I'll think you'll find some differences of opinion on the various methods for selling your photos. Personally, that's up to you.
Microstock you'll have to have hundreds of photos on at least the top six sites and work on the basis of volume. A good photo can earn upwards of $1 per site, per month. So if you want to take 200 good stock photos, and make $100-$200 a month for your work, micro isn't all that bad.
The idea is selling for less in volume, and the returns keep coming in, over and over.
There are detractors, who say you are selling out, and not getting what you should. In which case, you might try traditional stock (good luck getting one sale and getting something accepted) But when you do, you'll make the same for one photo as you did for the 200-2000 photos you'll need to make a consistent income selling micro.
So in this case you are banking on selling one photo, once, for a big payday. Your choice.
There is a third alternative, (and many more I'm not getting to) Sites that let you set your own price and they take a percentage for hosting your images, making your photos available and seen by potential buyers. The idea is that buyers come to these sites, to find photos, and wouldn't know you existed otherwise.
The sites below do not have reviewers and you manage your own photos, and set your own prices.
Mostphotos is one of them that's new to the market
http://mostphotos.com/index.php?referenceid=2382
Redbubble seems to be gaining some popularity, cards and photos and some other things like T-Shirts.
http://www.redbubble.com
Where the people who shout about one way or another, or claim you are hurting the market, don't "get it", is that there are not the same photos and photographers, in fact different subjects also, that are selling to different interested parties.
Someone with a website, isn't going to pay $50-$200 for a little photo. They can't afford that. They will download from a microstock site.
A big ad campaign, isn't going to find some 4 megapixel image from a microstock site, for $1, for their needs. They will need something shot professionally, or from a traditional stock site. Each has it's own place and levels of payment.
There's also MidStock, right between the other two. :lmao:
There's room for everyone.
Like I said, if you want to sell your own photos, at your own prices, try this.
Mostphotos
http://mostphotos.com/index.php?referenceid=2382