So by now most of you know that Bigstock is no longer BigstockPhoto and 123RF has also redesigned.  I’m surprised for a few reasons:

* Shutterstock (who owns Bigstock now) said the redesign proves they want to move forward with BSP.  What’s the idea of that?  Just keep stock photo buyers happy?  I like it but I wish they’d let us submit to one place and distribute on both networks.  I have many images on BSP that aren’t on SS – I’d like them combined.

* Both 123RF and Bigstock went for the black/white/grey look.  Very simple, clean, easy designs. I’ll be honest – I like both.  But they look VERY similar now!

I’m glad stuff is where I’m used to finding it, somewhat.  Bigstock’s bulk tool seems to be gone, replaced with a much better one at a time engine.  Still wish it worked more like Canstock or even SS.  Submissions are so much easier at those places without the “delay” of javascript.  I don’t want smooth transitions – I want SPEED.

Bigstock listed a lot of new changes here.  I want to look at a few more closely.

• A new and enhanced search engine (interesting – will have to search my stuff later)
• Additional search engine optimizations for Google and others
• Improvements to the collection: checking metadata and enhancing the search algorithm

I’m interested to see how their changes play out.  I would love for BSP to kick it up a notch and remain a player, even growing.  We just saw IStock kill StockXpert and the contributor side of that pretty much sucked (told you I’d be honest!)  I would be grateful and glad to see Shutterstock market and push Bigstock for one-off downloads.

As far as 123RF, their official twitter (does Alex run this ship?) says “The redesign of 123RF is NOT the END, it’s only the beginning!”  I sure hope so!  I’d like to see the beginning of shorter wait times for reviews, less of the truly bad “poor lighting” rejects and of course more dollars and cents.  PS: Note to 123RF, fix the “Check FTP uploads” screen – it doesn’t scroll right.  It looks a right mess.

What do you think of the changes?  Good, bad, indifferent?

Ok so the previous record for funniest rejection reason belonged to Dreamstime for an image that had people in it but no visible faces.  I wanted to stay safe and therefore uploaded the model releases for those subjects as I had releases for everyone in the photo.

Rejected: No model release needed.

Now that’s hilarious stuff.  I’m impressed with the high comedy of a rejection for adding an extra release to an image with those people in it.  However, today, all has been surpassed.  In fact, I’m not sure this one from Shutterstock can EVER be topped.

Not approved. Reason: Approved.

Now it only took me a minute or two to realize “OHHHHH I already submitted the same image!”  That’s so rare for me that I make this kind of mistake I was in shock!  I have a very good organizational system and so it never crossed my mind.  But Not Approved: Approved.  That one made me laugh a GREAT BIG laugh!

Ahhhh!  I love this business.  Thank you funny reviewer.

I’ve made many changes in the last few months to my microstock direction.  I went from mostly models over white and travel images to food.  It’s been a HUGE leap but one I think will be very successful after the results I’ve seen thusfar.  Now that I am back to work I’ve also eliminated and added some agencies.  Some non-producers are gone and others with a somewhat plausible future have been added.  I thought with all the change it would be a good time to post exactly what I’m doing now.

123RF 4.7% of income, best month was January 2010.

Bigstock 4.2% of income, best month was August 2009.

Canstock 2.8% of income, best month was April 2009.

Dreamstime 17.4% of income, best month was July 2009.

Fotolia 7.3% of income, best month was March 2009.

IStockPhoto 4.6% of income, best month was February 2009.

MostPhotos 0.06% of income, best month was December 2008.

Shutterstock 51% of income, best month was June 2008.

DepositPhotos – NEW

3dStudio – NEW

GraphicLeftovers – NEW

Despite the three NEW agencies I’ve already let a few go.  ImageCatalog and StockRiot closed, killing themselves.  I closed my own account at Zymmetrical, Fotomind and Crestock.  Those 5 had a combined earnings of less than .01% of my total so I was not sad to see any of the 5 go.

I am also letting go of 4 other agencies very soon if I don’t see a reason to keep them.  They are: Cutcaster, Veer, Vivozoom, and Yaymicro.  I’ve heard reports that Veer may be moving so I’ll stick with that.  I told Vivo I’d do the same and I will give John at CutCaster a little longer and see how things go.  These 4 sites have *totalled* under $50 for me in the 12+ months I’ve been with them. $4 a month combined doesn’t cut it.

My own earnings are picking up. Last month was the 3rd straight month of improvement and this month blows them away.  This month is shaping up to be in my top 3 months all-time and with a boost could be BME.  Shutterstock has not recovered my momentum at all but Dreamstime has rebounded a bit, Fotolia is almost where I need it to be and 123RF is having another solid (but not bme) month.  I have been *trying* to upload to Istock.  I know everyone gets on my case for my small portfolio but I have to say – it’s the rejections, not my efforts, now!

