The Microstock Industry in 2011, Pt. 2: The contributor side
Tuesday, July 12th, 2011In the first part of this article we looked a bit at “what you see” in the microstock industry today. But what does all this mean? There are, depending on your function and position in the market, different answers. Let us have a look at the contributor side first. For them there are numerous implications.
- In order to “survive” Contributors will have to produce better content. “Better” here is used in a broad sense: it does not only mean the visual quality of the picture – contributors love to focus on that. It also means that the picture has to transport a concept and the description / keywords have to verbalize this in a way understood both by the search engines and ranking algorithms of the agencies and the customers looking for pictures. Contributors will have to understand not only photography but also an agency (and their IT-systems) that treats them like air, a customer they do not know and a topic (in the picture) that is not theirs. In short: they will have to become much better in solving equations with lots of unknown variables.
- Contributors will have to produce more content and be able to process such content down the chain. They will very carefully have to decide whether they do everything themselves or whether or not it is wise to have other people process some given task, due to quality or for economic reasons. In order to decide this they will have to become aware of the processes they use, streamline them and make them outsourceable. They will, in fact, have to become a business.
- As with every business, the ability to act quickly and put the resources needed into every action will become more important. Microstock is a game where the contributor puts the money on the table first without knowing whether they will profit from that investment. The more one produces the more resources are needed to put in action. This is a financial as well as a logistical issue. For most new contributors with an emphasis on the first issue, for most established ones on the second.
- Contributors will have to have a much closer look on the market. Today many contributors still operate without any market research or content development based on the premise “produce and then see what happens”.



