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Author Topic: veer subs  (Read 16293 times)

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Microbius

« on: September 23, 2011, 10:19 »
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Just got the email:

"Introducing Veer Subscriptions

Later this year, Veer will begin offering image buyers the opportunity to purchase monthly
and yearly image subscriptions through a Veer Subscriptions web site.

The new site will share registration functionality with veer.com, giving new and current
customers convenient access to a high volume of images at reduced prices. Customers will
be able to download 30 images each day, which should prove popular since its more
than most competing subscription services offer.

Contributor benefits
The subscription model offers a new royalty stream that doesnt require you to upload images
a second time. Were also pleased to announce a higher royalty rate for contributors than
youll find at competing microstock web sites, with royalties up to $3.75 per download.

As an added bonus, your subscription sales and earnings will be integrated with your current
dashboard view on veer.com, allowing you to keep track of everything in one place. No
additional tax paperwork or contributor agreements are necessary.

Pricing and royalties
Each active subscription has a daily royalty pool that is shared by contributors whose images
have been downloaded. The royalty pool is divided by the number of images downloaded to
determine the royalty split for that day.

Basic subscriptions have a base royalty pool and come with basic licenses. Extended
subscriptions, with extended protection plans and unlimited reproduction licenses, have a
base royalty pool of $3.75.

If a subscriber downloads one image your image youll get the entire pool for that
subscription, on that day. If a subscriber downloads 10 images in one day, and only one of
those images is yours, youll receive one-tenth of that pool.

The new rate card explains the downloads/royalties relationship in more detail. In your
dashboard, youll be able to tell how many other images a customer downloaded each day by
the royalty shown for any image listed.

Opting out
The subscription model described above is designed to be lucrative for the Veer contributor
community. As this is a new development that you might not have been anticipating, were
offering contributors a one-time opportunity to opt out. As of October 8, 2011, anyone who
applies to be a contributor will be automatically opted in.

To opt out, send an e-mail to contributorhelp@veer.com with the subject line Subscription
opt-out. In the body, provide your contributor alias (if applicable), the e-mail address you
registered with if different from this one, and include the message I do not wish to participate
in the Veer Subscription program at this time. Please exclude my images from the subscription
web site.

Opt-out e-mails must be time-stamped before 11:59 pm (PST), October 21, 2011."


RT


« Reply #1 on: September 23, 2011, 10:21 »
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With an all time low commission of 0.10c if the buyer downloads all their allocation for the day.

grp_photo

« Reply #2 on: September 23, 2011, 10:33 »
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I have quite a lot pictures at Veer that I don't have on any other microstocksite (uploaded them at a time there Snapvillage was midstock) so  I will opted-out. Subscription really becomes a kind of new pest, but kudos to Veer that they offer an opted-out, much appreciated.

« Reply #3 on: September 23, 2011, 10:34 »
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UNLIMITED RUN under subscription for cents??? COME ON VEER ????

Added:

" Extended plans include the Unlimited Reproduction license and the Extended Protection Plan."

and all that for just 3.75 down to 0.13

OPT OUT is MUST here!
« Last Edit: September 23, 2011, 10:45 by Albert Martin »

« Reply #4 on: September 23, 2011, 10:55 »
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I wish that sites would list the lowest possible royalties instead of listing the highest possible royalties (which are usually meaningless), or at least the range. Nice of them to give us an opt out option though (for now?).

Subs EL sounds like a bad idea at these prices.

fujiko

« Reply #5 on: September 23, 2011, 11:00 »
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One of the most cr*p subs plan ever heard...

10c subs?

What's next?

« Reply #6 on: September 23, 2011, 11:34 »
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I have to say Veer really knows how to push me off the site. First, they decide to sell raster sizes for vectors. Then, they make it tedious to upload by requiring extra high resolution jpegs. Now, subs. They've done a lot to destroy that initial excitement of Dash for Cash. Oh well.

« Reply #7 on: September 23, 2011, 11:59 »
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I didnt get the e-mail and i also cant find the royalty chart for those subs. I checked the contributor FAQs and there's the chart for regular sales, but no sign of the subs.
Could anyone please toss a link to the subs info?
Merci!


« Reply #9 on: September 23, 2011, 12:08 »
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Thank you much mister Etien :)
Ok... that didnt take long to decide to opt-out; selling an EL for $0.13 (or $0,14-3,75), nuhuh.
Kudos to veer for the opportunity to opt-out though!

« Reply #10 on: September 23, 2011, 12:36 »
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Thanks for posting the rates and the letter people (I didn't get it). I just opted out w/ a note saying that I thought the minimum was too low and that it was way too low for an EL license.

Hopefully if enough people opt out for these reasons they will amend the program to cover these concerns.

ayzek

« Reply #11 on: September 23, 2011, 13:08 »
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sended Opted-out request.

« Reply #12 on: September 23, 2011, 13:49 »
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I did not receive the information directly but I sure as heck am going to let them know what I think and so should YOU!

