reduced pricing for media older than 1 year with no sales?

I'm not attacking you or any thing you post. I can however tell you that 0 x 0 = 0 is accurate math. I'm no math wiz but, it sounds about right. The issue is marking down already low priced clips, means that your net income is even less then it is now..

What your looking to do is sell quantity right? If you have prices that low, basically that's the goal. You want to move a massive amount of clips total each month.. Unfortunately the video market does not really support that, animated backgrounds yes. There are VJ's without allot of money, the market has allot of it out there now, one abstract background to some is as good as the next, also you have to account for the full total spectrum of the entire market of who is selling what and for what price...

Video is a whole different world I have found out. You can make a video clip 1 dollar, and it won't sell. Why? Why does this happen? Well what's going on here is your filling a video editors needs. If the clip isn't needed it doesn't sell. It could be a clip of the most perfect sunset you have ever seen in your whole life, with the most beautiful actress on a business man, using a cell phone, in a beautiful suit, if an editor does not need it he will not buy it, not even for 1 dollar. It's a needs based market place. Your lion clip was needed, it sold... It didn't sell because it was cheap, it sold because it was good.

Don't get me wrong, I'm not suggesting you do any thing with your prices, what you sell for is none of my concern, but with the total amount of clips you have, your now in a position you really don't need to sell quantity any more. When you get into high enough numbers if you have diverse enough content your going to sell clips. Video how ever is a needs market place, there is no way to cut low enough to create a false need.

Take the Revo 40 for 40 deal, it wasn't even just 40 video clips, it had a wide range of really amazing content. AE templates, sound, video, backgrounds... When I heard about it, I thought they are going to sell 200,000 of these things easy, it's an amazing deal! I think they broke a little over 1,000. So see what I'm saying? Best deal you could get, the need was not there for enough of them to generate the quantity sales they were looking for.

For you, you just do video right? How do you ever expect to generate the NEED + Quantity to = Huge $$$$, basically you would need to have ten to fifteen times the amount of work you have online now, and still at the end of the day, your really undercutting yourself on it. It's proven if the need is there they will pay a good price. In fact in some ways the clip being so low priced makes it seem like, hmmm, what's wrong with this clip?

As far as the posting and getting attacked, come on guys lets all be better then that. Also tiberio, there is a link at the bottom of the page to send your ideas directly to the ones that make decisions. There is no need to put yourself in front of any firing squad to make a suggestion. I have seen enough of your posts to wonder if your not going for this result though, like lets bait these guys... Guys don't get baited it just makes you look bad, and for what end result? tiberio don't bait these guys, there good people.

If a majority of clips were dropped in price, P5 still has the same storage, transfer costs, labor, development etc etc expenses. My guess to help cover expenses our commission would drop to 30% or more like IS at about 15%. The 50% works because the average HD price is $64.62.

Low prices are not the norm here at P5. The average price of products for sale here on P5 is: SD $44.70, HD $64.62, Music $37.39, Sound effects $3.65 and After Effects $39.21.

Agree on RS experiment on their 40 for $40, it just didn't sell even with some quality products included. Buyers come to an agency because of a need not because they have $20 or $40 in their pocket they need to spend.

The artist resource here show that high priced footage sells well here. Many here have experiments with dropping prices and everyone I know of have popped their prices back up and even higher than they were.

It would be a great experiment for someone with several thousand good quality products that are currently priced at $10-15 and mark all of them up to $35 and leave them there for several months and see how the bottom line profit changes.

you are wrong about the costs of storage.

pond5 uses a cdn (S3), and cdns charge for bandwidth, not storage. they only pay for downloads and streaming.

In reply to tiberio who posted (and has a habit of deleting posts when proved wrong) I am copying the post to which I am replying to:

"tiberio 2014-04-23 13:39
you are wrong about the costs of storage.

pond5 uses a cdn (S3), and cdns charge for bandwidth, not storage. they only pay for downloads and streaming."



Really?

http://aws.amazon.com/s3/pricing/

Wow that's exciting. That means that my first 3 sales every month pay for my storage.

The thoughts about costs are simply incorrect TIberio. I just recently reviewed one of P5's competitor's budgets (I am a shareholder) and you are quite incorrect regarding such costs. Storage is by no means cost-less. Yes, prices are dropping, but they will never be cost-less. On the contrary, the infrastructure to manage such large storage quantities are very expensive. According to this reviewed budget, it runs into the hundreds of thousands.

I wonder how much can you Tiberio drop your price down as your clips cost 10$...you could write on the buy button "make a donation"....:)...if all contributors would act like you agencies like pond 5 would break down quickly...

why do you guys even respond to any of this guys posts? waste of time. He's obviously not from a media producing market. Hobbyist, let him enjoy making things for free.