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By Jim PickerellPosted: 8/27/2010Read Full Article (2 Credits)696 words
Recently on LindedIn Jacintha van Beveren observed that “The old
photography business model is gone,” and asked if the road to survival
and future success is through “creativity and flexibility or stubborn
protection?” In my opinion neither “more creativity nor stubborn
protection” will work. Read this story to gain some insights as to why the old ideas no longer work and what might work in the future.
By Jim PickerellPosted: 8/25/2010Read Full Article (2 Credits)3324 words
When I published “Top Pros Stop Shooting”
in my other newsletter Selling-Stock received an unusual number of comments from industry leaders. Most of those who commented had some disagreement with
the positions I took in the article. Since PhotoLicensingOptions readers will have missed
seeing these comments, I have printed them here along with an editorial response.
By Jim PickerellPosted: 8/13/2010Read Full Article (2 Credits)1062 words
Many rights-managed and traditional royalty free production companies
are having trouble finding photographers willing to shoot for them. Many
of the photographers who were RM and traditional RF stars five to ten
years ago have given up shooting stock, or at the very least
dramatically cut the number of images they produce annually and the
amount they are willing to spend on models and production costs.
By Jim PickerellPosted: 8/9/2010Read Full Article (2 Credits)646 words
One of the things RM and traditional RF photographers tend to overlook
is average price-per-image-licensed. Photographers worry when their
images are licensed for low prices. They track their average
royalty-per-image-in-file and the trends of their monthly royalty check.
But is a lower royalty check the result of fewer images being licensed,
a lower average price-per-license or both?.
By Tom GrillPosted: 7/30/2010Read Full Article (1 Credit)979 words
Last November Tom Grill wrote on the subject of volume relative to
price and said this rather obvious formula is indicative of the reason behind the plight facing contributors to stock photo industry today as it transitions from a high-priced print usage system to a high-volume digital system of economics. Stated simply, it means that a stock photographer today needs to adapt image output to mass marketing at lower prices – something easier said than done. A stock shooter makes the same amount of return from making 50 sales at $200 apiece as making 200 sales at $50 apiece. This begs the question: Is this equation in marketing transition actually occurring? Like it or not,
the industry is changing dramatically, and the winners will be those who
can adapt to the new paradigm.
By Julia Dudnik SternPosted: 7/14/2010Read Full Article (1 Credit)329 words
Veer has relaunched its Web site,
billing the new treatment as uncomplicated. While Veer still carries traditionally priced stills, it is certainly
catering to the no-hassle customer segment with simplified licensing
and prices that span the gamut—starting at $1.
By Jim PickerellPosted: 7/14/2010Read Full Article (0 Credits)1112 words
Looking for some vacation reading material? Here are some suggestions.
If you want to know how successful stock photographers do it, here are
links to a series of interviews done over the last couple years. There
are lots of different strategies. Some of these photographers are among
the world’s most successful. Other’s like Todd Klassy and Holger Mette
are relatively new to the business, and have adopted unconventional
strategies that may be the wave of the future.
By Julia Dudnik SternPosted: 7/3/2010Read Full Article (1 Credit)297 words
On Thursday, July 1, Toronto-based Mastefile acquired Norwegian microstock Crestock. Both companies announced the deal late on Friday, without disclosing financial details.
By Julia Dudnik SternPosted: 6/29/2010Read Full Article (1 Credit)492 words
Barton recently took a look at the use of a microstock photo in Web
sites ranging from a German consulting firm to a keyword-spamming
plastic surgery domain. The photographer describes the photo as a
“perfect-people perfect-world lowest-common-denominator cookie-cutter
pile-them-high sell-them-cheap image” and asks: “Why would a reputable
company want to be associated with those words?” There are numerous answers, and most are so mind-bogglingly simple
as to make anyone wonder why stock-industry insiders are still having
this meaningless debate.
By Jim PickerellPosted: 6/25/2010Read Full Article (0 Credits)284 words
There are a number of stories on this site that will aid you in determining what to charge for a stock photo usage. Below is a list of story titles and the number of credits required to read the entire story. Click on the detailed description link and it will take you to a short description of what is included in the full story. Click on the Story link and it will take you directly to the story and deduct the appropriate number of credits from your account.
