My clips suddenly changed prices to fraction of the prices I set??
rasomaso
6 Feb 2019 14:06
Nevermind, POND5 is running tests for optimal 4k price point.
trucic
6 Feb 2019 15:59
.. same here... what`s happening...?
JHDT_Productions
6 Feb 2019 16:01
Running tests? Is that what was told to you?
Can you elaborate?
Can you elaborate?
Elmwood
6 Feb 2019 16:08
It would have been good to get some information about this change before it happend. I always thought that Pond5 cared about it's relationship with it's contributors.
SkyWave_Productions
6 Feb 2019 16:13
Same here. I had manual pricing for all my clips (or autoprice smaller sizes) and the prices have changed randomly. For example clips that were 4K $149 before are now 4K $81.5, $126 or $103,5. Can't find any relation to why some clips got changed and some are the same. I haven't tinkered with my prices for months.
trucic
6 Feb 2019 16:27
... same prices here $81.5, $126, $103.5 and even lower... not looking good...
rasomaso
6 Feb 2019 17:19
I have set the prices back to "sort of" how I remember they were originally as I am not comfortable with some of my clips being available for such low prices when I have the same clips on shutterstock for 200 USD. Especially for a duration of 8 weeks as you can see below.
To quote the email:
We are running a test to figure out the optimal price point of 4K content in our marketplace. What we learn will help us make recommendations to our artists and help them to make the most revenue.
Pond5 is always running tests to find ways to make increase the revenue for our artists. We take this as a serious obligation to you, as a contributor. You’ve trusted us with your content and we want you to make as much total revenue as possible. We believe it would be negligence on our part if we were not constantly testing.
When we surveyed our artists, the vast majority of you responded that you wanted Pond5 to provide assistance in optimizing your price. You asked us for this.
Also, this particular test should run for about 8 weeks and there may be additional iterations that run throughout the year.
We hope that this clarifies your query!
Please, reach out to us anytime if you need any help.
Kind regards,
To quote the email:
We are running a test to figure out the optimal price point of 4K content in our marketplace. What we learn will help us make recommendations to our artists and help them to make the most revenue.
Pond5 is always running tests to find ways to make increase the revenue for our artists. We take this as a serious obligation to you, as a contributor. You’ve trusted us with your content and we want you to make as much total revenue as possible. We believe it would be negligence on our part if we were not constantly testing.
When we surveyed our artists, the vast majority of you responded that you wanted Pond5 to provide assistance in optimizing your price. You asked us for this.
Also, this particular test should run for about 8 weeks and there may be additional iterations that run throughout the year.
We hope that this clarifies your query!
Please, reach out to us anytime if you need any help.
Kind regards,
gregp5
6 Feb 2019 17:47
Hey guys,
As you've noticed, we are running a pricing test on 4K content with the goal of maximizing revenue for our Artists. This test effects a subset of 4K content on Pond5.
As we mentioned over the summer during our Web Resolution test, we feel it is our obligation to regularly test different ways to increase your earnings. We are, in fact, always testing something, be it price points, shopping cart features, homepage experience, etc. Some of these tests are more noticeable than others.
Our testing is always intensely methodical and designed not to cannibalize existing sales. At the same time, if we do not test, we cannot grow. We want to make recommendations to you based on data, not guesswork. This test is designed to zero in on the optimal price point for 4K, relative to HD (which is what most buyers purchase). The goal is to drive the most total revenue to you, the artist. We're very excited to see how it goes and, just like our last price test, will be sharing our findings with the community so that everyone can benefit.
For more info about the specific parameters of this test, please email us directly at support@pond5.com
Thanks!
As you've noticed, we are running a pricing test on 4K content with the goal of maximizing revenue for our Artists. This test effects a subset of 4K content on Pond5.
As we mentioned over the summer during our Web Resolution test, we feel it is our obligation to regularly test different ways to increase your earnings. We are, in fact, always testing something, be it price points, shopping cart features, homepage experience, etc. Some of these tests are more noticeable than others.
Our testing is always intensely methodical and designed not to cannibalize existing sales. At the same time, if we do not test, we cannot grow. We want to make recommendations to you based on data, not guesswork. This test is designed to zero in on the optimal price point for 4K, relative to HD (which is what most buyers purchase). The goal is to drive the most total revenue to you, the artist. We're very excited to see how it goes and, just like our last price test, will be sharing our findings with the community so that everyone can benefit.
For more info about the specific parameters of this test, please email us directly at support@pond5.com
Thanks!
Beckhusen
6 Feb 2019 19:01
I never gave permission that you change my prices and i never wanted Pond5 to provide assistance in optimizing my prices !!!
trucic
6 Feb 2019 19:07
.. this test will not cannibalize existing sales, but for sure will do earnings...