IS should reconsider now

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tirc83
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsExclusive
Posted Fri Dec 17, 2010 3:55AM

With the Christmas/New Year week shutdown looming, surely now is the time for Istock to reconsider (as stated they would) and publish, revised RC boundaries for next year's commission rates.


KKT wrote that 50% of sales occur between Sept and Dec but I'd like to know how many actually achieved that. At the time it seemed an unrealistic figure but even moreso now given the constant site tinkering (read improvements if you prefer) that have led to outages/files unavailable and as a result lost sales - which could not have been foreseen at the time of the original announcement.
matthewleesdixon
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a contributor and has less than 250 Illustration downloads
Posted Fri Dec 17, 2010 4:04AM

It is a mystery where the 50% of sales between Sept and Dec come from? Maybe as an average across the entire library, I haven't heard a single contributor verify this statistic.
Gannet77
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsExclusive
Posted Fri Dec 17, 2010 4:30AM
Well, I'm such a sad person that I actually keep a log of daily sales as reported by the multimedia.de site, and according to those figures total downloads during Sep-Dec, so far, have been 49.6% of the total downloads for 2010...


Obviously the figures are approximate because of the fuzz factor, and not all contributors may be represented, but 30,000 is a pretty representative sample I would think.


Based on that, KKT would appear to be quite correct in his estimate.




On the other hand, I certainly don't make 50% of my sales during Sep-Dec; but apparently some people do.

(Edited on 2010-12-17 04:32:59 by Gannet77)
stockwerk
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsExclusive
Posted Fri Dec 17, 2010 4:38AM
/
/I have not been on istock for very long and my portfolio and down load numbers are still quite small. But for the sake of statistics and objectivity I have had 49 downloads this year. 27 of them in the timeframe Sep-Dec. 27 out of 49 is 55%.

Because a growing portfolio is back-weighted, I also evaluated the statistic for the subset of files that were already in my portfolio on the 1st of January 2010. Then the result is 16 out of 33 downloads which is very close to 50%.

(Edited on 2010-12-17 04:47:32 by stockwerk)
ilbusca
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a contributor and has less than 125 Audio downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveExclusive iStockphoto VideographerExclusive iStockphoto Audio Artist
Posted Fri Dec 17, 2010 4:51AM
Posted By Gannet77:
Well, I'm such a sad person that I actually keep a log of daily sales as reported by the multimedia.de site, and according to those figures total downloads during Sep-Dec, so far, have been 49.6% of the total downloads for 2010...

Those are overestimated because on istockcharts if a contributor is in the 140000+ range with 149999 downloads on the 1st of January and has 2 downloads in the year so that the next december he has 150001 downloads he goes in the 150000+ range and they count 10000 downloads instead of 2.
Gannet77
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsExclusive
Posted Fri Dec 17, 2010 5:04AM
Posted By ilbusca:

Posted By Gannet77:
Well, I'm such a sad person that I actually keep a log of daily sales as reported by the multimedia.de site, and according to those figures total downloads during Sep-Dec, so far, have been 49.6% of the total downloads for 2010...


Those are overestimated because on istockcharts if a contributor is in the 140000+ range with 149999 downloads on the 1st of January and has 2 downloads in the year so that the next december he has 150001 downloads he goes in the 150000+ range and they count 10000 downloads instead of 2.

True, but then if he had 140001 DLs in January and 149999 next December it would count as zero DLs;  it's an approximation, but you can't say it's an overestimate.
AdShooter
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsExclusive
Posted Fri Dec 17, 2010 5:22AM
IS could should great will towards the contributers by announcing the revisions now. The announcement on the new editorial content was a good thing but it doesn't cost IS a penny. It actually makes more profits for them off of our artistic efforts. All I'm asking is that IS follow through on their promise before the new year begins. I, along with many others will be losing at least 5% when IStock is at all time high revenue levels. I'm 51,000 RC's shy of the new mark. I'm certain I won't make the next tier this year even with revisions but at least give me some kind of hope that I can make it some year... bah humbug!


So many contributors have been pissed off and the loss of good will and community spirit has gone away. Why would any company do these kind of changes to their only source of product???

(Edited on 2010-12-17 05:33:45 by AdShooter)
marcoventuriniautieri
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsExclusive
Posted Fri Dec 17, 2010 6:01AM

Personally I do not match the forecast:


2010


I am glad of editorial thing though. I am optimist about it. I hope that besides a new series of editorial-only pics, it will also make the already existing pictures more visible to people looking for editorial images. Personally I like to think of most of my pictures as better suited to editorial than commercial purposes.


Ciao,


Marco
tirc83
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsExclusive
Posted Fri Dec 17, 2010 8:22AM

Just to clarify the point I was trying to make.


