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I came across Ant this week while researching how musicians make money online.
I was also researching how photographers 📸 make money online, and looked at a bunch of income reports from people selling stock photography.
Turns out it’s not a great business to be in 😔
The best of the believable reports I’ve found come from Steve Heap, who earns just under $3000/month from stock photography (plus a little bit of stock video).
Not a bad income, until you consider that Steve started in 2008 and has more than 14,000 images for sale online 🤯
What especially struck me was a graph Steve included in his most recent quarterly report, showing how his “earnings per online image file” have decreased from $0.60 to about $0.22 over the last six years.
He writes:
The end of 2017 represented the end of my growth period when adding new images and videos seemed to result in an increase in earnings, and since then I have averaged just less than $9000 a quarter even though I have continued to add new assets month by month. So the game changed from one where you worked at this to increase your income to a new model where you work each month to keep your income the same.