123RF New Royalty Rates


123RF launched their new royalty rates that will go into effect on Jan. 1st, 2013.  Originally they stated that a new rate would be fore new contributors, but it looks like that might have been abandoned for this new system at the end of this year.  They are leaving plenty of time between now and the end of the year to hear the feedback.  Below is their breakdown of how your rates will be give.  Join 123RF here.  It will be hard to swallow $0.216 for the lowest sub sales in the industry. 


123RF.com will be changing its Contributor Commission Payout on January 1, 2013. From now till then, 123RF.com shall continue paying our Contributors at a rate of:
  1. 50% net value for credits
  2. $0.36 per download for subscriptions
From January 1, 2013 onwards – 123RF shall adopt the new Contributor Commission Payout schedule depicted in the table below:

    123RF shall round the monthly cumulative earnings to the nearest $0.01.

 The mechanics of deriving a Contributor’s Commission are as follows:
  1.  At the end of every month, a Contributor’s total credits from all downloads in the previous 12 months shall be summed according to this table:
    2.  The summed credit amount shall determine the Contributor’s Level. 
    3.  The Contributor’s level will determine the commissions for each download in the preceding 
         month.

The aim of the new Commission Structure:
  1. Rewards Contributors who consistently send in quality Content that are in high demand to 123RF.com.
  2. Takes into account the Contributor’s performance and consistency as well as acknowledge loyalty.
  3. Takes into account the growth of contributors vs. the growth of sales and the dynamic relationship between the two growth factors.
  4. Gives a stable, measurable, predictable and most important of all, specific milestones for achieving targets.
  5. Fosters healthy competition for new and old contributors alike.
  6. Encourages consistent and sustained uploading of fresh content to 123RF.
  7. Takes into account every seasonal sales variation or fluctuation and changes.

Comments

Post a Comment

Popular posts from this blog

Alamy Earth Day Project

Image
Alamy is offering a once in a life time opportunity to their members by entering your idea for the 40th earth-day poster. If selected your work will become a global icon and will be shown around the world. Read a word from the president of the company below. Dear Global Photographers, Earth Day Network www.earthday.net is seeking your help to create an official poster for the 40th anniversary of Earth Day, an event that will reach over 1 billion people in more than 180 countries. In 1970, Earth Day brought 20 million people into the streets in a protest against industrial pollution and the impacts that unfettered industrialization had on our children and society. That effort launched of the modern environmental movement, a movement predicated on the health and well being of people and the sustainability of our incredible but fragile earth. Now Earth Day is the largest secular event in the world, bringing people of all ages into the environmental movement
Read more

Qidoou Smart Sport Watch Review (Affordable Watch for Fitness Gurus and Kids)

Image
I picked up the Qidoou Smart Sports Watch as I wanted something to track my fitness and allow me to see when people called without always grabbing my phone.  The watch is very light and in turn comfortable, which surprised me with the rubber wrist band.  Considering everything it does and the price point also makes a great watch for kids or teens.  My phone is a Samsung Galaxy Note 9 and I had no issues connecting once I downloaded the 2 apps (FunRun & BTNotifications).  FunRun is the fitness tracker stuff and the BTNotifications is how your phone gets the message, calls, etc. I only used the apps to set up the phone after that really didn't need to access them, so I wish they could combine them into one app.  Battery life has lasted me all day, but you need to charge it nightly.  Several built-in apps, so you have a little something for everyone.  Don't expect it to be the same level as the high-end brands, but it does all the basics plus a lot more for the
Read more

123RF & Twitter

Image
Not sure when this happened, but 123RF now automatically broadcasting your image sales, uploads, and other goodies for you at your twitter account.  Log on to 123RF and go to your account, you will see a link that says "Link to Twitter".  If you are not a member of 123RF stock photography then sign up here .
Read more