What Do You Know About Stock Photography

Stock photography, groups of photographs that people take, grouped and licensed for selling purposes. Instead of taking new pictures every time they need pictures, many people use the stock photography method. People that work for magazines, as graphic artists, and advertising agencies sometimes use public pictures instead of hiring photographers for individual projects.

Alternate names for stock photography is picture libraries, photo archives or image banks. Typically, in order to use these pictures, although publicly available, there is a small fee or a purchasing of usage rights that comes with a fee in order to use the pictures. Sometimes a membership purchase allows you to have access to a particular group of stock photography.

Saving time and money, stock photography is a great way to enhance newsletters, blogs, advertisements, company brochures and more. It is obviously less expensive than putting a full time photographer on staff and takes less time if you need images of something specific. Many times, it is as easy as using a search engine or checking an email.

Sometimes full rights and usage is available for purchase. Other times, full rights are limited. In those cases, photographers might be requiring that they receive a certain percentage of sales and or royalties of usage. Agencies usually hold the images on files and negotiate fees. With the technology and easy access that the internet provides, negotiations are quicker and easier.

The cost of using stock photos depends on how long the pictures will be used, what location the images will be used, if the original photographer wants royalties and how many people the photo will be distributed to or seen by. Prices for stock photography can be anywhere from one dollar to two hundred dollars.

There are several different pricing arrangements. Royalty free stock photography allows the buyer to use photographs multiple times in multiple ways. When you buy royalty free pictures, there is only a one-time charge for unlimited usage. When the images you purchase have a royalty free section, the agency is able to resell the image to others. If an image is rights managed, there is a negotiated price for each time that it is used.

Sometimes a buyer of stock photography might desire to have exclusive rights to the images. In that case, no one else will be able to use the pictures once exclusive rights have been purchased. It may cost thousands of dollars to purchase exclusive rights because agencies who handle the sales have to make sure that they are making a profitable sale. If a photograph would make more money staying in circulation, they would lose out selling exclusive rights.

Stock photographers sometimes work with agencies producing images for them alone. Different subjects and categories might need multiple varieties of images. Sometimes contributors work for multiple agencies selling their photographs for a fee. They work out arrangements for royalties or they sell their shots for full rights. This has proved to be a big business for photographers around the world.

Stock photography started in the early 1920s. It especially grew as its own specialty by the 1980s. Galleries hold hundreds, thousands and even millions of pictures available for purchase. Stock houses sprung up in many different places. By 2000, online stock photography became microstock photography, which we call photo archives online. Companies like istock photo and bigstock photo offer you the opportunity to purchase so many pictures and when you use them up you can add more credits for another fee. Photos that are distributed online are typically less expensive than those that are sold hard copy.

Websites like www.shutterpoint.com and www.fotolibra.com allow stock photographers to upload and sell their images. It is a great way to market pictures and earn money with photography. You can also purchase images at those websites as well. With all the stock photography sites available, one may find pictures you never even heard of before.

The “Business” of Stock Photography

Sometimes we associate stock photography with some negative concepts such as the photos you see in frames that are on sale at a department store or the photo that comes in a new wallet. Sure, those images did come from a stock photography library but there is so much more to stock photography than that.

You can put a lot of creative energy into building a solid stock photography library that will draw customers who need these images and like your creative eye. Really, if you think about it, stock photography is no different from doing a shoot for a customer. It’s just that you are taking the photos in advance of finding the customer and you can sell the same stock photo a multitude of times. And that last part is what makes running a stock photography service a lucrative business to operate.

The demand for stock photography is ongoing and increasing. But in the economic “model” of any marketplace, supply is as important as demand. So to compete for business you need a good, diverse supply. That means your first step in building your stock photography business is to build the “stock”. In this situation, quantity counts.

When you start entertaining customers, you want to be able to show them a strong catalog not only of many genres of stock photos but of a good variety of photos for each genre. So if the buyer is looking for floral shots, you don’t just have three or four stock photos in that category. You should have dozens for them to pick from. By building a large collection, you vastly increase your chances of making a sale with each customer you entertain.

Don’t think that taking stock photos takes the creativity out of the process. In fact, the opposite is true. Really great stock photography screams personality, even if it’s just an assortment of floral scenes you are taking. The buyer is looking for a photo that seems to have a story to it, that draws the eye and makes the viewer want to ponder the meaning of that photo.

Sounds a bit like art photography, doesn’t it? Well, in a way, it is. Just because you are selling the photo as part of your stock collection, doesn’t lower the artistic value of what you are doing. And if your art is going out the door to be used by a customer, it is still being seen by people who will reflect on what you are trying to say with that photo. So to you, the photographer, your artistic calling is satisfied and you have a nice chuck of change in your pocket to boot.

Along with building a strong portfolio of quality pictures of each category, make your categories as diverse as possible. View other stock collections and gather ideas for the genres they have represented and of the diversity of shots and settings they have included in their collection. You are not plagiarizing other photographers work if you are letting them inspire you to do your best work.

A good discipline to build your stock photography gallery is to take a day each week and go out and build one category of stock photos all day long. So you may do floral shots all day one week, photos of automobiles the next and pictures of college students the next.

Now don’t forget to get your releases signed if you use human subjects. Even if you just hang out on a college campus and talk students into posing for stock photos. Be sure you pay them something for their work and get a release. In that way if their picture ends up in some very public setting because of how a customer uses it, you are protected from them coming back with their palm up wanting more.

Finally, trust your instincts on what to include in your gallery. Your artistic “eye” for what you like is probably pretty reliable and will reflect what interests your customers. Once the gallery is built, then you can go about the “business” of putting together a physical catalog to sell from. And don’t forget the option of building an online gallery to sell from. You will need some technical help to get your site up and learning how to sell from it and collect money that way. But this can be a great expansion of your successful and growing stock photography business.