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New earnings structure for Contributors


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10 hours ago, Gray Photo Online said:

I don't look at this month vs last month. I go more by this month this year vs the same month last year.

In my case, I've added about 1,000 photos to my Stock catalog in the past year.

For June of 2020 on Shutterstock, I've seen a 11.9% increase in photos sold over June 2019, but a 52.62% decrease in net income for June 2020 from Shutterstock. My Shutterstock average earning for June 2019 was $1.12 per image sold. My average earning for June 2020 is $0.47 per image sold. A significant drop in income in 2020 for roughly the same number of photos sold. My average income per image sold across all stock agencies for ytd 2020 is running about $0.76 per image sold (including Shutterstock) My Shutterstock return is significantly below my overall average this year and it is dragging my across the board results down. My best average price per image sold for June 2020 is from Adobe at $1.32 avg per image sold and remains very consistent from year to year in that regard there.

I'm not going to disable my portfolio on Shutterstock, but I have decided to halt new content uploads to Shutterstock. Shutterstock has dropped below the profitable threshold for new content in my case. I also cancelled my plans to upload more video on Shutterstock, for the same reason. What's online now is what will be. I've earned a lot from the existing catalog and those images continue to sell. New content will be more profitable to me by not uploading to Shutterstock, as the other stock sites will not be competing with Shutterstock and my earnings per image sold is much better elsewhere.

I'm considering pruning photos from Shutterstock to see if I get an increase in income elsewhere. I don't have solid data on how sales on one site compete with sales on another, but I'm about to find out. I'll collect data on Shutterstock's new skimming practice for July and August and then begin pruning the images from Shutterstock I feel will earn me more elsewhere.

By halting new uploads to Shutterstock, I incur no additional costs working with Shutterstock. I calculate the cost of getting my photos and the costs of uploading and maintaining the catalogs on all agencies. Shutterstock has one of the better interfaces, so my costs for time spent managing my catalog is actually a little lower on Shutterstock (pennies per hour). Time is money, so if I cut out 4 hours of time a month from Shutterstock, I'm saving time which saves money. I can earn more flipping burgers for four hours a month than I can selling photos on Shutterstock. Saving time reduces my overhead, so it's something I always calculate in my business dealings. What's up here now has been accounted for and there is really no additional costs for me by leaving the portfolio online. Everything now is pure profit, so why cut the spigot off out of anger?

 I have over 4,000 images in my catalog and about 3,900 of those have been approved on Shutterstock. I've been selling stock photography since 2007 and have been on Shutterstock since early 2017. I don't know what level I was on Shutterstock before the June skimming started, but I am at level 3 currently.

That's my experience.

thank you for your detailed description of the situation. I wish to you and all of the contributors better days here or somwhere else

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Ich lade langsam alle Bilder jetzt auf Pond5. So langsam muss ich mich von Shutterstock verabschieden. Sehr schade Shutterstock.

I am now slowly loading all images onto Pond5. I'm starting to say goodbye to Shutterstock. It's a shame Shutterstock.
 
Я потихоньку перекачиваю мои векторы на  Понд5. Надо прощаться с Шaттерсток. Очень жаль что так всё произошло, не ценят нас тут.
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Don't know how the new structure is working out for all of you, but for me the jury is in. In the month since the change, the site that was most competitive with SS, "earnings-wise", has outstripped my Shutterstock earnings 10:1. Shutterstock has now dropped to my bottom three income/month sites. I'll still contribute to my SS account, but I'm tempted to go "exclusive" elsewhere. Only problem is, these other sites may follow the SS example. So here we are, powerless.

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44 minutes ago, Thomas Morris said:

Don't know how the new structure is working out for all of you, but for me the jury is in. In the month since the change, the site that was most competitive with SS, "earnings-wise", has outstripped my Shutterstock earnings 10:1. Shutterstock has now dropped to my bottom three income/month sites. I'll still contribute to my SS account, but I'm tempted to go "exclusive" elsewhere. Only problem is, these other sites may follow the SS example. So here we are, powerless.

You have little control over what other agencies do, but you have control over what you do. To me, you analyze the results. What isn't working goes away and finding something that does work gets added. I owned about 50 shares of Shutterstock stock, but I sold it. It wasn't earning money. I reinvested those dollars in a different stock that makes more money. Front end or back end, Shutterstock isn't looking like an earner for anyone right now.

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2 hours ago, Thomas Morris said:

Don't know how the new structure is working out for all of you, but for me the jury is in. In the month since the change, the site that was most competitive with SS, "earnings-wise", has outstripped my Shutterstock earnings 10:1. Shutterstock has now dropped to my bottom three income/month sites. I'll still contribute to my SS account, but I'm tempted to go "exclusive" elsewhere. Only problem is, these other sites may follow the SS example. So here we are, powerless.

