From microstocks to megabucks

May 10th, 2008

Or: The economics behind Microstock.

I make little secret of my dislike for microstock, as re-iterated in my ‘The Problem with Microstock‘ article a few weeks back. The curse of having a relatively high-profile blog, however, is that people tend to disagree with you. Well, that’s not really the curse, that’s a fact of life. The curse, specifically, is that you frequently get incredibly eloquent people disagreeing with you - people who disagree passionately enough to write their side of the story.

Seeing as how I’m not a politician, I’m fully entitled to change my mind about things, including Microstock. And while I still feel that the premise of Microstock is wrong for all the reasons described in that other post, I wouldn’t be much of an Economist subscriber if I didn’t see that there was a flipside to the proverbial coin as well - in this case, expressed by Willie Thomas, a man who makes his living with stock photography.

I caught up with him to find out how he does it… Read the rest of the article »

The problem with microstock

March 24th, 2008

We do an experiment with microstock, and discover that while I sold three times more photos, I earned 40 times less money from the micro stock sales than from a full-on agency - with the exact same photos on sale…

The lesson? If you’re a decent photographer, stay the hell away from micro-stock: The bigger agencies treat you better, pay you more, and actually make an effort to sell your photos on a bigger scale. Read the rest of the article »