Apr 9 2009

Non-exclusivity has its benefits

Posted on: April 9, 2009 (20) Comments

If you’ve ever wondered whether the smart money is on being exclusive or not, I have some interesting news. Turns out that the numbers are up up up on non-exclusive agencies, a trend I see continuing.

I love to compare myself with my exclusive friends, and for too long they’ve been teasing me about their high returns per image (RPI). Well, I’m happy to report that finally the tables have turned. My current RPI is about $0.90 USD higher than that of my non-exclusive friends.
 
 

So why would anyone be exclusive?

Well, I must admit there are a few perks enjoyed by exclusives. First, being exclusive is just plain easier. You don’t have to upload again and again to a long list of different agencies or deal with all the hassle of using multiple interfaces. Throw in a higher commission and the possibility of gaining recognition or status on a site, and for some people this seems like a good option. So why am I not exclusive? Well…now that the hassle of uploading is over and I actually do have all my images online at all the these agencies, I really don’t mind the extra 0,90 USD RPI. 

 

Consider future trends

Here’s some food for thought about where this industry is going. In just five years, microstock has turned the traditional stock photo pricing model on its head. The big boys are already starting to want in, case in point: Corbis’ new Veer marketplace, Canstockphoto’s alliance with Photosearch, Moodboard, Almay’s educational micro-license and others.
 
I predict that in the near future we’ll see massive efforts from this traditional industry to get a piece of the action. And if history repeats, these big guys will do what they normally do to grow—throw big money at marketing and advertising. They’ll need to entice photographers and buyers their way, so they’ll offer larger commissions and lower prices. This translates into a rare advantage for us non-exclusives. We can negotiate good prices, good commissions and good conditions. Imagine being stuck as an exclusive when all this exciting stuff starts to happen! No thanks, I want in on that party.
 
 

iStock, a special case

There’s no doubt that iStock is the biggest micro-agency in the world and that they really push exclusivity. They sweeten the pot with increased upload limits, easier uploading software, shorter inspection queues, higher payouts (up to double what non-exclusives make), promises that your exclusive gallery will get “increased attention from buyers”, but wait, there’s more… they’ll even throw in a box of personalized business cards.

One of my main problems with iStock is that as a non-exclusive, I am limited in the number of images I can upload. They really ought to consider the effect that policy has on their competitiveness in the industry. Photos that iStock turns away are happily snapped up by their competitors. This means that the bulk of images building up at other agencies is enormous.

If I’m a buyer and I want to see more images of one shoot or one model, the inventory at iStock can’t compete with what I’ll find on the other sites. And as a photographer I know that I should only upload my basic “sure things” to iStock, which means I reserve my more interesting and cutting edge work for other sites. The images iStock proudly presents on their Hotshots sheet of the week are unfortunately and ironically the same kind of niche images that they’ll never get from us non-exclusives who need to use our upload limit very carefully.

 
So, to sum up, my vote is in and it’s for non-exclusivity for the time being. Only six months ago however, my vote would have been for exclusivity. Things change fast in the microstock business. There are nice bonuses afforded to exclusives, but when it comes right down to dollars and cents, it’s not worth it – for the time being. 

   

(20) Comments... What do you think? If you enjoyed this post, subscribe to my RSS
  1. nebuto said on April 9th, 2009 at 6:26 am  (Quote)

    Woh Great thinkings. Thanks

  2. Garry said on April 9th, 2009 at 8:40 pm  (Quote)

    Wow!

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