iStockphoto has long used a “credit” payment system that lets you buy images and other stock files with credits instead of dollars.
Until recently, the only option available for purchasing stock files at iStockphoto has been to purchase credits and then purchase the files with those purchased credits. Additionally, the actual dollar value of a credit may be different depending on how many credits you purchase in bulk. For those who buy lots of images on a frequent basis, the bulk purchase of credits makes sense. However, those who only occasionally purchase stock images or other files encounter problems with understanding the credit-to-dollar value of files, as well as the possibility of your credits expiring (it’s happened to me).
The new Shopping Cart Checkout at iStock now allows you to purchase stock images without having to first purchase iStock credits. When you add a file to your shopping cart, you will see the price in dollars and not credits.
iStockphoto has now made “editorial use only” images available for purchase. Unlike the millions of other pre-existing royalty-free images on iStockphoto, the new editorial collection of images are strictly for non-commercial use and “are intended for use by news outlets, publishers, magazines, bloggers and presenters as a descriptive visual reference to a product, place, event or concept.”
Additionally, contributing photographers will generally not be required to submit a model release for editorial images, nor is there a need to remove trademarks or other branding from editorial images.
More details on the new editorial image collection in iStock’s press release below. [click to continue…]
iStockphoto is crossing over into the editorial licensing realm for stock photography. Rolling out in 2011, iStock will only be accepting editorial submissions for specific categories, such as products, architecture and landmarks, travel and lifestyle, social commentary, and urban living. iStock is expressly avoiding submissions for time-sensitive news and traditional photo journalism.
You can find a thorough review of the new editorial submission guidelines in this article on iStockphoto’s website.
Seemingly out of the blue, iStockphoto announced a major change in stock photography royalty rates starting in 2011.
Gone are the days of when a contributor’s canister level (based on number of total downloads) determined the royalty rate received by the contributor. Starting in 2011, the royalty rate will be based on annual “targets” of redeemed credits. [click to continue…]
Taking Stock: Make Money in Microstock Creating Photos That Sell is a new book from photographer, Rob Sylvan. In Taking Stock, Sylvan addresses “how to shoot, edit and keyword photos that sell” on microstock sites like iStockphoto.
If you’ve ever tried your hand at microstock photography, then you understand how challenging it is to acquire the right formula for image upload acceptance, let alone sales. Sylvan is an iStockphoto inspector and well-respected member of the iStock community, so picking up this book might be a good idea for those who need to brush up on their stock photo skills.
Taking Stock: Make Money in Microstock Creating Photos That Sell carries a retail price of $29.99; however, it can currently be found on Amazon.com for $19.79.
More details in the full press release below.
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iStockphoto has officially launched its website redesign. The new design offers a more modern appearance with improved navigation.
More details in the press release below. [click to continue…]