Corporate accounts and the new credit system have been a big hit with the buyers. I think we have signed up around 25 corporate accounts which are free and allow buyers to organize their downloaded comps and purchases as well as manage sub-accounts. The corporate accounts also allow you to request an invoice. The flexibility and different ways to purchase content is already paying off as buyers have been purchasing credits and signing up for corporate accounts. It’s really exciting.
I am going to be updating the desired content page very soon to show you what these buyers are asking for. Shots of people, groups of people, ethnic looking people, minorities and handicap people are categories that I have been hearing are lacking in the market. I will add a ton more to that short list on the Desired content page.
Just about to release the extended license option. I’ll have more news on the additional rights that can be licensed in a week or so but this is just the start to what we will be offering. Think of a dynamic marketplace for licensing additional rights where buyers and sellers will be able to seamlessly negotiate the rights and prices. That is the future here.
We have been planning out how to offer multiple file sizes on the site so we can attract a new buyer to Cutcaster. I am trying to come up with the most efficient way to store all the files on the site and will keep you updated on our progress as we move forward but that offering will be coming up very soon.
There should be some good news on the footage front coming up soon. I will keep my mouth shut until the deal is done but hoping that will be less than a month away.
Our marketing and sales effort.
Cutcaster is having it’s best month ever in terms of sales and buyer activity is picking up. Not everyone has had sales yet but these new ways to buy content as well as our coordinated sales effort will start to translate into more traffic to the site and buying. We have been making a ton of direct sales calls and it is really paying off. I personally make at least 30 calls a day and talk to around 8 new or old accounts as we develop our relationships and record what content these buyers are looking for. We have three people contacting publishers, advertisers and graphic design studios everyday so we can get the word out about your awesome content. In addition we will continue with our effort to advertise on websites, through email, magazines and in trade publications. Its a slow process I am starting to learn but Rome wasn’t built in a day and we are on the path towards success. Thanks for your continued support and as always you can contact me if you need any questions answered or help.