Ugh Shutterstock Whyyy? - New Earnings Structure & What to Do About it
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- Опубліковано 10 вер 2024
- LINKS MENTIONED IN THIS VIDEO -
- Sign the Petition: rb.gy/2w70kp
- Sign Up with Wirestock: bit.ly/wirestoc...
- Sign Up with BlackBox: www.blackbox.g...
- How to Deactivate Shutterstock Account: rb.gy/fgwsnj
- New Earnings Structure: www.shuttersto...
- Old Earning Structure (May be taken down after 6/1/20): submit.shutter...
- Consumer Subscription Plans: www.shuttersto...
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We all know how hard it is to come up with passive income ideas 2020. Any type of residual income from sources like Pond5, Shutterstock, and Adobe Stock are few and far in between. If you've been learning how to sell photos online, are new to learning how to sell photos on Shutterstock, and currently on the path to make money with stock photography in general, this Shutterstock update to their earnings structure may or may not take you by surprise.
The change in the Shutterstock earnings tiers is nothing new in this industry. As a Shutterstock contributor, we can share our thoughts on the Shutterstock new announcement regarding the Shutterstock payment structure.
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Sign the petition here - www.change.org/p/shutterstock-object-to-the-decline-in-shutterstock-s-contributor-earnings
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Anything else we forgot to mention? Anything else we could be doing? Post a comment below!
Petitions are a waste of time. The bean counters at SS could not care less about a few hundred signatures.
Boycotts are a waste of time and money. SS has already taken this into account and could not care less.
The only thing that will make a difference are those with huge portfolios of 200,000 or more. If these people stop uploading and move to another agency or create an agency of their own then Shutterstock will sit up and take notice.
In the mean time photographers will have to do what they have to do.
Taking your portfolio down is stupid. Why eliminate an income stream, now matter how meager. The photos are already there.
Disable your port if you have to.
If you continue to upload to SS then you have to figure that any money you spend in creating your work will probably not be recoverable with the new rates.
NO new props, NO new equipment, NO trips. Not even in town.
You can't get your money back at 10 cents a picture.
The levels are fake. They are a rip off.
I'm a level 4 and most of my pictures get me 10 - 17 cents. Just like beginners.
@@joegrossinger3381 that is so frustrating. :(
This is a bad time for all of us, specially when we are looking closely into Google Trends comparing Pond5 / Dreamstime / Shutterstock / Gettyimages / Adobe Stock
Then you understand that making money with the rests is very hard. I see only one solution for the situation, Building a social stock website, making a parallel campaigns:
1. Telling all the contributers to join the new place and earn a fair comission.
2. Tell customers to come and buy on a platform that is not exploiting contributors.
That is the only vision I can see, after the shift Shutterstock did with actually burying their contributors.
Start one! Let us know about it. :) Sounds like it would be awesome!
There is only one solution. Delete your images from SS.
Yeppp.... we're thinking about pulling them and uploading them again through a different company to try to get into a higher earnings tier.
@@jdandkylestock3482 that's not enough. Because you're still going to end up legitimising their move. The only way to move forward is to ACTUALLY boycott them. Move to a platform that values you more.
That would be a really stupid move.
Why do you want to eliminate an income stream, no matter how meager?
Disable your account if you have to be leave your port alone.
Suppose all the blow back on the new rates causes SS to change their mind?
There you will be with zero images.
@@joegrossinger3381 No, that's the only right move. I'm done with SS. I don't care if they change the rates again.
As a community, we should stop uploading any new photos or videos to
Shutterstock. This will either teach them a lesson, or there will be
another #1 microstocker site soon. Share this and #boycottShutterstock
I've decided to carry on uploading to Shutterstock for the time being, but I will only give them 3000 resolution images, which they're welcome to sell for 15c. If a buyer wants a full resolution image of mine they will have to go to Istock, Adobe and Dreamstime who will all get my full resolution images. I don't sell a lot on Dreamstime but a big shout out to them as they've increased the contributors share by 10% for the time being
That's an interesting strategy Tony! Super curious to see how it pans out for you. Please let us know if you notice any crazy changes. We're trying to make our workflow as easy as possible, so waiting to see how the month of June pans out. And yes, kudos to Dreamstime for upping our earnings by 10%, even if it is temporary. It's a very nice gesture from them.
Doesn't istock pay non-exclusive contributors only 15%? How is that any better?
I think this a bad decision. This show Shutterstock and other stock sites that they can do what they want. Many buyers don't need images with full resolution since the images are mostly used on WEB. My advice is to disable/delete your account.
