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New earnings structure for Contributors


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In my opinion, the RESET, is for EQUAL EXPOSURE for every contributor. As it is now, there is no interest for shutterstock to promote the 38 cents images.

That's why mostly 2020 and 2019 portfolios were promoted. But in this way they couldn't support older portfolios, with contributors that did some investments in the meantime, and bought gear, etc. So clients loose quality. I can certainly tell, that even if I did 4 months full time upload, the sales didn't go up. I am here from 2006. I am under 50$ per month since years. That's how you quit. I have to do other things to live. 

I believe this is NOT (hopefully) a scarcity move on behalf of shutterstock. This is for EQUAL EXPOSURE I believe. What do you think? 

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In an email that is going out today, we are announcing that we will be updating the earnings structure that determines how much you get paid when customers license your work. We are making this adjust

This space will be updated to address frequently asked questions.  My email shows different counts for videos than are shown above. Which is correct? Apologies. The email to video contributo

Just when you think Shutterstock couldn't completely and utterly screw the contributors and more you've gone and done it. Effectively with a January reset everybody gets a cut of 20% or more of e

Posted Images

A few years back some of us made comments that since Shutterstock went public and it was turned over to the bean counters that they were messing with the rules and algorithms to make them more money and pay us less. Many said we were nuts and just starting conspiracy rumors. Well I wonder what they have to say now. One more way for them to make more money on our backs. I have reached the end of my rope with them and I will be de-activating all of my images and videos as well. All I can say Shutterstock is thanks for nothing. 

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5 minutes ago, AlphaNature said:

Many here refer to poor countries, as if poor countries must necessarily live poorly. In poor countries it’s worth living well, it’s more expensive than living in a rich country for the poor. Having an apartment and a car in a good area in India or Ukraine is as difficult as buying in England. Understand a good area in a poor country is equivalent to a province in England. Why do you think that in a poor country everyone wants to live poorly and does not want a good apartment and a good car. If you are jealous, maybe you yourself will move to India or Ukraine?

Enough to divide the community of authors, we need to unite.

nobody said they deserve to I've poor...but you can live poorly and well, because most people earn far from what people earn in country like usa or spain....is a fact...if i earn 500 dollar with micro i will live under abridge and die of starving, if i earn 500 dollar in micro in many country i earn like millions of people, doing something independent and without rules. that's why most contributor right now come from some country, because there you can live with 1000 dollar a good life....in spain 1000 dollar you don't go out of house after paying rent and bills.

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1 hour ago, Philip Rozenski said:

Here is a further post from last night below...you are making the assumption that the vast majority of their sales are the highest tier 750 a month.  Their financials show that is far from the truth.  Most are likely the 50/month subscription ...here is the repost with  data from their SEC filed financial reports

  • They have 1.9 million active users--lets say 90% on subscription or 1.71MM-- but 80% are for photo/illustration images and 20% are video so 1.368 photo focuses subscribers.
  • They reported just 46 million total downloads Q1 2020--about 184 million a year-- we will say 80% are images so say 147.2MM images per year or 12.25MM per month and we will contribute them all to subscription for shits and grins.
  • That is less than 9 subscription photos taken per account in the best circumstances.  someone in the art department is getting fired as they wasted $100 a month every month on subs so the vast majority CAN NOT BE 750/month accounts or we would be seeing a massive number of DDs

Everyone keeps making the universal assumption that most photos are and will be sold to 750 image per months subs that would get you the 10 cents.

So we will walk through some math....

  •  Lets say  80% of sales are images or 1.5MM active users and 12.6MM images per month is an average of 8.28 images per account
  • But lets say 30% are direct download users so 1.064MM sub users.  That means subs average 8.3 DLs per account
  • Now lets run three scenarios to see if we can try to allocate sub accounts to the tiers to see what it would take to get numbers approximately right.image.thumb.png.898cb4a7d9a1ba9d88e4205ab06359d4.png
  • Most likely something like scenario 3 is how sub accounts would be allocated. With only 3% or so of sales in the 750 a month or 10 cent per image range..

