'Revenue Generated' instead of 'Number of Sales'

SimpleIconic 17 Sep 2012 19:39
True, the CG stuff should be a separated search anyway. Then by revenue wouldn't put CG behind video. If separated the by revenue search would benefit CG as much as video, moving stuff that was of quality and selling to the front.
bryanbush 17 Sep 2012 20:03
I'm kind of surprised so many of you senior guys think this is a good idea, when with a little looking around at some of the high priced mega ports it seems like they will have even more of a jump with that... The plus side to the ultra low priced guys being where they are now is that allot of it isn't good... You put the other guys first and they have amazing equipment, and they are seasoned pros, and they have been around a long long time to get the sales...
See where I'm going with this, it could actually end up being really bad if you think about it. (I can't say for sure, I can't dedicate enough time to really look into it deep enough, but looking at a couple I could see how it could burn you)

I think it would be allot easier to suggest changes if we actually knew what the weighting was, is it sales trump every thing? Is it rating trumps sales? We don't even know... Plus it's not even in all of the searches This would only make any difference when searching via "sales" and maybe "default" depending on the weighting..

If you want to get to the top of one of these fast there is an easier way, just change your name to have four or five A's in front of it... Then you will come up first on the "artist" search... (why is that not done on seniority)
RekindlePhoto 17 Sep 2012 21:00
Very true, without a knowledge of how P5 does the priority making changes is iffy. I believe most of the pro level or old time guys and gals agree that the bottom dwellers in pricing is not good for the industry and even for competition and P5 as a whole. Some way to differentiate the quality at reasonable prices versus those who only want quantity sales with little regard to profit potential.
bryanbush 17 Sep 2012 21:48
Quantity is profit potential, it's just a different way to get to it.

I think the assumption is that the people with low priced clips are stealing sales from people with higher priced clips, I'm sure that does happen, but some buyers are shopping ONLY on price, they would never have bought a 50.00 clip... They are ONLY looking for a 10.00 clip because that's there budget.

I think it's good that P5 hits on all levels, iStock doesn't even get buyers like that because they set the price for you, and they set them high.
RekindlePhoto 17 Sep 2012 22:30
I kinda disagree, "XS" raised prices significantly and also has multi-size options. I seldom sell anything but the full HD, and sales have gone up 300-400% since they raised prices. IS also does well at $90 plus per footage (at least based on the company being sold for $50 million in 2006 and then again for $3 BILLION plus this year). Those artists that do searches and then price lower than other artists work probably does hurt. Maybe that is why a suggestion by Scott not to show number of sales of other artists products might be good. I feel an artist should price on their own based on the value they feel, many don't and just undercut in an attempt to take sales .... After all that's what business is all about ... undercut until everyone goes out of business.

Probably should continue this in a pricing and not a site suggestion thread ;) Great to be able to discuss it without anyone getting angry like in the past. Friends ;)
bryanbush 17 Sep 2012 23:43
What part do you disagree with? That it's good that P5 hits on all levels?

Who is XS? I don't think I know that one. Did you mean SS? I think SS always would have done better if they had gotten behind footage sooner. It's nice they are doing better but I don't really think price is much of a factor in them doing better. It wasn't like they raised there prices and people said, "I wouldn't have bought that for 10 bucks but now that it's 50 I suddenly can't resist it!" They made allot of changes, advertised, worked to get buyers there...

Everyone I have talked to has said IS sells less lately, by allot... I also wonder how they got that selling price, did they inflate the numbers or growth by allot?
I wouldn't put it past a company that will change the artists %, or has a weird always changing royalty structure...

"I feel an artist should price on their own based on the value they feel"
Agreed...
SimpleIconic 17 Sep 2012 23:59
I'm not worried about that. I am trying to change that people are taking expensive equipment, shooting content and pricing it at rates that will never cover their costs to try and get to the top of a list. For those of us trying to get ahead or break even, those people are more damaging than anything in the industry.

The number of sales criteria encourages low balling, to get to the top of the number of sales list. Some of the number of sales would still be at the top of a revenue generated if they are asking reasonable rates, like a lot of RedBlue's stuff. His $40 clips have generated more money than most $300 clips due to quality.

What value is number of sales? It isn't as much of an accomplishment compared to revenue generated, just a cheap way to get ahead on a list.

If this isn't apparent, than I agree that the category should just be removed, and the default weight should go to revenue generated and not number of sales.
SimpleIconic 18 Sep 2012 00:00
Quantity is profit potential, but profit is the only accomplishment.
bryanbush 18 Sep 2012 01:05
So if they don't do it the way you suggested they should just totally remove it? Don't get me wrong I don't really 100% care, I don't think it would have much of an effect on me personally... I'm weary of them changing any thing with the algorithm because it had such a negative effect last time, but if they do it just for footage and it helps you guys allot then cool...

What accomplishment are you here for?

This isn't intended negative at all, I'm not coming at you or what ever, I'm legitimately curious what accomplishment your here for if it's not profit.

You have some really nice work I like your stuff, this business is long money though, it's all invest time and money and wait on return, if your interested in fast gains this isn't the path. We are all trying to get ahead and break even but it doesn't happen with 400 clips, it happens with allot of clips, allot of time, and allot of dedication. So as I understand your frustrations and appreciate your opinion changing the system is scary business, and allot of the people that have been here a long time would agree with me on that.

2000 used to be the magic number, then everyone with 2,000 got 4,000 then the magic number changed and changed again... Living off your stock income isn't an easy task, especially if you live some place without a super cheap cost of living. Your work is good, if you keep at it and follow sales trends when creating new clips you could be someone that does it. (totally based on my opinion)

Try putting all your stuff at 10.00, I bet you that you don't make the sales numbers you think your going to make... Yes that's me telling you to put your money in the place your mouth, and prove that $ makes sales numbers, if not that just put 2 clips at 10.00 and lets all hear the sales numbers at the end of the month, give us an estimate on what you think it will be please, as in I think if I price these two clips at 10.00 I will make 40 sales on them... Just what ever you think it will be, prove to yourself that it's all about the $ before you ask them to change the system... That's not me being mean, that's me trying to work with you to prove a point to you. I'm not saying anyone is wrong with the whole price it right, price it to industry standards, but I'm saying it wont have the effect you think it will.
SimpleIconic 18 Sep 2012 02:15
To answer your question though, two clips, or 400 clips, wont make the difference. An enormous amoust such as hundreds of thousands of clips will obviously begin to have an impact.

The real point is that people that make quality clips that sell a lot at reasonable price should be rewarded. People that make ten dollar clips, and they actually generate enough to compete, well it is fare that they are rewarded also. Revenue is the factor though, not number of sales, which incourages people to drop their prices to try to get to the top of the list. That is all I am getting at.
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