
? Tomas Marek, Dreamstime.com
It’s not quite the end of the year but it’s a great time to review my last year of microstock.
We were not microstocking in January or February. While we’d been part of this industry and have had images online since 2004, we uploaded very few new images in 2007 and the start of this year.
A conversation in late February prompted me to start researching more about microstock photography. I found out about the success of people like Yuri Arcurs, Andres Rodriquez, IOFoto and Vegas Visions Studios. I learned more about Lise Gagne and started reading Microstock Diaries and Micropayment Photography.
As March started up, I thought it may be a good idea to change direction from my “search for passive income” to my current NiltoMil.com site so I changed format for this blog to strictly microstock.? A search for other blogs to monitor and read quickly pulled up several on my feedreader. I currently read:
Microstock Diaries – Lee Torrens’ great site
All You Need to Know about Microstock Photography – Todd’s site
Yuri Arcurs blog – Uhh…by Yuri, of course.
Pixels Away – Marek
JRTB – by JRTB
Captured Little Moments – no longer a microstock blog
Lookstat – Rahul Pathak’s microstock stat tracking service
Snapvillage – although not updated frequently enough for a company blog
Microstock Photography Blogspot – CJ’s site
Microstock Junction – Lorraine’s blog
Driftless Ramblings – Allen
PDTNC – a new one on my list
MelastMohican
(now that I’ve added the links, let’s see who has Google Alerts setup for their names/blog? names)
Once March was over, I knew we could “do” this microstock thing.? We went from an income of $85 to $189 with little effort.? Our portfolios increased by approximately 90 new images per site.? April and May we turned up the speed to see what we could do.? We grew portfolios by 300 and then 350 images a month.? Our income in the same time grew from $189 to $350 and then $450.? The increases from our work showed us our future in this business.? We started to believe we could get enough images online to pay our bills and then much more with new images.? I still believe a consistent effort will get us there very quickly.
June and July were also months things improved.? Our income rose to a high of $575 on 1250 images.? Not bad but we hadn’t seasoned in images at Dreamstime OR Fotolia and we had not done nearly a single new image on Istock – plenty of room to grow!
August through October are difficult months for us – wedding season is cranked up, we’re shooting a lot and editing all the time and NOT for microstock.? We added zero new images from August 1 through Nov 1st on most sites and our income dipped to 66% of our high.? The strangest thing that happened was Dreamstime kept rising.? No matter what we did, Dreamstime income gained & gained as the images seasoned in – definitely an advantage to multiple pricing levels!
November ended our run of NO microstock work as we added 50-100 new images across most site and finished pushing some queued images we had left there from July/August.? Our income rebounded from $380 in October to $450 in November – more in line with our income from May when we were starting to add more images.
We learned a LOT in microstock this year – from how to add IPTC data before upload to how to upload to multiple agencies at once.? Both are huge timesavers, which matters a LOT in the micro world.? We also made new microstock friends – Todd at Micropayment Photography, Lee at MSD, Leaf (Tyler) at Microstock Group, Bobby at VVS and many many others.? We continue to learn from those photographers and microstock afficionados and a lot of our success is attributable to their influences, help and work on getting us up to snuff quickly and efficiently.
Our two microstock and travel sponsors came on board this year – ThinktankPhoto and Pro Photo Rental.? Both provided us with new gear to use on our October trip and we appreciate their support and hope 2009 is productive for all of us!
This year we increased our income from $2700 total to $6400+.? We have more than doubled but that’s not good enough by far.? Our goals for 2009 are to increase from ~$500 to ~$5000 a month by next December.? We would like to add roughly 10-15k images to our portfolios and we’d love to start pushing IStock images harder.? Our goal is to reach $50k on our total earnings as fast as we can.?? That’s a good start on our ultimate and real goal of hitting $1,000,000.
Another goal for 2009 is to add more sponsors/advertisers to N2M.? We keep them fairly well contained so they don’t take over the whole site but by adding advertisers, we are able to become 100% focused on microstock AND this blog – to spend the time to help, educate, learn and teach that we need.
So that’s 2008 – and here comes 2009.? Don’t forget that you can follow our progress on here and also at our spreadsheet on Google.
Thank you ALL for reading NiltoMil.com? I appreciate everyone who’s taken their time to bookmark, subscribe, read us, link to us, and sponsor us.