Microstock: strategic changes

DCIM100MEDIADJI_0233.JPG by COPYRIGHT LUISA FUMI.

Shutterstock never was my main microstock source of income, but they gave a decisive push to this bizarre new situation where stock images sold for free or nearly (a few cents) cover the best part of the market.
In this new age microstock is no more a gratifying source of revenue. What to do?

Alright, set aside the dreams, forget earning more, let’s just contain the collapse.

A quick analysis of my situation showed that the my ‘best’ agencies were – in that order – Adobe, Alamy, Istock and Shutterstock. Other minor agencies (Dreamstime, Pond5 etc.) were almost negligible as they provided just very occasional income.

In the light of that I changed my strategy, which proved to be a fortunate move: in some way I thus managed not only to contain the dreary “Shutterstock-effect” but also to stay stable at the previous level.
What did I do, exactly?
Chronologically:

  1. Diversify the offer:
    I didn’t want to compete with myself anymore. My new goal was to offer my best images only to my best vendors to avoid selling them ludicrously cheap.
    I drastically chopped the images with the best selling potential off the small agencies. Not an easy job, there was a lot of them, but it worked out fine.
    Yet I keep uploading regularly a few generic images (food, landscapes, animals, nature…) to Dreamstime and Canstock, my best choice among the smaller ones, as they still pay $ rather than cents.
  2. I clenched my teeth and closed my Istock account (where for a pretty long time I haven’t being uploading anyway), even though they provided a regular pretty good income. A matter of dignity, actually: most of the images there were given away even cheaper than at Shutterstock (!), though not many of us screamed about that…
  3. I left only a few hundreds really ugly images on my Shutterstock account, deleting one by one all the others with evil satisfaction. The best of the uglies is this, utterly topical at lockdown times 😀
    Three rolls of soft white toilet paper on a wicker basket by luisa fumi.
    Three rolls of soft white toilet paper on a wicker basket
    Nevertheless every now and then something gets sold even there: since last summer I made almost 3 dollars! (I’m considering buying a Rolls… 😀 )

As a result quite unsurprisingly the minor agencies are selling much less for me but my sales at Alamy and Adobe jumped nicely up thus compensating the burial of my Istock account and the loss of my huge (LOL) Shutterstock income.

In this way I’m not earning much more than before, but changing my tactics produced a very nice side effect: I feel now really better 🙂

However this is just an intermediate step: I’m still looking for further opportunities that comply better with the new rules of the game. They are there, they always are, it’s just a matter of finding them.
And let see what makes Adobe now, the news are a bit uncomfortable … the game is changing again, but okay I can play 🙂

Microstock Armageddon?

luisa-photogr2-1000 by .

Find you niche(s)!

I fear that Shutterstock has given the final blow to the microstock photos market with their unilateral action, by reducing drastically the contributors royalties to 10 cents/picture – promising more for big amounts of uploads and sales, but resetting the contributor at the beginning of each year – that is, forcing her/him to start from scratch @10 cents/sale, and thus humiliating legions of outraged submitters.
And I also fear that this deliberate act is actually a farsighted move: the SS people must have realized that the time was ripe to grab as much as possible before going out of business.
Just look around: the websites offering high res images for free are rapidly growing and some of their pictures are really beautiful, also considering that today’s smartphones are growing better endowed than most photographers.

What to do now?
I’m thinking of two possibilities:

1. Business is business: to upload all of one’s images on all agencies that sell (if just a little) in exchange for a decent (if just a little) royalty, and to hope for the best.
Alas, there is a heavy drawback about it, tough: a couple of years ago I withdrew almost all my images belonging to a particular well-selling niche from the less profitable agencies. As it happens, it proved to be a blatantly fortunate manoeuver: my sales at Alamy and Adobe more than doubled immediately. And they keep growing.
This way I understood that I was my own cheap competitor. When 123RF contacted me on behalf of a customer about a deleted image of mine, I told them that I was really sorry and explained candidly my problem. Quite surprisingly they accepted my point of view and respected it.

2. To accept the change without moaning and make plans. To leave and to upload your images on the trustworthiest agencies, but to keep aside the best ones and find other more profitable ways to sell them.

Still I think that the idea of a personal stock agency is worth a thought or three anyway – no matter if self-hosted or not: there are several alternatives on the market and at least two of them are very affordable (I’ll tell about them in a next post).
It could turn into a precious show-window for the images you like too much to give them away cheap.

At this point it wouldn’t surprised me to witness a revival of many curated niches over the mass cauldron.
Since many years I’m not only a contributor, but on behalf of my web customers also a microstock buyer, and as such I’m perfectly aware that my behaviour doesn’t deviate much from the vast majority of buyers, who statistically give up after the second page the local search engines produce.
And what with the tenths of millions of images stored by the agencies? Dead, almost completely dead.

Nowadays selling microstock is like winning a prize at a cheap lottery called “search engines”: partially random, partially influenced by hidden rules and only marginally based on the actual, hard-labored keywording.

What’s the point of such zillions of dead images, when just a few thousands of high-quality pictures, if well presented and properly selected, could make a really huge difference?

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