Memberships Are Here!

Hi Lawrence, do you know when the sales reports from the membership will be bundled? Would be great to get a better perspective of how it may or may not affect regular sales.

I don't quite understand yet...

If I want to join Pond5 membership as a seller, I must wait for Pond5 to invite me themselves?

Thank you for any reply

It's becoming a huge problem for us, and it's sad that we were investing time and money to produce content that won't be used. Not good at all.

Not sure if we can understand why you are wasting time and money. You joined P5 to sell RF stock didn't you? All your products are still for sale. 200k out of four million is a very very small percentage. Most Artists with up to 20,000 clips only have a little over a thousand in the membership. So with this ration you would only have maybe a dozen in the membership pool making less that $10 a month. Even if you had your entire portfolio in you would only be making about $160 a month. If making $160 a month makes your business a real money maker I think maybe you are in the wrong business. The best advise I could give you to increase profit is raise your great lifestyle clips to a better price. $30 to 40 is very sub par as far as pricing.

Best of luck.

200k files is not a small number and this is just the test phase, if they like the results they will certainly expand the offer. A subs program needs fresh content all the time to keep customers happy.

I also see no difference in quality between the cheap files and the regular content.

I still think it is an interesting concept, to rent content from contributors.

We will see how they expand it, will they still pay 50 cents per file a month, will they focus on high quality or low quality files..

And for the artist, once they have all the sales data...is it worth renting out content for 50 cents a piece, or would they have made a lot more money at 50% for every individual download if they could offer the file themselves in a cheap 8 dollar sales program.

But it is a very bold concept and certainly something different.

I think the program is good for both sides, the company rents the content so they can terminate the program at anytime and not lose all the capital they would have spent buying it outright, there might be some good tax advantages as well to renting vs buying and for the producers of content they get something vs possibly nothing for those files and we've seen what's happened to regular sales here so I'd say it's a win-win for both sides.

If it's a win-win or win-loose or loose-loose we see in 1 year when the membership goes on, become expanded or trashed!
Absolute not possible for us to expect anything now about membership because we don't know what's going on behind the scenes.
Belonging to the strange actual rejection rates i would rather expect that P5 has real financial problems and is trying to find it's way for the future by a strong policy of cutbacks now. I can imagine no other reason to shoot in the own foot by scare away contributors which flee with their content to other agencys. This can't be sensefull or egal for a well situated corporation.

When do we get the stats on the sub program? It's been like 6 months...

Hey Lawrence, just pinging on here again to get an idea of data.

Hello friends, could anyone tell about the procedure of becoming author?