By Julia Dudnik SternPosted: 6/22/2010Read Full Article (1 Credit)397 words
As
buyer budgetary pressures and competition continue to drive prices
downward, stock image production companies and solo practitioners are increasingly
looking to maximize their earnings by cutting out the middleman.
By Julia Dudnik SternPosted: 6/21/2010Read Full Article (1 Credit)193 words
U.K. stock-image company Alamy
has announced a 24/7 news feed service in May. The
service launched in beta, with a full product release coming
later in the year.
By Jim PickerellPosted: 6/16/2010Read Full Article (2 Credits)1503 words
If you are in the stock imagery business and want to stay current with
worldwide industry trends the annual CEPIC Congress is a must event to
attend. Held every year in early June - this year in Dublin, Ireland at
the brand new Aviva Stadium - it was an opportunity to meet and greet
industry leaders and exchange ideas. Traditionally CEPIC has been an organization focused on the needs of
those who license rights to traditional customers, mostly larger
commercial organizations. This year one day was devoted to a New Media
Conference (microstock). This event was very well attended by
traditional sellers, many still wary of microstock and not ready to
embrace it fully, but also accepting that the $400 million a year
business is a major force in the industry and here to stay.
By Julia Dudnik SternPosted: 6/15/2010Read Full Article (1 Credit)301 words
Fotolia's three 2009 top sellers gathered around 10,000
downloads combined. While the photographers’ earnings are not overly
impressive, the images themselves offer an
interesting perspective into buyer needs.
By Jim PickerellPosted: 6/15/2010Read Full Article (0 Credits)1744 words
This story provides a list of useful articles that will provide the reader with a good background on the current state of the stock photography business and where it is headed.
By Jim PickerellPosted: 6/4/2010Read Full Article (2 Credits)1016 words
A few days ago we talked about oversupply of imagery, that that is not a problem if there is a huge and growing demand. Some people argue that because so many images are being used on the Internet there must also be a huge and unlimited future demand. We don't think so and this story will outline many of the reasons to believe that the demand for still, generic imagery is declining and why it will continue to decline. Even if you don't believe this to be true there are facts outlined in this story that you ought to consider.
By Jim PickerellPosted: 5/30/2010Read Full Article (0 Credits)352 words
If you license rights to your photos for textbook use then here are a few articles you should read.
By Julia Dudnik SternPosted: 5/21/2010Read Full Article (1 Credit)446 words
In a letter to its contributors, Corbis has disclosed it will be
seeking liquidation of the Sygma business entity in France. The company
acquired Sygma in 1999 and has had numerous well-publicized legal and
management issues with the former agency’s photographers, staff and
assets.
By Jim PickerellPosted: 5/19/2010Read Full Article (1 Credit)196 words
Alamy will no longer make financial information publicly available.
Since Getty Images went private, the U.K. company's quarterly numbers
have represented the only reliable sales data in the industry.
By Jim PickerellPosted: 5/13/2010Read Full Article (2 Credits)736 words
What is top-quality photography for a major advertising campaign worth?
Evidently, art buyers at Campbell-Ewald, one of the largest advertising
agencies in the U.S., think $2,500 for “all advertising” and “all
print” rights is fair and reasonable, as evidenced by a recent
negotiation for the use of one of Hans Halberstadt’s photos.
By Jim PickerellPosted: 5/12/2010Read Full Article (2 Credits)1699 words
Is it time to institute a system of floor prices for the use of
rights-managed images for editorial purposes? Is there any price so
low—$50, $30 or $20—that the image creator would prefer not to make the
sale? This article explores this issue and suggests a strategy that could benefit rights managed photographers and agencies alike.
By Jim PickerellPosted: 5/6/2010Read Full Article (0 Credits)812 words
This story provides links to a five part series of articles designed to help photographers understand the major trends impacting the industry in 2010 and help them plan for the future. We outline some of the issues to consider, new business models to explore and things to focus on in order to have a profitable business. Following the first five stories are links to some additional articles on the business of stock photography that may be of interest.
By Jim PickerellPosted: 5/6/2010Read Full Article (2 Credits)1020 words
As methods of supplying educational information to students change and
schools adopt more and more electronic tools and techniques,
photographers not only need to revise their image production strategies,
but also to examine the way they will charge for their services in the
future.
