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shutterstock
Joined: 22 Oct 2004
Posts: 1882
Location: New York, NY
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Posted: Wed Apr 04, 2007 6:57 pm
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Hey guys.. we're crunching the numbers, and will have an answer to you by the end of April on the pay raise.
Shutterstock is a computationally complex model.. And we're running all the numbers now. We should have a good feel for what the $199 price point does to our sales in the next couple of weeks. At that time, we will announce the raise. As you know - we take risk. If somebody comes in and downloads all of the photos allotted to them, we are net negative.
When I started Shutterstock, I made sure we would have the marketing dollars built into the buyer/download equation. This math has gotten a bit more complicated since day 1. We now have enhanced licenses, cd burns, 25 employees, 5500sqft of office space in Manhattan (between our 2 offices), a huge marketing budget, 130 servers, 2 data centers, and 55,000 wonderful photographers.
Remember - nothing out there like Shutterstock exists. When other risk-less models want to raise prices, they can give you a raise right away. We have to model it out - and make sure there is room for everything in the end. Please give us the next couple of weeks to do our job, and we'll be back at the end of April with news.
Thanks again
Jon Oringer, Founder/CEO
Shutterstock Inc.
Last edited by shutterstock on Mon Apr 23, 2007 3:27 pm; edited 1 time in total |
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cwwmbm
Joined: 21 Jul 2005
Posts: 1219
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Posted: Wed Apr 04, 2007 7:06 pm
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Jon,
I'd like to say that this is the most fair, open, sharing and at the same time official message I've ever read across all microstock sites. Thank you for this.
Andy |
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pigscanfly
Joined: 13 Mar 2006
Posts: 39
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Posted: Wed Apr 04, 2007 7:13 pm
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Thank you! |
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lincolnrogers
Joined: 26 Sep 2005
Posts: 264
Location: Take my advice... I'm not using it!
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Posted: Wed Apr 04, 2007 7:14 pm
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Very nice, Jon. SS is a great place to submit, and you guys seem to want to keep it that way.
LR |
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nemosdad
Joined: 10 Mar 2005
Posts: 516
Location: Wakefield, RI
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Posted: Wed Apr 04, 2007 7:18 pm
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Thank you, Jon! |
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suwanneeredhead
Joined: 28 Jul 2005
Posts: 493
Location: Looking at Rainier
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Posted: Wed Apr 04, 2007 7:24 pm
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Fantastic! Y'all ROCK! ;) |
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tvphoto
Joined: 08 Dec 2004
Posts: 613
Location: Oregon
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Posted: Wed Apr 04, 2007 7:26 pm
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Hey, You Share! What more can we ask for?
You're like an amazing boss, and you seem to truly care about us. THANKS! And I hope you make gobs of money and have fun in the process. :) |
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shazie28
Joined: 21 May 2005
Posts: 248
Location: Oklahoma
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Posted: Wed Apr 04, 2007 7:32 pm
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WOW! So nice to see this out in the open! Great job! |
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jcpjr
Joined: 21 Dec 2005
Posts: 351
Location: www.jcpjr.com
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Posted: Wed Apr 04, 2007 7:32 pm
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Thanks Jon for keeping us in the loop...you and SS ROCK!! |
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photawa
Joined: 21 Oct 2005
Posts: 258
Location: Ottawa, Ontario, Canada
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Posted: Wed Apr 04, 2007 7:46 pm
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Great timing.
I'm in the process of upgrading most of my equipment and building a home studio.
So this gives me a little more encouragement.
Thanks. |
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beardean
Joined: 11 Aug 2005
Posts: 191
Location: California
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Posted: Wed Apr 04, 2007 7:52 pm
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ty |
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sanka
Joined: 01 Jul 2005
Posts: 233
Location: Former Yugoslav Republic of Macedonia
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Posted: Wed Apr 04, 2007 7:52 pm
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YES!
;) |
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hhltdave5
Joined: 20 Jun 2006
Posts: 10878
Location: Our stock and food photography books at www.rindersmithphotography.com
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Posted: Wed Apr 04, 2007 7:54 pm
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That's great news Jon. Looking forward to the announcement and here's to the continued success of Shutterstock. |
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xaoc
Joined: 01 Dec 2005
Posts: 82
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rinder99
Joined: 12 Jul 2005
Posts: 18982
Location: Books and Class Info, www.rindersmithphotography.com or, www.rinderart.com
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Posted: Wed Apr 04, 2007 8:14 pm
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A HUGE ATTA BOY!!!!!!!!!!!!!!!! THANKS JON AND STAFF. |
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