The first of June,
The Shutterstock’s treason and plot;
I know of no reason
Why the Shutterstock’s treason
Should ever be forgot!
The whole microstock world is talking about it: since June 1st 2020 the Shutterstock royalty system has changed.
For better or worse? Obviously for worse, and (surprise, surprise) the news were broken just a few days before.
In a nutshell: if until the end of May 2020 my basic income was 36 cents/download, now Shuttestock has decreed that 10 cents/download must be enough.
Sure, in case of special sales I might still get something more – but anyway less than half as before.
No problem though, thanks to Shutterstock’s magnanimity I can still yearn for better earnings provided that I have a lot of images and they sell quickly and easily: the more I sell, the (little) more I get.
But there is a small catch: such a privileged “top seller” status is reset at the end of every year, and on every January 1st I’ll have to restart from scratch. Isn’t that great?
Well, it might be due to the COVID-19, and Shutterstoch must face some heavy financial loss…
Nope: according to information gathered around they seem to be in full bloom, no debts, several millions $ cash, premises on the Empire State Building… pity those poor devils!
No, alas, apparently it’s just good old greed.
The new Shutterstock royalty system punishes mostly the small contributors, those with few thousands of images to sell and those that count on Shutterstock’s monthly payments for their survival.
Not a very nice surprise indeed.
As a matter of fact $ 0.10 per download is a slap in your face: just think that you plan or stage your shoot, inspect your pictures at 100% size to detect any possible flaw, process them with Photoshop or whatever, swear on the keywording (an obnoxiously boring job, as you know) paying great care to put in front the most significant keywords and highlight the 10 most meaningful ones to comply with the agencies idiosyncrasies… a hell of a work.
Try offering 10 cents to a cleaning lady and see how much you get cleaned in return.
Someone doesn’t know that in this bizarre market the royalty for the same image can range from a few cents to over $100, depending on the agency policy and the buyer’s options.
No seldom occurrence, it happens quite often.
Then you may rightfully wonder if cashing those 10 cents will make you lose a way bigger earning somewhere else, and bite your own fingers. Do you really want to be your own cheap competition?
Like this you start deleting an image that might sell better elsewhere… then all the others with some sales potential, and eventually leave on Shutterstock only the oldest ones, uploaded when you had little experience in post-processing… you can tell now that they were a bit ugly… okay Shutterstock, you may try to sell them for the glory of 10 cents 😀
And to complete the job you remove from your blog, your website, etc. the links to your Shutterstock portfolio.
Then you can breathe again!