By Jim PickerellPosted: 5/5/2010Read Full Article (0 Credits)914 words
This story provides links to some of the stories on this site that may be of interest to someone new to the stock photography business, or someone who might to have a
brief refresher course on some of the things that have been happening in the
last few years. Many of these stories will also give you some idea of developing trends and what the
future might hold.
By Jim PickerellPosted: 5/5/2010Read Full Article (2 Credits)1589 words
In the next few years, there will be two major trends in the education
business: There will be less demand for books as a teaching resource.
Electronic “learning objects” will be used to a much greater degree in
classroom and online instruction. Photographers
who agree that these changes will occur, and who supply images to those
producing materials for educational use, should begin to restructure
their businesses and produce content that will be in demand by this new
educational delivery system.
By Jim PickerellPosted: 5/4/2010Read Full Article (2 Credits)603 words
Sometimes there is a silver lining when your stock agency gets acquired
or you get kicked out of the agency. For example, clients that
previously licensed Stock Connection imagery through Jupiterimages now
have to re-license them directly, because Getty Images has phased out
some content.
By John Martin LundPosted: 4/27/2010Read Full Article (3 Credits)6797 words
Jim Pickerell has a long history in stock photography as a stock shooter, an agency owner, and an industry analyst. In this wide-ranging interview he shares his experience and insight on the future of stock photography.
By Jim PickerellPosted: 4/13/2010Read Full Article (1 Credit)581 words
For those who think that the use of photography in book publishing and for educational purposes will remain
the same in this years ahead this story provides some numbers from the U.S. Census Bureau to consider. Significant changes can be expected in the near future.
By Jim PickerellPosted: 4/5/2010Read Full Article (2 Credits)586 words
The Obama administration, through the offices of the U.S. Intellectual Property Enforcement Coordinator (USIPEC), Victoria Espinel, has recently requested input from interested parties as to how piracy and copyright infringement is affecting the U.S. economy. A key issue is the degree of unauthorized use. Getty Images says they identify approximately 42,000 unauthorized uses a year and Corbis says they identify about 70,000. PicScout, whose Image Tracker line of business searches the web for unauthorized photo use, says that in 2009 more than 80% of the images they located on the web on commercial sites were either used without a license, or beyond the terms authorized by the license. In addition, there were many unauthorized print uses, but for the most part there is no good way to track that volume at this time.
By Jim PickerellPosted: 3/29/2010Read Full Article (2 Credits)815 words
One of the key things to understand about stock photography is why some
customers are willing to pay more than others to use an image. Most
photographers want to believe customers will pay more when the image is
of “better quality”, or more technically perfect. They want to believe
that when they increase production values, build better sets, use better
looking models, use people who look more “real” and when they generally
spend more to produce an image customers will pay more to use it. They
want to believe that if an image is shot from a helicopter, or if they
had to travel around the world to get it that it should command a higher
price. They want to charge more for niche subject matter.
By Jim PickerellPosted: 3/24/2010Read Full Article (2 Credits)1173 words
If stock photography as a profession is going to survive we’re going to have to find a way to develop a two-tier pricing system. One tier would be for commercial use of images and the other for personal and small use. Microstock sellers have proved in the last few years that there is a huge group of customers out there who use images for personal and very small business uses. They will pay something to use images, just not very much. The problem with microstock is not that they sell images to these customers, it is that they sell image files to large commercial users for the same low prices they charge those with small budgets.
By John Martin LundPosted: 3/20/2010Read Full Article (2 Credits)3048 words
Rick Becker-Leckrone, CEO of Blend Images, is interviewed about his background, the success of Blend Images, and the state of the stock photo industry.
By Jim PickerellPosted: 3/19/2010Read Full Article (2 Credits)1040 words
There is a persistent idea among many image creators that a photographer
somehow devalues his work if he ever licenses it for low prices. There
are several things to think about in this regard.To begin with, if you are going to license your work as right-managed
(RM) “based on use” and if you are going to allow a stock agency to
license your work then the images will always be licensed at multiple
different price points. And the stock agencies will not establish a floor
price below which they will not license your image for some small use. Read this story for more things to think about.
By Jim PickerellPosted: 3/18/2010Read Full Article (1 Credit)1394 words
After publishing my article on a Two-Tier Pricing System I’ve had a
series of discussions with several photographers. There seems to be some
general misunderstanding as to why I think such a system is in the best
interest of all photographers regardless of whether they currently
license their work as rights-managed (RM), traditional royalty-free (RF)
or Microstock. Two-Tiers is not just another pricing model. The
whole purpose is so all images can be made available to all customers
at appropriate prices depending on how the customer intends to use the
image.
