The +500px Prime stock photography sales functionality from +500px has been released. Here's more detail on the new service from their FAQ:
"For licensed photos on 500px Prime, you are guaranteed 70% of the proceeds from every sale. Currently all photos on 500px Prime are $250 (USD), so this will give you $175 for every license sale."
While the fixed price of $250 can leave a lot of money on the table since images can license for fees in the thousands of dollars (as 500px also mentions in the FAQ), the payout of 70% is high, at least partially compensating. Hopefully the $250 is a teaser rate, which will be replaced by market prices once 500px Prime has attracted a critical mass of buyers.
NEW: Submit Your Photos Now To 500px Prime!
http://500px.com/blog/1101/new-submit-your-photos-now-to-500px-prime
#stockphotography #photographybusiness
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Amazing
I saw this a while back and said NO WAY will I license stuff for under $xxx.xx. We will see what happens. Either they will help kill the prices of licensing, or they will come around.
ITS AWESOME
+Jeff Sullivan I've had a couple of images invited, I'm curious to see how it develops. I didn't license all of them, I'm first trying out with two.
On a related note, you may be interested in checking out ImageBrief (http://www.imagebrief.com/r/a2PpqM), if you haven't yet. It's an interesting service that gives you access to briefs sent by buyers, and allows you to submit candidate images that you feel fit the client's requirements. You get 70% of the negotiated fee. I'm also trying it out. It looks to me a much better approach (more focused) than just sending out photos to (micro) stock agencies...
+Daniel Schwabe your images have to be invited for it? If so that changes things lol.
+J. Rae Chip I think they invited some people as a way to pre-load the website, before they launched the full service (as I understand it). I believe now you can submit directly. But it appears they are still actively recruiting members as well.
Amazing
The pricing is one thing, and 70% is a lot better than the 30% they originally announced - but my problem is the license itself. While I favour RM over RF - even for RF this is a pretty broad license. I don't think I want to give others the worldwide rights to resell or print my work for that licensing rate.
+Michael Russell Sorry, the 70% refers to 500px or ImageBrief (where I mentioned 70%)? My comment referred to ImageBrief, and the license is negotiated on a case by case basis. So I presume you must be referring to the 500px terms, is this correct?
+Daniel Schwabe I was referring to 500px, but I guess the 70% itself does refer to ImageBrief as well. Very different licensing models as you point out. While I haven't used any of 500px's services since last year, I do submit to ImageBrief when I have an image that is appropriate.