My wife and I began selling photos online over two years ago as a way to earn a little extra money out of something we enjoyed. At the time we had a little 4 megapixel point-n-shoot camera but since my wife knew a little about photo editing from studying graphic design in college. At the time we thought we knew about photography, we soon realized we didn’t know that much at all.
We only earned $16 in our first month, but with persistence and lots of research we raised this to $270 in six months. As it was a part time hobby we didn’t expect it to earn so much so quickly, but this early success convinced us of the potential and we quickly invested in a digital SLR. Over two years later we’re now earning around $600 each month with a modest portfolio of around 700 photos listed with eight agencies. We’re still hobbyist photographers creating stock photos in our spare time.
Who sells photos in the microstock market? I’ve reached hundreds of other microstock stock photo sellers through the internet and have been amazed at the variety of individuals who are contributing to this market, each with a similarly impressive variety of reasons. There are retired couples who simply want to see their photos published and I have met people who make tens of thousands of dollars each month. For some microstock is their job and for others, like myself it is simply a portion of my overall income. Amazingly, one of the largest groups of contributors are photography students - both those who have chosen photography as their career and hobbyists who study for fun.
Why is microstock so good for students? The three main reasons include: freedom; money; and education.
To participate with Microstock is free and there are no set working hours, no bosses to order you around and no due dates. Microstock actually pays you money for your photographs, which is really great since photography is not a cheap hobby. Most importantly, if you’re interested in learning about the commercial side of photography Microstock is a great learning tool. Who could be a better instructor than a global market of photo buyers?
Isn’t microstock ‘bad’ for the industry? If you have been interested in selling stock photography for a while you may have already found that microstock is controversial. Since the concept works only with the Internet and high quality digital cameras it’s still relatively new. Because of that there are still many professional stock photographers with strong feelings about the impact microstock is having on the industry.
I have personally spoken with some of the world’s most successful stock photographers and they tell me that they’re not noticing any impact on their business from microstock. Photos compete on quality and not price (microstock photos sell cheaper but in higher quantity) and there will always be buyers interested in the top level of the market, regardless of the price.
It’s also makes sense to assume that the hundreds of photographers who now earn a living with microstock have displaced some ‘traditional’ stock photographers. This is a natural phenomenon and happens with any technological change as big as the Internet and digital photography and it’s completely understandable that those on the receiving end are not happy about it.
Microstock has also brought new buyers to the market. Small businesses, charities and bloggers weren’t big buyers of stock photos when they cost $350 or more. Now that blog size images are $1 and print size images are $10, you can imagine how sales have increased.
So how much can I earn in microstock? The amount depends on both the quality and quantity of photographs you can produce. Those who work full time with microstock and have a portfolio of 7,000 high quality images or more can easily earn over $20,000 per MONTH! On the flip side, those contributors who have only a handful of images earn just a few dollars. Like me, you’ll most likely find yourself between these two extremes.
I earn just a bit under $1 per photo per month. You can find monthly earnings, figures and links to various portfolios with a quick Google search. With this information you can quickly compare your portfolio or photography skills to figure out, more or less, how much you could expect to earn with your photos in the microstock market.
Is microstock easy? Not at the beginning, it isn’t. Many online agencies require a test submission which is generally stricter than their typical review process. Microstock agencies also review submissions based on what sells, which is images that are super sharp, noiseless and commercially appealing. Because of this initial review many of the established and highly skilled photographers experience early rejections and quickly dismiss the microstock opportunity. You can start with some of the middle tier agencies which don’t require you to pass a test. In doing this you can easily get an idea of what types of photos are being accepted and which ones sell well. After that, it’s relatively easy to start earning money.
Doing some research you can find examples the best selling photos. Typically most are simple shots taken with the intention of selling for stock, but with no more preparation that being in the correct spot with your camera. Many photos can earn over $30 per month though the potential success will vary between agencies.
It’s also not easy to create above-average success. The average per-photo earnings of many of the top microstock contributors can be up to ten times what I currently make, so you can imagine the difference in the quality and appeal of the photos they produce. They also need to repeat this success many times to create a portfolio large enough to raise their earnings above average.
How can I improve my chances of success? These are some hints for those who are interested in getting started selling their photos in the microstock market:
It is important to manage your expectations. I know this sounds easier than it actually is. A common sales pitch generally will read, “click here to start earning money from the photos sitting idle on your computer”. This is not very realistic and chances are you’ll quickly quit if you begin with this expectation. It is important to do your own research to figure out what sells, create those photos well, and be smart about how your contribute. Concentrate on workflow.
If you plan to contribute lots of photos it makes sense to have an efficient workflow so you don’t waste time doing unnecessary repetitive tasks. Do your research and refine your workflow so you can get a quality product into the market as efficiently as possible. Microstock is business. If you’re an artist more than a commercial photographer you may want to seriously consider if you and microstock are a good match. Artistic photos will sell in the microstock market, but not nearly as well as commercial photos.
Research. I’ve already given you some ideas to research but don’t stop with those. Get every one of your questions answered prior to beginning so you save time and don’t do anything that doesn’t work to your advantage. There are many things written on the internet for people who are interested in selling photos in the microstock market.
6 Microstock Sites Where You can Make Money from Your Photos Here are a number of Microstock programs that offer photographers money for their images: Shutterastock, Dreamstime, Crestock, fotolia, 123rf, Stockxpert.
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