By Paul MelcherPosted: 3/16/2010Read Full Article (2 Credits)614 words
Photography has a long way to go. Compared to other digitized creative forms, like music, it is light years behind. And, for once, that could be a good thing. Like the youngest brother of a family, it can learned from it’s elders. For once, it has not yet been touch at full impact by the whole free file sharing tsunami that hit music a while back. Certainly the dams are leaking and breaking, but we are no where near what the music industry has experienced.
By Jim PickerellPosted: 3/5/2010Read Full Article (2 Credits)539 words
Alamy salesfor the 2009 were $22,864,000, down 27% from 2008. Fourth quarter sales
were down less than 2% compared to the third quarter of 2009 and were
down 14% compared to the fourth quarter 2008. British pound and Euro
sales were up slightly compared to the third quarter of 2009, but U.S. dollar sales were down 12% compared to Q3 2009 and 22% compared to Q4 2008.
By Jim PickerellPosted: 2/28/2010Read Full Article (2 Credits)959 words
In response to “Stock Photo Lottery,” Bill Bachmann said: “I don’t know
where you get the idea that 1% of images are sold are RM. I think you
are pulling that figure out of a hat.”
This story provides a step by step process as to how I arrived at that figure.
By Jim PickerellPosted: 2/25/2010Read Full Article (2 Credits)1614 words
“RM, RF or Micro” received some interesting comments. Indeed, usage-based pricing is not going away; there will always be some demand for exclusive uses, for which customers will be willing to pay significant amounts of money. The question is how much and whether or not it is wise for most photographers to chase these customers. Stock photography is like a lottery. In the lottery, there are different games with different levels of risk. In games where you can earn the most for your investment, the odds against winning are huge. When the chances of earning something are better, the potential for big winnings is usually not that great. No matter which game you play, there is no guarantee you will earn more than you invest. A few players will hit the jackpot. Many of today’s photographers would have a better chance of profiting if they were to invest in lottery tickets rather than producing images for licensing as stock.
By Jim PickerellPosted: 2/20/2010Read Full Article (2 Credits)1998 words
I was recently asked: “If you were shooting stock (hey, maybe you are…), would you be shooting for rights-managed,
Personally, I think rights-managed licensing is on the way out. It would be nice if customers were willing to pay to use an image based on the value they receive, or to some degree on the cost of production. But that day seems to be passing. No matter what the subject matter, too many good alternatives are available at much lower prices. Why should customers pay more? Part of the theory behind rights-managed licensing is that customers need exclusive rights to certain images. Some do, but there are entirely too many similar images competing for those occasional exclusive sales.
By Ellen BoughnPosted: 2/17/2010Read Full Article (2 Credits)543 words
The photo discussed in this article is an almost perfect stock photo. It's not cutting edge; it's not trendy. It's not hip or cool. wshat it is is a photo that will license again and aagain for years....extending its revenue stream long after its production costs have been recouped. This is a photo with a very long tail.
By Jim PickerellPosted: 2/8/2010Read Full Article (2 Credits)820 words
In the near future the vast majority of professional photographers will
be unable to earn enough from producing stock images to offset their
cost of production. There have always been two major
problems for stock image producers. (1) Even in the best of
circumstances, the photographer has no idea how many customers will
want to use the image he/she plans to produce. And (2) the photographer
has no idea how many other photographers are simultaneously something
very similar, or something that would better fulfill the customer’s
need. If you have no idea of the revenue that might be generated from
sales how do you manage costs?
By Jim PickerellPosted: 2/8/2010Read Full Article (2 Credits)954 words
Getty photographer Carlos Sanchez Pereyra recently asked on LinkedIn what others thought was the “best way to sell Stock.” There is no question that Getty makes more gross sales than any other brand, but when royalties are divided among all the various photographers they represent (and we must consider all the photographers represented by the more than 100 third-party “image partner” brands that sell through the Getty site) Getty may not be the best place for most photographers. This article offers a few things to think about when trying to determine your best way to sell stock.
By John Martin LundPosted: 1/25/2010Read Full Article (2 Credits)3670 words
Photographer, Art Director and Editor Sarah Golonka shares with us her knowledge and tips on succeeding in stock photography.
