MicrostockGroup
Agency Based Discussion => Sites that no longer exist => Veer => Topic started by: AaronBooth on May 12, 2009, 12:54
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I'd like to clarify the Veer Marketplace royalty structure for everyone here. There's been discussion about our rate of 35%, which is close but not quite correct as it doesn't take into account pricing for Credit Packs and Subscription packages.
The VMP Rate Card now includes pricing so you can more accurately calculate net percentages. Note: the currency exchange rates will be updated monthly.
For Credit Packs, VMP pays $0.35 per credit, however, the customer price per credit ranges from $1.50 to $0.95 depending on the size of credit package purchased. As such, contributor royalties will range from 23% to 37% accordingly. We expect the sweet spot for customer purchases to be mid-range.
For Subscriptions, VMP pays $0.20 per credit. In this model, contributor royalties range from 24% to 65% again depending on the size of the package purchased and by how many credits are used. Remember we pay per credit, not per download for subscriptions.
All the pricing details are on the updated Rate Card. It's been posted to Veer at http://submissions.veer.com (http://submissions.veer.com).
Here's the direct link to the PDF: http://www.veer.com/download/pdf/vmp_ratecard.pdf
Aaron
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Thanks, Aaron. This helps a lot! :)
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Aaron,
what are the specific pixel dimensions on your sizes ex S, M, L, XL, etc?
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Aaron,
what are the specific pixel dimensions on your sizes ex S, M, L, XL, etc?
The pixel dimensions are listed on the product detail page of VMP images.
Here's an example: http://www.veer.com/products/detail.aspx?image=MPP0076434
Also, check the Submission Guidelines FAQ (http://www.veer.com/download/pdf/vmp_submission_guidelines.pdf) for more information.
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Thanks for the clarification Aaron :)
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It sounds quite fair and way up than on some other places...
I hope that there will be decent number of sales at VMP.
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Thanks Aaron. Looking forward to the launch date. Had you guys done this months ago instead of starting Snapvillage you would almost certainly be in the big 6 by now. Still better late than never I suppose. ;)
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Great thanks Aaron! Looks like my 12.2MP A700 fits the XL category.
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So, has anyone got any royalties from Veer yet? Where do they show?
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So, has anyone got any royalties from Veer yet? Where do they show?
they don't show yet, they get sent via email at the end of the month, May 9 last month.
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I'd like to clarify the Veer Marketplace royalty structure for everyone here. There's been discussion about our rate of 35%, which is close but not quite correct as it doesn't take into account pricing for Credit Packs and Subscription packages.
The VMP Rate Card now includes pricing so you can more accurately calculate net percentages. Note: the currency exchange rates will be updated monthly.
For Credit Packs, VMP pays $0.35 per credit, however, the customer price per credit ranges from $1.50 to $0.95 depending on the size of credit package purchased. As such, contributor royalties will range from 23% to 37% accordingly. We expect the sweet spot for customer purchases to be mid-range.
For Subscriptions, VMP pays $0.20 per credit. In this model, contributor royalties range from 24% to 65% again depending on the size of the package purchased and by how many credits are used. Remember we pay per credit, not per download for subscriptions.
All the pricing details are on the updated Rate Card. It's been posted to Veer at [url]http://submissions.veer.com[/url] ([url]http://submissions.veer.com[/url]).
Here's the direct link to the PDF: [url]http://www.veer.com/download/pdf/vmp_ratecard.pdf[/url]
Aaron
Hi Aaron,
I did criticize veer a bit on that other thread. But I believe you deserve some credit for your subscription model. Although I am not delighted for the pay per download percentages, subscription model is more than good to make up for it.
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So, has anyone got any royalties from Veer yet? Where do they show?
they don't show yet, they get sent via email at the end of the month, May 9 last month.
Zeus is correct. Royalties earned during the Phase 1 Preview version of Marketplace (the one your images are live on now) will be reported via email - you will receive this no later than the 10th, and if you earned enough for a payout ($10 or more), payment will be deposited into your PayPal account on the 15th.
Once the full version of Marketplace launches later this summer you'll have live reporting directly in your Marketplace account.
- Brian