Wednesday, September 8, 2010

Confusing Road Signs in Stock Photography


Confusing road signs in a night environment for a conceptual stock photo.
The road signs in the stock photo industry are confusing at best and indicate to me the need for diversifying.
Confusing Road Signs And Lots of Traffic
 An odd thing happened today. Almost two hundred visitors made it to my site by searching “confusing road signs”. Normally the most people making it to my site on any one search is on a given day is seven or eight…and usually searching “John Lund”. I delved into it a bit and found that the traffic was coming from Yahoo where one of my “confusing road signs” was on the first page of image search, and another one on the second page.  So what is going on? I have no idea…but if any of you do I would love to hear about it!

 iStockphoto and Changes in the Microstock Leader
Another confusing set of "signs" if you will is the new announcement by iStockphoto of the changes they are implementing...raising prices, lowering prices, lowering royalties and adding new collections. I tried to figure it all out...but gave up. The best synopsis I have seen is by Sean Locke on his blog. I think the immediate message I get from this is the importance of diversifying...and long term the importance of building up your own brand and presence on the web. 

Getty, Fear and Inevitable Changes
There has been a huge outcry from the iStockphoto community and a lot of it takes me back to bygone days and negotiations with Getty and the fear we had of RF. Some pretty vitriolic stuff. I feel badly for a lot of those who apparently are going to be hurt...but none of this is really good or bad...it just is. And the challenge for us stock shooters is how to cope with these and other inevitable changes and how to look ahead far enough to see how we can ride the waves of change rather than get drowned by them.

Diversification...Now
For me that has been diversifying my collection, my distributors, and my business models. I am contributing to Blend (a diversification in itself), Getty, SuperStock and Corbis. I am participating in RM and RF...though it took me a long time to jump into RF. It is why I am working on projects such as my Cafepress.com undertaking and working on creating a web site that gets my images in front of as many people as possible. I am reluctantly tweeting and facebooking...and, obviously, blogging. It is slow work...all of it. That is why it is better to start diversifying now rather than later...and to take a long term approach to success. BTW, I once made an image of all your eggs in one basket...and in four or five years it has only sold once...go figure!











Tuesday, September 7, 2010

Microstock Moneyshots: Ellen Boughn's Book Reviewed

Micro dollars can mean micro payments, micro loans, or a host of other money concepts including cash flow and venture capital.
Ellen boughn's book Microstock MONEYSHOTS us a must read for anyone considering entering the stock photography field.

Ellen Boughn is as knowledgeable about stock photography as anyone alive. She started my own stock career over twenty years ago when her agency, AfterImage, began handling my work. She sold AfterImage to Tony Stone and went on to work in every aspect of the stock business. She knows her stuff. So when she wrote a book, Microstock  MONEYSHOTS, I bought it, even though I am not involved in the Microstock market.

MONEYSHOTS is a quick and easy read…and if you are new to the world of stock photos then I don’t think you could buy a better primer. I have been deeply involved in the stock photography business for over twenty years and I still picked up a few tidbits. There are all kinds of nuggets in this book…and often I found myself saying “Oh yeah, I’d forgotten about that!”.

Interestingly enough, it was the photography in the book that really grabbed my attention. Anyone who still thinks microstock means poor quality is badly mistaken…something quite apparent just thumbing through the book...the printing quality of which, by the way, is excellent.

If you are embarking upon what you hope to be a successful career in stock photography then I highly recommend buying MONEYSHOTS and using not just the suggestions and tips, of which the book is full of, but also using the photography as a yardstick by which to judge your own. In this new insanely competitive stock photo world you have to focus on images that have the highest production value and are also concepted and crafted to fill the needs of the marketplace, something Ellen both tells us and shares with us in the visuals.

For old pros that want to understand micro stock a bit more this could also be a handy book. But if your only solace in regards to micro is a perceived lack of quality, you might not want to pick this book up after all!  For the rest of you though, I highly recommend it...thorough, easy to read and full of good tips.

For more information and to get your copy: http://www.ellenboughn.com/microstock-money-shots-the-book

Thursday, September 2, 2010

Gatekeepers, Responsibility, and Stock Photos

This menacing looking bouncer represents adversity, challenge, security and the gatekeeper.
The time has come for stock photographers to become their own "gatekeepers"!

 Gatekeepers and Responsibility
“Someone is going to be the gatekeeper, and it should be you.” Seth Godin. I read that a couple of days ago in Seth Godin’s blog (how does he come up with such great stuff day after day?). I think this is especially true for stock photographers. Being your own gatekeeper is not easy…and requires that you take responsibility for your self.  For me, it means working every day to give my images as great a chance to be seen by those in need of them as possible. It means getting my images in to stock agencies…which is were the bulk of the money is. But it also means getting images up on my site where I can add to the audience. 