This is from recent, public SEC filings. During the week when you're groveling over 10 cent commissions:
Stan Pavlovsky, CEO, takes home $700,00/year plus tens of thousands of stock options.
John Oringer, Founder, sold 46,573 shares for $1.7 million, June 1-3, 2020.
Peter Silvio, CTO, was given 2,028 shares of stock on June 1, 2020 with a value of $75,000.
Dreamstime tweeted they are giving us 10% increase starting June 1st
Seriously?? O.o
JD and Kyle Stock they posted on Twitter yesterday
I think the best thing to do is to disable your images on Shutterstock. If Shutterstock does not goes back to how it was I would delete my portifolio. If you don't do this other Stock sites will follow Shutterstock and lower their prices too. To prevent this to happend it's important to show that they will lose contributors and good images. My advice is therefore to leave Shutterstock. It will be a large job to put the images on other sites, but I think it's smart in the long run.
Great video. Well explained!
Thank you Nicole Glass!!! Omg I'm fangirling so hard right now! 😍Thank you so much for commenting! 😘😘😘
@@jdandkylestock3482 Of course! Your video is well thought out. Great points about Blackbox too. :)
@@NicoleGlass Yepppp check out Wirestock as well if you haven't! It's the same as Blackbox but for photos. And for their 15% cut, they also do your keywording for you (for commercial images)... if that's something you want to let go of.
JD and Kyle Stock just starting on Wirestock and Blackbox. I really like it.
Just had the first $0.16c sale on the 1st of June, having not had a sale on a very small portfolio for just over a month. That excitement of finding out someone wants my image turns into a kick in the teeth!
Yeppp sorry to hear that. Congrats on your first sale though! We just got a $.25 sale today.... I thought it was weird..... Was wondering if they hadn't started the new earnings structure yet after all....
Thanks guys. Interesting information as I'm just starting to look into selling my videos/photos. Hows sales numbers looking in Aug. 2020? How much this new pricing structure has benefit or hurt you guys.
I have an idea that can ACTUALLY work, how about all Shutterstock Contributors become shareholders of Shutterstock (SSTK is the ticker symbol). When you are a large shareholder in a company you have a MUCH larger voice. Now will one person buying the stock at about $60 per share have an impact? No. But if all 100,000+ contributors invest and buy their stock, WE as a larger collective WILL have a say.👍
Shutterstock is publicly traded and we alll know these large companies listen to their shareholders over the employees or independent contractor (i.e Shutterstock Contributors)....🤷♂️🤷♂️😉
Just when I was starting on stuttershock
Kevin I'm sorry to hear that! :( Definitely check out Wirestock/ Blackbox if you're looking to get added to a larger portfolio and get larger earning percentages faster!
Well, we're waaaaaitiiiiing!
Calling us out!!! Ahhhh!!!
Game theory says that no one or almost no one will give up some earning to receive NO Earnings, so shutterstock wins. The only way this can actually work is if contributors have bargaining power and since millions of people can't be united into a bargaining unit, shutterstock wins. The only thing that might work is a class action suit because shutterstock used contributor images to train their AI without remuneration or ability to opt out. This is recent. Class action law suit.
Hello ..
I am a commercial photographer. And I have been uploading photos on 10-12 stock websites for the last 3-4 months.Only 8 of my photos were sold on Shutterstock. Please tell How to increase the sales of photos. What kind of photos to upload
Amazed by your retention of detail and the excellent options you provided. Not easy with such a heated subject. Well done.
Thanks Andrew! Yepppp we definitely needed a day to calm down first before making this video before we could approach it a little more rationally. :/
It would be nice to put a dent in shutterstock's stock value so other stock companies would have less incentive to follow them in this reduction to near elimination of contributing artist incentives. Shutterstock, Inc. (SSTK) let's all give their stock a helping hand down, it is possible to boycott shutterstock for a time. I know some of you can't lose the pay even if it is much less, most of us use this as extra money and we can move or just quit so if you can't drop shutterstock turn off your account on the first of the month for a few days so you have some voice in this. Keep it off for as long as you can afford to or in the end you will be getting 10 cents for each sale, oh yea that is what's happening now right.
Tell everyone sell (SSTK) fast, Maybe we can discourage this Reboot to the bottom every year and 10 cents a pic my bleep!
Yeppp..... The thing I hate about this the most is feeling helpless. :(
Helpful video! Thanks for your insight!
Thanks Olly! And thanks for the subscribe! Love your videos.
We need a new video missing you guys
Awww Jaidev! It's coming! Sorry we've been really dragging our feet on this lately. 2020 has been an insane year for so many reasons! Hope you're doing well!!! We'll have something soon! ❤️ Thank you for your kind words of encouragement!
