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steenkybastage
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Posted: 8/1/2012 1:22:31 PM

THE IMAGE ABOVE IS A PAID ADVERTISEMENT
I've been really kicking around the idea of closing up shop, selling our house/business, buying an RV and simply taking the family traveling for the next few years. Wondering how feasible it is to shoot some stock footage/photos while looking for video and other production work.

My thinking is that it would take a lot of time (years) to build up much of a revenue stream in order to generate even a modest income, although I certainly wouldn't mind being wrong.

My wife (creative) and I (technical) would still try to do some odds and end type work... graphic design, videographer, etc., but would like to find a way to start supplementing our income with something that doesn't require direct work for direct pay. I know there's a lot of up front work in building a good library of material to sell, but I also think it would be more enjoyable compared to dealing with people and deadlines non-stop.

Anyone doing any of this (or similar) have any experience or tips to think of up front?

Calculating costs of what it would take to do this is a little daunting... although it helps to already have a bit of the gear and some equity to start up with.
Sharpshooter
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Posted: 8/1/2012 1:59:12 PM
I sell stock images ,it can be ok supplemental income, but it can be slow getting started. I recently submitted some images to Cavan (Getty images) for review they take three weeks to get back to you . They pay more money than other stock image companies but they unlike other companies want to own the copy right to your images. Shutter point works well as do a few other outlets. If you are going to be traveling then selling stock images would fit into that well, manage to take plenty of images just making sure to take a camera with me every where I go. I never leave the house without one.
MissSnW
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Posted: 8/3/2012 7:54:22 PM
I've also considered this. When you say "supplemental income", how much money are you talking about?
Are you sure about that?
Sharpshooter
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Posted: 8/5/2012 12:14:57 PM
[Last Edit: 8/5/2012 12:17:20 PM by Sharpshooter]
Originally Posted By MissSnW:
I've also considered this. When you say "supplemental income", how much money are you talking about?



What I am saying is that you can make as little as a few cents per each use of your photo which is the most common way way you make money to several dollar depending on the image is purchased. A lot of these companies have different ways of doing business, the better ones allow you to keep 80% of the sale of your work every time stock is purchased. But that does not mean you are getting rich every time someone buys one of your images for use in a presentation , a report or what ever they are doing. You can also make several dollars, it all depends on what type of photo it is. If you are where the action is and there is lots of news worthy events going on the news worthy stock imagery is worth more than my landscapes of Oklahoma , Texas and where ever else I am traveling to at the time.

One of the reasons I am currently talking to Cavan Images right now is that they pay a lot more for every image they buy from you. A person if they sell a lot of images to them could make a tidy some , but when you sell to Cavan you are also agreeing to sell your copy right to the image, they do allow a fine art use of the image by you and they allow you to use the image in your portfolio. But you cant sell the images on your own like you can with the other stock image companies. With companies like shutter stock you retain your copyright. I actually sell a lot of my stock images independently of stock agencies in addition to using shutter stock.

Depending on how much you shoot and submit you can potentially make anywhere from an extra few hundred to several thousand dollars a year from stock photography. I know of no one that earns a living shooting stock photos exclusively. That would be hard living IMO you would be busy all day long shooting images of pretty much a lot of things. Some stock agencies issue assignments with criteria and those pay more money because there is a specific client wanting a specific photograph and some agencies actually charge you to use their services.

I hope all of that answers your questions.
steenkybastage
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Posted: 8/6/2012 9:15:21 AM
Thanks for the input SS.

Mind if I ask what types of photos you are taking?

I know some of the big-boy stuff (licensed by region, nationally, etc) fetches a much larger paycheck... at least to the agency. I think that the odds of landing footage (or pictures) that gets used frequently (if at all) are quite slim there, though.

I'd be considering video (city skylines, timelapse, other motion) as a primary and toss in any photos as we come across them. When I edit video I often find that there just isn't what I'm looking for in stock video... which is why I thought to consider this route.
steenkybastage
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Posted: 8/6/2012 9:20:52 AM
Originally Posted By MissSnW:
I've also considered this. When you say "supplemental income", how much money are you talking about?


Well, more = better.

The consideration is to support a family of 3 (one more on the way soon) by doing jobs available while traveling. So we wouldn't be relying on stock video/photos for a primary source of income, but any extra boost would help... plus there is a potential to have it continue to generate revenue down the road with little/no additional effort.

Right now we do graphic design, photo and video capture and editing. Seriously considering getting a steadicam and using the next year or so of travel to practice with.
Sharpshooter
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Posted: 8/6/2012 10:18:27 AM
Originally Posted By steenkybastage:
Thanks for the input SS.

Mind if I ask what types of photos you are taking?

I know some of the big-boy stuff (licensed by region, nationally, etc) fetches a much larger paycheck... at least to the agency. I think that the odds of landing footage (or pictures) that gets used frequently (if at all) are quite slim there, though.

I'd be considering video (city skylines, timelapse, other motion) as a primary and toss in any photos as we come across them. When I edit video I often find that there just isn't what I'm looking for in stock video... which is why I thought to consider this route.


As I have mentioned in the past I primarily shoot landscapes , scenics, cityscapes, some architectural photography. I don't live where the news is happening and am not in a habit of traveling to news hot points so to speak. So as a rule I am not selling stock imagery to news outlets which as I mentioned earlier does command a premium. ALL of the stock image brokers pay a premium for news worthy stock photography and video.

Some of my landscapes are used frequently especially some of my wind turbine shots. I can travel in a 20 mile circle from my home and take 100 photographs of Wind Turbine farms that without a doubt will all look as if they were shot in different parts of the US or the world depending on what time of the year they were shot.

I have tried a lot of different agencies and have had mixed results and I contribute to multiple agencies and also sell own my own. If you are looking at selling high end commercial video I recommend looking into Corbis they pay well , but they are in the deep end of the pool and want really high quality work. The work accepted at shutter stock will not be accepted there.

Its also one of the reasons I am looking at upgrading my equipment because I am reaching the limitations of my current camera, I can only create a 25mb raw file and certain companies like CAVAN will not accept JPG submissions they demand the RAW file but they are also purchasing copyright.

Any other questions let me know gang I will do my best to answer them.