ROYALTY-FREE STOCK -- SHOULD YOU OR SHOULDN'T YOU?
Traditionally, stock photo sales (which are really
licenses, or sales of usage rights) are priced according
to the market, extent, and duration of the use. For
example, unlimited use of a photo for one-year worldwide
would cost more than a one-time insertion in a magazine
for United States use only. This makes imminent sense if
one presumes that tight control is maintained over use of
the images being licensed.
This concept is now being challenged in some markets
through the expanding use of what has been called,
royalty-free stock. Royalty-free means the purchaser has
unlimited use of the images without restriction,
excluding, of course, resale. One method of sale is to
load up a CD disk with images and to sell it into the
marketplace.
Should you join in? That depends upon the marketability of
the images slated for royalty-free. The return per image
is usually very small, but the total income for volume may
be substantial. High-quality, images would obviously
remain more valuable as traditional royalty based stock,
but general, "repeatable" images may be perfect candidates
for royalty-free sales. You must balance concerns over
retaining control of your images with the potential income
which may be generated overall by surrendering your rights
to images that lend themselves to royalty-free marketing.
You need to also consider that if sales prove
disappointing, it is then too late to put the "genie back
in the bottle."
If you are interested in royalty-free sales, explore it
carefully. Find out the costs; whether your type and style
of photographs are good candidates for such sales; and
what the return on your investment will be under the best
and worst case scenarios. You will then be in a position
to make an informed business decision. Good Luck!
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