What is shutterstock, how does shutterstock work and tips to earn from shutterstock | SumonBDnet - Information and Technology online portal

What is shutterstock, how does shutterstock work and tips to earn from shutterstock | SumonBDnet

Shutterstock is a popular online marketplace for digital assets such as stock photos, illustrations, videos, music, and more. As a contributor to Shutterstock, you have the opportunity to earn money by uploading and selling your own digital assets on the platform. In this article, we will explore in detail how to earn income from Shutterstock.
How Shutterstock works

Shutterstock allows individuals and businesses to purchase digital assets for a wide range of purposes, such as creating marketing materials, designing websites, or producing videos. As a contributor, you can upload your own digital assets to Shutterstock's platform, which are then made available for purchase by Shutterstock's customers.

Shutterstock uses a system of royalties to compensate contributors for the use of their digital assets. When a customer purchases one of your digital assets, you earn a percentage of the sale price as a royalty payment. The exact percentage you earn depends on your contributor level, which is based on your lifetime earnings and the number of assets you have uploaded to the platform.

The contributor levels and royalty rates for Shutterstock are as follows:

Level 1: $0 - $500 in earnings or 0 - 249 assets uploaded. Royalty rate is 15% for images and 20% for videos.

Level 2: $500 - $3,000 in earnings or 250 - 999 assets uploaded. Royalty rate is 20% for images and 25% for videos.

Level 3: $3,000 - $10,000 in earnings or 1,000 - 4,999 assets uploaded. Royalty rate is 25% for images and 30% for videos.

Level 4: $10,000 or more in earnings or 5,000 or more assets uploaded. Royalty rate is 30% for images and 35% for videos.

Note that earnings and assets uploaded are based on your lifetime performance on Shutterstock, not just your earnings in a given year or on a particular asset.

How to contribute to Shutterstock

To become a contributor to Shutterstock, you will need to create an account on their website and apply to become a contributor. You will need to provide some basic information about yourself, such as your name and email address, as well as some information about the types of digital assets you plan to upload.

Once you have been approved as a contributor, you can begin uploading your digital assets to the platform. Shutterstock has strict guidelines for the types of assets they accept, so be sure to review their content guidelines before uploading any assets. You can upload photos, illustrations, videos, and music, and you can also submit editorial content such as news and sports photos.

Tips for earning income from Shutterstock

To maximize your earnings on Shutterstock, there are several strategies you can follow:

1.Focus on quality: Shutterstock's customers are looking for high-quality digital assets that meet their specific needs. By focusing on creating high-quality assets that are relevant to current trends and market demand, you can increase your chances of selling your assets and earning higher royalties.

2.Build your portfolio: The more assets you have on Shutterstock's platform, the more opportunities you have to earn royalties. Consider creating a regular upload schedule and building a diverse portfolio of digital assets that appeal to a wide range of customers.

3.Keyword your assets effectively: Customers search for digital assets using keywords, so it's important to ensure that your assets are well-tagged with relevant and descriptive keywords. This will help your assets appear in search results and increase their chances of being purchased.

4.Stay up-to-date with current trends: By staying current with industry trends and customer demand, you can create digital assets that are in high demand and increase your chances of earning higher royalties.

5.Promote your portfolio: While Shutterstock handles the marketing and promotion of your assets, you can also take steps to promote your portfolio and increase your visibility on the platform. This can include sharing your assets on social media, networking with other contributors and customers, and participating in Shutterstock's forums and community groups.

6.Understand licensing options: Shutterstock offers different licensing options for their digital assets, including standard and enhanced licenses. By understanding the different licensing options and their corresponding royalties, you can choose the best option for your digital assets and increase your potential earnings.

7.Consider exclusivity: Shutterstock offers a higher royalty rate for exclusive contributors, meaning that you only upload your digital assets to Shutterstock and not to any other platforms. While this can limit your potential earnings on other platforms, it can also lead to higher earnings on Shutterstock.

Calculating potential earnings

Your potential earnings on Shutterstock will depend on a variety of factors, including your contributor level, the quality and relevance of your digital assets, and current market demand. However, you can estimate your potential earnings by using Shutterstock's royalty calculator, which allows you to enter the sale price of your asset and your contributor level to calculate your potential royalty payment.

For example, if you are a level 2 contributor and sell an image for $10, your potential royalty payment would be $2.00 (20% royalty rate for images at level 2). If you sell 100 images at this price, your total earnings would be $200.

It's important to note that your earnings on Shutterstock can fluctuate from month to month and may not be consistent. However, by following the tips outlined above and continuing to create high-quality and relevant digital assets, you can increase your potential earnings and build a successful income stream on Shutterstock.

In conclusion, Shutterstock offers a valuable opportunity for contributors to earn income by uploading and selling their digital assets on their platform. By understanding the royalty system, focusing on quality and relevance, and actively promoting your portfolio, you can increase your potential earnings and build a successful income stream on Shutterstock.