I feel I have a long ways to go and a lot of potential earnings still on the table.  Shutterstock is almost $250 from my BME still, DT is $50 and Fotolia is $50.  Add that to a few extras from the new sites and just to get back some momentum I could increase earnings $350-400 easily.  That would get me past my goal of paying my mortgage with stock and close to my $1k goal.

So that’s where I am. Did I miss anything worth submitting to? If I did post it in the comments and I’ll sign up using your referral link.  Don’t give me junk though!  Only link to sites that are 2% or more of your income.  These long LONG long LONG tail sites are time-wasters.

(I’m especially interested in hearing about PantherMedia, Lori.ru, StockPhotopro and Scanstock if you use them.)

Shutterstock announced recently that it now has 10 MILLION images for sale.

“In a typical week, Shutterstock adds 80,000 new images – a rate of nearly eight images every minute”

I wonder what this means for our future.  Will Shutterstock eventually stop carrying images that are 3+ yrs old and have never sold?  How can the collection be refined to provide better results and better images without growing so large any search result inevitably looks like the pages & pages & pages found on Google?

Alamy has grown so big it has basically swallowed itself.  Zazzle offers almost 30M products for sale yet very few ever sell.  Where is the balance between having these huge collections and having absolutely unfindable material?

I’m interested in what Shutterstock will do about the size of the gallery.

Another thing Shutterstock announced was “Shutterstock has delivered over 125 million image downloads to customers since its founding in 2003.”

Let’s do a little math (numbers should be close but obviously are not internal or “accurate”).  That amounts to 6 full years.  20 million image downloads a year = 1.6M a month = 60,000 a day everyday for 6 years.

Over 12,000 sales I have averaged .40 per download.  Assuming this is fairly close to their own numbers (12k isn’t a small sample) then Shutterstock has paid out $5,000,000 to contributors over 6 years.

Approximately 1/2 of 1% of the gallery is downloaded on a typical day.  We know it’s not that spread out but that’s the amazing potential we have in microstock.

Hi & welcome back! NiltoMil is officially off and running again – I’m keywording, submitting, pushing images and then working on shooting some new today.  I’m going to be pushing some older images even though I know they won’t sell as well as I’d like simply because I want the momentum to begin NOW not in a month when I get new stuff edited.

I’m ready for 2010!  January will be a very poor month since I’m starting so late but February should show some recovery.

In the last 6 months when I was mainly gone:

• Shot weddings – and we have 4 other photographers who shot during that time as well.
• Sold my house/bought a new house – a fixer-upper.  We’ve been working on it almost everyday since Nov 20th for 12+ hours per day.
• Delved into the food styling/preparing/photo world.  I’ve read almost every post on Still Life With, Matt Bites, and many other foodie blogs.  I’ve devoured four entire food photography books including Rinder/Smith’s new book and Lou Manna’s classic.
• Redesigned our business brand
• Traveled to Maine, twice.  Traveled to NYC.

Now that I’m back my goal is to create an income that will pay my mortgage first, other bills later.  Our mortgage is $680.  This is an achievable goal that I do have to reach for. I’ll do a more extensive goals post in the next week or so but that’s the start of it.

Current BME: $575.46, July 2008

Let me quote myself.

I am not going to stick around and pretend to be something I’m not.  Too many people set goals and fail to reach them, yet still continue the journey unfazed.  I often share my experiences and ideas in hopes of helping you.  If I can’t help myself first, I can’t help you.

If I fail to reach both goals (10k images, $25k for the year) by 12/31/09, NiltoMil.com will close for good whether I continue to shoot microstock or not.

At this point in the year it is obvious that I will not reach 10k approved images OR $25,000 this year.

I am modifying what I wrote above.  I am not going to destroy or delete Nil. I am going to stop posting earnings, stop posting ideas until they are working better.  I AM going to keep Nil up for the archives and the posts that often get referenced.  I AM going to continue to put up posts of interest to me – whether that’s of interest to anyone else or not.  My journey will continue.

I need to help myself first.  I need to figure out the steps I should be taking to reach my goal  and when I do, I’ll be back full force with the full effort I can give Nil.  Until then, expect sporadic updates on what I’m doing, how stock is going and what I am trying to do to improve.

Shutterstock Announces New Plan to Protect Each Image and Footage Purchase

Largest subscription stock image site guarantees its entire library of more than 8.5 million images and 140,000 footage clips

New York, October 20th, 2009 – Shutterstock, the world’s largest subscription-based stock photo agency, announced today that it will legally guarantee every file in its vast library by providing up to $10,000 to cover legal costs and direct damages for claims arising from the use of an image or footage clip licensed through Shutterstock.

Thanks to Shutterstock’s thorough and selective review process, the agency has become a global leader in providing affordable, high quality images that comply with the highest legal and ethical standards in the industry.

