The next big thing in the web 2.0/prosumer/crowdsourcing will be the user generated photo agency. It has become quite easy to purchase software, of the shelf, that will anyone with little programming skills and a lot of patience to create a mini photo agency. Obviously, the first market to be targeted will be Royalty free as it is the simplest to automate and requires little to no maintenance. With a small investment and some photo buff friends, anyone will soon be able to coop a sizable amount of images and put it up on line. Regardless of quality we have to be prepared for more volume of imagery brought forth by unexperienced amateur that will soon realize that there is more money to be made being the owner of a microstock than a contributor.This will make it extremely difficult for the current leaders of this part of the industry to continue to grow as market shares will be eaten by its own contributors. A reasonably talented part time photographer could tomorrow create a microstock in Turkey, for example, making the content and the functionalities extremely well suited for its market. before any of the big 5 find the time and the resources to enter the Turkish market properly, it will be too late. Take this scenario and extend it to thousands of countries worldwide and you can quickly realize that it is impossible to compete.
The big winners, and some of the microstock guys might want to do this, is those that will supply a starter kit to anyone, anywhere, willing to launch his own microstock. Start, a la McDonalds, a microstock franchise business. The Image Bank was quite succesful with this business model and it is extremely well adapted to the microstock model.
Otherwise, and as one can already see in some microstock forum, contributors will start their own competing organization, creating an extravagant amount of micro microstock sites. Obviously most will fail, but the ones that do not will start grabbing valuable market share to a business that can only survive with high volumes. And the more this volume is segmented, the more damage. Microstock is not the photo El Dorado .
I would do this in a heartbeat if I thought it would be profitable. I’ve been asked many times “Why don’t you start your own micro site?”
My answer is always “Money.” Unless you can get the marketing right you’re not going to be successful as so many of the older and new startups out there now are seeing.
Manicube,
How much do you think it would cost ? really, isn’t it all about spending a lot of time on different sites promoting your URL ? it’s the labor, not the $$ that is an issue here. It is not about spending money on billboards on Time Square but more about spending man/hours on many, many sites.
try it. it is free.
thank you for your comment.