Good Post on the Long Tail and Microstock (via Microstock Diaries)
Posted on November 29th, 2009 in General, Profitability, microstock | 1 Comment »
Lee has a great post on his blog about the Long Tail and the application of some of its ideas to microstock. The post and comments are well worth a read, but Lee’s summary gets to the heart of the matter.
- If you want to create photos in the most popular subjects, expect that you’ll be competing on quality
- If you want to create photos in long tail niches, keep your costs (and expectations) modest
- Photos with a small market (low demand) might earn more in non-microstock markets
If you want to reap the greatest rewards, you have to find a way to play in the competitive categories around business, lifestyle, medical shoots etc. It’s possible to find areas where competition is relatively low, but volume (and therefore potential) rewards are likely to be lower. To cover many topics in the tail to boost your aggregate earnings, you have to pay attention to your production costs to make sure you can stay profitable.
Ultimately, as with everything, there’s no free lunch and you need to assess the market, your abilities and put in the work.
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One Response
Lee,
You're very welcome, but in truth, it's easy to support excellent work. The effort you put in is evident in the quality of the post and I'm happy to point people to it. In terms of anonymous long tail data, that is absolutely something that makes sense to do. As you suggest, I think we'll see the curve pop up in a number of different areas.
Rahul