@@jdandkylestock3482 How are things going lately on the stock sites? For mine, I'm still getting pretty good months all things considered (ie: Price structure change, economic fallout of COVID-19 etc).
Hi Guys, will you be uploading more videos to this channel?
Stop contributing photography. Only contribute video. Even under the new earnings structure, my Shutterstock video $$ earnings have drastically improved since I've grown my video portfolio to 400 clips.
That definitely seems the way to go!
I was thinking that I was getting on level 1 by the the end of may 2020, but for this year and the rest of the year I am earning the % for the current download step I am on right now. That is the only "fair" thing for this year: I found this message on peta pixel: The article initially stated that users would be downgraded to “Level 1” on June 1st. In fact, they will be assigned a level based on their “download count year to date.” They will not be “reset” to Level 1 until January 1st, 2021, unless they have less than 100 downloads in 2020 so far. So FYI at all.
Yeaaaah I think that June 1 reset was a typo. We saw a lot of confusion flying around about that initially, but I think the reset only happens 1/1. But I guess we'll see! Couple days away now...... :/
I guess you guys threw in the towel? I am posting this in December of 2020.
Even if you're a tier 6/Level 6, you can still get $0.10 per image. There's a subscription plan that allows that. I'm Level 4, and I'm still getting $0.10 for many images.
This is just brilliant guys. Thank you.
Thanks Adam! Good to hear from you again! Let us know if you think we missed anything. :)
And I am the 700th Subscriber
Sravan you are amazinggggg!!!!! ♥️🥳🎉🥂
A year has passed. Still profits over people with Shutterstock :(
Hmm - Just had a video sale for $5.25 on shutterstock. Not excited about that
Just delete port and reupload via wirestock. You get 33-34% all of the time and that's the best you can get if you're not professional stock photographer with 10k+ images.
Yaaaaassss!!!! We were wondering about that too lol! We also have a separate portfolio on Wirestock right now. We hadn't thought about deleting our current content through SS and reuploading. Clever idea though!
@@jdandkylestock3482 That is a very good option, but SSTK allows you to delete specific content? Some other sites like DISSOLVE do not allow that, after 5 years you can delete your content.
Doing this for two years. I am at the level that i sell around 200 photos. In the worst scenario that will be 20 dollars. I mailed i would stop uploading at SS. I have stopped posting on SS. I wait this month what the pay will be
I think we're all waiting with baited breath to see what will happen! I think it's crazy they haven't said anything back to us yet....
@@jdandkylestock3482 Today selling some photos like usualy it looks like the people who want to be cheap buy.
Day 4 : Just closed my account. I see all those greedy people including SS. SS The use their name not for nothing because of WOII. Is see my "beautiful" photos been sold for 10 cts. The 19000+ photos and 1300+ videos. Those greedy people who want cheap stuff. But is took months to get everything uploaded
i think this change is a positive one. my earnings from subcriptions where never this high. i got 60-90 cents per subcription download wich usualy was 33 cents becuase of tier 2. but i also got some downloads in the other section for about 10 cents each. i dont know what a on demand download will earn me or selling special liscenses. anyhow shutterstock said this change should help out the new and more little to average contributors.i yet have to see ofcourse :P
Yepp I think we're all just waiting to see. We made our fist $.10 sale yesterday! Lol. Siiiighhh. Curious to see how this pans out. Hope you're doing well @Charlotte's playground!
I'm not sure how this is going to effect earnings. i think the new contributors and the one with low sales or selling video will be effected the most. i heard the lowest royalty you can get will be 10 cents now. how ever i got level 4 image and lvl 1 video. i dont sell many videos on shutterstock so it doesnt matter that much. how ever if it resets every january your probebly in for some crappy months at the begin of every year.
Congrats on your Tier 4 though! That's great. We're crossing our finger and hoping they'll go back on resetting everything 1/1! Hope you're doing well - glad to hear from you! :)
Hello guys, are you going to make a video update about your earnings and experience?
Yes! Our next videos coming up will include - how corona virus has effected our earnings, our 1 year earnings report, Wirestock review, and then we're planning to continue with our monthly earnings reports updates again! :) Let us know what you're most excited about and what you'd like to see us pump out first! 😊
JD and Kyle Stock thank you! I’m looking forward to learn about your experience with selling footage on Pond5, Sutterstock and Adobe :)
@@anash1501 we're so new to video, we really don't know what we're doing!! Lol. Photo is more our bread and butter... And yet we've made more $ from our video sales this last year than our photos. It's kinda crazy. Especially when we have 10+ years of photo experience and like 5 minutes of video experience! 😂😭😂
@@anash1501 here's a link to our playlist with our last monthly earnings reports we've done!
ua-cam.com/video/9ebPVhcckJ4/v-deo.html
JD and Kyle Stock I watched lots of your reports and enjoyed them much!) thank you!
