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Author Topic: Anyone know the New Royalties at 123Rf  (Read 9743 times)

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ruxpriencdiam

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« on: January 19, 2012, 14:40 »
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Can any one tell me what the new royalty is for new photogs to the site?

It was supposed to change in the beginning of January and should have been  updated by now i would think!

The site still has the old rates posted and no new ones?

I sent them an email asking them back on Friday and then did one of the IM's with someone and they had no idea so he asked me to resend the email which i did and still haven't heard anything.


« Reply #1 on: January 19, 2012, 14:45 »
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the announcement on the website doesnt talk about new royalties for new contributors, I was wondering the same

THP Creative

  • THP Creative

« Reply #2 on: January 19, 2012, 18:17 »
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This seems to have just been added to the contributors section....

"January 18, 2012 - Change in Commission Structure

We will be changing our Contributors commission structure effective February 1, 2012.

Heres what you need to know:

    All existing contributors shall continue to enjoy the current 50% nett commission share ONLY IF they fulfill ALL of the following criteria.:
        Have registered with 123RF.com before February 1, 2012.
        Have at least 150 accepted images in their respective portfolios by January 9, 2012.
        Have had a minimum of 10 paid downloads by January 27, 2012.
    All new contributors who start submitting images to 123RF.com AFTER January 27, 2012 OR do not meet all the criteria above shall be enrolled under the new commission structure.
    For our veteran contributors who have been supporting us all this while, we thank you for your support and we will try our best to grow the business further in 2012. We will also try our very best to maintain the levels of 50% nett commission to you for as long as possible.

More details on the new commission structure shall be announced closer very soon.

In the light of the criteria above:

    We urge you to continue uploading your images to 123RF.com if you havent already met all of the criteria above.
    We believe it is more expedient to upload your images now rather than later if you havent met the sales quota criteria.

Thank you very much for your attention,
Best Regards,"


Seems the deadlines have changed a bit, but still nothing concrete on the new structure.
« Last Edit: January 19, 2012, 18:32 by THP »

ruxpriencdiam

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« Reply #3 on: January 20, 2012, 12:10 »
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I just saw that today as well now my work is cut out for me but 150 is a breeze.

I have more then that that are Editorial and then all my other stuff just gonna be some real late nights now.

« Reply #4 on: January 20, 2012, 12:16 »
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I wonder what you mean Rux?
a breeze?
Are you refering to the "wind of change"?
or what?

« Reply #5 on: January 20, 2012, 12:18 »
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You had to have 150 on line by Jan 9th.

« Reply #6 on: January 20, 2012, 13:27 »
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You had to have 150 on line by Jan 9th.

It appears some editing was done but not very carefully. Why have a registration deadline of February 1st with a requirement to have 150 images accepted by a month earlier than that?

I also don't like this "We will also try our very best to maintain the levels of 50% nett commission to you for as long as possible." W*T*F is that supposed to mean?
« Last Edit: January 20, 2012, 13:32 by jsnover »

« Reply #7 on: January 20, 2012, 13:46 »
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that means that they have gotten expenses.
Like new servers in Phoenix, new thai massage girl, healthcare and things for the employees.

ruxpriencdiam

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« Reply #8 on: January 20, 2012, 14:41 »
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This here doesnt make any sense at all!

        Have registered with 123RF.com before February 1, 2012.
        Have at least 150 accepted images in their respective portfolios by January 9, 2012.
        Have had a minimum of 10 paid downloads by January 27, 2012.
    All new contributors who start submitting images to 123RF.com AFTER January 27, 2012 OR do not meet all the criteria above shall be enrolled under the new commission structure.

lisafx

« Reply #9 on: January 20, 2012, 15:10 »
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Is anyone else concerned about this sentence (emphasis added by me): We will also try our very best to maintain the levels of 50% nett commission to you for as long as possible.

« Reply #10 on: January 20, 2012, 15:19 »
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Is anyone else concerned about this sentence (emphasis added by me): We will also try our very best to maintain the levels of 50% nett commission to you for as long as possible.

right, have read that too and wondered the same, perhaps its just a way of speaking/saying

« Reply #11 on: January 20, 2012, 16:44 »
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Is anyone else concerned about this sentence (emphasis added by me): We will also try our very best to maintain the levels of 50% nett commission to you for as long as possible.


Yes, me!

In addition to my comment above, see here in the first thread about this proposed cut.

I can't imagine what forces - other than raw greed - could be pressuring them to reduce the level of royalties they pay contributors. Have their costs gone up or some other aspect of their business changed? I'm more than sympathetic to some real business problem (and I don't consider greed on the part of a company to be a real business problem, just in case I hadn't made that clear) that might need to be addressed by contributors as well as the agency. I haven't heard any statement of a problem - just these vague words suggesting they're trying hard for us. Gee, thanks so much (NOT).

Color me uncomfortable with the direction things are proceeding here.

lisafx

« Reply #12 on: January 20, 2012, 16:50 »
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Color me uncomfortable with the direction things are proceeding here.

Absolutely!  Their statement reads to me like "we're just cutting newbies for now, but established folks can expect to be cut later if we don't reach our (unspecified) goals". 

« Reply #13 on: January 20, 2012, 16:58 »
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I have decided to drop them over this.  The announcement has come too late, does not follow the terms of the announcement which a few contributors received by email before Christmas and crucially - doesn't even spell out the new commission rate for those that don't make the cut or sign up from this point onwards.

