This Month in Microstock – February 2008
Posted by Lee Torrens |
| © Misty Pfeil | Dreamstime.com |
The shortest month of the year crammed in a lot of action in the microstock market. Mostly configurations changes and new services. Here’s the highlights:
Dreamstime adjusted their editorial submission guidelines to allow unreleased photos.
iStockphoto added a File Recovery Service allowing contributors to download their entire portfolio if they lose their files, and allowing buyers to download their previously purchased files. They also started a Spring sale offering discounts across large sized photos.
High profile microstocker Yuri Arcurs reached Black Diamond canister level at iStockphoto and declared his microstock earnings for January at US$64,000.
Stock photography guru Ron Chapple posted a fascinating 12 month report on the experiences of his microstock brand, iofoto.
LuckyOliver lowered their payment threshold to $25 with a $1 limit on Valentine’s Day each year.
StockXpert launched a Video Footage service with the highest royalty in the microstock market.
Shutterstock announced a rise in prices with a royalty rise planned for early May.
Posted February 29th, 2008 by Lee Torrens
I threw up in my mouth a little when I read the part about Yuri Arcurs.
On the other hand it’s a sign that if you work really hard and add plenty of talent in the mix, you can make tons of money off microstock.
Taking into account the investments Yuri makes to produce his photos, and the size of his team it isn’t that much (as a full-time salary for himself and all team members, before taxes).
Where did you see that number of 64K ?
I just asked him.