Tag Archives: Getty Images

Getty Updates Custom Content Briefs

Getty Images recently launched a new service to marry the needs of their clients with their network of photographers. The new service is called Custom Content Briefs. You can read about it in this post Getty Launches Custom Content Briefs. While Getty and iStockphoto have traditionally operated under the stock photography model where an image can be licensed many times, under Custom Content Briefs they can only be licensed by that one client. This makes it tricky for stock photographers to assess the likely financial benefit of shooting to these briefs. And that has lead to this post, Getty Updates Custom Content Briefs.

When the Custom Content Briefs were launched, a sticking point for photographers was the issue of what would happen with ‘unsuccessful’ images. That is, images which were not selected by the client. Getty had outlined that those images would not be able to be added to the photographer’s stock photo portfolio. That made shooting to these briefs more of a gamble for photographers. If your images were chosen by the client, great. If not, the photographer had lost the time and money invested in the shoot.

I can’t see enough financial upside in Custom Content Briefs and will be letting this train pass

So what is changing in this update?

This week, Getty has had a change of mind. Quoting directly from the update on the Getty Images contributors forum ….

“What happens if a client doesn’t select all or part of my Custom Content submission? Can I license non-selects?
If the client doesn’t select all or part of your Custom Content submission and the non-Similar work is suitable for general stock licensing (i.e., it has all applicable releases and contains no client products), then we’ll put it straight into the regular collection you submitted it to in ESP. There is nothing you need to do and the work should appear in your regular collection around two weeks after the submission brief deadline.”

What does this mean? In short, it means if your images are not selected by the Custom Content Brief customer you will be able to use them in your stock portfolio (if the images meet the requirements of the collection).

Does this make Custom Content Briefs more attractive? In theory, yes. By having those ‘unsuccessful’ images in a stock portfolio there is a potential financial return.

Getty will need to increase the payment for ‘successful’ images for me to consider jumping on board with Custom Content Briefs.

Will I be shooting Custom Content Briefs? At this point, no. I can’t see enough financial upside in shooting a one off project as opposed to a steady flows of royalties from successful stock images. While Getty has addressed one piece of the puzzle they need to address another, and that is the financial return for the successful images.

What other options are there? Imagebrief’s business is built around a model like Custom Content Briefs. I wrote about that in New Ways to Sell Your Images. I see higher potential return in the Imagebrief model than I do in the Getty model. While I’m not planning to shoot for either in the near future, it’s clear to me that it would be more financially lucrative for the photographer to work with Imagebrief. What about you? What do you think of this emerging model of crowd sourced contract work?

Thanks for reading Getty Updates Custom Content Briefs. I hope it’s helped you.

4 Lessons from this Month’s Stock Photo Sales

I have written extensively about stock photography for Beyond Here, and it continues to be a core part of my photography business. I shoot a lot and often have several stock photo series on the go at once. As a contributor to iStockphoto sales are reported once a month (around the 20th of each month) and payment is also made once per month (by the 25th). We are now near the end of August 2017 and so I’ve just received sales reports and payment for July 2017. July is often a fairly weak month (read this post on What is the Summer Slowdown in Stock Photography) but this year July has been my second best month of the year. Why would that be? I’ve done some analysis and here are 4 lessons from this month’s stock photo sales.

Let’s look at the analysis first.

51% of my iStock sales generated a royalty of less than USD $1 each

For the month of July you can see that I had a lot of downloads where the royalty I received was very small. For just over half of my downloads (51% to be precise) the royalty I received for the client licencing my image was less than USD $1. It’s scary how little the photographer makes from these downloads. For 30% of my downloads I received between USD $1 and $5. For 10% of the downloads I received a royalty of USD $5 – $20, for 4 downloads I received a royalty between USD $20 and $100, and for 2 downloads I received a royalty of more than USD $100.

Royalty income of between $5 and $20 per download generated one third of total royalties

When we turn that into total revenue you can see that the 51% of downloads which generate a royalty of less than $1 combine to add up to just 6% of my total royalty income for the month. And at the other end of the spectrum, 2 large sales account for more than 10%.

When we combine these, you get the picture below.

Royalties of over $5 represented 13% of total downloads, but 70% of total royalties

So what does this all mean? And what are the 4 lessons from this month’s stock photo sales?

Lesson 1 – Expect volatility in your monthly stock photo income.

