Another price rise?

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mammamaart
Member is a Black Diamond contributor and has more than 200,000 Photo downloadsMember is a contributor and has less than 250 Illustration downloadsExclusive
Posted Thu Jan 31, 2013 7:14AM
still: his choice. guess he gets enough... if not, he is as 'dumb' or 'unsophistcated' as the rest of us.
koi88
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsMember is a Bronze contributor and has 250 - 1,249 Video downloads
Posted Thu Jan 31, 2013 7:21AM
Posted By Lobo:
I recall back in the day when we discussed price increases. It always seemed that the contributors would want to thank us but the buyer/contributors or the buyers in general would be against it. I reckon we had enough of how all that divided the community and chose to stop.

We aren't going to provide any logic to the changes as it wouldn't seem logical to enough people for it to be a discussion worth having. So we would just be providing an additional issue for people to troll.

Sorry, I understand some people are under the impression that having files here means they can dictate the pricing or that they SHOULD be able to. We have been making changes to the prices over the year for a number of different reasons . All of those reasons are based in logic that comes from data and the like.

I was one of the people pulling their hair out wondering if iStock was actually trying to kill me due to the inevitable firestorms in forums. I've found that there are people smarter than me working on that part of the business so I've been much more relaxed about it.


I appreciate your patience in the forums. It is a difficult job you have.


And I agree that these price changes may be good for business. Or may be not – I simply have no idea. It's just that people here would have liked a little announcement or at least a notice: "Hey guys, our research of consumer behaviour (or a recently performed hieroscopy on a few contributors or whatever) indicates that a we may increase our prices a little. So we do it. More money for all."


 
Lobo
Posted Thu Jan 31, 2013 7:22AM

Posted By mammamaart:
still: his choice. guess he gets enough... if not, he is as 'dumb' or 'unsophistcated' as the rest of us.

Get ready for the Obvious Express - ALL ABOARD: You have the same choice. lol.
Lobo
Posted Thu Jan 31, 2013 7:25AM

Posted By koi88:
Posted By Lobo:
I recall back in the day when we discussed price increases. It always seemed that the contributors would want to thank us but the buyer/contributors or the buyers in general would be against it. I reckon we had enough of how all that divided the community and chose to stop.

We aren't going to provide any logic to the changes as it wouldn't seem logical to enough people for it to be a discussion worth having. So we would just be providing an additional issue for people to troll.

Sorry, I understand some people are under the impression that having files here means they can dictate the pricing or that they SHOULD be able to. We have been making changes to the prices over the year for a number of different reasons . All of those reasons are based in logic that comes from data and the like.

I was one of the people pulling their hair out wondering if iStock was actually trying to kill me due to the inevitable firestorms in forums. I've found that there are people smarter than me working on that part of the business so I've been much more relaxed about it.


I appreciate your patience in the forums. It is a difficult job you have.


And I agree that these price changes may be good for business. Or may be not – I simply have no idea. It's just that people here would have liked a little announcement or at least a notice: "Hey guys, our research of consumer behaviour (or a recently performed hieroscopy on a few contributors or whatever) indicates that a we may increase our prices a little. So we do it. More money for all."


 

I'm going to run this by a few folks. I'm not going to promise we will be able to accommodate it but it can't hurt to revisit the concept. Now would probably be the best time.
TadejZupancic
Member is a Black Diamond contributor and has more than 200,000 Photo downloadsExclusive
Posted Thu Jan 31, 2013 7:32AM
I know we can't affect the prices, but when the change is made, I think we would deserve at least a notice on the forum with the old and new prices. Prices are something that directly affects our royalties. If you have paper, rock, scissors competition, that is not an important information for us, but I don't care if it's shared. Lack of information hurts, too much information usually doesn't.
Box5
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsExclusive
Posted Thu Jan 31, 2013 7:46AM

My gym has had a big sign up for the last 6 weeks saying, "Attention Members: Prices will be increasing on January 31. Renew before January 31 to lock in your current rate." Obviously the gym is warning of the impending price increase to encourage members and prospective members to make their purchases sooner rather than later.


I'd like to see iStock employ this strategy. Announce price increases a few weeks before they occur which would give buyers an incentive to make their purchases sooner. Anything to motivate buying would be a good thing. I'd happily trade some of my potential sales from March 2013 for actual sales in February of 2013.
sonny2962
Member is a Bronze contributor and has 250 - 2,499 Photo downloads
Posted Thu Jan 31, 2013 7:58AM
In all honesty - I suppose we complain that prices are too low for all the hard work we put into an image - and we complain if the price is higher. Who can win with that approach?
DeniseBush
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsExclusive
Posted Thu Jan 31, 2013 8:13AM
In a time when it seems our buyers are leaving us for more affordable options I have to agree with those that think raising prices is a bad decision.
sonny2962
Member is a Bronze contributor and has 250 - 2,499 Photo downloads
Posted Thu Jan 31, 2013 8:20AM
Posted By DeniseBush:
In a time when it seems our buyers are leaving us for more affordable options I have to agree with those that think raising prices is a bad decision.

