Fiverr is a global online marketplace that is mainly used by freelancers. Fiverr allows individuals to offer tasks and services, beginning at a cost of $5 per job performed, from which it gets its name. Even though $5 is not a lot of money, it is a great source of side income. Most people use Fiverr to help other people, in other words, to provide a service rather than a physical product. There are not many rules or regulation on how to sell, they pretty much let you sell however you want to. Also there is no limit, so you can offer as many products as you want.
Fiverr does not have a way for you to promote your service, so it is best to use an outside source like Facebook, Instagram, or Snapchat and direct them to your service. Sales are key to becoming a trusted seller. Up front you will have to work hard and get a couple hundred sales under your belt and some good reviews, but once you do you will get more sales because people will know they can trust you. It is best to find a special niche where there are not many competitors, the fewer competitors there are the better.
Fiverr does have a relatively large price for letting you use their web base. They take $1 for a $5 gig, and you keep the rest. Payments are made through PayPal and they take $.42 as well. This leaves the seller with a total retention of $3.58 for every gig. Other downsides include not being able to upsell products, not being able to make sales outside of the Fiver database, and having your prices restricted to $5.
Most people want to know, does Fiverr really work? My answer to this question is yes. Even though there are some downsides, there is a reason it has risen to the top of freelance services. Fiverr launched in early 2010 and by 2012 it was hosting over 1.3 million Gigs. The website transaction volume has grown 600% since 2011. Additionally, it has been ranked among the top 100 most popular sites in the U.S. and in the top 200 sites in the world since the beginning of 2013.
So, how do you make money on this site? The answer involves a few steps. When selling on Fiverr you should keep it simple. Remember you should probably start small and work your way up, do not start out trying to become a millionaire on Fiverr. Most people on Fiverr are using it as a way to generate side income. Also when selling on Fiverr, offer your smallest service for $5 and then offer your bigger packages (if you have any) for more. A couple of tips for your account are to have a great title, it is the first thing people are going to see, make sure it makes a good impression. Also, make sure your picture is relevant to your gig, and that the picture is high quality and professional. You know what they say, a good picture is worth 1000 words. People like to see good pictures.
Always remember to keep in contact with your customers and deliver your service as soon as promised. You can set how long it will take you to complete the service, so remember people expect you to keep your word. If you do exceed your due date your customer will then have the option to cancel their order which means you might lose a sale.
So, my verdict is to try it. I think it is a great way to earn some extra cash. I know it does not pay a lot, but it can be profitable if you learn how to streamline your part so that it does not take you long to perform a job. There are no fines for canceling an account, so you can start and if you do not like it you can quit right away. Fiverr offers a wide variety of categories to choose from. They have: Graphics & Design, Digital Marketing, Writing & Translation, Video & Animation, Music & Audio, Programming & Tech, Advertising, Business, Lifestyle, Gifts, and Fun & Bizarre. So get started today, go to Fiverr.com and see how well you can sell.
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