Check out the Stock Contributor Coalition if you feel powerless.

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i am new at SS even though i join last year. only in this last few month i made a bunch of vector mascots with high quality design. 3-4 hours each designs. made special for SS in hope it will sells alot. for a few month it did and the sell are quite good. in hope my investment in time and effort will return in about a year. 

however, with the changes in earnings, even though they are still sells i am cringe with the money i got. my new count that my investment will return in about 4 year or more. this is too long time for me.  

Now i closed my shop in support this movement. also upload my designs at other stock sites.

if SS want high quality items uploaded to their website, this is NOT the way. and i am one of the designer that made high quality designs that they want. now it is not worth it to create for SS. now i only think SS is a T%ash can from designs contests. and many of my friends does that. they loose design contests and throw away the unwanted designs to SS. if that what SS want, then brace yourself. i am back to contests.

 

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I was waiting to get paid and get my account settled before doing anything and as this has now been completed I have deactivated my account.
10c an image is an insult to both me and my work, so No more insults and if I never sell another image in my life, I will never sell an image again for 10c, I have far more pride in myself and my work to accept that. 
My sales numbers for June were exactly the same as May, but my earnings are down nearly 70% which is disgraceful, so as Douglas Adams once fittingly said, So long and thanks for the fish! 

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I was told, although i'm in level 3 now, but i will "sometimes" still get $0.10 per download if the user is a very large subscription user (750 images per month or 9000 per year)

But "most of my time" i will still get more revenue than before.

Hey... all my downloads are mostly $0.10..

Do you mean all users are large subscription user..?

Please tell me how to maintain my motivation...

 

 

 

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On 7/3/2020 at 7:22 PM, HannaTor said:

If you know Russian, so almost everything you gave here as an example is just a jokes, some of them from  old classic Russian comedies. I think in any culture, in any movie you can find some rude jokes, no? So take it easy, nothing wrong with it:-))

I'm familiar with russian culture, but those signs are too much :)

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9 hours ago, Mark A. Williams said:

I notified SS by email (Privacy@shutterstock.com) on  May 29th to close my account and pay me my remaining earnings.  I have yet to see any action on their part.  Has anyone had any success doing this?

 

I used the contact button to ask to close my account at the beginning of june  They replied a few days later. I got my earnings yesterday which was less than $ 35. My account is all set to zero, but still there, so i am still lurking the forums.

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This is more than a joke!

Assessment of trends, research, planning, implementation, editing and indexing, as well as upload.

All of these are costs that each contributor incurs. And you only provide the platform, marketing and sales processing.

I get $ 0.10 from the previous $ 0.25 for each bottom download. With very low download numbers. If the download numbers were higher, one could argue about it.
But that's just contempt for those who keep you alive with the content.
If this does not change, I will dissolve my portfolio here and rely on more serious, more responsible agencies. Which are in the economic and business situation. To run such agencies.

The people who are responsible for this price structure should be clear about it. Who feeds such an agency and keeps it alive!

 

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5 hours ago, RegionalStock said:

This is more than a joke!

Assessment of trends, research, planning, implementation, editing and indexing, as well as upload.

All of these are costs that each contributor incurs. And you only provide the platform, marketing and sales processing.

I get $ 0.10 from the previous $ 0.25 for each bottom download. With very low download numbers. If the download numbers were higher, one could argue about it.
But that's just contempt for those who keep you alive with the content.
If this does not change, I will dissolve my portfolio here and rely on more serious, more responsible agencies. Which are in the economic and business situation. To run such agencies.

The people who are responsible for this price structure should be clear about it. Who feeds such an agency and keeps it alive!

 

argue about it? since they started to give me $0.25 for an image I stopped uploading graphics and started to upload video footage as you received $40-$80 for one video, and now you get $0.34-$0.60, what the hell can you argue about that? making decent stock photos requires money and time.

Lets say one does not have a studio, to rent a cheap one with lighting it costs $35/hour, than you have to find a decent model, lets say a cheaper one and you can negotiate a price/ day thtat varies from $250 to $ sky is the limit, than you need one hour to set up the studio, 4-5 hour to shoot, thats $460-$500, for 10-15 usable images. And now you have to make about 5000 sales just to break even ! What is there to argue?

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Sales disabled here as of today. I was going to give it a little longer but after reading the other users responses and experiences, it seems as though SS is now a third world image provider and point of sales. What little I'll lose in sales here are already being made up elsewhere. From #1 to the dumpster in less than 2 months. I don't even list them on my web site now.

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