Creators Earned $47,000 From Stock Photos, But is it Really That Easy?

Recently, the creators behind Mango Street shared how their stock photos made them $47,000 in one year, but how realistic is this scenario for other photographers to emulate?

In a recent YouTube video spotted by Fstoppers , the creators behind Mango Street shared an insight into their image sales with a stock agency Stocksy. The duo broke down how much they have made over time, which images sold best, how much commission they received, and showed the numbers of accepted and rejected images.

With a portfolio of 1,045 photos, the two earned $4,555 in royalties throughout 2020. Overall, through their time on Stocksy, their best-selling photo was sold 37 times and has made $1,353 in sales. This works out as an average of $36.60 per sale -- a hefty commission compared to what popular microstock sites, such as Adobe Stock, Shutterstock, and others, pay out to photographers.

A screenshot of my micro-stock sales for comparison

Although Mango Street creators have been able to get comparably good commissions from their stock sales, that's not the case for most contributors with similarly sized portfolios who use other arguably more popular or mainstream stock sites. Stocksy is an artist-owned co-op and is extremely picky as to what images are accepted and which creators are allowed to join the site.

In the third quarter of 2021, out of 2007 interested applicants, Stocksy only accepted 36 -- which is very different from the model that other stock sites employ where anyone can join and can start submitting right away. Some even allow the use of plugins to make the process even easier.

This also ties in with Stocksy's pay ethos -- the company believes that artists should be paid fairly for their work and for that reason, contributors receive 50% payouts from regular $15 to $400 purchases and 75% from $100 to $10,800 extended license sales. That rate is monumentally larger than the best rates available from Adobe Stock, Getty, Shutterstock, and others.

Stocksy's commissions give stock photography a breath of fresh air, especially when compared to the heap of micro-stock sites that offer commissions as low as a few cents.

Adobe Stock offers subscription tiers for buyers

Going away from subscription plans, boutique stock sites like Stocksy actually make it worth it for photographers to get on the stock-selling train again, while on most stock sites it's a numbers game -- photographers would need to submit thousands of images to guarantee anything close to a notable return.

However, there is also a downside: because Stocksy hand-picks its contributors and makes it clear that fair pay to creators is important, not everyone can join, which helps the company maintain content quality and the more generous commission but locks out many photographers who might want to take part in the co-op.

Today is the day. We’re thrilled to share the news of our largest patronage payout in Stocksy history. Read the full Patronage announcement here: https://t.co/NyCmyioXeV
Image by Stocksy Contributor Victor Bordera. pic.twitter.com/THnOBCws19

β€” Stocksy United (@StocksyUnited) August 26, 2021

Offering photos for sale on stock websites is relatively easy, but making money through the practice is another thing entirely. Whether photographers go down the route of a more niche stock agency that has low acceptance rates but higher quality stock and higher commissions or a micro-stock agency that distributes its content to a wider audience but offers low commissions, there does not seem to be a consistent way for stock to pay off for photographers, and none of the routes are as easy as they might appear on the surface.

_Image credits: Unless otherwise noted, photos by Anete Lusina. _

#culture #industry #news #adobestock #commission #mangostreet #microstock #selling #stock #stockphotography #stockphotos #stocksy

Creators Earned $47,000 From Stock Photos, But is it Really That Easy?

How realistic would it be to emulate the strategy?

@murtezayesil

Well I can see that #photography is art, too, and there might be a place for some creators at a stock-service. (I would suggest #Stocksy / #StocksyUnited, as it's a #PlatformCoop so creators are also owners of the platform, which is how it should be! )

So if the focus was on just selling (storefront), that might be an option. But like @olivia says, there's a lot more to #bandcamp than just selling. There should be community and supporting, connecting, "fanpersoning" and so on.

@snowdrift

OK, thanks for making that clear and also for sharing this research, I think this is really helpfull for a lot of creators!

Let me also explain what I mean by #PlatformCoop: a for-profit, but no VC-investers. Instead, profits are shared amongst many owners (e.g. all the users of the platform).
Examples are #Stocksy, #FaiBnB or #FairmondoUK .

(This is just to explain what my original wish was. I do get an like your concept of a non-profit, too! πŸ‘ )

@self intriguing thoughts, thanks for taking the time to share them. I think the dynamics of swarms and crowdfunding are what they are. I see #PlatformCooperatives like #Stocksy or #SocialEnterprises like #Scoop.co.nz as the most realistic way of creating a secure living for those whose creative and intellectual work contributes to the commons. It requires building organisations, instead of just trying to get passing swarms into a hive ;)
@icedquinn
@bhaugen except for MG, these projects are imagine as federated replacements for #SnapChat / #Instagram. But to what degree could they also be replacements for #DataFarms like #Flickr, #DeviantArt, or even #PhotoPin (a #CC image host)? How could a coop like #Stocksy participate? How can all this be explained to newbies?
The #stocksy stock photo #platformcoop's multistakeholder model: https://social.coop/media/th1psH1JLuJiO-77fZU
@Steve @platformcoop I would say a #platformcoop could be a #workercoop, but is not inherently one. For instance, it could be a consumer #coop (data hosting where customers want a strong sense of control) or a producer coop like #stocksy...