A few large sales had a significant impact on my royalty income for the month. Without those larger sales July would have been very mediocre. Unfortunately those larger sales don’t happen every month, and so there is going to be a lot of volatility in monthly royalty income. The larger and more diverse your portfolio is, the less volatility you will have. And a smaller portfolio with a narrower range of content is likely to have much higher volatility.

I have more than 10,000 images in my portfolio and still experience a lot of volatility.

Lesson 2 – Higher value sales do still happen

My highest royalty from an individual sale this month was USD $114. That is a good royalty from the sale of just one file. I’d prefer if these types of royalties occurred more often but it is nice to know they still happen.

Lesson 3 – Larger sales happen in unique collections

My larger sales this month all happened through the Getty Images website rather than the iStockphoto site or partner program sites. To get images onto the Getty website I upload through iStockphoto and nominate them into the Signature+ collection. If they are approved in the Signature+ collection they are automatically mirrored onto the Getty website. So getting more images into Signature+ is important for generating higher value sales.

Lesson 4 – There’s no money to be made at the low price, high volume end of the market

51% of my total sales this month generated very little income. Most of those sales were of very generic imagery where there is high demand but also high supply. While it’s nice to have your work downloaded, my experience is that there is no money to be made in low price, high volume generic images. I’m going to continue to focus on unique imagery and leave this end of the market to others.

It was nice to have a strong royalty income month in July. I hope the 4 lessons from this month’s stock photo sales are helpful in your own stock photography journey. Keep shooting!

Getty Launches Custom Content Briefs

In July 2017 many Getty and iStock photographers were advised of a new initiative – Custom Content briefs. This was positioned as a new way for photographers who currently submit to Getty and iStock to earn income.

What are Custom Content Briefs?

According to the communication from Getty “there’s a fast-growing market for brand imagery that is shot for clients on demand, but which is very different from a traditional commissioned shoot. With our vast customer base and your talent, we’re in a unique position to lead this rising market and grow revenue and royalties”.

Getty will send briefs to select contributors stating that it is for Custom Content. Again, directly from the Getty communication “the brief will explain the content need and any tips that could help”.

What are we likely to see in the Custom Content briefs? and what do I think?

The Getty brief says customers are asking for:

“Simple, easy to shoot, highly relevant topics. The content is meant to be loose and authentic, so making the images should be fast and easy.” This sounds just like the modern trend in stock photography. Less in the studio on a white background, and more with real people engaged in authentic activity. Nothing really new here.

Custom Content briefs are likely to want real people and authentic settings

“Customers come to us looking for large sets of imagery, in a variety of styles, on a specific theme or subject that fits their brand.” Ok, this is starting to sound different to the imagery Getty and iStock are known for. As a stock photographer I would typically try to shoot a wide variety of content in a single shoot. I wouldn’t necessarily be trying to shoot what this outline asks for. I can see the business need here. It’s not likely to be met by current stock libraries and represents an opportunity to get a better outcome for the customer.

“They often have very specific needs, for example that the images contain their product or are taken in specific countries or cities.” There are lots of stock briefs requesting content from specific locations, so that element is not new. But including their products is very new. Previously I would have avoided showing any branded product (so that it could be approved to be part of the main iStockphoto royalty free collection).

“They typically want the imagery cleared for commercial use (released).” This is normal practice for stock photography, and makes sense here as the customer is likely to be a business who will want to use the images in a commercial context.

“They want to license this imagery exclusively.” Again this is new ground for Getty and iStock. The model of stock photography has traditionally been low prices and images which will be bought by multiple customers. In this case they are saying that the customer will purchase exclusive rights for the images.

Custom Content briefs seem to be a form of crowd sourced contract work

So what’s the concept here?

The idea of Custom Content briefs seems to be a hybrid of crowd sourced contract work. This type of content would not have previously been met by image libraries, and a client would have had to contract a photographer to shoot this imagery. Getty’s Custom Content briefs look like they are trying to marry their relationship with a large number of clients, with their relationship with a large number of photographers for mutual benefit.

If it is successful, the client, photographer, and Getty are all likely to benefit. And equally, photographers who were previously shooting this content on contract to the client will be the losers. Their corporate client will be partnering with Getty and their photographer community, and no longer directly with the photographer.

In many ways, this concept is similar to the model operated by ImageBrief. For details, please see this earlier post on Beyond Here New Ways to Sell Your Images.

How will submissions work? and where will the images be displayed?

