MicrostockGroup
Agency Based Discussion => VideoBlocks => Topic started by: Sean Locke Photography on January 23, 2018, 13:22
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FYI: https://contribute.storyblocks.com/third-party-platforms
"A share of each sale will go to the platform host (this will vary for each integration). You earn 60% of the revenue we collect from Third Party Platform sales. "
ie: We aren't going to tell you how little what we collect will actually be. But you'll get 60%!
Don't worry, though. You'll make it up in volume.
"By participating in this sales channel you are taking the opportunity to increase your sales exponentially."
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60% of HD $18 and 4k $79
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Well at least we are opted-out by default.
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exponentially !! surely that sounds good.
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... and after 30% less on ALL sales for us from non-treaty countries, it will be like paid with peanuts for HD and two for 4K...
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Question - maybe I am missing something... (I actually did opt-in)...
Isn't something better than nothing... or... by optin in - are you now effectively competing with yourself?
My thinking was it is an extra market that you weren't in before... even if the $ isn't as much - if I make a sale, a sale is still a sale, and I can/could still get sales from the main platform... or, is there something I am missing here?
Thanks!
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The question is can you opt in then opt back out if the numbers are crummy.
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There's a saying in Portuguese, "Quem entra na chuva é pra se molhar "
Roughly it translates, "Whoever goes out into the rain should expect to get wet".
I opted in.
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The question is can you opt in then opt back out if the numbers are crummy.
Yes, according to their license, you just contact them and tell them you want to opt-out if you don't like it.
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From my understanding there is a minimum payout per sale, or am I misunderstanding the tables?
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The minimum payout is 60% of whatever's left after the third party has taken their cut from the minimum price of $19. But as they've not stated what the cut is for the third party (Unless I've missed it) then our minimum payout could be anywhere from 1 cent to $11.40.
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The price floors and percentages seem quite good when compared to other similar schemes at least. This worries me less than the overall business model of Storyblocks being discussed in the other thread.
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Are you guys opting in? 60% from $19 seems awfully low.
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Are you guys opting in? 60% from $19 seems awfully low.
Of course not. I don't value my work very high, but I value it enough not to put it on istock, dreamstime, or in this partner program.
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Well $19 is the minimum... goes up to $199 for 4K. And 60% is better than 0% I guess.
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Well $19 is the minimum... goes up to $199 for 4K. And 60% is better than 0% I guess.
So is 1% #thumbs_up
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60% from $33 we usually got from HD sales would now be... $19,8 ?? Soon it will be in the iShit domain of $4 :D Supporting Videoblocks/Storyblocks is like spitting in own grave.
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SB says there is minimum pricing. https://contribute.storyblocks.com/faq/pricing-commission I didn't see anything about "negotiated" pricing, not that it can't (won't happen). But as their current third party FAQ is written and presented, it looks like there are minimum $$ a customer will have to pay, unless I'm not reading the email right. They state: *This is the guaranteed price floor. Pricing is variable and may be higher based on the platform or the customer needs.
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"Exponentially". LOL LOL
I'd bet a dollar whoever is running this scam - er, "agency" - doesn't even really know what "exponentially" means.
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SB says there is minimum pricing. https://contribute.storyblocks.com/faq/pricing-commission I didn't see anything about "negotiated" pricing, not that it can't (won't happen). But as their current third party FAQ is written and presented, it looks like there are minimum $$ a customer will have to pay, unless I'm not reading the email right. They state: *This is the guaranteed price floor. Pricing is variable and may be higher based on the platform or the customer needs.
That's fine for the other two sale types... as they're a fixed percentage of a minimum sale price. So unless they change anything, you know how much you're going to get.
The issue here is it's 60% of the minimum sale price after the third party has taken their cut... and they've not said how much that will be.
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The issue here is it's 60% of the minimum sale price after the third party has taken their cut... and they've not said how much that will be.
I thought it looked OK since the prices are not too low (compared to many other sites). But I hadn't thought about it being after the distributor taking an unspecified cut off the top - thanks for pointing that out.
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The issue here is it's 60% of the minimum sale price after the third party has taken their cut... and they've not said how much that will be.
I thought it looked OK since the prices are not too low (compared to many other sites). But I hadn't thought about it being after the distributor taking an unspecified cut off the top - thanks for pointing that out.
This is only assumed. Their site clearly says floor pricing. They do not say further erosion through heavy discounting as space suggests. Otherwise, why even have a third party pricing scheme since the prices are the same as market. Just say that there will be discounting off the market pricing. They didnt do that. They created a new floor pricing for third party. Now, i am not in the know, so anything could happen. I basing my feedback on what their site currently says.
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Opted-In to test but am skeptical of the "exponential" claim as well. Although sales have been pretty stagnant the last few months so theoretically might not be that hard to achieve "exponential" growth for a little while...
If they are talking about programs like Premiere and Final Cut as third party platforms, I've never really seen the appeal as an editor of being able to search for things within the program rather than just going online. A few other editors I've talked to had similar thoughts. Prefer to keep plugins, open windows in workspaces etc. to a minimum to avoid crashes.
Any idea what other platforms they might be talking about?
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Why not..... send an e-mail and ask?
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I'm definitely opt-out!
I was very suspicious from the beginning of SB because of the Graphicstocks policy. They already started with the bulls***s. I don't expect nothing good from them and even plan to remove my portfolio!
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It's not assumed, it's based on their published information. It quite clearly states that the 60% is after the third party takes their cut.
"60% after third party share"
Yes, there is a pricing floor (of $19), but the commission/payout/royalty floor is as yet unknown to us... as we dont know what the cut is for the third party.
