anything but sad. He is making tens of thousands $ a month. It doesn't have to sustainable for ages, 5-10 years is enough for him to retire. Actually, I think he already can. He is not doing it for community's higher cause.

How do you know? Tens of thousands a month sounds like a lot, but if you have staff salaries and high equipment, model/actor and location costs to pay, youre not making all that much yourself. People who live in expensive areas like New York and make 20K per month are just managing to pay their sky high rents or mortgages and property taxes.
because I know few of them that are in the same category like he is. It is of course their private matter and I don't feel like making it public. I just wanted to point out to you that your estimate is far far away.

Shelma1

« Reply #11 on: July 21, 2020, 14:23 »
0
I find his move anything but sad. He is making tens of thousands $ a month. It doesn't have to sustainable for ages, 5-10 years is enough for him to retire. Actually, I think he already can. He is not doing it for community's higher cause.

How do you know? Tens of thousands a month sounds like a lot, but if you have staff salaries and high equipment, model/actor and location costs to pay, youre not making all that much yourself. People who live in expensive areas like New York and make 20K per month are just managing to pay their sky high rents or mortgages and property taxes.
because I know few of them that are in the same category like he is. It is of course their private matter and I don't feel like making it public. I just wanted to point out to you that your estimate is far far away.

My estimate? I didnt estimate anything.

« Reply #12 on: July 21, 2020, 14:33 »
0
I find his move anything but sad. He is making tens of thousands $ a month. It doesn't have to sustainable for ages, 5-10 years is enough for him to retire. Actually, I think he already can. He is not doing it for community's higher cause.

How do you know? Tens of thousands a month sounds like a lot, but if you have staff salaries and high equipment, model/actor and location costs to pay, youre not making all that much yourself. People who live in expensive areas like New York and make 20K per month are just managing to pay their sky high rents or mortgages and property taxes.
because I know few of them that are in the same category like he is. It is of course their private matter and I don't feel like making it public. I just wanted to point out to you that your estimate is far far away.

My estimate? I didnt estimate anything.
"What I find sad about the article is that he lost income, then ramped up production in order to regain his earnings...how long is that sustainable? There'll come a point when so many images are being produced that there's simply no way to keep up any more. (I think that point has been reached already.)"


 

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