I mean, they just removed their main income source – the Flickr Pro Accounts! Well, not really, but they did modify them and leave a sour taste in people’s mouths.
I have some ideas on how to monetize Flickr…
- Prints. Flickr has photographers on it (87 Million of them) that could benefit greatly by selling poster & canvas printing of their photographic artwork. Why not enable photographers to make money and for people to get some really awesome products and Yahoo can make money simultaneously?
- Stock photographic Licensing. Why not? All other architecture is in place and they already have licensing segmentation in place, now, they would just have to create a paywall that could be managed by the photo owners – like Getty images.
- Photo management (which it has), but specifically for wedding & portrait photographers.
They would be able to provide digital, low res proofs, until the bride or customer bought that photo package. Its all about photo management which Flickr already does a great job at, but now can make a transaction fee.
- Competitions and For Hire gigs for specific photos. Sort of like 99 designs model where they allow you to write a design brief and the submitter can pick and choose and pay for the best work. Again, Flickr/Yahoo making a transactional fee. This also ties another social layer into Flickr that isn’t currently there.
Some stats and assumptions:
- Flickr.com currently has over 87 million users. Thats 87 million potential customers that
- Some of the most popular reasons active users use flickr are
“The main purpose of Flickr for me has become sharing photos with family and friends, and seeing updates from people I know, and from people who take interesting photos. I also enjoy getting comments from strangers, and serendipitous discoveries.”See that comment and one from the Founder of Pinterest, Ben Silbermann, here: http://www.quora.com/Why-do-active-users-use-Flickr
Agree or disagree, but how else would they be able to make Flickr a better overall experience for all users?
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