Just like most other niches within the photography industry, microstock has completely changed the landscape. Instead of commanding big bucks for shoots for companies, microstock gives companies a way to buy stock images inexpensively. Yes, they aren’t original. But the low price is what brings them in and makes them stay.
Can you make money with microstock? According to a recent survey, the answer is still overwhelmingly yes. 24 percent of the people surveyed stated that microstock was the primary way they brought in income. And what may be even more exciting, the highest reported income was $900,000. Yep, close to $1 million just by selling microstock.
Many people would argue that this is just the lucky one – the one person that actually had success with it – most people will never make money at it. And I agree. But I would also argue that most people will never make money with photography either. The people that do succeed treat it like a business and work at their business every single day. [Read more…]