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OT - Finally - in the money!

Discussion

5 replies
Posted by John Klotz on April 16, 2008 at 11:26 PM
After 2-1/2 years I have licensed two of my images on a stock deal. I used FotoQoute Pro to help with the priceing and licensing which
much more than earned back the cost of the program. :smile:
Thanks to who ever recommended that program to me!
John
Posted by Guy Schmickle on April 16, 2008 at 11:51 PM
Congrats man! So far my attempts to use FotoQuote Pro to determine pricing have resulted in mostly silence and/or no thank yous from clients. I'm not saying that the software is pricing things too high. It's more like people want to get something for nothing. :frown:
Posted by John Klotz on April 17, 2008 at 12:32 AM
It is definitly the latter Guy. Penny stock houses are making it very difficult for those of us actually trying tt make money at this. Even Getty Images is on the auction block - they are one of the premeir stock image houses. Using the lower end of the FotoQuote prices did the trick in this case.
John
Posted by Ken Wyatt on April 17, 2008 at 10:50 AM
Thanks to who ever recommended that program to me!


Could have been me - you're welcome!

Thanks for not "giving away" you're intellectual property rights. As you've noted, FotoQuote also offers licensing guidance and negotiation coaching; both probably worth the cost of the software. FotoQuote always suggests a range of pricing - high, low and median - and the price you negotiate needs to also reflect the local/regional market. That's why it's also important to cross-check what other professional photographers in your area are charging. Microstock houses are also driving prices downwards lately. If you want to get a good idea on current "rights-managed" or "royalty free" pricing, create an account with Getty (you don't have to buy anything! :wink: ) and check out their pricing schedules. This should give you a good idea what to charge. Stock sales certainly aren't what they used to be, but you should still get a few hundred bucks per image, depending on the usage.

Ken
Posted by James H Egbert on April 17, 2008 at 1:07 PM
Congrats! Good to see someone to finally make a real profit from their hard work!
Posted by John Klotz on April 17, 2008 at 11:55 PM
Ken, what you describe is pretty much what I did. Homework, studied the advice in FotoQ, asked around, checked Getty, already knew the client and their needs etc. It did not hurt that they liked the unique-ness of the work and wanted something different from what they have done in the past! And thanks for your advice too! I have learned so much from the folks on this forum, it has been an encouragement to keep clicking away.
John