By Jim PickerellPosted: 1/15/2010Read Full Article (2 Credits)1064 words
There are two ways to approach shooting for the stock photo market. The
first is to take pictures of whatever you like and hope that someone
will want to pay you money for the images you love. The more business
like approach is to try to determine what customers want and produce
that kind of imagery. One thing that is beneficial in this regard is that the subject
matter in demand has not changed. What customers wanted five, ten or
twenty years ago is still in demand today. Images need to be updated
and current, but in general subject needs remain the same and in
relatively the same proportions. In broad terms the images in greatest
demand are model released people in business and lifestyle situations,
but that statement is so non-specific as to be almost useless. It can
also be misleading when the subject matter being considered does not
include people because there is some demand for that also.
By Jim PickerellPosted: 1/5/2010Read Full Article (1 Credit)483 words
Photographs of many products and locations can not be used for any type
of commercial purpose without a release. Blanket releases for images of
these subjects are almost impossible to obtain. It is sometimes
possible to get a release for a very specific, clearly defined use, but
not for an undefined “stock use.” Therefore, if the stock
photographer’s goal is to license rights to the images he or she
produces the photographer may be better advised to avoid wasting time
photographing this subject matter. In some cases such images may be
used for editorial purposes.
By Jim PickerellPosted: 1/4/2010Read Full Article (1 Credit)562 words
Most professional photographers are adamantly opposed to the existence of Creative Commons’ licenses which allow free use of images rather than charging a fee for such uses. However, a widespread use of Creative Commons licenses may actually help establish in the minds of users the very important copyright law principle that "All Rights (are) Reserved” by the creator or copyright holder of any work, and that it is left to the creator to specify who has what rights to make what uses of the work and at what cost.
By Jim PickerellPosted: 12/30/2009Read Full Article (2 Credits)857 words
For much of the past decade textbook publishers have tended to license rights to print a minimum number of copies of the books they published and then proceeded to greatly exceed the authorized press run without informing the content creators. Only recently have photographers become aware of this problem which we discussed in previous articles: Declining Textbook Market For Photographers and Publishers Owe For Past Uses. This articles provides a list of federal court actions for infringement of copyright that have been initiated against the major publishers in the last few years and names the photographer plaintiffs and the publisher defendants.
By Jim PickerellPosted: 12/17/2009Read Full Article (2 Credits)921 words
Should a photographer license his work as royalty-free (RF) for a 20%
royalty or rights-managed (RM) for a 40% to 50% royalty? The answer
seems simple, but maybe not. In a previous article I pointed out that there is absolutely no justification for a
distributor paying only a royalty of only 20% when an images is
licensed as RF and 40% when it is licensed as RM. It doesn't cost the
distributor any more to license an image as RF than as RM. In fact, if
anything, because negotiating time is involved in making some RM sales
it may actually cost the distributor more to license rights to an RM
image than to an RF one. Thus, if we were basing the royalty share
solely on the relative contributions of the distributor and the creator
to the sale, the RF royalty should be higher, not lower, than the
royalty for RM.
By Jim PickerellPosted: 12/17/2009Read Full Article (1 Credit)741 words
In January2010, pacaSearch will roll out a major marketing campaign
to picture buyers to promote its new pacaSearch software. At a recent demonstration at PictureHouse in New
York, Lee Horton, Multimedia Editor of K12 Inc. said, “Learning about
the functionality and usefulness of [pacaSearch] put a big smile on my
face. As a photo editor and art buyer, I search multiple sites daily.
This tool puts more control in my hands. I can keep the results pages
in tabs with fewer keystrokes, page toggles and site crashes. The
relative percentages, predictive text and term definitions create a
tight, clean search environment. With the launch of pacaSearch, I can
successfully and accurately find imagery in less time, with less
hassle, while having more agency resources at my fingertips. Thank you,
PACA.”
By Jim PickerellPosted: 12/17/2009Read Full Article (2 Credits)962 words
On his blog “Thoughts of a Bohemian" Paul Melcher says
that Getty Images is now offering publishers “new low prices in exchange for
being the sole provider.” Assuming
that’s true, it could easily backfire on Getty, and may point to a need for
photographers to revise their marketing strategies.
