Shutterstock new earning structure changes for its contributors good news or bad?

Shutterstock has recently changed its payment policy for its contributors. While it seems a bad thing, there might be a treasure hidden in it!

COVID 19 has hit all the businesses right from the small to the largest of brands. Alike the other businesses, the digital content creators have also had a hit on their earnings and Shutterstock and its content contributors being a brand completely dependent on the digital income has also suffered the heat of this pandemic since the lockdown has kept all the agencies and offices shut for almost 3 months. Due to this Shutterstock has come up with a new payment terms plan that would help both the customers and the contributors to balance out the share.

For those who are visiting my blog for the first time, I would like to introduce myself as Mayur Pawar the writer of this blog. I am an advertising professional with experience in Digital Client Servicing for more than 4 years. I have recently started My Youtube channel. Please subscribe to support. In this blog, I share my experiences, updates, how-tos, etc. related to social media marketing, passive income ideas, Digital Marketing Tools, blogging tips and current trends are few them to be named.

Subscribe now to receive free social media trends, latest updates, marketing tools directly in your mailbox.

Shutterstock has introduced fair and square new payment terms for the contributors. Shutterstock recently shared an email with all its contributors that the payment terms will be changed for all the contributors after 1st June 2020. Earlier, the contributors used to get 0.25 cents per image depending on the no. of lifetime downloads the contributor had reached. But as per the new payment terms which have already been applied to start 1st June 2020 Shutterstock has divided the contributors into levels that are between 1 to level 6.

Checkout the playlist 'Stock Photography' for tutorials, websites and hacks

Free Marketing Tools:
Best Marketing tools like SEMrush, Strikingkly website builder, Combin Instagram Marketing tool, etc. at special discounts and limited-time offers for free. Everything you need to rank your brand higher on Google search engine. Try Now

Each level has a target based on which the contributor will be sharing the revenue of 15% - 40% of the amount the image is been sold for eg if your image got sold for 100$ and you are a level 1 contributor you will get $15 flat in your account but there is also another side to it if the person who is buying your image has a subscription plan then the price may vary as per the plans LINK of subscription plans for buyers but at the same time, there are targets that a contributor needs to cross to reach to another level and based on the levels the contributors can earn maximum up to flat 40% of the amount per image is sold for. Checkout the below video to know in detail about the targets for each level and new terms to earn 40% of each image you sell

Do let me know if you found the above article helpful. Please share your valuable feedback, it will just takes 30 secs. Or you can get in touch with me on Facebook or Twitter

I will be back with another article soon, if you want me to write about a particular topic do share the same with me on contactyourgeek@gmail.com

Till Then Keep Geeking ;)