One time-honored way of making money from photography is by the use of stock photography. More often than not, this meant only film photography, however at this time; digital photographers can license their work in this manner as well. Stock photography is photographs that can be licensed and then used for exclusive reasons.
Many people use stock photography, since it is faster and more inexpensive than hiring a photographer to take exclusive pictures. Many creative professions use stock photographs, such as ad agencies, graphic artists and web designers as well as filmmakers and publishers, although this is not a total list as there are many other businesses also use stock photos.
A collection of stock photography may also be called image banks or photo banks and photo archives as well as picture libraries.
Where do you and your digital photography service fit in to all of this?
Well, photo banks are in desperate need of good photographs. They will license from photographers just like you, the digital photography that they hold in interested. You will have a good many hits while searching on Google for one of the terms mentioned above.
You should understand these three terms when you license your photos with a photo bank.
1. Royalty Free
When using a Royalty Free agreement the photographer is able to sell the image as many times as you wish. The user pays a one-time fee and then uses the photo as many times and for many purposes, according to their needs. A Royalty Free license normally will specify the number of times the image can be legally reproduced by the buyer.
The print run is what is known as the number of copies and if the buyer makes more copies that the print run they then pay an additional fee for the use of each copy. Therefore, those who have large print runs such as magazine publishes do not use Royalty Free images.
2. Rights-managed
Rights-managed is also known as licensed images. With this typo of agreement, the buyer may or may not have the exclusive rights to the particular image. However, the licensing terms will negotiate its exclusivity.
Each time the photo is used the buyer pays for the privilege. However there is a time limit place on the image licenses of rights-managed photographs, this means that if exclusivity was part of the negotiations, the photograph can be resold upon expiration of the time limit but never before. The geographic location and length as well as distribution and exclusivity determine the applicable fee.
3. Editorial
Editorial is a term that refers to subjects within the photos and whether or not they need a special release to be shown. Only for news or educational purposes can the photographs be shown without a release from the subjects therein. On the other hand, a signed release will give allowance of using the photograph for display with controversial material as well as in advertising.
It should be noted that stock photography licensing has become somewhat complex with the use of digitization. Special licensing agreements must be reached for a stock image to be used on an electronic product that can be copied or even used on a website. A lawyer who is versed and licensed in entertainment or copyright can be of aid if you are planning to offer your digital photography as stock photos.
No matter if stock photographers practice digital photography or film, the Stock Artists Alliance is a worldwide organization that protects their rights.
John Renolds is a Photopreneur that shares his strategies for generating different sources of income with digital photography at his blog... To learn how you too can turn your love for photography into a money making home business, check out John's blog now at http://photopreneurblog.com
Article Source: http://EzineArticles.com/?expert=John_Renolds
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