I’ve been saying for years that I think photographers should license their own stock now. Agencies don’t serve the purpose they used to so there is no reason to give them the HUGE cuts most demand. You can market your own work and the technology advances has made it easy to process any client licensing transactions. It takes some work to set up (not that much, but some) and you have to market, but it is the way to go, in my opinion.
Rob at aphotoeditor.com has the same attitude. He’s got a good post today about it.