Now are these number perfect... certainly not.  What they tell us is it would be very unlikely for 750/month subs to be the lions share of the download sources.  Either they would rely on a massive customer under utilization of subscriptions or they rely on a significantly higher volume of 10 unit and 50 unit per month subs and a moderate amount of subscription under utilization (hence why the don't roll over credits).  I would say there is a likelihood that 10 per month or $2.90 per image is about 50% of their subs. 

Remember my premise of why would they do this?  Incentivize more interaction with their plat form and penalize low quality/value contributors with the annual reset.

I would also think they would be resetting subs soon as they refresh the business model. 

 

You seem to have made up your mind to support Shutterstock and remain as a contributor. That is your choice.

 

The reality is January 1, the bulk of subscription licenses will net ME less than what I was receiving. 38 cents per license was difficult to swallow, I chose to do so because of the previous sales volume. January 1, 10 of the twelve subscription levels with data run, net me less. Most 10 cents. If I work really hard and shutterstock doesn't bend me over again by revamping the search algorithm to make it impossible/less likely, I get "back" to the 30% threshold, only 6 of the 12 subscription tiers pay me less. The MAX of those 6 is 17 cents. I also believe, based on shutterstock's recent actions, that as of June 1, most will see a loss in net license fees. They are not doing this to pay most people more. To think that is the case is, in my opinion, naive and again, unsupported by recent Shutterstock actions.

 

Call me nuts, my work is worth more than 17 cents a download. You are making assumptions that Shutterstock will make changes to subscription deals that would benefit us. There is literally nothing they have done to suggest that this is a consideration at all.

 

And again, you have made your choice. I do truly hope that it works out for you. I understand that I am blessed to be able to walk away from an abusive relationship. I do not presume to think that everyone is as blessed with other income streams. I feel for those who feel trapped and appreciate the efforts of others to suggest alternatives for making up some of the likely lost income. You seem ok with the abuse, however you justify it, again, I do hope it works it out for you.

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10 minutes ago, mpessaris said:

Yuri was right when he left a few years ago..i wish i could do that, create my own site...but i'm not good/renowned/rich enough to do it

He decided and opened peopleimages.com a few years ago. Building such a site costs too much. Design, frontend & backend programming, dedicated servers, huge bandwidth, security, maintenance etc... But there are also some ınteresting examples such as eyeem.com and arcangel.com with very minimalist design and user friendly interaface. 

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We can NOT de-activate our portfolio. Delete or do nothing.

MSG https://www.[do_not_advertise_other_microstock_groups]/shutterstock-com/how-to-disable-(not-delete)-your-portfolio-on-shutterstock/msg0/?topicseen#new
"Are you sure this actually disables your account? The png seems to imply that you're just not letting people use your images for anything defamatory, deceptive, pornographic, etc..."

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1 hour ago, LongJon said:

you come from ukraine....how much is minimum salary in ukraine right now?

I am so tired of western european folks who only met unqualified and dumb enought people from eastern europe to move to the west to work as slaves, and they consider that everyone's the same on the east. No, FFS, we're not the same. I'm even further to the east from Ukraine and I earn five digits each months in USD. So stop this BS and think that eveyrone who lives to the east from you should earn just some minimum wage. Skilled illustrators and photographers are beyond borders nowadays, we can earn anything we want on the global market. So keep your boomer thoughts of the world to yourself and STFU, please.

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10 minutes ago, Aspen Photo said:

You seem to have made up your mind to support Shutterstock and remain as a contributor. That is your choice.

 

The reality is January 1, the bulk of subscription licenses will net ME less than what I was receiving. 38 cents per license was difficult to swallow, I chose to do so because of the previous sales volume. January 1, 10 of the twelve subscription levels with data run, net me less. Most 10 cents. If I work really hard and shutterstock doesn't bend me over again by revamping the search algorithm to make it impossible/less likely, I get "back" to the 30% threshold, only 6 of the 12 subscription tiers pay me less. The MAX of those 6 is 17 cents. I also believe, based on shutterstock's recent actions, that as of June 1, most will see a loss in net license fees. They are not doing this to pay most people more. To think that is the case is, in my opinion, naive and again, unsupported by recent Shutterstock actions.