By Jim PickerellPosted: 12/3/2009Read Full Article (2 Credits)2946 words
Travel photographer Bill Bachmann is an ardent advocate for basing stock image pricing on usage (the
rights-managed model), not on file size (the royalty-free and
microstock models). In 2009, Bachmann is on track to earn almost $1
million from licensing his travel and lifestyle images.
Over 80% of Bachmann’s income will come from more than 50 agencies
that represent his work around the world; the rest is from direct
sales. For most of the last 25 years, he has grossed over $1 million in
stock sales per year.
By Jim PickerellPosted: 12/2/2009Read Full Article (1 Credit)1278 words
Is Flickr a place for a professional photographer to display his work and sell images? Todd Klassy thinks so. Right now he is an amateur devoting maybe 3 hours a week to shooting and another 6 in post production and studying photography. After the first of the year he intends to quit his job of 17 years and start working full time as a photographer.
By Jim PickerellPosted: 10/8/2009Read Full Article (2 Credits)992 words
Jim Erickson breaks all the stock photography rules and yet is one of
the world’s most successful sellers of stock images. Pick any strategy
that everyone agrees is the key to success in stock, and Jim Erickson is
probably doing the opposite. He sells stock to clients rather than through agencies. Erickson never licenses rights to an image for less than $350, and the average license fee is about $1,800. He produces an annual print catalog and distributes it to only 20,000 top buyers. His gross revenue from stock sales in 2008 was over $2 million and he couples his stock business with an assignment business that grosses an additional $2 million. Read more about how he does it.
By Jim PickerellPosted: 9/9/2009Read Full Article (1 Credit)385 words
There appear to be a number of photographers who are “looking outward.” For most, that means doing something else other than producing stock pictures. There are other ways photographers might use photographic skills, and it certainly looks like stock has a steadily declining value in the eyes of the buyers. If stock is all an individual has to sell, it is beginning to look like that individual should expect to see steadily declining revenue going forward.
By Jim PickerellPosted: 9/9/2009Read Full Article (1 Credit)1664 words
In the previous story
we discussed four major trends in the stock photo industry and listed
eleven other related issues that photographers should consider
carefully as they try to determine the future prospects of their stock
photo business. Below I have discussed each one of these eleven in some
detail.
By Jim PickerellPosted: 9/9/2009Read Full Article (1 Credit)1911 words
A previous article in this “Business Planning for the Future” series
noted that future growth in demand for images is a widely debated
subject among stock industry professionals. In my view, traditional
customers do not seem to have any growth potential, and there are also
indications that growth in demand for low-priced imagery might have
reached its natural level. Industry veteran Leslie Hughes—formerly of
The Image Bank and Corbis, currently the principal of has offered an alternate point of view.
By Jim PickerellPosted: 9/8/2009Read Full Article (1 Credit)591 words
In most industries the manufacturer sets the price for his products
based on his manufacturing costs. Of course if he sets his price too
high consumers won't buy. Therefore, he certainly has to be sensitive
to consumer demand.
By Jim PickerellPosted: 8/20/2009Read Full Article (2 Credits)1429 words
In the last few years, the stock photo industry has experienced
significant consolidation. The chart below lists 34 existing companies
that have acquired a total of 197 agencies. In general, fewer large
companies are controlling the industry as middle-sized and small
companies disappear.
By Jim PickerellPosted: 6/10/2009Read Full Article (1 Credit)797 words
Traditional stock-photo sellers wonder why there does not seem to be any growth in demand for their product. The 2006 U.S. Census Bureau statistics of U.S. businesses could provide some clues.
By Jim PickerellPosted: 5/29/2009Read Full Article (2 Credits)1000 words
Traditional photographers argue that Premium Access volumes will never make up the difference for low prices. Despite that argument Getty is licensing more and more of their images at Premium Access prices. The royalties paid for these sales are often lower than those paid by microstock companies and Getty volumes don't seem to be making up the difference.
By Jim PickerellPosted: 5/26/2009Read Full Article (2 Credits)549 words
Recently I was trying to explain the stock photo business to an investment
analyst and making the point that there comes a time when a
photographer can no longer afford to produce stock images because his
costs are greater than his income. The analyst was under the impression that a “stock
photo” was one that had been produced, and paid for, while the
photographer was on assignment for someone else. Thus the image was
“expense free” to the creator. And, in theory, the only “additional
costs” the photographer might have to make the image available for
secondary licensing would be the cost of packing it up for shipping it
to his stock agency.