Image Searches And Agency Links
Today, as I write this, 19 people have conducted Internet searches for Images that have brought them o my site…and have then gone on to the agencies that carry my work (a whole lot more made it to my site but did not follow a link to an agency). While I don’t know what percentage have gone on, if any of them have, to license an image, I do know that overall some of them are doing so. I know because every once in a while I am contacted directly when a link isn’t working or they want additional information on an image…or even sometimes when I get a compliment on the image and how perfect it was for their needs.

Animal Antics, Restrictions, and No Guarantees
As time goes by I am adding more and more images to my site that are not handled by an agency.  My Animal Antics (funny animal pictures) images I am increasingly handling myself. I recently had a conversation with a Getty executive who informed me that even though I have greeting card restrictions on some of the images, they can’t guarantee that those restrictions will be enforced. Gulp!

Greeting Cards, Royalty Percentages and Time To Negotiate
Plus, when I license a greeting card image for a royalty percentage, I stand to get a lot more revenue than a one-time fee through a stock agency. It is a trade-off. Without the agency, at least for now, way fewer people will see the image…and I have to take the time to negotiate…something I am not really well suited for! Oh well…at least I get 100% of the fee!

Gatekeepers, Hedging Bets, and the Internet
Ultimately my point is that it is better to take responsibility for your own success than to hand it over entirely to a “gate keeper”. Yes, I am playing the “gate keeper” game, and expect that stock agencies will always be a significant part of my business, but I am also hedging my bets on this new fangled thing called the Internet. I think it is going to be big…really big!


Monday, August 30, 2010

Long Tailed Key Words and a Tidal Wave of Money


Pictures of money; a tidal wave of currency and coins surges over a sea of cash.
Long-tailed key words are the key to success in generating traffic to monetize stock photos on the Internet.

Searching The Internet For Images...and a Tidal Wave of Money
Every so often I spend a little time searching the net using phrases that ought to bring up one of my photos…a little research as to how things are going and if I can learn anything new. Just now I searched the phrase “Tidal Wave of Money” knowing that I have such an image and that it has been up on my site for a couple of months…long enough to probably have been indexed by Google and other search engines. This is a great example of a “long tailed key word”. Fewer people will be searching for that term, but the ones that are searching for it are more likely to license it when, and if, they find it.

The First Page of Web Search...and Imagekind.com
I was pleased to see my image on the first page of the web search (in position number eight). But I was surprised that it was a link to my image at Imagekind.com. Apparently it does pay to have images on Imagekind, not just for print fulfillment, but for gaining visibility on Internet searches as well!  Perhaps it is because that Imagekind.com is such a larger entity and therefore carries more weight, that the image shows up earlier on the web search at Imagekind than the same image does on my own site…even though it has been up longer on my site.

Image Search...and More Money Images
Next I did the same phrase using an “image” search. This time the image showed up 14th on the first page, linked to my site.  Two more of my other money images showed up later on the same page…both on the Imagekind.com site. By the way, I have started using the watermarking provided by Imagekind.com on the images I upload there…and with this kind of visibility I am glad I am doing that…though I wish their watermark was even larger!

Bing.com and Number One In Image Search
Next I did the same search at Bing.com. This time my web site came up number eight, but no sign of Imagekind.com. When I did an “Image” search my image came up number one at Bing...and again no sign of Imagekind.com. The same searches on Yahoo resulted in no trace of my image for the first five pages of web searches…but yet again number one under “Image” search.

Quality Content, Long Tailed Key Words and A Lot More Money!
What do I make of all this? Uh…keep plugging away. I am growing in confidence that with enough consistent work on getting quality content up on a site (and sites like Imagekind.com and CafePress.com) sooner or later (probably later) I will be generating the kind of revenue that I used to make in the heyday of stock photography. Actually, I plan on making a lot more (a tidal wave of money you might say…)! I am also more and more convinced that long-tailed key words, and lots of them, will be more important than ranking highly for single keywords.  The only way to get huge traffic numbers with long tailed keywords is by having lots of well-key-worded content, which means you will have to excuse me…I have a lot of work to do!








Friday, August 27, 2010

A Photographer's Rant!


Businessman Communicating using a bullhorn or megaphone from a mountain peak.
A photographer's Rant: Sometimes you just want to get your voice heard!
The following is an actual  "Rant", if you will, from a photographer who posted it on a forum I am involved with. He agreed to let me share it on my blog provided he remained a "man of mystery" So be it.