When responding to a brief, photographers will upload content through the Getty Images portal ESP. I see what Getty are thinking here, they will leverage their existing technology capability to open up a new market. From the photographers point of view this is straight forward as they are already familiar with ESP for their stock content uploads. They just need to add the brief code to the upload process so that Getty know it is content in response to the brief.

Where will the content be displayed? This is where things change. Instead of displaying on the Getty or iStock site for clients to purchase, these images will be “routed to the customer to review“.

If the customer buys your content – great – the photographer will earn an income. One point which Getty have not yet clarified for photographers is whether ‘unsuccessful’ content submissions can then be used in stock portfolios (if the images meet the criteria).

What’s the financial incentive for photographers?

Getty’s communication indicates “pricing will range based on the volume of images being requested by the customer – we expect to have a licence fee of between $200 and $400 per image.” And what will photographers get? “You will receive your standard royalties (in the case of iStock Exclusives this will be your iStock tiered rate).”

Those iStock exclusive tiered rates are from 25% to 45%.

If we take a rate in the middle (35%) that means iStock Exclusive contributors can expect to earn between $70 and $140 per image. (Getty have not advised the currency but we can safely assume they are talking about US dollars given they are a US based company).

Early feedback from iStock photographers says they are skeptical about the potential financial return

What is the early feedback on the concept?

Taking a small sample of iStock photographers – those contributing to the iStock / Getty community forums – the initial feedback is largely negative. Most have a view that earnings per image won’t justify the time, money and effort to invest in the shoot.

Can the concept work?

I’m a glass half full person, and I would say that yes, the concept can work. It appears to be working for ImageBrief and their clients, and it can work for Getty too.

From my perspective, making the concept work will depend on Getty making sure the right clients are using Custom Content briefs.

I would see a client wanting just one image and wanting to pay $300 will not work as the photographer will receive between $75 and $135 depending on their royalty rate. From my own point of view I expect my stronger stock files to produce more income than this and so would choose to shoot stock ahead of Custom Content briefs.

However, if a client wants 25 images at $200 each that’s a $5000 shoot for which the photographer would receive between $1250 and $2250. Depending on the quality of the brief I would consider shooting to a brief that offered this potential return. I would be even more likely to if any ‘unsuccessful’ images (ie not bought by the client) could then be used in my stock portfolio.

So?

Getty intends the first Custom Content briefs to be issued soon. Time will tell whether the concept will work, but I have a view that it can. Do you share that view? Do you plan to shoot for Custom Content briefs?

Thoughts on iStock Exclusivity in 2017

Last week I was asked by a photographer who is new to iStock what my thoughts were on becoming an exclusive photographer. Regular readers of Beyond Here would know that I have been contributing to iStock since 2008, and have been an exclusive photographer since 2010. A lot has changed in stock photography since 2010, and his question forced me to reconsider the issue. Here are my thoughts on iStock exclusivity in 2017.

Firstly, what is iStock? iStock is one of the leading microstock photography agencies. A photographer can submit images, and will receive a royalty each time one of their images is downloaded.

Stock photography can generate a significant ongoing income

So, what is exclusivity on iStock? As a contributor you can choose whether you only upload your images to iStock (this is called being an Exclusive Contributor), or to submit your images to a range of different stock agencies (this is called being an Independent Contributor). Back in 2010 there were minimum criteria to meet before you could become exclusive, but today there are no minimum criteria. It’s just a matter of choosing exclusive or independent.

Why would you choose to be exclusive? For iStock, being able to promote that they have content which is only available on their site is a major selling point. To make that attractive to photographers, iStock offers a high royalty payment if your content is exclusive. For the photographer who asked me the question, he had just been approved as a contributor and so would earn 15% as an independent contributor. If he chose to become an Exclusive Contributor his royalty rate would increase to 25%. (Higher percentages are available as you become more successful up to a maximum of 45%).

Why wouldn’t you choose the higher royalty rate? You wouldn’t choose to become exclusive and earn the higher royalty rate if you were prepared to upload your content to a range of microstock sites, and if you felt this would produce a better financial outcome. While I have chosen to be an exclusive contributor at iStock, thousands of photographers choose to remain independent and submit their content to other sites as well. iStock is not the only game in town.

I suggested he upload to several sites and rethink his strategy in 6-12 months

After some deliberation, my suggestion to this photographer was that he remain independent and contribute to three other sites in the short term.

