123rf Launches Upmarket Label

Posted on 4/30/2008 by Julia Dudnik Stern | Printable Version | Comments (0)



Houston-based Inmagine has announced an upmarket addition to its microstock property, 123rf.com. EVO is a new image label that will market the work of top 123rf contributors at midstock prices.

Vice president of sales and marketing Stephanie Sitt described EVO's launch as "the dawning of a new breed of imagery that is especially relevant to the dynamic and changing needs of clients." The new label will be marketed alongside the existing micro-priced inventory on 123rf.com. EVO image thumbnails will be marked with its logo to distinguish them from other search results. The pricing system will be four-tiered, beginning with Silver per-image pricing of 5 to 20 credits. Gold, Titanium and Platinum tiers have price tags ranging from 10 to 160 credits per image.

Contributions to EVO are by invitation only. Approved contributors can submit up to 20 images per day, though the approval process will be more stringent than for micro-priced imagery. The collection aims to grow by adding 500 to 1,000 new images daily. In the future, Inmagine plans to integrate compatible third-party libraries into the EVO collection.

Sitt said that the brand targets clients who seek affordable imagery with some level of exclusivity, which warrants a small premium. She expects EVO to attract new, more sophisticated customers.



This launch comes less than a month after Inmagine added IRIS, an individual-photographers submission service, to its traditional stock offering. Project manager Alex P'ing said the company was looking to market fresher, professionally produced content. He added that IRIS offered pro shooters an opportunity to get their images to market substantially quicker than the six-month waiting period typical to traditional agencies.

With over 2 million images and some 5,000 contributors, 123rf has counted among the top microstock Web sites since its launch in 2005. The launches of IRIS and EVO suggest that Inmagine is intent on retaining this position in the micro segment, often prophesized to be the future of image licensing by industry insiders. Professional photographers should note that 123rf offers a higher-than-usual 50% contributor commission. With EVO's midstock pricing and the promise of a new distribution channel, the microstock Web site could offer pro shooters an opportunity to diversify.






Copyright © 2008 Julia Dudnik Stern. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz

Comments

Be the first to comment below.

Post Comment

Please log in or create an account to post comments.

Stay Connected

Sign up to receive email notification when new stories are posted.

Follow Us

Free Stuff

Stock Photo Pricing: The Future
In the last two years I have written a lot about stock photo pricing and its downward slide. If you have time over the holidays you may want to review some of these stories as you plan your strategy ...
Read More
Future Of Stock Photography
If you’re a photographer that counts on the licensing of stock images to provide a portion of your annual income the following are a few stories you should read. In the past decade stock photography ...
Read More
Blockchain Stories
The opening session at this year’s CEPIC Congress in Berlin on May 30, 2018 is entitled “Can Blockchain be applied to the Photo Industry?” For those who would like to know more about the existing blo...
Read More
2017 Stories Worth Reviewing
The following are links to some 2017 and early 2018 stories that might be worth reviewing as we move into the new year.
Read More
Stories Related To Stock Photo Pricing
The following are links to stories that deal with stock photo pricing trends. Probably the biggest problem the industry has faced in recent years has been the steady decline in prices for the use of ...
Read More
Stock Photo Prices: The Future
This story is FREE. Feel free to pass it along to anyone interested in licensing their work as stock photography. On October 23rd at the DMLA 2017 Conference in New York there will be a panel discuss...
Read More
Important Stock Photo Industry Issues
Here are links to recent stories that deal with three major issues for the stock photo industry – Revenue Growth Potential, Setting Bottom Line On Pricing and Future Production Sources.
Read More
Recent Stories – Summer 2016
If you’ve been shooting all summer and haven’t had time to keep up with your reading here are links to a few stories you might want to check out as we move into the fall. To begin, be sure to complet...
Read More
Corbis Acquisition by VCG/Getty Images
This story provides links to several stories that relate to the Visual China Group (VCG) acquisition of Corbis and the role Getty Images has been assigned in the transfer of Corbis assets to the Gett...
Read More
Finding The Right Image
Many think search will be solved with better Metadata. While metadata is important, there are limits to how far it can take the customer toward finding the right piece of content. This story provides...
Read More

More from Free Stuff