Welcome back to another detailed monthly report during these increasingly strange and desperate times! August proved to be a terrible month but can be somewhat forgiven for traditionally being a holiday month, as well as everything else that’s going on. For a recap on August 2020 earnings, click here.
However, no excuses for September! Back to work and sales!
Back to Business September
In ordinary times, September until December should be the best months of the year for stock sales. Last year, September produced one of my best months at $1,051 ($555 from SS alone), and August was superb at $1,075. Things were really looking up then! Now for September 2020…but first…
First, would appreciate if you could help me out!
Throughout my blog, as you can appreciate, I’ve given quite a bit of my time to help you make sense of this complicated stock industry and focus on making money. I’ve also given away earnings info on some of my best-sellers which will directly lead to those images reducing their value (how much is impossible to say but suffice to say that copycat thieves may be lurking).
If you feel that the information below and throughout the blog is useful I kindly ask you to donate as much as you feel is reasonable, such a price of a coffee, by clicking on the following link below:
You can also support me by purchasing one or more of my images as a wall-hanger:
Detailed Earnings Breakdown
Starting with stills:
|Agency||Number of Images in port (added Sept)||Net Revenue for Sept (US$)||Avg Return Per Download (US$)|
|Adobe Stock||3,505 (9)||49||0.79|
|Creative Market||1,498 (3)||17||17|
|EyeEm||274 (2 Partner)||1||1|
|Fine Art America||690||8||8|
|iStock||6,561 (22) – August||74||0.39|
|Robert Harding||384 (0)||3||1|
|Shutterstock Editorial||761 (0)||12||3|
As for clips…
|Agency||Number of clips in port (added Sept)||Net Revenue for Sept(US$)||Avg Return Per Download (US$)|
|Adobe Stock||369 (8)||27||27|
Total: $552 net in Sept vs $524 in August
Looking at the big picture
RPI at least recovered at SS with $0.61/download, which was offset by a massive drop in Istock halving to $0.39 compared to August. Steady for Adobe Stock but volumes were low at only 63 stills downloads vs 71 stills downloads for August.
Stills: Year on Year Comparisons (Sept 2019 vs Sept 2020) – Majors
They say a week is a long time in politics, well in stock photography, a year might as well be an eternity. To think that a year ago I would have been earning half what I earned in Sept 2020, while having 10% more assets in stills and 30% in clips is really beyond words.
Although agencies aren’t to blame for the global economic slowdown (less volumes), they surely don’t make our lives easier by selling our assets for cheaper and cheaper.
The following is a year-on-year comparison between the majors:
|Agency||Sept 2019 ($)||Sept 2020 ($)||Difference|
During any given month weird things happen so I’ll be doing the same analysis for ALL agencies at the end of the year to see once and for all how much harder I’ve worked to earn less. Lots of number crunching that should be interesting. At the end I may even drop a few agencies which are just wasting my time with little returns.
Closer look at the demise of my portfolio at Alamy
I ran out of patience with Alamy this month and published an appropriately named blog post “I Love You Alamy, but I’m Breaking Up With You!“, which has been well-received.
Since publishing the article mid-month, sales on there have trickled in ending at a pathetic $26 net (8x less than SS) on just over 12,000 assets. I dug deeper and wanted, out of curiosity, to compare Alamy Measures stats year-on-year, which makes for disturbing reading:
Alan Capel, Alamy Commercial Director gave the following interesting statement in response to my blog post:
“Our business is in good health, even during these challenging times, with investment and growth plans in place as part of the PA Media Group.
Alex has raised some interesting points but we don’t see his experiences as representative of all our contributors. As with any large-scale diverse platform, there will be peaks and troughs for content creators. Many factors play into that, including the quality and diversity of imagery, visual trends, comprehensive metadata and crucially, demand from customers.
We will continue to listen to our photographers and contributing agencies and build a business that rewards great photography and meets the needs of our current and future customers.“
Perhaps Alamy’s business is healthy, but I can’t say the same about mine. In addition, I don’t agree that “my experiences aren’t representative of all contributors”. I’ve submitted a total of 1,222 Rights-Managed exclusive Live News images with little success. Anyway, you can see for yourself whether my port on there is “representative” – link to port here.
Simply look at their end-of-the month thread on sales and you’ll see veteran contributors with 50,000+ exclusive assets earning less than $1,000 net. Do the math and you’ll see how unsustainable it is to rely on Alamy for consistent sales. See the “How Was Your August 2020?” and for now “How Was Your September 2020?”
Best-sellers for the month
Even if it was a pathetic month all-round, I’ll try to take some positives by showing you some of my best sellers as an indication of what’s perhaps trending.
None worth mentioning. Don’t care.
Pretty average month over at AS and only one photo and clip stood out.
No book cover sales this month for two months in a row, which is fair enough as they tend to be quite high-priced when they do happen. Fingers crossed for October. Was busy uploading to them all month and managed to have 36 approved. A good result and on pace for my year-end goal of 1,000 images on there. See link to my port – currently at 903 with 8 being keyworded.
The following are 8 of my favourites that I’ve uploaded / been accepted during the month of September.
Which is your favourite?
I’m still thinking about a strong re-submission to Trevillion after my first batch was rejected…currently brainstorming concepts with the help of Pinterest!
Happy to report that I finally popped my EyeEm cherry!