I've transitioned into stock from assignment work and this year (2010) I've not shot any assignments at all. The world of assignments for me became a place of extreme stress and frustration as the new blood with their kit DSLRs and Clickpic websites flooded the market over the last few years with not a care in the world about licensing or copyright or charging anything like a workable fee just so they could get "in print". They have generally undermined the licensing business model so that I now get prospective clients telling me "I'm" unusual for not handing over copyright....!


What I can't stand in the modern advertising assignment world is how we photographers are essentially squeezed from both sides. We have to almost beg to get assignments, or offer up 20% to a rep, advertise in ridiculously expensive source books to be seen as 'hip', enter ridiculous competitions that the organizers extend deadlines on to maximize profit, yet that never lead to any real meaningful work. We have to run round with three or more ridiculously expensive snakeskin/zebra/armadillo bound 'folios' available at all times with our work printed on dried virgin's skin just to impress some acne-ridden twenty-something with the title of "creative director".


If he does commission us we have to fight unrealistic budgets, give away unrealistic rights, jump to someone else's timetable, work with pretentious a-holes on set and deliver work to unrealistic deadlines. Then we have to wait 90 days to get paid. Oh, and we have to be super grateful too.


The turnover can look good but the profit margin is the real story.and what cost to us of all that hassle and built in jerk-factor?


When I entered our illustrious industry it was partly because I enjoyed making images and partly because I enjoyed the idea of being my own boss. I found that increasingly with assignment work I lost the enjoyment of making images and I was never really my own boss. I found that client loyalty existed as long as the next estimate and if someone else was cheaper well.... you all know the ending.


With stock production I am, as much as can be expected, master of my own destiny. I can shoot when I want, take a day off when I want, and arrange my own productions so I can maximize profit. I treat stock as a pure business model and simply put, I shoot for money not pleasure. I have always said that if I could find another way of leveraging money from this industry I would do that too. This may still come. There's so much naive blood out there coupled with rich hobbyists that there's got to be money to be made. Good luck to the Chase Jarvis's & the Vincent LaForet's of this world, they've realized that for us all to survive we've got to do something alongside making images for a living. Lectures, apps, DVDs, seminars, courses, the list is endless.


While prices may be falling I'm a relative newbie in stock (3 years seriously and 5 years altogether) so I'm still working out what works and what doesn't. I wasn't shooting stock in the glory days so for me any sales are good sales (apart from PA of course...;)). The more I'm images I'm placing the more money I seem to make. So I'm continuing for now along the same trajectory while simultaneously reducing my expenditure as much as possible.


Success is a goal that each of us sets dependent on our expectations, our needs and wants and what we think is achievable. For me, being able to live by making images, or talking about making images and being master of my own destiny is a measure of success. I count myself lucky that I can pick up a camera and earn a living without having to be a corporate cube-farm slave like many of my friends. Sure they make more $$ than I do but...are they happy???!! ;)

My comments:  Where did he find a rep that would only take 20%?!!!

Thursday, August 26, 2010

Stock Photography and a Nine to Five Job

A businessman juggles time in the form of an alarm clock, a clock, a stop watch, as sun dial and an hourglass in a stock photo about work, time management and deadlines.
No matter how you juggle your time, a stock photo career will require a lot of it!

Stock Photography and a Nine-To-Five Job
A lot of times you hear photographers saying that a photography career is way better than a nine-to-five job. I don’t know about them, but for me to achieve success as a stock photographer has required not a nine-to-five approach, but more like a eight-thirty to seven-thirty approach…or something similar. No matter how you juggle it, and whether you work better in the morning, or better in the afternoon or better at midnight, stock photography, as a career, requires systematic, consistent dedicated time…and a lot of it.

The Worst Is Behind Us…Maybe
I used to think I was going to get rich from stock…that was back twenty years ago when I would bring in $10,000.00 a month off of a hundred and fifty or so images. Now, of course, things have changed. I think, like a new car that has just been purchased and driven off the lot, the worst of the drop in stock photography value is behind us. We are settling into a new paradigm…micro stock prices are going up, RF and RM have taken huge drops, and none of the industry looks quite as rosy as it once did…even to a lot of micro stockers.  But perhaps the worst is behind us. I still very much believe that I can continue to make quite a nice living from stock photography (actually, a part of me is still planning to get rich at it...what gives with that?). But to do so will probably require that nine-to-five mentality…at least in the sense of having the approach and the discipline to regularly produce images and to produce images that are both unique and needed in the market.

