Last week I closed my post with the mention that two items had caused me to wonder about the possibilities of future changes in the microstock business. First there was Tony Stone entering the market with his statement that he would help Vivozoom ‘focus on the most relevant images” and then an announcement from Microstock Israel that it would concentrate on images of life in Israel and the Middle East.

Stock photographers have been developing niches and specialties since the camera was invented. Many independent photo agencies, in the past, were known for a niche or specialty. If a picture researcher wanted a photo of a historical event, she/he went to the Bettmann Archive; for current events to Black Star or Magnum; for access to National Geographic photographers to Woodfin Camp; for science to PhotoResearchers; for lifestyle to Image Bank or the Stock Market. Several of these collections still thrive but some are closed or the brand and its culture lost to the uber-brands of Getty or Corbis.

Instead of contacting independent, specialized companies, today’s image buyers rely on keyword search and hope to find relevant content. But since few editors/keyworders or executives in the large RF/RM portals have expertise in niche fields, important images within a specialized field can go astray. They are lost in the vast middle of an online collection because the keywords don’t identify the key aspects of a technical subject or do so inaccurately. Since niche collections have a niche group of buyers, the images are not downloaded as much as more popular themes like business or families.  Thus they don’t license as often and are often dropped because of it. A lot of specialized visual knowledge has been lost to the industry with consolidation. (Nevertheless keyword accuracy and relevant search are much more likely in one of the traditional companies than at any of the microstock sites.)

According to Selling Stock (subscription required) textbook publishers are still afraid of microstock images because they can’t trust the captions/keywords. Jim Pickerell writes, “The percentage of micro uses continues to grow, despite the complaints of editors that often the caption information on microstock images is not detailed enough and its accuracy cannot always be trusted.”

In microstock, photos of a technical nature or of specific plants, animals or locations are lost into the middle no man’s land in search because the keywords are even less apt to be correct than in the traditional companies.  The volume of images hitting the micro sites daily make it very difficult to check for accuracy or to add keywords to technical subjects. A perfect example of data that is key to many users is the scientific name associated with plants and animals. Or as I found, even the common name can be wrong.

I searched for ‘platypus’ on Shutterstock, iStockphoto and Dreamstime. One site returned a bald eagle against a flag, another several spiny anteaters and another several different species of fish. At least I could see why a spiny anteater was included since both the platypus and spiny anteaters are the only mammals that lay eggs but that wouldn’t matter a bit if I included an anteater in an educational program and called it a platypus. “So what?”  I can hear you think. Who cares when photos of people jumping on trampolines outsell platypus images thousands to one? Answer: Teacher’s care, students need to know, publishers will walk away if there is even a hint of inaccuracy in an image. Photos are tools of communication. Public communication has an obligation to be correct no matter how obscure the subject.

Does it matter that if you were looking for a platypus in a microstock collection, you could think it referred to an eagle, a duck, a fish or a lizard? If you are putting out a science book, you’d better be certain that what you see is what you want!

Dreamstime has made efforts to establish special collections that have been ‘curated’ by Dreamstime members. These often subject oriented groups of images can be helpful but there is still the lingering worry that the person that assembled the collection may not have any particular knowledge about the images besides the thought that the photos are ‘nice’.

Shouldn’t the case be made for specialty microstock companies that are staffed with reviewers that are versed in the subject? Either within a brand or as stand-alone companies? Would the costs be too high?  How about a medical collection reviewed by starving medical students? Or collections that are assembled by others with specialized knowledge? Or Like Israelis who know their land, its places, its religions and its businesses? iStock has taken a step toward the Tony Stone philosophy that only the relevant should survive in the creation of the Vetta Collection.

As a former biology teacher who  wrote educational materials and worked on science based exhibitions and books that required absolute confidence in the information associated with the photography that I selected, I believe that curated and specialty microstock collections could be an important next step in the business. What do you think?

The media often feature Mark Getty and Jonathan Klein as the founders of Getty Images, but were they truly the company founders like Mr Hewlett and Mr Packard, or Steve Jobs who started up their companies from scratch in their garages?

Mark Getty and work colleague Jonathan Klein cleverly identified the potential for huge growth in the stock photo industry, sought out Tony Stone Images as the market leader, acquired the company, and left their careers at London-based Hambro’s Bank to become Chairman and CEO of the company. It was Getty Holdings, representing a consortium of Getty family interests, which bought Tony Stone Images (Tony had previously purchased Click! Chicago and my company, After-Image).

The two re-branded the business as Getty Images, and worked with Tony and his existing management to carry the company forward. So you could say that Tony Stone (who founded his enterprise in the loft of his home decades earlier) was the true founder of Getty Images.

Tony Stone catalog from 1996 Vol 8

I was insulted by Klein’s remark in the recent NY Times article, “When we began, stock photography or licensed images, preshot images being licensed, was perceived as the armpit of the photo industry,” said Jonathan Klein, the chief executive of Getty Images who helped found the agency in 1995. “No self-respecting art director or creative director would use a preshot image, because it wasn’t original, it hadn’t been commissioned by them, it wasn’t their creativity.”