By Jim PickerellPosted: 5/26/2009Read Full Article (2 Credits)1911 words
As the stock industry changes, traditional stock agencies and distributors are losing ground because they have failed to adopt new technological efficiencies. Granted, constantly keeping up with the latest technological changes can be expensive, and most agencies have already invested huge amounts to get where they are today. But, microstock sellers have introduced a number of strategies that traditional agencies and distributors should be considering – if not rushing to adopt.
By Jim PickerellPosted: 5/15/2009Read Full Article (2 Credits)543 words
How long will it take before traditional prices drop to microstock levels? If Alamy's sales are any indication microstock sellers may not be cannibalizing traditional sales in terms of number of units licensed but they certainly are cannibalizing revenue as traditional sellers fight to compete.
By Jim PickerellPosted: 3/28/2009Read Full Article (1 Credit)4760 words
In 2006 I examined many of the factors that are impacting on stock photo market and leading to price declines. There were also a number of factors leading to declining sales volumes to traditional customers. These include the general demand for printed products, the tendency to use images multiple times but only pay once, trends in book publishing, postage costs, crowdsourcing of images and various types of guerrilla advertising. Since that time the situation has become worse.
By Jim PickerellPosted: 1/2/2009Read Full Article (2 Credits)818 words
There are countless stories about what best selling stock photographers earn, but more germane might be the earnings of photographers a little farther down the food chain. Several recent conversations have led me to consider the likely earnings of the 50 most successful contributors to Getty’s Creative collections (rights managed and royalty free) and compare those figures with iStockphoto’s 50 most successful photographers giving particular attention to the probable earnings of the 50th photographer on the list.
By Jim PickerellPosted: 12/22/2008Read Full Article (2 Credits)1419 words
Companies that previously specialized in royalty-free licensing are now asking photographers to offer their new production as rights-managed content. Photographers are questioning whether or not this is a wise idea. Photographers worry that customers will not go to RF companies to buy RM–and if they do, they may not be willing to pay RM prices.
By Jim PickerellPosted: 12/22/2008Read Full Article (1 Credit)1460 words
Does Microstock hurt Top pros or not. Here's some comments from microstock shooters and from the pros.
By Jim PickerellPosted: 12/1/2008Read Full Article (2 Credits)629 words
Stock photographers are constantly concerned with what to shoot. Everyone knows that people pictures tend to sell in greater volume than non-people pictures, but people doing what? Which concepts are in greatest demand? Information most helpful to answering such questions comes from microstock sites—not from companies licensing at traditional prices—and is freely available to everyone.
By Jim PickerellPosted: 11/26/2008Read Full Article (2 Credits)443 words
The following are concept words that customers often use to find images. When keywording an image add as many concepts as are appropriate to the keyword list. If after searching the concept list you cannot find any words that that fit your image there is a good chance your images will not be a frequent seller. When planning shoots try to take pictures that will illustrate some of these concepts.
By Jim PickerellPosted: 10/16/2008Read Full Article (2 Credits)2916 words
This story provides information on 2007 photographer income. The survey was conducted the summer of 2008. We received responses from 238 photographers from around the world. Gross income reported was $33,741,722, and 60% ($20,284,081) came from stock sales.
By Jim PickerellPosted: 9/9/2008Read Full Article (1 Credit)1214 words
This article defines the six most common methods for licensing stock images. They are: RM, RR, MRR, RF, Subscription and Microstock.
By Jim PickerellPosted: 9/9/2008Read Full Article (1 Credit)1491 words
Photographers regularly ask why the royalty paid on RF sales is only 20% of the net received by their agent when the agent pays 40% to 65% on RM sales that are made in the same manner. It doesn’t seem fair?
By Jim PickerellPosted: 9/9/2008Read Full Article (2 Credits)1595 words
Increasingly RM and traditional RF photographers complain about declining incomes and the difficulty in getting information from the companies that represent their work. Traditional distributors might do well to adopt a number of idea, initially instituted and popularized by microstock, that have led to improved relationships between photographers and distributors.
By Jim PickerellPosted: 9/8/2008Read Full Article (1 Credit)407 words
Whenever you get a request for a buyout of an images the first thing to do is clarify what the clients means by “buyout”. More often than not, when the client uses gthe term “buyout” their definition is very different from the photographer's.
