Since I started my online business nearly two years ago, I kept coming across the suggestion that Fiverr is one of the best ways to make money working from home. Making a living working from home on a self-employed basis is a combination of entrepreneurial skills as much as of making the best of what you are good at. And that is the secret of making money as freelancer: you use your talent and leverage your skills to monetize on them.
If you have tried working as a freelancer from home, I am sure you will have heard of, or come across even, Fiverr. Many home based entrepreneurs swear by its efficacy as one of the best media to earn income working from home. For the sceptical amongst us us, the perennial questions are: does Fiverr work? and how to make money with Fiverr?
Price: 20% of your earnings
Owners: Shai Wininger and Micha Kaufman
Rank: 85 out of 100
The rationale behind Fiverr
Dare I say, if eBay is the king platform for selling and buying merchandise (closely followed by Amazon), Fiverr reigns absolute on the kingdom of selling and buying services.
Fiverr was created by the owners Shai Wininger and Micha Kaufman back in 2010 specifically as a freelance marketplace, and to this day it has remained true to its original motto ‘In doers we believe’. Such a powerful motto appeals primarily to the sellers of services that use this platform, as it encourages entrepreneurs to earn money working from home using and leveraging what they are good at.
But the same principle appeals to those people that use the platform to buy services. You want to improve your business and need to create an appealing logo, but you have no graphic designer skills. Instead of wasting time on learning a skill that would take months to master at professional level, you invest your time in other aspects of your business, and ’employ’ one of the Fiverr sellers to put together the logo for you. And the advantage to doing so is that it will never break your bank, as all services start from a basic price of $5.
Such a simple concept cannot fail. And it hasn’t! Fiverr has been going strong for the last sever years, and is showing no sign of slowing down.
How does Fiverr work?
Using Fiverr is pretty straightforward. Once you have registered on the site following the usual orthodox path of inserting your details, you are prompted to access the buying or selling pages.
Browsing through the website is easy enough, but if you have never used this site before, ahead of creating your gig which will promote your services, you may want to go through the orientation page at the footer of Fiverr website and click on Selling on Fiverr. This page is again self-explanatory, as it goes through a few steps to tell you how Fiverr works. It also has some vital FAQs at the bottom of the page, which are the bread and butter of the whole business of selling services on Fiverr.
Finally, you are invited to create your Gig.
And here again you are walked through the steps of creating your first ad where your promote your service. You will be asked to enter your expertise in a category, to describe your skill and which type of service you are selling; you will be asked to provide details of which type of information you request from the buyer in order to meet specifications as closely as possible; and you will be asked to enter a price scheme, also specifying how long it will take you to delivery the service. As mentioned, the starting price for each service is $5, but you can increase your fee when adding extra features, like
It seems to me that Fiverr has all the tools necessary to boost your profile and your services. But, it remains up to you how best to use such vital features.
Fiverr selling tools
Not only Fiverr walks you step by step in creating your gigs, but once your gig is live waiting for customers to start placing their order, Fiverr offers the opportunity to market your gig on the main social media platforms directly from its pages. This way your ad can reach an even wider proportion of potential customers.
As a seller, however, I find particularly useful the dashboard, from which you can follow your gig progress, keeping track of your orders, or special requirements, and of whether you have met delivery and satisfaction levels with your customers. Within the dashboard Fiverr has also an Analytics where you can keep track of your orders, your earnings, but also of how many people viewed and click on your gigs. I would say the whole Fiverr system is pretty comprehensive in all aspects of your online freelancing business.
Can anyone use Fiverr?
Provided you are conversant with the use of the internet, even for services that are not internet based, the long and short of it is: YES, YES, YES!!!
We all have some type of expertise in our life, regardless of our age and experience.
If you look at the eight categories available by the buyer to purchase services via Fiverr, these cover really a huge variety of skills, and they range from graphic designing to business, from writing and translation to music and audio, from digital marketing to fun and lifestyle, where you can advertise services such as maths lessons, or card making.
Unlike a recruitment consultancy shop in the High Street, which will have a limited spectrum of specialization, Fiverr really caters for everybody.
And the same can be said if you wanted to use Fiverr to delegate a certain aspect of your business. You can advertise your requirements as much as if you were a seller, and the benefit you will have is that all you have to pay is a ‘fiver’.
How do people make money on Fiverr?
Like with all home-based enterprises, it very much depends on how many hours of your day you decide to dedicate to promoting your activity on Fiverr.
I only work on Fiverr part-time and consider Fiverr one of my sources of income. You can decide to concentrate your efforts on freelancing more actively to work full time to promoting your service and obtaining more orders. And it also depends on how quickly you work at delivering your services, and how proactive you are for example in doing creative writing, or in putting together ten personalized Christmas cards.
Selling your expertise, however, is not the only source of income on Fiverr.
For starters, Fiverr offers you the opportunity to invite friends and family – or your entire email contact list (!!!) – to purchase any service from Fiverr, and will reward you with $5 for any purchase.
But the big earner on Fiverr comes from its affiliate program. Fiverr will pay a flat rate $15 for every customer that makes their first purchase. It may seem not a good deal. The reality of it, however, is that Fiverr rewards far more proportionately, when you think that you will get paid $15 even when the first purchase of solely of $5, and also if you think that some customers may only use Fiverr once.
The perk of this affiliate scheme is also in the fact that Fiverr pays promptly at the beginning of the following month from the month when the sale took place. So, if your gig attract a first time buyer in August, you will invoice the buyer and send your invoices to Fiverr between August and end of September, for Fiverr to pay you at the beginning of October.
I do use Fiverr to sell a few gigs, guess what, primarily about translation, proofreading and creative blog writing. I therefore have gained a bit of experience on how things work on Fiverr, and I only found very few flaws in the Fiverr system.
For instance, I remember struggling at first to get around how to create a powerful gig to promote my services. An easy solution is to look around for current sellers to see how they advertise their skill set. Like with all new environments, it took me a little while to get used to Fiverr website and I struggled to get around the site. But the more I used it, the more I got used to it.
However, I do believe the concept of a central freelance marketplace is a successful one. On a positive, you can commit to Fiverr as little or as much as you like. You are in control of how many gigs you want to place and of however many orders you want to take.
I am a firm believer that, when working at home on a self-employed basis, whilst you should have a main business, it is always safe to keep a few ‘earning eggs’ in different baskets. I see Fiverr exactly as this: an additional source of income which can contribute to pay a few bills.
But, as an online entrepreneur, I also see Fiverr as a means to improve my skills and to broaden my horizon, learning how others run their business, whilst doing a lot of practice writing. Because writing, and sharing my knowledge is what I do, and what I love to do.
So, what do you think, do you want to give Fiverr a go? What are you good at, and how could you monetize from it? Share your expertise here, leave a comment below!
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