Monday, September 7, 2009

End of Year Goal

Ok.....so I finally get around to it.

The target.

Goal, aim, milestone.....stake in the ground. As you will.

As aspiring microstockers, there needs to be a goal we set for ourselves. The reason for the goal may differ, but the common aim is for it to stretch us more than we would typically like, yet not so much that it is unachievable.

As far as microstocking goals go, I think there are two key indicators that can be used - Earnings, and Number of approved photos. The former is the ultimate indicator of success, but can be subject to seasonal variation in demand, price policy changes at the major sites and changing credit/subscription ratios of downloads. The latter doesn't indicate the profitability of your portfolio - a large number of photos in a niche market may not yield good return - but does provide a stable, consistent measure of effort.

Current achievement:

Below are my current portfolio sizes across the various MS sites:
  • iStockPhoto: 36
  • ShutterStock: 40
  • Dreamstime: 61
  • BigStockPhoto: 80
  • Fotolia: 74
  • 123rf: 89
On average, that comes to around 60 photos / site. My earnings last month were $11, and the average over the last 6 months has been $9.50.

Goal:

To hope to progress further, more quickly....I aim to achieve the following by 1st of January 2010:

Approved photos:
  • iStockPhoto: 50
  • ShutterStock: 55
  • Average across all sites: 75
Earnings:
  • Sep 09 - Dec 09: At least one month with $30 sales
  • Jul 09 - Dec 09: Average of $20 / month
As an additional goal, I also aim to upload at least 3 videos to iStockVideo (and thus pass the test to become a regular contributor). Given my new Nikon D90...I owe it to myself.

.....

So there you have it.
My goals to achieve by 1st of January 2010.

What are yours?

1 comment:

  1. Looks like a realistic goal sourabhj.

    Ok, my progress so far...
    May '09: acquired camera and lenses
    Jun '09: acquired tripod, UV filters
    Aug '09: acquired Picasa, GIMP software
    Sep '09: acquired CPL and ND filters, standard zoom lens

    So far so good - I have the gear (well, as of writing the zoom lens is in the mail), the software and the motivation.

    End of year goal
    Given its mid-Sept and I will be away on holidays for 1.5 months between now and year-end, this leaves me 2 months of productive time in which I will endeavour to:

    Register with the major microstock websites: iStockPhoto, Shutterstock, Dreamstime, BigStockPhoto, Fotolia
    Submit 10 photos to each website
    Have a total income of $2 (estimated using your income per image)

    The Canon 40D doesn't take video so I can't participate in the video stakes but anyway, one thing at a time...

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