Phil Posted December 5, 2023 Share Posted December 5, 2023 (edited) We're almost at the 6 month half-way point in the annual 1 July-to-1 July sales commission model qualification race. Currently I'm in Gold. But in this year's race I'm currently lagging waay behind from previous year. My sales are down over 80% for reasons unknown but perhaps macro economic ripple effect. Without an unusual spike up in sales between now and 1 July '24 it certainly appears I will be downgraded to Silver. What are the odds given the likely state of the economies in next 6 months? Not very good IMO. Edited December 7, 2023 by Phil change Link to comment Share on other sites More sharing options...
John Mitchell Posted December 5, 2023 Share Posted December 5, 2023 Sorry to hear about the big drop in sales. Hopefully things will improve. My gross income has remained fairly constant over the past few years. I've actually just surpassed last year's. Can't say I've really noticed much correlation between up and down economic conditions and image sales where my collection is concerned, but no doubt they have an effect. I had a small drop in earnings in 2021 during the pandemic, but things bounced back in 2022. Are your images doing well in relevant searches? That would seem to be the most important factor. 1 Link to comment Share on other sites More sharing options...
Phil Posted December 5, 2023 Author Share Posted December 5, 2023 45 minutes ago, John Mitchell said: Sorry to hear about the big drop in sales. Hopefully things will improve. My gross income has remained fairly constant over the past few years. I've actually just surpassed last year's. Can't say I've really noticed much correlation between up and down economic conditions and image sales where my collection is concerned, but no doubt they have an effect. I had a small drop in earnings in 2021 during the pandemic, but things bounced back in 2022. Are your images doing well in relevant searches? That would seem to be the most important factor. John - thanks for the thoughts - they're appreciated. As for doing well in relevant searches - a quick check of a couple recent sales showed them as being high on page 1 of search results with many pages of hits. Not sure how else to determine it. As well as the big reduction in sales quantity the average $$ per image for this 6 months is less than 50% of the same time period in previous year. I have a relatively small Alamy portfolio, however in previous times it has provided slow but reasonably regular sales at decent prices until mid-year 2023. I also have a small stock video portfolio on another platform and numerous contributors there are experiencing much the same. Not encouraging. Link to comment Share on other sites More sharing options...
Mr Standfast Posted December 5, 2023 Share Posted December 5, 2023 Thats a tough read Phil. Good luck. Link to comment Share on other sites More sharing options...
Sharon Posted December 5, 2023 Share Posted December 5, 2023 Phil, like you, I have a small port, but least you got to gold... for each of the last two years I was about $10.00 shy of reaching the gold level, and this year, well... very discouraging to say the least... 1 Link to comment Share on other sites More sharing options...
Inchiquin Posted December 5, 2023 Share Posted December 5, 2023 5 hours ago, Phil said: Without an unusual spike up in sales between now and 1 July '24 it certainly appears I will be downgraded to Silver. Looks like I may be joining you. After 12 years of annual earnings many times the cut-off point, and a really good first half to this year, my sales since early August have totalled a mere $42. Falling off a cliff is no exaggeration. Alan Link to comment Share on other sites More sharing options...
Brian Yarvin Posted December 5, 2023 Share Posted December 5, 2023 Phil, I don't think "macro economics" is an issue. Traditionally, stock photography has been counter-cyclical - it's known for doing better during downturns. The drops in sales that many of us are seeing are due to specific industry-related things like the endless price-cutting that has given way to huge numbers of free images. (although this isn't the only issue) It's important to watch developments in print media to see what's happening, it's a strange world out there. 1 Link to comment Share on other sites More sharing options...
Phil Posted December 5, 2023 Author Share Posted December 5, 2023 7 minutes ago, Inchiquin said: Looks like I may be joining you. After 12 years of annual earnings many times the cut-off point, and a really good first half to this year, my sales since early August have totalled a mere $42. Falling off a cliff is no exaggeration. Alan Alan -Yikes! Your portfolio size is 4X mine - yet we're both falling off the sales cliff. This is sounding more like a real trend... Link to comment Share on other sites More sharing options...
Jeffrey Isaac Greenberg Posted December 6, 2023 Share Posted December 6, 2023 7 hours ago, Phil said: I will be downgraded to Silver what is gold threshold? the day is coming when only a handful will be gold? my Alamy 2023 will be ~$38K gross down 21% from 2022 $47+K gross; Wall Street investments have been my financial heroes for years... I'M ALL ABOUT THE MEGA CAPS BABY stock photography, thank you for providing seed money years ago... 😍__ 😍__ 😍__ 😍 but long ago you were shoved to the financial back seat.. 😢__ 😢__ 😢__ 😢 Link to comment Share on other sites More sharing options...
