February 4, 2012

STEP #12: Wait for approval

After you uploaded your images you usually have to wait a few days before you know if they are accepted or not. If you followed the advice in the previous steps you have a good chance to get them accepted in your first attempt but don’t give up if you failed the first time.

If they are rejected you need to find out why. It’s not always easy because many agencies just say “rejected” and leave some vague reasons why. Analyze all information you have and redo step #7-12 again and do NOT give up. It sometimes takes a few attempts but eventually you get the hang of it.

If you’re images are approved then congratulations!

After your images are approved you still have some work to do. First you have to give the images a title and don’t forget to include the most important keyword in the title if possible.

You also should write a short description of the image and here you should also include keywords whenever you can.

If you didn’t embed the keywords in the image you now need to copy and paste your keyword from the text file to the web interface.

REMEMBER: Keywords are extremely important to make your images visible when the photo buyers search for keywords. Without relevant keywords your images exist in vacuum and will not be noticed.

OK, so you have now passed the 12 steps to a big profit microstock photography business is ready to try your wings but guess what…

There’s More To Come

I have added two more steps that will transform it from being a “big profit” microstock photography business to a “kick-ass mega profit” photography business.

The last two steps is what separates the leaders from the followers in this business so read, underline and memorize the last two steps.

But before you continue – you need to promise me to take action. It will make you no good if this information ends up slumbering on your hard drive or as a nagging thought in your brain making you feel as a procrastinator.

Next step is due tomorrow so stay tuned!

Previous posts in this series:

  1. Microstock Photography Tutorial
  2. Types of stock photography
  3. STEP #1: Research hot selling markets
  4. STEP #2: Leverage on your strength
  5. STEP #3: Research for lame and lazy competition
  6. STEP #4: Determine A Niche For Your Microstock Photography
  7. STEP #5: Shortlist Microstock Photography agencies
  8. STEP #6: Select one (1) microstock photography agency
  9. STEP #7: Select stock images with good technical quality
  10. STEP #8: Select images that are commercially useful
  11. STEP #9: Remove images with potentially legal issues
  12. STEP #10: How To Keyword Your Images
  13. STEP #11: Submit your images to microstock agencies
Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn

STEP #9: Remove images with potentially legal issues

It’s potentially dangerous to ignore this step when you make your image submissions to microstock agencies because you might end up as a jailbird or end up in the poorhouse if you’re not careful.

You need to have a basic understanding of the law before you make your first submission. It’s luckily not that complicated and the most important parts can be condensed in a few bullets:

  • Always make sure you have a signed model release if you sell the image for commercial use (advertising etc.) and the image contains recognizable individuals.
  • Always make sure you have a signed property release if you sell the image for commercial use and the image contains recognizable private property.
  • Always make sure you have a signed model release or property release if you sell images with Royalty free license and the image contains recognizable individuals or private property
  • You can sell images with recognizable individuals or private property without model or property release but only if you sell the image with Rights Managed license for editorial use
  • If there are several recognizable individuals all of them needs to sign the property release
  • If the recognizable individual is under aged the parent must sign the property release.

I recommend you always try to get a model release whenever you can. Imagine Coca Cola offered you $20,000 for exclusive use in one of their campaign and you didn’t have a model release. That would suck, right?

Both you, the stock agency and the end user could be sued if you break the law so always be careful with commercial issues.

I’ve created a free video to to help you stay on the right side of the law. Watch the free video by clicking on this link.

Disclaimer: I’m nor a lawyer neither a professional on legal stuff and I recommend you always ask for advice by a trained professional.

Previous posts in this series:

  1. Microstock Photography Tutorial
  2. Types of stock photography
  3. STEP #1: Research hot selling markets
  4. STEP #2: Leverage on your strength
  5. STEP #3: Research for lame and lazy competition
  6. STEP #4: Determine A Niche For Your Microstock Photography
  7. STEP #5: Shortlist Microstock Photography agencies
  8. STEP #6: Select one (1) microstock photography agency
  9. STEP #7: Select stock images with good technical quality
  10. STEP #8: Select images that are commercially useful
Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn

STEP #4: Determine A Niche For Your Microstock Photography

Time for next step in the microstock photography startup checklist:

The perfect market is a market with:

  • Lot’s of hungry buyers
  • Limited competition
  • Something you’re passionate about

You should know what you’re passionate about but how do you find markets with hungry buyers and limited competition?

Easy, you spy on your competitors and photo buyers. It’s a bit sneaky but it’s perfectly legal and it’s a brilliant method.

Just go to iStockphoto.com or any other microstock agency and they will disclose this information for you if you know where to look at it.

Think about it for a while. The number of downloads is the same as demand. Many downloads of an image means lot’s of hungry buyers right?

And the number of images in a certain market is the same as competition, right? Many images means lot’s of fierce competition.

Here’s a screenshot from the worlds largest microstock agency where I’ve marked how you can easily find markets with lazy competition and lot’s of thirsty (even hungry and desperate) buyers by using readily available information.

See how incredibly easy it is to spy on your competition and photo buyers?

Let’s take this screenshot from iStockphoto below as a practical example on how to calculate a good market.

All you have to do to find a market with hungry buyers and limited competition is to divide the number of downloads with the number of images for a certain market. The higher ratio you get the better market.

In this example we have 400 downloads / 980 images for the market trout fishing which gives us a ratio of 0.408. To make sure trout fishing have enough depth you can take the average downloads of the first 10 images and divide with the number of images.

Just make sure you use the same method for all markets/keywords when you compare them ;-)

Your first strategic decision is now to decide which market/niche to enter.

Later you’ll expand to more markets to enter to really explode your sales but I’ll come back to that at a later post.

Previous posts in this series:

  1. Microstock Photography Tutorial
  2. Types of stock photography
  3. STEP #1: Research hot selling markets
  4. STEP #2: Leverage on your strength
  5. STEP #3: Research for lame and lazy competition
Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn