Fiverr is an online platform for freelancers and businesses to find each other and work together on projects. It was founded in 2010, with the aim of creating a marketplace where anyone could get help with their tasks or services without having to go through the hassle of finding someone themselves.
On Fiverr, you can search for freelancers who specialize in various areas such as graphic design, writing, programming, video editing and more. The great thing about Fiverr is that it allows users to easily compare different offers from different freelancers before making a decision.
In this guide, I’ll give you a whistle-stop tour all about the Fiverr platform to help you decide if it’s right for you, whether you’re a buyer or a freelancer.
How Does Fiverr Work?
Fiverr works by creating an online marketplace where freelancers can post gigs and buyers can post projects with the hope of connecting with the right person for the job.
When a freelancer posts a gig, they will specify their rates and any other information regarding the services that they are offering, such as turnaround time, gig requirements, and any other relevant details.
Businesses or individuals can then browse through the list of gigs on Fiverr and select a freelancer who best suits their needs in terms of skill level, price and timeframe.
There are more than 500 service categories on Fiverr!
Once the gig has been selected by a business or individual, they will contact the freelancer to discuss the project in further detail or place an order directly. After both parties agree to the terms, they will enter into a contract and the freelancer can begin working on the project!
Can You Make Money On Fiverr?
You definitely can make money on Fiverr as a freelancer. Since the platform acts as an online marketplace for freelancers and businesses to connect with each other, there are plenty of opportunities available where you can earn a decent income by providing your services or skills.
I managed to replace the income from my part-time job within just 3 months on Fiverr. You can find out everything I know about the platform in my 60+ page ebook.
You can also offer tiered packages that allow customers to choose from different levels of service depending on their budget. This is a great way to maximize your earnings while still providing value to clients.
When setting up gigs on Fiverr, make sure that you set realistic rates and delivery times that will be attractive to potential customers. This will help ensure that you get paid what you deserve and won’t end up working overtime without additional compensation!
The Pros & Cons Of Buying On Fiverr
Pros
- Fiverr offers an easy and efficient platform for freelancers and businesses to find each other and work together on projects
- You can easily compare different gigs from different freelancers before making a decision, allowing you to get the most value for your money
- Outsourcing on Fiverr can be a very cheap solution for lots of projects
Cons
- It can be difficult to find good freelancers on Fiverr without taking the time to read through reviews and check out portfolios
- There are low-quality options on the platform, so you need to be vigilant about who you hire
- You must conduct all business and transactions on the Fiverr platform itself, which comes with limitations and service fees
The Pros & Cons Of Selling On Fiverr
Pros
- You have access to a large number of potential customers, which gives you the opportunity to find projects that match your skills and interests
- You can set your own rates and delivery times, giving you complete control over how much money you make from each gig
- You can easily gather reviews from customers, which will help boost your profile and attract more clients in the future
Cons
- Fiverr takes 20% of all orders on the platform as commission, meaning that you will have to factor this into your rates
- Buyers can cancel orders in various ways, so it is somewhat risky
- You’re fairly dependent on Fiverr’s search algorithms to show your gigs to the right potential buyers
Fiverr Fees Explained For Buyers & Sellers
For Buyers
Fiverr charges buyers a 5.5% service charge plus a $2 small order charge for orders under $50. There is no way to get around these fees.
For Sellers
Fiverr takes 20% of all order fees, so you will only receive 80% of whatever price you list for your gigs. As with buyer fees, there is no way to get around this, and it doesn’t decrease as your seller level increases.
Should You Use Fiverr As A Buyer?
Fiverr is a great platform for buyers and businesses looking to find reliable freelancers and get the best value for their money. With so many different options available, you can easily compare gigs from different freelancers before making a decision.
Fiverr is a great platform for buyers and businesses of all sizes, from freelancers looking to outsource some tasks to large organizations in need of help with long-term projects.
Fiverr Business
Fiverr Business offers access to an extensive pool of talent, which can save time and money when compared with the traditional hiring process. You don’t need to pay for a business account, but you will get access to various perks, like a vetted pool of freelancers and your own project manager.
Should You Use Fiverr As A Seller?
Fiverr is a great platform for freelancers looking to showcase their portfolios and services, as well as find gigs that match their skills and interests. It’s a great place to get your first freelance clients and build up a portfolio of work – along with a selection of 5-star reviews too.
However, as with any freelancing endeavor, it requires a lot of time, hard work, and patience to become successful on Fiverr. You’re at the mercy of Fiverr’s algorithms unless you pay to promote your gigs, and so you’re not guaranteed to find success. However, it’s free to set up an account, so I’d recommend giving it a shot!
Final Thoughts
Fiverr is a great marketplace for freelancers looking to make some extra money and for businesses looking for help with their projects. It’s a hugely popular platform, and there are thousands of gigs you can offer as a seller, and millions of freelancers to choose from as a buyer.