Jupiterimages - Notes And Thoughts
I mentioned the other day how things have been zippy at Jupiterimages.
A few more thoughts:
1. Rights Managed image sales have been growing significantly. The main reason of course is that Jupiterimages has as fine a Rights Managed collection of images as any orgainzation in the world. Included in our offerings are collections called Foodpix, Botanica, Nonstock and Workbook (and several others). All sales start with excellent images. The next reason for increased sales is the terrific sales team that our head of sales, Rick Thompson, has put together in the past year. Rick started with a solid team from his Dynamic Graphics days. However, last March Rick brought in about 30 more sales people and supervisors and combined we now have a crackerjack sales team to go along with terrific images. We took lots of grief last year when we made the hires for the sales team. It appeared we were premature bringing in so many people at one time. But the bet appears to be paying off. In addition our international sales offices in England, France, Germany, Spain, and Australia have been adding sales people and are increasing Rights Managed sales as well.
2. JupiterImagesUnlimited has been growing at a good clip as well. I have mentioned this new subscription service several times. But it is indeed revolutionary and evolutionary for the stock photo business. Once again sales start with terrific photos. This product line offers nearly 600,000 wholly owned Royalty Free photos via seat license subsriptions. Nobody else in the industry offers (nor can offer) such a valued added services. This service can be purchased without the aid of a sales person, but in most cases it is our sale team worldwide that closes sales for this service. And in most cases several seat licenses are sold with every transaction. Also in many cases we are making sales to larger orgainzations that previously had not purchased even a single image from us. Just the other day a wonderful sales person that we have in our Peoria office, Alanda Hunt, knocked off a multi-seat $50,000 sale to an organization that never purchased from us before (by the way, Alanda is a heck of a softball player too!).
3. Stockxpert is our acquired micropayment division. It is thriving. Sales are increasing. We have also beefed up our community forums (e.g. check out Ron Chapple on the forums). We must be doing something right as once again we find competitors taking our brand name - stockxpert - and using it "illegally" to promote themselves on Google (we will formally protest this to Google today).
4. Our creative teams that ensure a steady flow of fabulous new images are hitting on all cylinders. These seasoned professionals make it all happen as they oversee photographers worldwide who supply Juiterimages with new quality images everyday. We have teams worldwide. I am in the midst of visiting some of these creative teams around the world. I start today in New York City and Mountainside, New Jersey and then head out to visit our UK and French team later in the week. Then I will be back in the home office and off to Japan, Australia and back to our offices in Pasadena, California, Peoria, Illinois and Gatineau, Canada.
5. Competition is fierce out there. However we have a great combination of assets and product lines that enable us to compete regardless of technological and marketing evolutions. 2006 saw some significant changes in the stock photo arena. We were knocked about a bit, but have been able to evolve to remain strong and competitive.
I will send reports from my various image ports of call.
Jupitermedia CEO Alan Meckler
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