Unless we are exclusive - we can have images at the "more affordable options" or choose not too.
Berc
Member is a Silver contributor and has 2,500 - 9,999 Photo downloads
Posted Thu Jan 31, 2013 9:35AM
Great move, I support it, P+ was way too cheap. After all, it's what we, contributors, consider as our best images. You can always put your images back in the regular collection.
cobalt
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Posted Thu Jan 31, 2013 12:54PM
For those asking why the higher prices don´t worry me so much.


First: if you want to raise, then January is the time to do it.


Second: we don´t see what kind of marketing is going along with the raise. It is possible they are moving towards "list prices" like Getty has.


So at the same time of the increase there might be a big advertising campaign, maybe even just to large corprorate customers with huge discounts. And then we wouldn´t see that.


That said, i think it is perfectly normal to discuss the prices of our own products here in the forum. If not here, where then? 


The istock community has a strong entrepreneurial flavor. Discussing prices and all things money is the most obvious subject to talk about.

(Edited on 2013-01-31 12:57:21 by cobalt)
Susan_Stewart
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Posted Thu Jan 31, 2013 1:53PM
I think getty/istock would do well to remember when communicating with suppliers to understand that this isn't quite like any other market, and istock was always a different style of company to others in that market.

For a start the istock business started out on much more cooperative basis so the company culture was very different about communication and decision making. This clash of corporate cultures is clearly something that Getty has had difficulty in recognizing, so that the transition from a small crowd sourced cooperative venture to a large corporate has been much more difficult to handle for all concerned than was really necessary. Clearly changes are necessary -a small business with a few people is going to communicate and decision make in very different ways to a large one, on everything from payment to pricing. But the transitions that were necessary could have been handled in ways that left contributors a lot less angry, and kept the community feeling better (in my view).

Secondly, many image makers have a much bigger emotional investment in their product than say producers of cabbages. Technical skills, industry knowledge and artistic imagination combine in a powerful way to produce good selling stock images, and as a result, contributors tend to care very deeply about what happens as far as treatment, post sales usage, and as in this case, pricing of their images.

And poor information about pricing from a purchasor's point of view is a hot marketing issue. Everyone from telcos to Internet providers to power utilities tries to make their pricing as non transparent as possible, withmultiple pricing for similar products and poorly announced price changes - a technique that is designed to make price comparisons as hard as possible to try to avoid shopping around. Consumers universally hate these pricing strategies, but in markets where there are large costs of switching suppliers it can work. I'm not sure that image sales is a good type of market to work this sort of strategy.

(Edited on 2013-01-31 13:53:43 by Susan_Stewart)
funky-data
Member is a Silver contributor and has 2,500 - 9,999 Photo downloadsMember is a Bronze contributor and has 250 - 1,249 Video downloadsExclusiveExclusive iStockphoto Videographer
Posted Thu Jan 31, 2013 2:05PM
Posted By cobalt:

So at the same time of the increase there might be a big advertising campaign, maybe even just to large corprorate customers with huge discounts. And then we wouldn´t see that.

(Edited on 2013-01-31 12:57:21 by cobalt)

I think I saw some posts about %10 discount on the credit packs on facebook, yesterday or the day before.
IvanJekic
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsExclusive
Posted Thu Jan 31, 2013 3:20PM
Same as Getty. They have premium prices that some actually do pay in full, with lots of discounts for big buyers. I don't see nothing particularly wrong here.
BrettCharlton
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Posted Fri Feb 1, 2013 2:02AM
Simple question: When exactly was the exclusive/non-exclusive price split implemented?
crossbrain66
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Posted Fri Feb 1, 2013 2:26AM
Posted By funky-data:

Posted By cobalt:

So at the same time of the increase there might be a big advertising campaign, maybe even just to large corprorate customers with huge discounts. And then we wouldn´t see that.

(Edited on 2013-01-31 12:57:21 by cobalt)


I think I saw some posts about %10 discount on the credit packs on facebook, yesterday or the day before.


There's the 15% sale on Creditpacks on February 12


http://www.istockphoto.com/article_view.php?ID=1480
lisafx
Member is a Black Diamond contributor and has more than 200,000 Photo downloadsMember is a contributor and has less than 250 Illustration downloads
Posted Sat Feb 2, 2013 12:01PM
Posted By franckreporter:

Lisa you should change the title of this thread. The price of exclusive images were been increased as well

Sorry, a bit late getting back to this thread.  I've had a few other pressing issues to deal with.  Just changed it
lostinbids
Member is a Gold contributor and has 10,000 - 24,999 Photo downloadsMember is a contributor and has less than 250 Video downloadsExclusiveExclusive iStockphoto Videographer
Posted Sat Feb 2, 2013 12:14PM
Posted By BrettCharlton:
Simple question: When exactly was the exclusive/non-exclusive price split implemented?

Jan 2010
magnez2
Member is a Bronze contributor and has 250 - 2,499 Photo downloadsExclusive
Posted Tue Feb 12, 2013 1:52PM
I can already feel the pain since the prices went up!
Ju-Lee
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Posted Tue Feb 12, 2013 2:30PM
Hooo that's the reason why february is so slow ....   ... Please stop rising the price.
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