Why did I make this suggestion?

iStock was a dominant player in the market back in the early 2000’s. It had first mover advantage and rode the success from a large group of loyal contributors many of whom were also buyers. Since iStock was sold to Getty Images there have been numerous changes to the site and the people running iStock. While some changes are for the better, the army of loyal contributors has reduced in size. The roar of the crowd has become more of a whimper, and when the voices do rise in unison it is more often to raise concerns than to cheer for team iStock. While I don’t have market information, I expect iStock is not the major player it was 10 or more years ago.
Using different sites will enable him to judge what is best for him. Without knowing exactly what content he was planning to upload, I suggested he remain independent and upload to other sites too. This would enable him to figure out what is going to be the best path for him. He could reassess exclusivity in 6-12 months based on facts from his own performance on different sites.
One of the major benefits of iStock exclusivity in years gone by was the preferential treatment exclusive files were given in the search results. The iStock site and back end systems have gone through major changes in 2017 and it appears that exclusive content no longer gets as well placed. That reduces the benefit of being exclusive, and is reflected in my own earnings which are down from recent years.

Many iStock exclusive contributors have had to rethink their plan

While my current year earnings are down, for now I’m choosing to remain an exclusive contributor at iStock. Why? It’s partly my loyalty to iStock after nearly 10 years as a contributor, and it’s definitely because I remain hopeful that iStock and Getty Images will not only realise that exclusive content is the key to their success but that they will also deliver benefits for exclusive contributors. They are my thoughts on iStock exclusivity in 2017. I hope I’m right and iStock can return to its leadership position on the back of the success of it’s exclusive contributors.

I hope “My Thoughts on iStock Exclusivity in 2017” has been useful to you. Best wishes with your stock photography journey.

City Stock Photo Shoot Explained

I am shooting an extended stock photography series on Melbourne lifestyle. This is a project that I have been running for 2 years now, and is work that I fit in around client projects. With winter looming my client work slows down, allowing me to shoot more stock.

I’m always surprised when other photographers ask me about how I organise and complete these shoots. So here it is – a city stock photo shoot explained.

Step 1 – Finding Models. I enjoy meeting and shooting with new models. I wrote this post about finding models using ModelMayhem, StarNow, or Facebook groups. For this particular shoot I used StarNow (I wrote about that in StarNow My First Experience) where in excess of 200 models applied to be involved.

Step 2 – Finding the Right Look. With each application on StarNow comes a link to the models portfolio. While I had a large number of applicants, the StarNow website makes it easy to work through portfolios to decide on the right look for the shoot. In this case, I went for a young, male, hipster look.

Step 3 – Helping the Model Understand the Style of Image. Step 3 involves helping the model understand what type of images I am trying to create and what they should expect in a stock photography shoot. On StarNow there is a messaging service where you can contact the model. I used this to contact some of the shortlisted models and provided links to a lightbox of similar images and a link to a post I wrote called What Models Should Know About Stock Photography Shoots. I also asked the model to get back to me to let me know if they are interested in the shoot now that they have more information.

Step 4 – Organising Shoot Logistics. For this shoot I exchanged messages with the model both on StarNow and via text message. We organised the shoot to be in Melbourne CBD and met at Flinders Street Station – a destination easily accessible by public transport. I planned the locations we would shoot in advance so that we could get variety in the images we produced during this 2 hour shoot.

Step 5 – Meeting and Confirming Details. When I first meet the model I like to confirm that the model understands the type of images we are aiming to produce. I often shoot to a brief from iStock and Getty Images, and in this case I went through the brief with the model when we first met. We then completed the model release and sorted out payment. With payment made, model release completed, and a common understanding of the types of images we planned to shoot – we were ready to get started.

Step 6 – Conducting the Shoot. When I do stock photo shoots I like to work closely with the model and to discuss what is, and what isn’t, working. I like to start the discussion and feedback early. So I find a location near where we meet to begin shooting. That enables us to get started promptly and for the model to relax. At this first point I review the images with the model and we discuss what we like and don’t like. This helps create a common understanding and sense of teamwork in the images we produce. From there, we work our way around the different shoot locations, reviewing images together, and re-shooting where necessary. After 2 hours we were done, and another enjoyable stock photo shoot was done.

Step 7 – Post Production and Uploading. I like to download all the images on the same day as the shoot. I then make minor post production edits in Lightroom and upload a handful of images to iStockphoto. This is primarily to make sure I haven’t missed anything on the model release and so I know that the image library will accept both the release and the images.

I have never had a problem with my model releases, but if I do, I’m confident I could go back to the model promptly if I need any further information from them.