This is very poor.  I know I have said this already, but I walked away from iStock when they started treating me poorly and I am not going to accept it from somewhere else, especially not a minor player like 123RF.

« Reply #14 on: January 20, 2012, 17:45 »
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Is anyone else concerned about this sentence (emphasis added by me): We will also try our very best to maintain the levels of 50% nett commission to you for as long as possible.

Well, the response can only be: I will try my very best to keep on supporting 123RF for as long as reasonable.

« Reply #15 on: January 20, 2012, 17:54 »
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Is anyone else concerned about this sentence (emphasis added by me): We will also try our very best to maintain the levels of 50% nett commission to you for as long as possible.

Well, the response can only be: I will try my very best to keep on supporting 123RF for as long as reasonable.

if it happens which I dont believe, it will never be from 50% to 15%, they arent iStock at least in terms of sales/traffic but hey at this point we shoudnt make any predictions, will see..

lisafx

« Reply #16 on: January 20, 2012, 19:07 »
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Is anyone else concerned about this sentence (emphasis added by me): We will also try our very best to maintain the levels of 50% nett commission to you for as long as possible.

Well, the response can only be: I will try my very best to keep on supporting 123RF for as long as reasonable.

Perfect!  ;D

« Reply #17 on: January 20, 2012, 19:35 »
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So, what's the cut exactly? From 50% to....?

« Reply #18 on: January 20, 2012, 20:27 »
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Hi all,

I read this forum for a while now, but unfortunately I missed the announcement 123rf made here about the changes in royalties. Never received an email about it, not a site mail or anything else for that matter. Two days ago I logged in my 123 account and saw the announcement on the earnings page. Well, that's just great! I have a tiny portfolio of around 100 vector illustrations and way more downloads than required to remain at my royalty level. And now, because I don't fulfill all three requirements, my earnings are going to suffer.

I can (hardly) understand the need for this cut, but the thing that's really disappointing in this case is the lack of communication between the agency and the contributors. An agency that was considered one of the best in that area of business. Really, 123? How was it even possible for anyone who doesn't visit MSG forum regularly to be informed in a timely manner about these changes? When you finally posted the requirements on the site it was already january 18! "Have at least 150 accepted images in their respective portfolios by January 9, 2012." Someone give me a time machine, please ;)

And the thing that's even more disturbing is the following sentence: "We will also try our very best to maintain the levels of 50% nett commission to you for as long as possible." At first I thought that's the only good thing about this whole mess (let the hard working, long time contributors have some deserved privileges) but on a second look, even that's not sure.

Such a disappointment!  >:(

« Reply #19 on: January 21, 2012, 06:57 »
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After my disappointment on the unprofessional communication to their contributors (especially the ones that don't read MSG that often) I considered to stop posting. The only thing keeping me posting is expecting they will install a way to get a method to be able to upgrade your contribution percentage once you reach the now installed rules. But my confidence on this is very low.

« Reply #20 on: January 21, 2012, 07:49 »
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Does anyone else see that we as contributors are at least partly to blame for this?

123RF gives us a very fair commission of 50%, they perform pretty well for us, and in the meantime new agencies pop up offering lower commissions and prices and we stand in line to join. 

It's the Fotolia story all over again.  How can we expect the larger players that sell at higher prices and offer decent commissions to maintain those prices and commissions if we keep adding to the "race to the bottom" pressure?  It's simple economics, and we're a big part of the equation.

« Reply #21 on: January 21, 2012, 10:40 »
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that means that they have gotten expenses.
Like new servers in Phoenix, new thai massage girl, healthcare and things for the employees.

Does that mean that soon Cirque du Soleil will be entertaining at company parties and the owners will be buying new yachts, helicopters and ski in homes in Aspen.

All at our expense.

« Reply #22 on: January 21, 2012, 14:03 »
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Does anyone else see that we as contributors are at least partly to blame for this?...

No

« Reply #23 on: January 21, 2012, 15:29 »
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Is anyone else concerned about this sentence (emphasis added by me): We will also try our very best to maintain the levels of 50% nett commission to you for as long as possible.

Well, the response can only be: I will try my very best to keep on supporting 123RF for as long as reasonable.

Perfect!  ;D
I agree

« Reply #24 on: January 21, 2012, 15:59 »
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Does anyone else see that we as contributors are at least partly to blame for this?

123RF gives us a very fair commission of 50%, they perform pretty well for us, and in the meantime new agencies pop up offering lower commissions and prices and we stand in line to join. 

It's the Fotolia story all over again.  How can we expect the larger players that sell at higher prices and offer decent commissions to maintain those prices and commissions if we keep adding to the "race to the bottom" pressure?  It's simple economics, and we're a big part of the equation.
I agree.  Most of the problem is us but if you think about what people put up with in their lives, it shouldn't be a surprise.  It's amazing the amount of time that's wasted discussing the latest calamity with istock.  If we all left, there wouldn't be a problem anymore and the other sites would know there's only so far they can push contributors.  Some of the most anti istock people have been busy uploading all they can to them while complaining about them constantly here.

I'm guilty of still having my portfolio there but after nearly a year of uploading nothing and deleting lots of images, I thought it was pointless.  Too many people are willing to carry on as normal when commissions are cut, I don't gain anything removing my portfolio when they are so well supported by other contributors.


 

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