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Fiverr is an online marketplace where people buy and sell products and services for $5. It’s a popular freelancing site and if used wisely can be turned into a great source of income online. Once you are able to establish yourself as a seller on Fiverr it has great potential to help you earn a regular income.
When I first heard of Fiverr, I admit I rolled my eyes and poo-poo’d it as a waste of time. Who can live on $5 gigs for Pete’s sake! The more I read about it, the more I liked it and eventually set up an account “just for fun” to see what would happen. I created a couple of “gigs” (the tasks you are willing to provide your potential client for $5) and sat back and waited. It wasn’t long before I started getting bites, and that was without any sort of promotion on my part.
That’s actually one thing I really like about Fiverr. The fact I can sell my products/services without doing a lot of promotion to get buyers on a regular basis. You just need to work on getting some positive feedback as a top seller and that can get you work automatically on Fiverr without any promotion.
One thing I would like to caution is to offer only tasks that you can do quickly. For me it’s 250 word mini blog posts and 10 tweets based on a client’s material or event. Those are two things I know I can crank out pretty fast (around 10-15 minutes). If you offer a task that has you laboring over it for an hour, that is a pretty poor use of your time. I would also caution you to be careful about offering services that you already offer to clients at a higher rate. This is especially true of you are a service provider like a Virtual Assistant.
How much you can make with Fiverr really depends on what you are offering, as well as how much time you put into it. It is totally possible to earn an extra $100 or more a month, and I say this from personal experience.
DOWNSIDE #1: Sellers earn a flat $4 commission when a buyer purchases their services, and payments are made through PayPal with a minimum payout of $4. Again, offer only things you can do FAST. Once Fiverr takes its buck and PayPal takes their chunk, it leaves you with around $3.75-ish. That being said, I thoroughly enjoy having this little extra stream of money to pop in my “Revenues” folder. It’s my “fun money” 🙂
DOWNSIDE #2: Occasionally you get a nut-job or a buyer who wants the sun, moon AND stars for only $5.00. Rest assured, as the Gig owner, you can Request Cancellation through their Resolution Center if you feel (and can prove) your buyer is being unreasonable. Many times buyers will message you with questions before they buy a Gig and that helps to head some of the nuts off at the pass.
And for those of you that are thinking “there’s no freaking way I’d do anything for only five bucks!” let me assure you, the real money is in the “upgrades.” Once you successfully sell and complete a certain number of gigs, you can “level up.” Once you reach level, then you can start adding additional services for more money. That along with repeat customer will add up over time.
Becoming a seller is easy, free and takes only a couple minutes. You can start here: FIVERR.com