Diversification and Regular Investment
In the other “stock” world, financial experts counsel diversifying and contributing to your investment regularly. The same advice applies to stock photography. To be successful to the point where you can earn a good living requires consistently producing images day in and day out…in researching the market to understand what to create, where to put it and in what business model...and so forth. I am always planning ahead, by at least a couple of months. Right now I am setting up a November shoot in Thailand. I have already shot the raw materials for the next two weeks worth of imaging, I am planning a shoot in three weeks that also involves motion, spent yesterday shooting images and getting props for photos that I probably will be able to start imaging on in a month or so…and oh yeah, I am kind of double-booked because I have enough greeting card images in the works to keep me busy through the end of October!

Being My Own Boss.
It isn’t just me either. A great example of a tremendously successful stock shooter who approaches the business with discipline and consistency is Tom Grill…who has told me that he plans his shoots a year in advance!  Everyday I think to myself how fortunate I am to be my own boss and to get to work when I want. Then I get to work by 8:30 in the morning and leave for home by 7:30 in the evening. When I get home I usually end putting in another hour or two of internet work before the evening is over.  In addition, rare is the week-end that doesn’t see me spend at least a half day working.  But hey, the number of hours I put in pale compared to the likes of another extremely successful stock shooter, Colin Anderson...who makes me look like a slacker!

What It Takes To Succeed In Stock Photography

That is what it takes to succeed in stock photography. Treating it as a business…with discipline and consistency. It takes putting your heart and soul into it. Succeeding in stock photography is not for the feint of heart. It requires monetary investment, faith that what you are doing will work, and huge amounts of time and energy. And I can’t imagine doing anything else that would reward me as well or satisfy me as much.

Friday, August 20, 2010

Twenty Months of SEO and Monetizing Photography

A man makes a splash as he jumps from a balcony into a pool exhibiting risky behavior.
Even with a bad sales report the only reason I might be tempted to jump from a balcony is to make a splash!
Getty, Corbis and Abysmal Sales Reports
My Getty and Corbis royalty reports this month were both abysmal…the lowest in each case in a decade. Now I consider myself a pretty optimistic person, but even for me that is something that makes me sit up and take notice. Am I tempted to jump off a tall building? No…unless there is an inviting swimming pool below. Mitigating factors include the fact that the previous two months at Getty were pretty good for me, and that June found my sales at Blend being very good. But still, my Corbis monthly drop was truly spectacular and my Getty drop was down to half of what is normal for me. Yikes!


Creativity, Action and Depression
Strangely though, I don’t seem to be depressed. Which is really good because depression is the biggest enemy of creativity and action…the two things that we need most in challenging times. In trying to understand why I am not depressed I first realize that I know that my income will rebound…it always has…and that it isn’t time to panic. As I mention, my Blend income is looking good and overall I have been producing some of the best images of my life. I have robust and diverse distribution. Also, I am really glad I started SEO on my website almost two years ago.

Monetizing Imagery, Time and Effort

Ultimately I believe that the best insurance against the demise of the stock industry as we know it is a strong presence on the web in order to monetize our imagery in as many ways as possible. My experience is that it is a painfully slow process…but that it will work. In my recent interview with Rolf Hicker, who is making such an effort work, he points out that what it takes is a huge expenditure of time and effort. That is also borne out by the other people I know who are profiting from the web. Overnight success only comes after years of hard work.


Twenty Months of SEO
Let’s take a look at where I stand after about twenty months of SEO efforts. I started with about one person a week visiting my site. This past week I have had over 600 people a day for at least Monday through Thursday. Not bad…but nowhere near where I want to be. I am earning somewhere around $6.00 per day on click through advertising. In the last year I sold about $1,200.00 dollars worth of prints through Imagekind.com. Not particularly good, but better than the zero dollars I earned before I started this effort. At CaféPress, sales of photo imprinted gifts such as coffee mugs, mouse pads, and other gift items, has reached an average of about one sale a day. I guess can’t quite retire yet! My new “funnyanimalpix” blog is up to a whopping 20 visitors a day. Hey, it has only been about a month now! Most importantly, I am getting around twenty people a day who find an image on my site and then follow the link to the agency that handles that particular image. I have no way to know how many actually license an image at that point…but I know some do because I have occasionally managed to talk to some of them…sometimes when they contact me directly to try and get a better price (which they can’t). Keep in mind that for the above figures, it seems to be that the summer months usually finds a visitor drop-off of 20% for website traffic.

Three to Five Years and Decent Money
From the above it seems reasonable to me that if I can get six thousand visitors a day instead of six hundred, I will be making some decent money…mainly from increased stock sales. I totally believe I will get there, but I wouldn’t be surprised if it takes me three to five years more. In the meantime…hey, at least this industry isn’t boring!

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