It is much worse than they say. My portfolio had at least some 2.70$ purchases every week, and at least a 50$ purchase every 2 months. This is all gone. As far as I can see, my income has dropped from more than 200$ per month to 20/30$ per month. This is not worth the time to copy/paste keywords. I will put my time where it is profitable. RIP
an off camera microphone 15$
Noted! We're planning to change our set up a bit the next time we're filming! :)
I'm so disappointed with Shutterstock 😐😐
Us too Waseem. :(
Rachel Lerch has pulled her stock.
Nicole Glass is reviewing options (and making videos about them).
Are you going to publish another great video in the near future?
Hi Karl! Yes! We are planning to start getting content out again fairly soon! :) If there's anything particular you'd like to see from us, please let us know.
@@jdandkylestock3482 I guess that there are hundreds of people waiting for your next report video (I know I am) :)
@@karlanderadami3004 yaaaassss!!! Sorry for the delay!! We're planning to do a 2021 6 month update. Also curious to compare to previous years now that we have that data. :) Are you guys still interested in hearing about 2020? Figured it might not be relevant anymore!
@@jdandkylestock3482 although it's not relevant anymore, it would still be interesting to hear how much time did you invest after the big SS news. Were any highlights and what plans did you have in 2020 for 2021?
Lol after SS dropped their big news, we kind of dropped it for a while... Didn't feel like contributing for a while. We're slowly adding to our portfolios again, but only from our sessions we've already been hired to shoot. We're not really making much in the way of unique photos just for stock anymore. That and we're contributing more to Wirestock now as well.
I have been doing stock photography for over 30 years. This is the biggest hit I have ever see in this industry. I have to disagree with you analysis, deactivating your account will work the best, letters will not make a difference at all to a CEO who is making 5 mil. A year. The problem is getting all the creators to agree On One Direction. And that will never happen, because shutter stock has over 1 million contributors all over the world. Getting that many people all on the same page will be a daunting task to say the least. So large corporations will dictate the rules and people will scurrying around making pennies on all of their hard work. If any of us keep submitting to this company, I guarantee you others will follow suit. Because they will need to compete with shutterstock and there low prices. Good luck to you in all your endeavors.
Oh wow! Thank you for your incredible insight! That's crazy this is a bigger hit than anything else you've seen in the industry! Wow. I had no idea it was that crazy! We are very new to stock and don't have the first hand knowledge/ experience that comes with decades of perseverance! Scary times indeed.
@@jdandkylestock3482 Thanks, it is scary times in the stock industry. I will be doing some more videos videos on the subject, that's for sure. Thanks for all you do.
Nice job "Shitterstock" Nice job!
yeppp.... It's incredibly frustrating.
I love your solo videos 😉😀🤩🤗
Hehehehee they are just for you 😘😘😘
can i start to cry?
Thanks mam...
You're very welcome! Thank you for your comment!
Less competition 👍🏽
How do you figure?
JD and Kyle Stock people are talking about pulling their content, as far as the comments I’ve seen from similar videos.
@@zjgvergara ahhh i see. Yeppp.
damn for real 😥😫
I just upload my first picture to it today
YG, I'm sorry that sucks. :( Are you uploading to multiple places like Adobe stock, dreamstime, etc?
@@jdandkylestock3482 Just in Adobe Stock and Eyeem
So, it’s time to contribute to Dreamstime?
Yepppp it's time to contribute everywhere! Adobe, Dreamstime, Wirestock, all those places! If you need help figuring out how to upload to to multiple companies at the same time, we did a video covering 4 different ways to upload your images/ videos to tons of agencies at once! ua-cam.com/video/svLHXyZTk7M/v-deo.html
JD and Kyle Stock thanks!!! I am already a contributor on adobe and pond5 :)
Adobe , Dreamstime, Alamy
Great video... Just out of interest, are you guys on Instagram?
Richard, funny you should ask that! We JUST created an instagram for this UA-cam channel. Meant to share it in this video but forgot to mention it! It's @jdandkylestock. We're planning on posting there when we share videos there as well as any other small insights we stumble across. :) Our main instagram for our wedding photography (if you happen to be interested) is @jaimiedeephotography
Thanks, I'll be checking you out 😀😀😀
wow, looks like you quit
does Jesus eat donuts?
Excellent question. That question keeps me up at night too!