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500px Prime: A New Licensing Marketplace that Promises Photographers a 30% Cut

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Earlier today, 500px announced that it would be getting into the licensing game with a new commercial licensing site dubbed 500px Prime.

Announced on the image sharing site’s blog, 500px is painting Prime as a revolutionary commercial licensing marketplace that will “fundamentally change the way photos are licensed.” The company makes this claim for three reasons, at least one of which is nice to hear.

  1. The site is promising not to join what they’re calling ‘the race to the bottom.’ Licensing fees start at $250 and go up from there.
  2. 30% of the proceeds from each and every photo sold go straight to the photographer off the top. No matter what license is purchased or who purchased it.
  3. The information that 500px keeps tabs on — such as “vitality, hero status and visceral reaction” — will help buyers determine how a photo will be received before they even purchase it and should make the marketplace more appealing.

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Of course, many believe that self-marketing is still a much more lucrative way to make money off of your photography — after all, 100% is a lot more than 30%. But for those photographers who don’t have the time or maybe have never even thought of making money off of their popular 500px profile, 500px Prime could be a viable option.

To learn more about the service — including how you yourself can get involved as either a buyer or seller — head over to the 500px blog or check out the Prime website directly. But before you go and do that, drop us a line in the comments and let us know what you think. How will 500px Prime stack up against the other options out there?

(via The Phoblographer)