Shutterstock has now gone a step further by covering key areas of liability, including copyrights, trademarks and rights of privacy and publicity. Under the new plan, which begins today, every file in Shutterstock’s expansive library – which consists of more than 8.5 million images and 140,000 footage clips – will be guaranteed.

“We’ve become an industry leader by earning the trust of stock image and footage buyers worldwide,” said Jon Oringer, CEO and founder of Shutterstock. “Although claims involving our content are extremely rare, we wanted to give our customers an even higher level of comfort by providing up to $10,000 in indemnification.”

Shutterstock’s protection plan, along with its uncompromising commitment to the integrity and quality of its images, solidifies the company’s reputation as a trusted resource for image and footage buyers worldwide.

Total Earnings: $440.55

That’s a number I can live with.  Granted it doesn’t get me a lot closer to the “mil” portion of this goal but it also represents an increase over August of $13 and an increase over last Sept of $31.  I upload no new photos, keyworded nothing and submitted not a dang thing.  So an increase in my earnings with no new work is definitely motivating and exciting.

As always my fully detailed results are in my Google Spreadsheet here.

Well, the summer is almost over and I’m almost back to work.  September represents the next-to-last month of me not able to focus on microstock.  That being said I’m always happy if I make a few dollars anyways.

Specific results that are important:

Shutterstock finished +$74 from last month.  I would expect something more in the middle like $160 for October.

Dreamstime was way down but Fotolia was up.  I can’t wait to see what happens with Bigstock since the SS acquisition.

NO BMEs for the first time since I started tracking stats – that’s a little disappointing but gives me some new goals and motivations.  I’d like to have one month set EVERY BME just so I had a guideline to improve from.

Others reporting microstock income:

Microstock Diaries

jrtb

CJ Photography

Driftless Ramblings

PDTNC

MelastMohican

Pixels Away

Bankizdjec

Microstock Experiment

MyStockPhoto

Stock Illustrator

Move signals Shutterstock’s expansion into the credit-based stock photo market

New York, September 23, 2009 – Shutterstock, the world’s largest subscription-based stock photo agency, announced that it has acquired BigStockPhoto, a leading credit-based stock photo agency, headquartered in Davis, California. Financial terms of the deal were not disclosed.

“BigStockPhoto is a leader in the stock photo industry, and an excellent fit for Shutterstock as we expand into the credit-based market,” said Jon Oringer, founder and CEO of Shutterstock.  “This addition will enable Shutterstock to better satisfy the diverse payment preferences of stock photo buyers worldwide.”

According to the deal, BigStockPhoto will remain a separate entity, and Shutterstock plans to grow the company’s global presence by investing heavily in marketing, infrastructure and user experience.

BigStockPhoto was founded in 2004 to provide an alternative to high-priced stock photography, and to create a marketplace for photographers to sell their work. In addition to its diverse library of 3.7 Million royalty-free photos and vectors, the agency has created a vibrant community of image buyers and submitters from around the world.

About Shutterstock®

Founded in 2003, Shutterstock is the largest subscription-based stock photo agency in the world. Its outstanding collection of premium photos, illustrations, and vectors combined with a selection of innovative, user-friendly subscription plans has made Shutterstock a trusted resource for an expanding global customer base. An industry pioneer in selling royalty-free stock by subscription, Shutterstock was also the first online photo agency to offer editorial photos and launch a video library. Shutterstock Footage offers a comprehensive library of royalty-free video clips available on a per-clip basis or by subscription. For more information, visit www.Shutterstock.com.

I’d like to address something – the time I spend on microstock.  I think some people who read this blog are slightly confused about me slaving away and getting nowhere.

In July, I added 15 new images to my sites.  That means I worked on it for under 1 hour in July.  I made $500 in July.

In June, I added 150 new images.  About 4 hours of work.  I also made $450.  I’ve now in 2 months made $950 on 5 hours of work.

In May, I added 160 new images.  About 4 more hours of work.  Made $400.

Grand total: $1400 while doing 9 hours of work.

What I need to do in order to increase my earnings is actually work on microstock.  I do need to continue improving – I’m just really starting my second year of being a stock photographer.  I need to upload with momentum – that’s proven very successful.  But I’m not sitting here day after day churning out work that isn’t selling.  I’m just simply not putting in the time.

Why?

Our studio has 4 photographers, we’re currently hiring 2 more and we’re going to do between 40 and 50 weddings this year combined.  We’ll likely do another 150 portraits and next year will come close to 70 weddings/250 portraits.  Our wedding and portrait business has brought in over $100k each year for the last 2 and will do so this year and next as well.  I am also in the midst of building a studio management software for photographers that will track clients, billing, orders, calendaring, expenses/taxes, and task management.  It’s a huge project but one I love doing.

All that to say, don’t cry for me, Argentina.  I’m here, I’m going to continue working on micro when I can.  Right now I’m being torn in 3 directions and this one is the least of my issues.