1. The RC boundaries were set so that only z% would get the top commission, and y% would get the next from top, and x% the next tier down, etc


2. These cutoffs were based on the average stocker selling 50% in the last 3 months.


3. If that hasn't happened, not only will IS make their revised profit targets - but a lot more beside.


4. Waiting until the New Year to sort this out is going to lead more problems like the EL underpayment where people are going to be paid the wrong commission from 1st Jan until the figures are rejigged sometime later.
stevenallan
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Illustration downloadsExclusive
Posted Fri Dec 17, 2010 8:34AM
I agree I am going to be dropped two levels (just missing the next level by one or two thousand) from 40% to 30%, that means a 25% reduction on my income. And just like the huge majority of people (I suspect) I didn't make 50% in the last 3 months.
PictureLake
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a Bronze contributor and has 250 - 1,249 Video downloadsExclusive
Posted Fri Dec 17, 2010 8:40AM

I think most contributors do not do 50% of their yearly sales in the last 4 months (I know I don't). However, there are some with Holiday heavy portfolios that probably do much more than 50% of their sales then, which might account for the site as a whole accomplishing that (if, indeed, it happened).

As someone who turned exclusive mid-year based on the cannister grandfathering, you can bet I am feeling royally screwed. I will be a bit shy of my current commission level, so will be getting a 17% commission cut in 2 weeks. That is not what I signed up for.


ETA: I've earned more than the needed RCs in combined photo & video sales, but we all know that doesn't count, either.

(Edited on 2010-12-17 08:42:08 by PictureLake)
IsaacLKoval
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a Bronze contributor and has 250 - 1,249 Video downloadsExclusive
Posted Fri Dec 17, 2010 10:21AM
Posted By matthewleesdixon:

It is a mystery where the 50% of sales between Sept and Dec come from? Maybe as an average across the entire library, I haven't heard a single contributor verify this statistic.


I guess I am one of the lucky ones then as I have so far gotten 55% of my sales between September and December and have made it to the next royalty level.


I'm not much looking forward to the 2012 RC levels announcement as I imagine it will be much higher.
adamkaz
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a Bronze contributor and has 250 - 1,249 Video downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto Videographer
Posted Fri Dec 17, 2010 10:37AM
I just can't get over how wide the difference from 40k to 150k is. I've more than tripled the requirement for 35%, but am not even close to maintaining my 40%.
asiseeit
Member is a Black Diamond contributor and has more than 200,000 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveExclusive iStockphoto Videographer
Posted Fri Dec 17, 2010 10:42AM

It looks like I'll have about 43% of my total in Q4. My guess is those with a lot of Christmas images will be in the 50%+ range.
toddmedia
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a Gold contributor and has 5,000 - 12,499 Video downloadsMember is a contributor and has less than 125 Audio downloadsExclusiveExclusive iStockphoto Videographer
Posted Fri Dec 17, 2010 11:01AM

Posted By tirc83:

KKT wrote that 50% of sales occur between Sept and Dec



Was he speaking of DLs or royalties. There is a difference(?)
asiseeit
Member is a Black Diamond contributor and has more than 200,000 Photo downloadsMember is a contributor and has less than 250 Video downloadsMember is a contributor and has less than 250 Illustration downloadsExclusiveExclusive iStockphoto Videographer
Posted Fri Dec 17, 2010 11:07AM
I think he's talking about $, which generally speaking should be the same as RC percentage-wise.
pick-uppath
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsMember is a Silver contributor and has 2,500 - 9,999 Illustration downloads
Posted Fri Dec 17, 2010 11:34AM

I'm pretty sure that holiday slow down is already upon us, I've only made 24 bucks in two days. And I myself i'm checking out today along with all the other designers for the holidays.


So please if there is any reconsidering the RC percentages let the news out now!
cosmonaut
Member is a Diamond contributor and has 25,000 - 199,999 Photo downloadsMember is a contributor and has less than 250 Illustration downloadsExclusive iStockphoto Illustrator
Posted Fri Dec 17, 2010 11:48AM
The ship has sailed. We'll see what happens in 2011.
slobo
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Posted Fri Dec 17, 2010 12:34PM
Posted By Gannet77:
Well, I'm such a sad person that I actually keep a log of daily sales as reported by the multimedia.de site, and according to those figures total downloads during Sep-Dec, so far, have been 49.6% of the total downloads for 2010...



There are several contributors that specialized in Halloween, Thanksgiving and Christmas themes. Some are selling over 1,000 images a day during this time. So, applying averages...


What the rest of us should learn from this is that we need to flood collection with those type of images if we want to stay in game.
sjlocke
Member is a Black Diamond contributor and has more than 200,000 Photo downloadsMember is a Gold contributor and has 5,000 - 12,499 Video downloadsMember is a Bronze contributor and has 125 - 1,249 Audio downloadsMember is a Silver contributor and has 2,500 - 9,999 Illustration downloadsExclusiveExclusive iStockphoto IllustratorExclusive iStockphoto Videographer
Posted Fri Dec 17, 2010 12:48PM

Posted By slobo:
There are several contributors that specialized in Halloween, Thanksgiving and Christmas themes. Some are selling over 1,000 images a day during this time. So, applying averages...

What the rest of us should learn from this is that we need to flood collection with those type of images if we want to stay in game.


I don't know about that. I've got a pretty robust Holiday selection, and I've never gotten close to 1,000 a day.
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