29 Feb 2008 This Month in Microstock – February 2008
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| © 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.
Photonomikon
Posted at 14:26h, 29 FebruaryI 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.
MikLav
Posted at 17:30h, 01 MarchTaking 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 ?
Lee Torrens
Posted at 11:31h, 03 MarchI just asked him.