Art Buyers Survey

Posted on 12/27/2016 by Jim Pickerell | Printable Version | Comments (0)

The results of the VisualSteam’s Annual Survey of Art Buyers has just been released. The 19-page report is packed with useful information that image creators and stock photo sellers need to know. Anyone trying to earn a living producing stock images should read this report. It is well worth the $49.95 fee.

DMLA members in good standing can receive a free copy by sending an email to sales@visualsteam.com If you are not a DMLA member send an email to the same address and they will supply instructions as how you may pay for your copy.

Each year VisualSteam sends an extensive survey to a few thousand leading art directors, graphic designer and other image buyers in the U.S. This year a very representative cross section of major industry buyers responded including 35% from Advertising/Design organizations, 18% Corporate users, 31% Publishers and 16% Other (education and non profits). The response was the largest ever.



Ninety-six percent of the respondents use stock imagery and 89% said they are part of a team that makes the final image selections.

Only 11% of respondents, license RM more frequently than traditional RF, Microstock or Subscription. I found this very interesting considering that this survey targeted major users and buyers of stock photography who are with organizations that certainly have the budgets to purchase RM photography if that is what they really want.



This was only one of the key findings and breakdowns of the overall data that can be found in the report.

Users were asked “For which license types do you mainly use imagery in four different licensing categories -- Microstock, Traditional RF, RM or Free?” The breakdowns are very enlightening and may surprise many image sellers.

While client say subscriptions are not an important purchase factor, the statistics of those who said they use subscriptions tell a different story. Regardless of whether you sell RM, traditional RF, or Microstock you need to consider the numbers in this report.



There is also a breakdown of the most needed subjects. Not surprisingly People/Lifestyles was number one. The survey doesn’t get into specifics of what buyers are looking for in this large category, but I believe most buyers are looking for images shot with good sets, props, locations and professional models. Given today’s usage fees many photographers are finding that they can no longer justify the expense of producing such imagery.

Agencies should carefully analyze their sales of this type of imagery over the last few years and consider whether there is anything they can do to encourage their top contributors to start producing more of this imagery.

There is an interesting comparison of the license types used most frequently. They asked the customers how they used certain categories of imagery: Microstock, Traditional Royalty Free, Rights Managed and Free Images. In each category there was a breakdown for Digital, Print, Video/TV, Display and Packaging. 50% of the RM images were used for some type of print, but Digital use lead all the other categories.

When asked which agency they use most frequently, it was somewhat surprising that Shutterstock was third after Getty Images and iStock despite the fact that Shutterstock generates more revenue than either Getty Images or iStock.  The first five “GoTo” agencies also include Alamy and Thinkstock. It is important to note that 3 of the 5 are Getty Images properties. Adobe Stock was 19th on the list, below many other much smaller agencies.


Copyright © 2016 Jim Pickerell. 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

Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

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