01 Jan 2009 Microstock Earnings Report December 2008
While last month I excused my low microstock earnings by emphasizing the ‘part time’ nature of my microstock efforts, my December results are even worse – reflecting an ‘idle’ microstocker! While December is the slowest month of the year in microstock, I did no shooting or uploading to offset the effects of the season. Here’s what happened:
|Agency||Earnings US$||Portfolio Size||Return per Image
- iStockphoto weathered the December storm well for me, despite having very few festive season images in my portfolio. Earnings were almost exactly the same as November. Or perhaps November already reflected the seasonal drop.
- StockXpert is showing reasonable sales from the photo.com and Jupiterimages Unlimited connections but my earnings have returned to pre-connection levels over the past few months. I’ll be interested to see what happens when I resume uploading. At least the earnings are consistent.
- Zero portfolio growth is not the ideal way to grow your sell through rate, as I did this month. Ideally it will rise in line with rising commercial appeal of new submissions. That’s something for me to aspire to in 2009.
- My first extended license generated a new high for me at 123rf.
- My total earnings were $87 higher than last December, which is pleasing, but it’s a smaller gap than the previous year. This is the first year in which December was the lowest earning month of the year for me.
- Statistically, my six month moving average is still above my 12 month moving average, partially due to the unusually high increases in August and September.
Thoughts About My Earnings
As December is always a low earning month, I’m not disappointed, though I believe that uploading some new photos would have minimized the downturn at many agencies, particularly Shutterstock and Dreamstime.
I failed to achieve my goal of $1000 monthly earnings in 2008, coming closest in September with $870. I expect earnings will bounce back in early 2009 as I resume shooting and uploading and the market recovers from the festive season slump. I’m aiming to cross the $1000 threshold by April.
Microstock is still only a portion of my total income, though I’m happy with the growth in earnings and still enjoy creating stock photos. I’m working to responsibly delegate some of my other commitments (not blogging – don’t worry) so that I can commit more time to microstock – shooting and blogging. While I would like to report earnings results of a ‘new’ full time microstocker, there are too many distractions in the form of opportunities in and around microstock for that to happen.