What exactly should we all demand from them?

.10 cents payment is unacceptable for any size of download
EL's are unacceptable.
Placement on products is unacceptable
Maximum usage should be ______ (100,000 or less?)
Subscription downloads should be paid on a scalable credits system based on size

What have I missed?

« Reply #13 on: September 23, 2011, 14:05 »
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Does it say anywhere how much they will be charging for the subscriptions and then what our % of the sales will be (not $ amount)?

This seems similar to iStock's subscription plan (except iStock's minimum is $0.65).  One thing I don't like about a plan like this, is it looks like we are getting a better deal than we really are (at least in the case of iStock.. not totally sure how Veer will work)

On iStock they say you will get a fixed % of the sold credits for that buyer.. like Veer, so if the buyer has a $10/day subscription and only buys your image and you are at %20, you will get $2 for that sub download.  Since buyers often don't fill their subscription it looks like the photographers could get paid well.

The problem is, when buyers are buying images they will fill at least most of their subscription.  The days they don't buy, they won't be anything and iStock takes all the money on those days.  If there are 20 working days in a month that means 10 days they don't buy images and 10 days iStock gets to keep 100% of the sub package, making our % closer to 13% than 20% (in this example)

« Reply #14 on: September 23, 2011, 16:33 »
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Thanks. I'm out.

« Reply #15 on: September 23, 2011, 16:54 »
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Does it say anywhere how much they will be charging for the subscriptions and then what our % of the sales will be (not $ amount)?


It doesn't say it, but as an assumption let's say they price it similar to the competition, so maybe around the $250 per month base.

Out of that they will pay out $3 each day the customer downloads anything - and nothing on each day the customer doesn't download.

Hard to calculate a percentage, but it clearly means that they will not be taking any risk - maximum payout will be $90, which (assuming a price of $250) comes down to 36%.

Taking out weekends we'll end up around 20 "download days", that would mean 24% payout.

Anyway, the whole idea is crap.

Yes, introduce subs, that's fine with me. But then make it competitive (for the contributor), e.g. a minimum payout per download of at least 35 cents (equals DT, better than first two levels on SS).

And ELs as subs is a no-go.

ETA: I didn't get the e-mail.

And I would love to hear from Veer's representatives here what they have to say about the feedback here.

« Reply #16 on: September 23, 2011, 17:00 »
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I'm definitely opting out. I have only a small number of files on Veer (painful upload and glacial review process), so quitting altogether if they later drop the opt out will be easy.

If they are serious about having a subscription offering, they'll need to do something about reviewing so they can keep a stream of new content coming to subscribers. Perhaps they're really doing this to dump a bunch of wholly owned content into a subs plan and outside contributors just suffer the collateral damage of industry-worst compensation

KB

« Reply #17 on: September 23, 2011, 18:50 »
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Forgetting about the ridiculous EL commission, $0.10 for an XS sub sale would be pretty bad. But I didn't see any mention of size. Are they going to be giving away XXL sizes for $0.10?

With this and FT's announcement today, and the other things that happened over the last year or so, it seems we are witnessing the ever quickening downfall of microstock.   :(  I wonder how many of us will still be around 2-3 years from now?

« Reply #18 on: September 23, 2011, 21:10 »
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Any company who thinks paying a contributor 13 cents for an extended license is FAIR is out of its freaking gourd! I am opting out unless some sanity prevails.

And I was beginning to like Veer for giving half decent contributor royalties.

« Reply #19 on: September 23, 2011, 21:22 »
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I wonder how many cancellation e-mails they received today.  Just received theirs and sent mine. ;D

« Reply #20 on: September 23, 2011, 21:29 »
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I noticed that if you apply after Oct 8 you are automatically included in this subs program. Anyone that might want to apply to Veer in the future, I suggest you apply now.

« Reply #21 on: September 23, 2011, 22:56 »
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I've opted out as well just now got the email about an hour or so ago.

Definitely nice of them to let us to be able to opt out.  Of that.

Now I can get back to the business of uploading my port now that that's out of the way.

« Reply #22 on: September 24, 2011, 01:19 »
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I don't understand the logic here - the more images a subscriber downloads daily the less a contributor gets?

« Reply #23 on: September 24, 2011, 01:29 »
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Just sent my email to opt out. 10 cents is too low, even TS pays more than that.
Extended license subscriptions what

35 cents and I'll opt in. Surely that would be an easier system to work out.

They need to redesign so they take some of the risk on the royality structure not just me.

« Reply #24 on: September 24, 2011, 02:26 »
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I can't see why anyone would accept this.  Why don't sites ask some of us befroe they announce things like this?  Now they're going to get bombarded with opt out emails.  It also tarnishes their reputation, EL's that cheap are a big insult to contributors.

Where's the veer rep here?  I would like to see an apology and an alteration to those EL commissions or my enthusiasm to upload anything new to veer will take a hit.  I'm not sending my opt out email straight away, lets see if they can dig their way out of this mess and make some quick changes.


 

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