As for why they have a third party pricing scheme... well the payout is 100% of the sale price for the marketplace and it's 60% of the sale price for Enterprise. The payout for third party does not match either of those two options, plus there are different licensing options at lower prices (I.e. the $19 one), so a new pricing scheme is required.
Nobody is saying there isn't a pricing floor, but it's the payout floor, or at least a rough idea of the third party cut that I'd be interested in knowing... which hasn't been communicated yet.
Although, I will admit that I guess there is a possibility that 'after third party share' might mean that 40% is the third party share. If so, its a pretty poor choice of wording, but it would go to explain why they haven't published the third party share... maybe they feel they already have!
If not, then I'll assume the reason they haven't published it yet is that it's a complicated split share based on many factors, or... it's a really high share and they want to make sure a bunch of people opt in before publishing it, so they can show off the massive portfolio they have of files available for the service at launch... before they all opt out!
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Well, again: "A share of each sale will go to the platform host (this will vary for each integration). You earn 60% of the revenue we collect from Third Party Platform sales. "
It's pretty clear. You get %60 of the 20% or 35% or whatever they get from the third party.
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Here's how the "partner sales" game would work in real estate.
I'm a real estate agent, you list your house with me, and agree that my commission will be 6%. Later on you agree to increase your chance of a sale by participating in my "partner" plan: if the "partner" sells it, you also pay him 6% . Now, I hand your listing over to another agent, he sells it, I do nothing, we both get 6%.
But hey, it's "a sale you would otherwise not have gotten".
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Unfortunately, this happens every time an agency realizes that can't do by itself the full job.
Its job is find clients, if the agency can't do these it's never a good point
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I'm very skeptical.
We know the minimum price the consumer will pay, we know our commission, but we don't know what percentage of the gross revenue is for the third party. They haven't even disclosed which third parties are involved.
Until there's more info about our minimum royalties, I'm opted out. I rather see them putting effort into improving Marketplace sales, because these have dried up.
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I'm surprised Getty hasn't done this with Istock - Getty takes 80 % and then Istock takes 85% of what is left and from a $100 sale they pocket $93 and the artist get $3.
I wonder if any sites have a 3 distributor chain yet - all taking their cut.
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I opted in, for now, it may work ok after all. Willing to give them a chance and support them. I would rather see them pay us 80% commission and use the 20% to grow the business and client department than venture into the PP world.
They state you can opt out at a later date if you need to which is a good thing. We all know how iStock's PP was a horrible experience, but the VB/SB team may be able to pull off something good for all involved. Stay tuned!
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I'm surprised Getty hasn't done this with Istock - Getty takes 80 % and then Istock takes 85% of what is left and from a $100 sale they pocket $93 and the artist get $3.
Oh wheesht! It's bad enough them [allegedly, and it's never been denied] pocketing all the Premium of the Premium Access sales and we just get a percentage of the low-priced sales.
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I guess they don't want to announce the partner until the big launch, but they want to get people on-board now so they have some numbers to use when they promote the launch.
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I received an email from them:
"Thanks for reaching out. We’re incentivized to sell the assets at a higher price since we share in profits, which means more money for you!
Content for the Consumer License will not be sold for less than 49$, which is the guaranteed price floor and you will make 60% after the platform has received their share. For example, if the Third Party were to receive 20% then you would receive $23.52 after a sale. If this were a Single-Use License you would take home $9.12. Please let me know if you have any questions. Thank you!"
I followed up with another email asking if the third party's take is always 20%, or if it could be more. If it's only 20%, it sounds like an okay deal.
Third party: 20%
Storyblocks: 32%
Contributor: 48% of sale price
Edit:
Received another reply:
"The prices will vary for each integration, but our goal is always to offer competitive prices points to buyers while ensuring the majority of the revenue we collect goes back to the artists. We are always looking for new ways to drive sales to our contributors and that is something we are strongly focusing on in 2018."
Not the answer I was hoping for. If the percentage is going to be different for each partner deal, I'm not convinced to join.
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I received an email from them:
"Thanks for reaching out. We’re incentivized to sell the assets at a higher price since we share in profits, which means more money for you!
Content for the Consumer License will not be sold for less than 49$, which is the guaranteed price floor and you will make 60% after the platform has received their share. For example, if the Third Party were to receive 20% then you would receive $23.52 after a sale. If this were a Single-Use License you would take home $9.12. Please let me know if you have any questions. Thank you!"
I followed up with another email asking if the third party's take is always 20%, or if it could be more. If it's only 20%, it sounds like an okay deal.
Third party: 20%
Storyblocks: 32%
Contributor: 48% of sale price
Edit:
Received another reply:
"The prices will vary for each integration, but our goal is always to offer competitive prices points to buyers while ensuring the majority of the revenue we collect goes back to the artists. We are always looking for new ways to drive sales to our contributors and that is something we are strongly focusing on in 2018."
Not the answer I was hoping for. If the percentage is going to be different for each partner deal, I'm not convinced to join.
Thanks for that, I'm also opting out.
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No third party is going to take less than %50.
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It would be a bit cheeky using an example with the partner taking 20% if it's not physically possible for them to take 20% on whatever sliding scale they're using.
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It would be a bit cheeky using an example with the partner taking 20% if it's not physically possible for them to take 20% on whatever sliding scale they're using.
It would, but nothing in the history of this industry suggests it will be otherwise.
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They should specify a maximum third party share. And also Single use HD minimum price should be mor than $19.
And they should announce what partners they work with. Can they guarantee that it's really only single use?