Introduction
Setting prices for a photos stock is very difficult task. It requires lots of research and analysis. A price should not be that much high that it becomes unaffordable for people. Nor should it be that much lower that it causes a loss in the business. The price of each photos stock depends upon several factors. Each one of the factors contributes towards the effective determination if the price. Avoidance of any one of the factors can be a disaster. Here are some factors that are involved in determination of photos stock prices.
Research what is in demand:
Before creating a photos stock, it is better to know what is in demand, what are the current trends in the market and what people are appreciating these days. Research, in anyway is very important to start anything new and same goes for the stock. Researching the demand helps in determining the price of a stock. It is because of the research that the development of stock becomes possible at a suitable rate.
Good collection in the stock:
The prices of photos stock largely depend upon the quality of the photos. If the quality of a photo is good, near to natural then definitely the customer will pay a good price for that. If the quality of the photo is low or just mediocre, then the customer will try to bargain over it and will pay low price. So, before setting the price of any photo in the stock, it is better to check its quality.
Unique and innovative ideas are always in demand:
Innovation and uniqueness create the difference between two things of same nature. In photos stock, the presentation of any unique and innovative idea is highly appreciated. Photography is the field where a person can demonstrate all his creativity and there is no limit to it. That is why the creativity and uniqueness are expected in photos stock. So to set a good price, the conceptualization and presentation should be given proper attention. But remember one thing, the creativity in photography should not be abnormal or beyond the understanding of a layman. Unique never means to create a weird and unacceptable thing.
Use of a good caption:
Besides the uniqueness of a photos stock, a good caption can add a great value to the photograph. At times a good caption helps in getting more prices for a single item. A good caption works as the identity of a picture and people recommend the photo to each other by calling caption as its name.
Variety:
Giving single buyers with many options is of great attraction for them. Today people are variety seekers and they prefer to have as much variety as they can from a single place. Variety adds great value to the photos stock. Besides that variety helps in setting the different range of prices for different groups. A good variety attracts the customers and they happily choose from the stock. Although these are small factors for price determination but each factor is of great importance in price determination.
