“A picture is worth a thousand words.”
As the figurative quotes imply, a single picture says a lot. The evolution of photography is taking the web for more reasons to be the future.
Stocks photos that we see all over the net are becoming more and more beautiful. It tells us many stories.
Like an image of a couple holding hands under the sunset. It brings different emotions to people of various ages, preferences, and status. The photo simply gives an appealing idea of what the literature right below is all about?
The art of photography is the heart of a design. It is an expression of an artist. So the question would be, should you not show them how you feel? The good news is that you can even earn out from those shoots.
Getting to know about Stock Photography and Licensing
Let us widen our understanding about Stock Photos. So what is it?
These are images which the artist had licensed. And, intended for selling or redistribution for commercial purposes. In the olden times, stock photography licenses are expensive. For reasons such, the popularity of the photographer, the extent of use and others.
Nowadays, we have what we call “microstock photography”, it filled in the need for low-cost images. We say, bridging the gap and making it available to almost everyone.
As a photographer, you keep the copyright to images submitted to stock websites. In this occasion, photos are being licensed, not sold. This means that anyone who wants to use it will pay a one-time fee. That arrangement allows them to reproduce, recreate, and display anywhere. Paid stock photos can even be distributed.
Different Forms of Licensing Stock Websites Use
This type of license which most stock companies are using. They will have the buyer pay a standard fee to use a particular image. Yet, the payment does not give the buyer the right to take ownership or resell the image.
An expensive kind of licensing that buyers will have to pay the price for every use of the image. Yet, they discuss with the photographer on how they will use the picture. So, the owner will decide for some restrictions image usage.
Here is how to make money from Licensed Stock Photos
Step 1: Take a captivating image.
Step 2: Sign up to Stock Photo Websites to submit high-quality images. For some companies, you can either be an exclusive or non-exclusive contributor. For obvious reason, fees will have a huge difference from one another.
Few of the Stock Websites for the Contributors
This is an art cooperative company. All site contributor needs an approval based on the quality of the photos they can submit. Also, it is an exclusive partnership. Contributors’ share is 50% of the cost of the image per download. Besides to that, the company shares 90% of its profits to the contributors by year end.
If you are a contributor to this stock company, the royalty will start at 15% per image download. While exclusive ones will potentially get up to 45%. The rate increases as the number of images submitted go up as well plus the popularity gained by the site.
The royalty fee in this company will not only base on the images downloaded. But, it also considers your portfolio site ranking. This will give a contributor around 20% to 63% share per image download.
To finalize this, stock photos must be properly used. Wrong claims or representation may bring compromise your business as well. Most of the stock websites have detailed guidelines about the photos that they will accept. If the photo you submit includes people, they need to sign a model release. This would mean that you and the person in the picture have an agreement.
Stock photos as a good source of making money on the side or as the main income. We just need to remember the underlying legalities of every transaction made.