Slow month at iStock with only $74 at $0.39 per download, but can be forgiven that since they report a month behind and August is traditionally a slow month. Let’s see in Oct when they report on Sept sales. Nevertheless, here are some of the better-sellers on there:
Rollercoaster ride continues at iStock…
Shutterstock earnings recovered in Sept with a more respectful $216 / 0.62 RPI for stills. A far cry from Sept 2019 but it is what it is in this new normal.
Clips at SS
Clips sales were OK at 5 clips for a total of $61, including one clip sold for $3.18, which was inevitable!
Fine Art America
Always nice to have sales when you never expect (how my attitude has shifted at Alamy). This month had a $7.50 sale on Fine Art America, which is probably a good indication that I should just fork out the tiny $30 yearly subscription to grow my business on there.
Creative Market is another that I don’t expect many sales. September was interesting because I had my first Extended License sale on there.
Staying on theme of Standup Paddle (GoPro)
Staying on the theme of Standup Paddling, I’ve been putting it to good use while mounting my newly-acquired GoPro8 onto the board! Naturally, I’ve been uploading all these clips to the usual suspects and hoping for the best.
Here’s my favourite clip captured yesterday paddling in-between quaint fishing boats.
On another day, I mounted my GoPro to the paddle and managed to capture a cool cinematic clip of open-water swimmers. Too bad that the paddle is so visible and there were tilted horizon issues.
Point of View (POV) on Bike with GoPro
Getting quality clips on standup paddle proved to be a challenge but eventually I got a hang of it! On the bike it’s been quite a bit easier, with interesting and very stable results (especially on flat surfaces).
Speaking of flat surfaces, really like this clip cycling towards Cabo da Roca, when I managed to find a few seconds where no cars or pedestrians went by ensuring it’s licensed commercially (although SS has frustratingly rejected it for noise – on my to-do list to re-submit for the 5th time):
On the way back into town, I put together a hyperlapse (quite impressed), although those fuckers rejected it for noise even after resubmitting four times:
In town, some really cool effects when cycling down narrow spaces (also rejected for noise and distortion by SS):
Shutterstock rejections of GoPro clips driving me crazy
As usual, Shutterstock reviewers, human or not, are making my life miserable. Overall, having a really difficult time having my GoPro clips accepted mainly for noise rejections.
Resubmitting until it hurts
The usual tip of resubmitting until my HD burns up sometimes works, but lately I’ve dug deeper and changed some of my GoPro settings to be more “neutral”, such as less sharperning and built-in colour corrections that sometimes cause noise. Thanks, Theo for your patience! Results have improved but still getting loads of rejections.
GoPro has been a fun investment
Nevertheless, I’m enjoying my new toy and capturing some unique angles. Makes for a great travel addition which fits right into my pocket, unlike my 100-300mm lens + full frame body lol I’ll keep playing around and looking at more accessories I can purchase with the assistance of Theo!
The next logical step would be to purchase a drone and I’m aiming for spring 2021.
Is possible to earn a reasonable amount with stock photography in 2020?
My take on the question is what does one consider to be a “reasonable amount?” This depends on a number of factors, such as location, amount invested on gear / travel and time.
Certainly, the situation has changed in the past 6 months with Covid being a game-changer and we all need to re-think our strategies in these more challenging times. I’ve also grown increasingly spoiled and stick to fun concepts and shoots as an escape from my comparably boring yet much higher paying day-job. I suppose I’ve downgraded from a professional photographer at one time to a semi-professional and the way things are going maybe I’ll just be an enthusiast!
Ultimately being a travel photographer who doesn’t / cannot travel internationally (at least for the time-being) is a problem. I’ve tried to mitigate this by shooting book covers locally with some success. I’ll think about it some more!
What’s in store for the next few months?
I’ve been super busy with my day-job and have had little time/energy/patience to devote to this blog. This has to change and I have a number of articles I want to publish soon, including:
- Review of Artgrid, a premium footage agency
- Interview with Aaron Amat, Founder of Kraken Images and lifestyle photographer with 946,000 images at Shutterstock alone! Update: link to interview
- Keywording tips from Devin Schumacher, Founder of Serp, a digital marketing company
- Is possible to earn a reasonable amount with stock photography in 2020? Detailed analysis
- Review of Xpiks, a free keywording and uploading-to-multiple-agencies tool to save contributors time, similar to StockSubmitter. Programmers recently launched a new version 1.6 and recommend you check it out!
Turd of the Month – September
With so many turds to choose from, it’s been quite a challenge to select this month’s MEGA-TURD…the one that backs up your whole street’s sewage system.
Alamy was a strong contender, continuing to super under-perform. Pond5 was close with a blank month, but the potential is there for big sales. So after much deliberation, the super turd of the month is…
Hey, that’s my pic! has been postponed until October.
I’m an eccentric guy, currently based in Portugal (fled Madrid to escape the brunt of this nasty Coronavirus), on a quest to visit all corners of the world and capture stock images & footage, when things go back to normal (September 2025??). I’ve devoted eight years to making it as a travel photographer / videographer and freelance writer (however, had recently go back into full-time office work to make ends meet, although been recently let go, although they got me back in at the last minute!). Anyway, I hope to inspire others by showing an unique insight into a fascinating business model.
I’m proud to have written a book about my adventures which includes tips on making it as a stock travel photographer – Brutally Honest Guide to Microstock Photography