I know from  direct experience as the president of Tony Stone Images/LA that the top creatives regularly bought stock photography including for high visibility,  big campaigns for major advertisers prior to the invention of Getty Images.  I submit that neither Getty nor Klein were responsible for elevating the creative level of the stock photo business. Those laurels go to Tony and the photographer/founders of the Image Bank (Pete Turner, Jay Maisel, Larry Fried as well as businessman, James Garcia). There is no doubt of the immense achievement of Mark Getty and Jonathan Klein – they continued the acquisition of companies which Tony Stone had started, and accelerated the move into the digital world. But the very least they should do is refrain from continuously insulting those whose shoulders they  stood on.

It was Tony Stone’s vision that kickstarted Getty Images’ position at top of the creative market. When I sold my company, After-Image, to Tony and became part of Tony Stone Images, we had over 400,000 photographs in the files in Los Angeles. Tony took one look at the dozens of meticulously organized file cabinets and asked me, “Why do you need all these photos?” He had recognized the highly creative nature of some of the After-Image collection but correctly realized that much was just ‘filler’.

Tony Stone catalog from the mid-1990's

Tony Stone has joined the executive team at Vivozoom

Tony’s theory then and now, reinterated on Microstock Diaries, is that there is no point in wasting time and resources on anything except the best photos in a genre. He once told me that all the world needed was a dozen of the best photos of Paris as those were the images that would run as covers, chapter openers or full page spreads. Why have photos of every little burg in Provence when those images will usually only run small. Of course this was before the Internet and the decline of print. And prior to microstock’s long tail circling the globe.

In addition to the big news last week that Tony Stone has joined  former colleague, Lawrence Gould, at Vivozoom, I noticed news about a new microstock company specializing in images from Israel, with what seems to be an emphasis on religion. Is there a new era in the lifecycle of the microstock business, signaled by these two unrelated events? What do you think? Stay tuned.

Taylor Davidson finds himself at the intersection of photography, social media, business development and economics. His thoughts on where the stock photography business might be going and how to stay around for the ride:

Social Media Expert/Photography Geek Taylor Davidson

Taylor began our recent conversation, “All businesses have a life cycle, including creative businesses. There is the building or construction of the business, growth and what I like to call ‘creative reconstruction’ rather than deconstruction.  Companies go from  cottage businesses to being consumed by large companies (aggregators of content, in our case). The latest changes in stock photography are merely the latest cycle of industry upheaval. The technology required to create, distribute, promote and use stock images (like all creative content) changed everything”.

“The bigger question is what happens from here?”

“The economics of new technologies gave anyone the tools to create, but didn’t  guarantee that they would profit from creating. While the activity is in the long tail, profits flow to the aggregators in the tail.” (Taylor refers to the
aggregator as the ‘hub’. Getty Images is the big wheel around the stock photo hub.)

Taylor points out that the economics of the hub have been changed by many factors, one of which is social media. He explains that electronic word of mouth has given power to smaller hubs. By being a specialty destination, your website/blog can become the hub for that subject or story. You can operate in smaller niches but you MUST be the hub in the niche. You must be really good at (your niche). You must be the top choice in the subject.

He says, “Be a hub. Find a niche, and be the hub in that niche. This advice applies to broader issues: how can you expand your scope? How can you create ancillary products; do other types of photography? How can you be a different kind of hub? Be a hub for information, for knowledge. Teach other people how to be a hub for their own niches. Bring other photographers together to create a hub.

I asked Taylor if he had suggestions for how a photographer could become a sought after hub of information/activity/engagement. After humbly explaining that he was very good at asking questions but not so great at coming up with answers (I disagree), Taylor added:

“I have a strong belief that successful businesses need to be more like people. Individuals want to connect to the people behind a business.” He suggests that a photographer that only shows photos on his/her website is missing opportunities to connect with their audience.  People want to see more than a series of  images. Photographers should use all the tools available to them to tell a story. Be a hub of information about not just yourself and your work but about a story that you have created.”

Santa Cruz Fog©Taylor Davidson

I asked Taylor what I should say to the photographer that is already overwhelmed with keeping a business going, faced with the need to post to a blog, create another story, learn FinalCutPro, or build a movement. Taylor is an optimist…but even so he and I agree:

“If you are blind to change, you aren’t going to make it in today’s market [for stock or assignment photography].” The photographer has to  DO THE WORK. One task at a time, keep learning.

Davidson suggests, “One secret to continued growth in creative endeavors is to retain or recapture youthful curiosity. Young and emerging photographers are free to try all manner of things; part of the excitement is not knowing what the long-term impact of the experiment will be. Could be a career changer or a dud. The cost of failure when you are young is much less than at mid-career.”

“Even in mid-career, you must be willing to open yourself to serendipity. Don’t put yourself in a situation where the only experiments you try
are the ones that could wipe you out.” Try  little experiments. Try one a day, one a week even if the  burden of mid-career responsibilities keep you  focused on getting through the demands of running an established business. These small experiences will sometimes create opportunities. (But don’t expect them all to.)”

(In a continuation of my conversation with Taylor in a future post, I discuss how photographers can embed humanity into their businesses and to break down the barriers between the message and the person.  Taylor then discusses ‘the story’ and authentic marketing for photographers).