By Jim PickerellPosted: 9/6/2008Read Full Article (2 Credits)2350 words
Pricing rights-managed web uses has become very difficult in the last few years due to the availability of microstock at extremely low prices. Currently, web uses represent a far bigger share of the market than print uses and the proportional web share seems likely to continue to grow as the print declines.
By Jim PickerellPosted: 9/6/2008Read Full Article (1 Credit)2022 words
Newspaper advertising rates are based on how broadly the ad is used, not whether the publication is characterized as National, Regional or Local. National publications tend to be toward smaller circulations. Based on this theory, ads in National publications will tend to be priced higher than those in Regional or Trade publications. This story provides suggested prices.
By Jim PickerellPosted: 9/6/2008Read Full Article (1 Credit)380 words
This story provides a schedule that is useful when establishing a price for editorial usage. Prices should be based on the size of usage on the page and the circulation of the publication.
By Jim PickerellPosted: 9/5/2008Read Full Article (1 Credit)347 words
Magazines and newspapers published by a
corporation, institution or fraternal organization are know as house organs. When house organ
distributed to member of an organization other than employees they are considered external, as the
members are essentially their customers. The term "Internal House Organ" is used to refer to those publications that are distributed to employees only. It is
important to clarify who the audience is in order to set the price. This story provides charts with prices based on the size of usage and the circulation.
By Jim PickerellPosted: 9/5/2008Read Full Article (1 Credit)304 words
This article provides information on how to price stock photo usages for corporate annual and quarterly reports.
By Jim PickerellPosted: 9/3/2008Read Full Article (1 Credit)390 words
This article provides information on how to price stock photo usages for all types of brochures, catalogs, direct mail pieces, single sheet flyers and promo cards.
By Jim PickerellPosted: 9/2/2008Read Full Article (1 Credit)2225 words
This article provides information on how to price stock photo usages for advertising in National, Regional or Local magazines.
By Jim PickerellPosted: 9/2/2008Read Full Article (1 Credit)3177 words
The business of licensing rights for textbook and educational use has been changing dramatically in the last year or so. Photographers and distributors need to make some major adjustments in the ways they calculate prices for uses compared to what they were doing a few years ago. This article outlines some new pricing strategies and explores some of the options. Those who continue to use the old strategies are leaving huge amounts of money on the table.
By Jim PickerellPosted: 8/26/2008Read Full Article (1 Credit)275 words
In 2007 I proposed a pricing strategy that combines the rights managed
theory of pricing based on usage and the simplicity of microstock and
its ability to license rights for very small uses for fees of a few
dollars. The system is described in a 12 page booklet. I call the
strategy Modified Right Ready.
By Jim PickerellPosted: 8/21/2008Read Full Article (2 Credits)707 words
The rationale for royalty-free licensing used to be to provide the customer with three benefits: a simple, straightforward price that didn’t require negotiation, unlimited use of the purchased image and a low cost. As this marketing concept has matured, all of these ideas have been lost.
By Jim PickerellPosted: 8/19/2008Read Full Article (2 Credits)498 words
RF prices vary widely depending on the brand. The following are some of the prices charged for usage by various brands on Getty's site.
By Jim PickerellPosted: 8/15/2008Read Full Article (2 Credits)436 words
Selling-Stock has launched a photographer survey designed to provide useful data for all those who license rights to their images.
By Jim PickerellPosted: 6/30/2008Read Full Article (2 Credits)705 words
One of the biggest hurdles traditional RF and Microstock sellers face when confronted with the idea of switching from an RF pricing structure to a use-based one is how to explain such a switch to customers who’ve been told one price fits all and not to worry about usage.
By Jim PickerellPosted: 4/17/2008Read Full Article (2 Credits)626 words
Traditional stock photography sellers constantly struggle to improve their collections and search. Diverse collections are added to the offering to increase customer choice. Then portals revert to tighter editing, limiting the number of images returned on each search. When portals use this strategy, the rejected images often turn up on other portals and customers often buy the rejected images.
By Jim PickerellPosted: 3/19/2004Read Full Article (1 Credit)3130 words
Corbis is probably doing more than any other stock photo seller to track
infringements, and collect from those who infringe. Dave Green, Corbis
Senior Corporate Counsel, explains how they do it and the benefits, not
only in additional revenue, but in educating customers.