 

Call me nuts, my work is worth more than 17 cents a download. You are making assumptions that Shutterstock will make changes to subscription deals that would benefit us. There is literally nothing they have done to suggest that this is a consideration at all.

 

And again, you have made your choice. I do truly hope that it works out for you. I understand that I am blessed to be able to walk away from an abusive relationship. I do not presume to think that everyone is as blessed with other income streams. I feel for those who feel trapped and appreciate the efforts of others to suggest alternatives for making up some of the likely lost income. You seem ok with the abuse, however you justify it, again, I do hope it works it out for you.

you don't know at this point what level of subs are sold by ss....if they sold more 50 packs most of your subs sale will earn you more even at 20%. so you are taking a decision without knowing all data....i am not saying you won't have 110 cent royalty,. personally i think they will be majority...but we simply don't know at this point.

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13 minutes ago, LongJon said:

никто не сказал, что они заслуживают того, что я беден ... но вы можете жить плохо и хорошо, потому что большинство людей зарабатывают далеко от того, что люди зарабатывают в такой стране, как США или Испания ... это факт ... если я заработаю 500 долларов с микро я буду жить в неведении и умру от голода, если я заработаю 500 долларов в микро во многих странах, я зарабатываю как миллионы людей, делая что-то независимое и без правил. вот почему большинство авторов сейчас приехали из какой-то страны, потому что там вы можете жить с 1000 долларов хорошей жизнью ... в Испании 1000 долларов вы не выходите из дома после оплаты аренды и счетов.

In a poor country, everything is for money. Your every move costs - a kindergarten, school, medicine, transportation are all expensive. And in a poor country for a similar service of European quality is not enough for a thousand dollars. Everything is expensive for you, because the state provides a lot of what is paid for in poor countries. And that is why you would not want to move to poor countries.

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2 minutes ago, samoyloff said:

I am so tired of western european folks who only met unqualified and dumb enought people from eastern europe to move to the west to work as slaves, and they consider that everyone's the same on the east. No, FFS, we're not the same. I'm even further to the east from Ukraine and I earn five digits each months in USD. So stop this BS and think that eveyrone who lives to the east from you should earn just some minimum wage. Skilled illustrators and photographers are beyond borders nowadays, we can earn anything we want on the global market. So keep your boomer thoughts of the world to yourself and STFU, please.

you don't get the point. nobody tell that people from east must earn low...we tell what monetary fund tells...minimum salary in ukraine is 200 dollar at the moment..that's why everybody is doing stock there not because they love more than western people photography, but because economically working for a 400 salary in office or shooting micro for 400 is a no brain decision....cost of living and production are minimum...that's why many shoots....

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26 minutes ago, CPxiom said:

In my opinion, the RESET, is for EQUAL EXPOSURE for every contributor. As it is now, there is no interest for shutterstock to promote the 38 cents images.

That's why mostly 2020 and 2019 portfolios were promoted. But in this way they couldn't support older portfolios, with contributors that did some investments in the meantime, and bought gear, etc. So clients loose quality. I can certainly tell, that even if I did 4 months full time upload, the sales didn't go up. I am here from 2006. I am under 50$ per month since years. That's how you quit. I have to do other things to live. 

I believe this is NOT (hopefully) a scarcity move on behalf of shutterstock. This is for EQUAL EXPOSURE I believe. What do you think? 

So in the long run, this will promote best selling portfolios, and not necessarily new ones. NEW does not equal GOOD(necessarily). What do you all say?

As it is now, there is temptation to sell only 25 cents images, mostly. Older portfolio, hurts shutterstock pockets. So why promote them. But... there are quality contributors, who also invested. So clients lose. So.... this change, might be necessary.

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Hello. Yesterday I've discovered about this news and I think it is the best decision that SS can offer, because we all have a difficult time, otherwise we can lose SS and don't receive even 15% and I think we should be patient and work to save SS. Also, I want to say thank you to the Shutterstock team, this year I will be graduated from college and during my education, SS helped me to pay for my education, and I will be glad to support you in this difficult time, thank you Shutterstock!

