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Raise!


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#1 shutterstock

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Posted 23 April 2007 - 03:34 PM

Hello again.

Looking back on the first quarter of 2007, we are happy to confirm that demand remains strong for all of our products. As a result, payouts to you, our submitters, are increasing each month, proving again that Shutterstock has become the go-to resource for high quality royalty-free imagery. We thank you for helping us develop one of the strongest image libraries in the business.

On our end, we have made tremendous investments in product development, marketing, and operations to ensure that growth is swift and smooth. We now have a full line of products and licenses, including custom multi-seat licenses for larger companies. We have a team of 25 full-time employees and an aggressive marketing campaign to get the word out. Furthermore, we have spent considerable funds to ensure that we have the servers and bandwidth necessary to streamline the photo submission process and deliver the goods to our customers.

Of course, you, our submitters, are a critical part of the equation, so we are delighted to announce an increase in your payout rate. It works like this:

- If you have earned $500 or more in sales from Shutterstock, we will increase your payment per Standard License download to 30¢ per download. This is a raise of 5¢ (20%) per download and will go into effect May 1st, 2007.

- If you have not yet reached this point, the current payout of 25¢ per download will remain in force. At midnight on the day on which your earnings hit $500, you will automatically be upgraded in our system to the higher rate, and that rate will apply going forward.


Of course, the fastest way to qualify for the higher rate is to submit even more high-quality images. Our subscribers can't wait to see them…

It is our pleasure to offer this increase—it's our way of thanking you again for your support, loyalty and, above all, your fantastic images. Please keep them coming!

Best,

Jon Oringer, Founder/CEO
Shutterstock
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#2 narcisa

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Posted 23 April 2007 - 03:36 PM

Great news, thank you :)
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#3 TravelLight

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Posted 23 April 2007 - 03:41 PM

Thanks very much, that's great news!
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#4 johno

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Posted 23 April 2007 - 03:43 PM

Thanks! I guess I'm going to have to get busy. Great goal to shoot for.

peace.
Johno~
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#5 shaithis

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Posted 23 April 2007 - 03:47 PM

WAHOOOO! THANK YOU SHUTTERSTOCK!!!!!
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#6 divemonkey

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Posted 23 April 2007 - 03:49 PM

Nice one mate! Yeeeeeeeeeaaaaaaaahhhhhhhhhhh

I'm grabbing my camera as we speak! ha ha...
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#7 wisent

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Posted 23 April 2007 - 03:50 PM

GREAT!
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#8 cflorinc

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Posted 23 April 2007 - 03:51 PM

Can't wait for 1st of May! Thank you!
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#9 indykb

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Posted 23 April 2007 - 03:54 PM

Sweet deal! :O)

Thanks
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#10 Logos

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Posted 23 April 2007 - 03:57 PM

Stunning. What a difference this will make.
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#11 hospitalera

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Posted 23 April 2007 - 03:58 PM

Thank you!

I am just $1.20 away from the $500 threshold, that I should manage until the 1th May! SY
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#12 cloki

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Posted 23 April 2007 - 03:59 PM

Great! Thanks!!
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#13 Gregor Buir

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Posted 23 April 2007 - 04:01 PM

Bummer! Thought I get a raise!
Now I have to wait another few months! :(
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#14 pancaketom

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Posted 23 April 2007 - 04:07 PM

It would be interesting to see what the breakdown of total sales between folks with over 500$ and those with less is.

I guess I'll thank you in a few months.
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#15 Forgiss

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Posted 23 April 2007 - 04:09 PM

Supercool!!!

So, My understanding is correct that all sales from the 1st of may is going up at the new rate after you have earned a total of $500 at SS, not $500 for that month...

Thanx for the hard work you guys at the backend have done to make it possible to be a part of this business!!!

Nobody says it much, but we actually do appreciate you and the efforts :D
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#16 imagist

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Posted 23 April 2007 - 04:12 PM

Yes, that's $500 in lifetime earnings to qualify (even if you have not been paid out $500 yet)...

cheers!
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#17 geom

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Posted 23 April 2007 - 04:13 PM

Great!
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#18 cwwmbm

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Posted 23 April 2007 - 04:14 PM

Supercool!!!
Nobody says it much, but we actually do appreciate you and the efforts :D

Hey, that's our dirty little secret, don't give it away! :D

Thanks you guys, you're the best :)
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#19 trexec

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Posted 23 April 2007 - 04:15 PM

Thanks. 20% up of increase it´s more than I dream.

Regards and again, thanks.
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#20 Jenny

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Posted 23 April 2007 - 04:19 PM

Thank you very much for the raise, and all the work you guys do.

This site just keeps getting better and better!
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