This shoot was done on a Saturday. I uploaded 5 images that evening, and they were approved overnight. They were available in my portfolio on the Monday morning. I expect to have between 80 and 120 images in total from this shoot for my stock portfolio. I will edit and upload the remaining images over the next few weeks.

Step 8 – Follow Up with the Model. I like to follow up with the model to thank them for their time and expertise, and for them to be able to see some of the final images. In this case, I text messaged three images to the model the day after the shoot, and posted several to my Instagram account where he could also see them. When the entire shoot is available in my stock photo portfolio I will send him a link so that he can see the final images.

And that is a wrap on this stock photo shoot.

I hope ‘City Stock Photo Shoot Explained’ helps you understand the process I use, and will be useful in planning your own stock photo shoots.

StarNow My First Experience

It’s leading into winter here in Melbourne, Australia which is a period where my wedding photography slows down and I spend more time shooting images for my stock portfolio with iStockphoto and Getty Images. In this post I wrote about how to find models for this type of project. In the past I have used ModelMayhem for most of my castings and Facebook groups for others, but I have found them increasingly difficult to get reliable models. For the first time I have posted a casting on StarNow and so this post is to share – StarNow my first experience.

I found the listing process challenging but have had a strong response

What is StarNow?

From their website StarNow’s goal is to “connect talent with casting professionals”. It was started by 3 New Zealanders who were living in London, and today their website has a leading position in UK, Australia and New Zealand, and a growing presence in USA, Canada, Ireland and South Africa.

How did the listing go?

In my previous experience with listings on ModelMayhem the process of getting your casting live is intuitive and straight forward. With StarNow it wasn’t – and I should say, that this was the only part of the process which hasn’t been smooth. Everything except this step has been great.

With the casting, the process is not entirely intuitive (at least not for me!) and I didn’t provide all of the information they required. I then received an email from StarNow explaining this, but it wasn’t clear what I needed to do to meet their requirements and get the casting live.

After several emails over 5 days, the issues were resolved and the casting went live. This casting was for a Melbourne lifestyle photo shoot – I plan to do 20 of these shoots over the winter months.

I have had a very positive response with StarNow my first experience

What has the response been?

The response using StarNow has been very strong. After 3 days I have 193 applications giving me a very large selection of models to work with. This is a much stronger response than I have received with my previous listings on ModelMayhem.

With such a large number of good quality applicants the challenge is going to be to select who to work with! This is a really good problem to have and I’m glad I put this listing on StarNow. So that has been StarNow my first experience. If you are looking for models or actors to work with on your next shoot I’d recommend investigating StarNow.

iStock New Beginnings Week

This week marks the end of an era and new beginnings in the stock photography world. iStock, one of the original microstock sites, is changing the back-end technology used to run its site. What does this mean for iStock contributors? Read more about the iStock new beginnings week.

If you are an active contributor to iStock you will be well aware of the changes going on with the site. You should have received several emails over the last 6 months explaining the changes, the implications, and the timelines. If you are an occasional uploader, then this brief summary might be useful.

iStock changes in February 2017 mean contributors will need to re-plan how they upload and track performance of their files

What’s changing? iStock is ‘retiring’ its legacy uploading system and replacing it with the system used by Getty Images (and also currently used for iStock video contributors).

So what does that mean? It means that – if you have been uploading directly to the iStock site – the way you do that will change from February 2017. You will no longer upload directly to the iStock site, but instead through a Getty Images application called ESP (or Deepmeta or Qhero, more on those in the next paragraph). Between 1 and 3 February 2017 you will receive an email from iStock / Getty Images which provides details for ESP.

What if you currently upload using Deepmeta or Qhero? Many contributors use Deepmeta as their way to upload and track their files. More recently Qhero has been available as a tool to upload your images. The upload process remains unchanged for Deepmeta and Qhero.

Do you really need to know about ESP? Yes, as a contributor you do need to know about ESP. As well as being a tool to upload images, it will also be the place where you find data about downloads and royalties. So, look out for the that email this week, and make yourself familiar with the ESP tool.

What else? If, like me, you are an active iStock contributor the past month has been very frustrating. During the current changes, stats about downloads and royalties have not been available. To a degree contributors have been ‘flying blind’ in January 2017. That all ends in February 2017 when details will be available in ESP. Here’s hoping it is a smooth transition and a success.

Thanks for reading iStock new beginnings week. I hope it goes smoothly for you and that the new world is an improvement for both contributors and buyers.