Fiverr
works by letting buyers pay in advance for “gigs” which are any type of
freelance service, ranging from web design, to social media marketing, to
copywriting. ... For example, a $5 gig means the freelancer will receive $4 for
a completed order. There are two ways to view the site, as a freelancer or as a
buyer.
What is Fiverr?
Fiverr is an
online marketplace for freelance services with low-cost providers from all over
the world.
The idea behind
their brand is to streamline the process of hiring or getting hired as a
freelancer. The online marketplace cuts out the middleman of hiring, firing and
HR departments. Smaller businesses can get things done on a more case by case
basis and freelancers have the freedom of selling their services at any time to
any company.
Fiverr lets
clients pay in advance for Gigs, which constitute any digital service ranging
from WordPress design, logo design, writing services, transcriptions, to even voiceover work. Although all
services were priced at $5 when the site initially launched, freelancers can
now set their price to whatever they choose and can offer package deals, or Gig
Packages.
Fiverr works by
letting buyers pay in advance for “gigs” which are any type of freelance
service, ranging from web design, to social media marketing, to
copywriting. When Fiverr first launched, all gigs were originally priced
at $5, but now freelance sellers can decide to charge more or offer packages of
services. Orders are typically completed within a day or two, but the
delivery time is set by the seller and can take longer if the seller has a
queue of orders. When your order is successfully completed, the seller
will receive 80% of the total order value. For example, a $5 gig means the
freelancer will receive $4 for a completed order.
There
are two ways to view the site, as a freelancer or as a buyer. First, I’m going
to explain the terms they use on their site and then I’ll break down how the
process works for the buyer and the seller.
There
are two ways to view the site, as a freelancer or as a buyer. First, I’m going
to explain the terms they use on their site and then I’ll break down how the
process works for the buyer and the seller
Fiverr Terms:
- Gig: A service
offered on Fiverr’s website. Gig example: “I will write you an excellent
press release for $5”
- Seller: A registered
user (freelancer) who offers Gigs
- Buyer: A registered
user who purchases Gigs (When a Gig is purchased, it’s called an order)
- Post a
Request: A
buyer’s request for services (Gigs) if they have a specific need
Fiverr for Buyers:
·
As
a buyer, you can browse through the category pages, or use the search tool to
find a Gig you are looking to purchase. Once you hit search on something like a
translator for example, you will find that a list of translator’s pop up.
·
Sorting
through all the options can be tricky, which is why it's important to read
through the descriptions of each service offered and take a look at their
portfolio. You can also message the seller with any questions and to see if
your specific project would be something that they can do.
·
Once
you are ready to make a purchase, there are several ways to pay. Fiverr
recommends that you go through their site in order to make sure that the
payment is secure. All purchases do have a processing fee of $1 on purchases of
$20 and below and 5% on gigs over $20.
Once you purchase a gig, the order goes to the seller. The
money will only go to the seller once the order is completed. Before the order
is completed you have an option to review and potentially request changes
depending on the nature of the gig before the full Fiverr for Sellers.
Sellers need to
set up their profiles and create custom gigs to sell on the site. As a seller,
you set your price and can choose to offer add on to your gigs to bump up the
cost.
Once a buyer
decides to buy your order their money is taken from their account and put on
hold for you until you complete the order. Sellers keep 80% of what they earn
on each gig they successfully sell and deliver.
The more gigs you
sell, the easier it will be to build your seller rating on the site. This
means, you will potentially be able to charge more for the services you offer.
·
As
a seller, you have the potential to make around $1,000 – $2,000 a month
depending on how well you market yourself and how many gigs you get. For many
sellers, taking advantage of a skillset already built in the workplace and
offering on this site is a great way to get even more experience and earn extra
income.
·
Fiverr
even created a platform to help its sellers called AND.co And.co provides time tracking,
expenses, and proposal software for sellers (read our AND.co review).
·
Is
Fiverr for You?
·
For
freelancers, Fiverr requires a lot of work and marketing, just as any business
does. The payoff is working your own hours from home and the potential to earn
more than you could working another office job. Success stories for freelancers
on the site include people like Charmaine Pocek who have earned tens of
thousands of dollars a month.
·
For
employers or buyers, you have the opportunity to save as much as 30% in payroll
costs by bypassing HR and paying for full-time staff. Fiverr also gives you the
opportunity to work with all different kinds of people so you can find who
works best for you without having to hire and fire people along the way.
Thank You
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