Cat Sales vs. Master Dupe

Posted on 9/17/1997 by Jim Pickerell | Printable Version | Comments (0)

96

CATALOG SALES VS MASTER DUPE






September 17, 1997




One of the critical issues for photographers is how to get their images seen by clients. Just getting images selected by an agency's general files in no way guarantees sales.




Photographers have also discovered that those images selected for print catalogs usually produce significant sales, although that still is not a guarantee.


In addition, at many major agencies there is a middle ground. They pull certain images for a special file known as "Master Dupe," "Core," "Selects," or various other terms. These images are often duped heavily and distributed worldwide. They are usually stored in a file separate from the large general file. They are sometimes digitized. When clients call with a specific request, this is the first file researched. As a result sales from this file are often much higher than from the general file.


Often, when submissions come into the agency certain images are pulled for this select file, and it is from this file that selections are made for future catalogs. If your images don't get into the selects file they have little chance of making it into future catalogs.


Recently, we obtained information from TSI that helps reveal the relative importance of these various files.


TSI estimates that they have 2,500,000 in their active files. They have approximately 50,000 in their "Master Dupe" collection, and Stephen Mayes estimates that 20% of the Master Dupe images, or about 10,000 images, are in "active catalogs." Mayes said these catalog images currently represent "less than half" of TSI's global dollar volume in sales. For the purposes of the calculations below we will estimate that at 45%.


   				Percent		   Percent	
Total Sales Images On File

General File 2,500,000 12% 98.1%
Master Dupe 40,000 43% 1.5%
Print Catalogs 10,000 45% .39%



These figures indicated how important it is for images to be accepted into, at least, the master dupe level. In fact, many TSI photographers earning the most money from stock tell us that as much as 90% to 95% of their income comes from the images in print catalogs.


We hear similar stories from photographers with other agencies. Thus, we suspect other agencies are having similar experiences. Some photographers also say they are seeing an increased proportion of sales from the images in Master Dupes type files.


Possible trends for photographers to watch:


  • As the numbers of print catalogs increase, clients may be overwhelmed and may be turning back to relying more on agency researchers to do the selecting for them.


  • If the productivity of print catalogs is falling off, is it worth the expense to the photographers to pay the cost of producing them? Are they now finally becoming more a vehicle to draw clients to the agency rather than to sell specific images? If that is the case shouldn't the agency be paying a larger share of the cost of the catalog?


  • If the above example holds true it may be better for the photographer to have images in the Master Dupe collection, rather than the catalog because, while sales may be only 1/3 as good, the photographer would not have the huge catalog production expenses to offset.



Copyright © 1997 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz

Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

Comments

Be the first to comment below.

Post Comment

Please log in or create an account to post comments.

Stay Connected

Sign up to receive email notification when new stories are posted.

Follow Us

Free Stuff

Stock Photo Pricing: The Future
In the last two years I have written a lot about stock photo pricing and its downward slide. If you have time over the holidays you may want to review some of these stories as you plan your strategy ...
Read More
Future Of Stock Photography
If you’re a photographer that counts on the licensing of stock images to provide a portion of your annual income the following are a few stories you should read. In the past decade stock photography ...
Read More
Blockchain Stories
The opening session at this year’s CEPIC Congress in Berlin on May 30, 2018 is entitled “Can Blockchain be applied to the Photo Industry?” For those who would like to know more about the existing blo...
Read More
2017 Stories Worth Reviewing
The following are links to some 2017 and early 2018 stories that might be worth reviewing as we move into the new year.
Read More
Stories Related To Stock Photo Pricing
The following are links to stories that deal with stock photo pricing trends. Probably the biggest problem the industry has faced in recent years has been the steady decline in prices for the use of ...
Read More
Stock Photo Prices: The Future
This story is FREE. Feel free to pass it along to anyone interested in licensing their work as stock photography. On October 23rd at the DMLA 2017 Conference in New York there will be a panel discuss...
Read More
Important Stock Photo Industry Issues
Here are links to recent stories that deal with three major issues for the stock photo industry – Revenue Growth Potential, Setting Bottom Line On Pricing and Future Production Sources.
Read More
Recent Stories – Summer 2016
If you’ve been shooting all summer and haven’t had time to keep up with your reading here are links to a few stories you might want to check out as we move into the fall. To begin, be sure to complet...
Read More
Corbis Acquisition by VCG/Getty Images
This story provides links to several stories that relate to the Visual China Group (VCG) acquisition of Corbis and the role Getty Images has been assigned in the transfer of Corbis assets to the Gett...
Read More
Finding The Right Image
Many think search will be solved with better Metadata. While metadata is important, there are limits to how far it can take the customer toward finding the right piece of content. This story provides...
Read More

More from Free Stuff