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Just now, AlphaNature said:

In a poor country, everything is for money. Your every move costs - a kindergarten, school, medicine, transportation are all expensive. And in a poor country for a similar service of European quality is not enough for a thousand dollars. Everything is expensive for you, because the state provides a lot of what is paid for in poor countries. And that is why you would not want to move to poor countries.

in amor country you can live with 400 dollar...survive better...in a modern country u die....that's it....and is not an offence..is a fact..that's why most of contributor are coming from cis and ukraine in the last years....they earn dollar first and considering their currency is worth nothing earn in dollar for them is a miracle....cost of production and living are abysmal compared to western world....that's why many are super happy to still earn 500 600 dollar...because earning 600 in their country currency means have a very good job...i am not telling they deserve to earn 600, i'm just stating why ss can now do this, because most people producing live in country where minimum salary and cost of living let the cut royalty and still have people producing files.... sure they won't become rich or buy expensive car., but they can live a normal life. in spain italy france hgermany normal life start from 3000 euro up..is bit different tan 500 600

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Just now, LongJon said:

you don't get the point. nobody tell that people from east must earn low...we tell what monetary fund tells...minimum salary in ukraine is 200 dollar at the moment..

Once again, you're dumb enough to quote the MINUMUM salary that almost nobody makes. We're talking about skilled people who can make photographs and illustrations to be marketed to the global audience, and you keep your "look, these folks to the east from me make $200 a month". You just don't get the point. You think that everyone to the east from you are unskilled low paid people. And that's simply not true in the modern world, where everything is connected throught the global web. People who can do good content and invest thousands into their profession make the same over the world. So quit your boomer stereotyping, it's pathetic, to say the least.

 

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27 minutes ago, CPxiom said:

In my opinion, the RESET, is for EQUAL EXPOSURE for every contributor. As it is now, there is no interest for shutterstock to promote the 38 cents images.

That's why mostly 2020 and 2019 portfolios were promoted. But in this way they couldn't support older portfolios, with contributors that did some investments in the meantime, and bought gear, etc. So clients loose quality. I can certainly tell, that even if I did 4 months full time upload, the sales didn't go up. I am here from 2006. I am under 50$ per month since years. That's how you quit. I have to do other things to live. 

I believe this is NOT (hopefully) a scarcity move on behalf of shutterstock. This is for EQUAL EXPOSURE I believe. What do you think? 

Same here, contributor from 2006. I barely made it past $50 this month. It's been downhill for me for several years now. May just might be the worst month I've seen since I first started. 

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It looks like Shutterstock no longer loves freelancers as the individual contributors but now will prefer to continue working with agencies that upload content for sale in bulk. Maybe someone in leadership had used drugs before making these decisions.

But on the other hand, given the tempo with which correction to Video Levels was announced repeatedly, it all looks more like a whim on the part of Shutterstock than a justified necessity.

part_1_2.jpg

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1 minute ago, samoyloff said:

Once again, you're dumb enough to quote the MINUMUM salary that almost nobody makes. We're talking about skilled people who can make photographs and illustrations to be marketed to the global audience, and you keep your "look, these folks to the east from me make $200 a month". You just don't get the point. You think that everyone to the east from you are unskilled low paid people. And that's simply not true in the modern world, where everything is connected throught the global web. People who can do good content and invest thousands into their profession make the same over the world. So quit your boomer stereotyping, it's pathetic, to say the least.

 

im not saying this...but you won't understand....is not about skill is about cost of living cost of production....i wen to ukraine 40 rtimes...compared to any western country is third world, salary are third world, some earn good money mostly earn nothing...even in bank people earn nothing compared to europe....that's why most are doing stock, even at 500 dollar months is super convenient compared to many normal job.  nobody is saying you don't deserve to earn 5000000 a month. i shoot in kiev many times....10 dollar hour rent of studio , good model 15 to 20....in any western country it will be 10 times this, 

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50 minutes ago, Olena Zaskochenko said:

deleted 20 more photos from portfolio.. will continue.  feels like a saying good bye for an old friend..

I know the impulse is to try to stick it to SS but they have millions of image files. Make sure you're not hurting yourself. I have decided to keep my account and let it rest, I won't upload to it anymore. But I'll take whatever money they want to throw at me, however paltry, because I need it!

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