Phil Posted December 6, 2023 Author Share Posted December 6, 2023 Jeff - Gold threshold is $250. Link to comment Share on other sites More sharing options...
Michael Ventura Posted December 6, 2023 Share Posted December 6, 2023 But what is the threshold to the next level, above Gold? Link to comment Share on other sites More sharing options...
Phil Posted December 6, 2023 Author Share Posted December 6, 2023 Above Gold is Platinum $25,000 1 1 Link to comment Share on other sites More sharing options...
Michael Ventura Posted December 6, 2023 Share Posted December 6, 2023 9 hours ago, Phil said: Above Gold is Platinum $25,000 Looks like Jeff is safe for now. 1 Link to comment Share on other sites More sharing options...
Jill Morgan Posted December 6, 2023 Share Posted December 6, 2023 I spent about 7 months in the silver basement the first year they started it. That was 3 years ago wasn't it? Managed to keep above water since. This calendar year has been my best since 2015. Jill 1 2 Link to comment Share on other sites More sharing options...
Jeffrey Isaac Greenberg Posted December 6, 2023 Share Posted December 6, 2023 it would NOT shock me to NOT breach $25K gross/yr by 2027... > $25K/yr gross = 50% exclu, 40% non-exclu ? $250.00 gross/yr -- $25K gross/yr = 40% exclu ??% non-exclu where is this chart...? thanks in advance Link to comment Share on other sites More sharing options...
Phil Posted December 6, 2023 Author Share Posted December 6, 2023 (edited) 1 hour ago, Jeffrey Isaac Greenberg said: where is this chart...? thanks in advance Contributor contract Clause/Section 12.10 - 12.15 https://www.alamy.com/terms/contributor.aspx#paying-you Edited December 6, 2023 by Phil 1 Link to comment Share on other sites More sharing options...
Normspics Posted December 6, 2023 Share Posted December 6, 2023 Sorry to hear about your down turn in sales Phil, I can sympathize as my $ earnings this year are about half of last year, yet the sales volume I have just equalled last year. It feels like a trend to lower prices is happening certainly for me in the last three months. I hope you can hold onto gold. 1 Link to comment Share on other sites More sharing options...
ROC Posted December 7, 2023 Share Posted December 7, 2023 My sales were 113 in 2022, 34 so far this year, and that’s with a lot more images added. I didn’t have any sales in October which hasn’t happened for years so I sympathise. Luckily I’ve had a couple of $*** sales so the difference in income between last year and this is not as wide a gap. It’s sad if this is the way forward. Link to comment Share on other sites More sharing options...
Jay D Posted December 7, 2023 Share Posted December 7, 2023 If there's a bracket below silver i'm possibly heading there although i've had an above $$ just drop in...1st sale since June. Plus i'm very aware my port is tiny to most so can't grumble. Link to comment Share on other sites More sharing options...
Phil Posted December 7, 2023 Author Share Posted December 7, 2023 (edited) 21 hours ago, Jay D said: If there's a bracket below silver i'm possibly heading there although i've had an above $$ just drop in...1st sale since June. Plus i'm very aware my port is tiny to most so can't grumble. Jay - Silver is the basement 20% bracket - nothing lower other than throwing in the towel. Edited December 8, 2023 by Phil typo 1 Link to comment Share on other sites More sharing options...
Inchiquin Posted December 8, 2023 Share Posted December 8, 2023 On 06/12/2023 at 15:06, Jill Morgan said: I spent about 7 months in the silver basement the first year they started it. That was 3 years ago wasn't it? Managed to keep above water since. This calendar year has been my best since 2015. It's good to know you can escape from the basement. I always imagined that once you drop down there, there's no way out. Alan 2 Link to comment Share on other sites More sharing options...
John Richmond Posted December 8, 2023 Share Posted December 8, 2023 21 hours ago, Phil said: Sliver is the basement 20% bracket An appropriate typo! 1 1 Link to comment Share on other sites More sharing options...
Phil Posted December 8, 2023 Author Share Posted December 8, 2023 37 minutes ago, John Richmond said: An appropriate typo! It was! Old eyes... Fixed it! Link to comment Share on other sites More sharing options...
Jill Morgan Posted December 8, 2023 Share Posted December 8, 2023 On 06/12/2023 at 12:35, Jeffrey Isaac Greenberg said: it would NOT shock me to NOT breach $25K gross/yr by 2027... > $25K/yr gross = 50% exclu, 40% non-exclu ? $250.00 gross/yr -- $25K gross/yr = 40% exclu ??% non-exclu where is this chart...? thanks in advance Not sure where the chart is Jeff. If you go under 25,000 it's 40%, exclusive or not. Jill Link to comment Share on other sites More sharing options...
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